NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Provides Update on Asphalt Ridge Facility
Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning provided an update on the progress at its Oil Extraction facility in Asphalt Ridge, Utah. Per the update, the company is on track to initiate “full on” operations at the end of July and ramp up production with an expected 1,000 barrels per day (“bod”). The company is currently engaged in new research and development projects which should increase the efficiency and applicability of its patented extraction technology. In addition, the company has staffed up its internal team and advisory board to take care of numerous…