Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning announced that it was recently featured in The New York Times, in an article titled, A Plan to Unlock Billions of Barrels of Oil From Utah’s Sands by Clifford Krauss. The article highlights the company’s background and disruptive technology, as well as its unique approach to oil sands extraction in Utah and the current state of oil sands. “We are thankful for such high-quality exposure that highlights our corporate initiatives and the sophisticated technology that we are bringing to the oil sands industry. We have been progressing at a rapid rate as we’ve recently completed all the testing at our new plant. Currently we are working towards bringing our new facility’s production capacity to 1,000 bod and have signed a non-binding LOI to increase acreage,” Petroteq Energy CEO David Sealock stated in the news release.
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About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Petroteq’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com
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