Greenfield Energy, a joint venture between TomCo Energy and Valkor, has entered a non-exclusive multi-site license with Petroteq Under the agreement, the company will receive a 5% royalty of all net revenues for oil sands plants built by Greenfield with the Petroteq License The company’s patented and proprietary technology for heavy oil extraction is sustainable, … Continue reading “Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FRANKFURT: PQCF) Extracted Oil Tagged and Gauged by Buyer; Company Enters Non-Exclusive Multi-Site License Agreement”
Investment Considerations Petroteq is focused on oil sands exploration and production at Asphalt Ridge, Utah. The company also possesses full operational rights to six U.S. oil & gas leases in Utah’s P.R. Springs and Tar Sands Triangle. Petroteq’s proprietary, closed-loop Clean Oil Recovery Technology (CORT) extraction process significantly lowers capital expenditure and reduces environmental impact. … Continue reading “Petroteq Energy Inc. (TSXV: PQE) (OTC: PQEFF)”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, has completed a Pre-FEED (preliminary) design for a proposed 5,000 bopd oil sands plant (single train). The study, conducted by Crosstrails Engineering LLC, a subsidiary of Valkor LLC, confirmed that an initial … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Completion of Study, Confirmation of Technology’s Lower Costs & Increase Capabilities”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced a proposed arrangement with an existing arm’s-length lender and its affiliate. Under the agreement, the lender will exercise existing warrants of Petroteq Energy for a minimum of US$61,050 in gross … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Proposed Arrangement with Arm’s-Length Lender, Affiliate”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today released a shareholder update regarding recent transactions relating to the company. Among other highlights, the update discussed Petroteq’s entry into an agreement with Valkor Energy Services LLC. Under the agreement, Valkor … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Issues Shareholder Update”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced that it has hired George Stapleton as its new chief operating officer. Stapleton brings with him more than 40 years of experience in the areas of design, construction, fabrication … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Hires COO with Depth, Decades of Experience”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that Valkor Engineering has agreed to settle the remaining portion of its debt with the company, namely, US$700,000, through the issuance of 11,666,666 common shares of the company, each … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Additional Debt Conversions, Equity Investment”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, on Wednesday announced the receipt of an irrevocable subscription agreement from an arm’s length lender. According to the update, the agreement was for a $150,000 principal amount (including a 20% original issue … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces New Financing, Amendment to Securities and Shares for Debt”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that both Valkor Engineering and Petroteq’s Chairman Alex Blyumkin have agreed to invest in the Company at a premium to the public market price of its common shares. According to … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Significant Investments”
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) on Friday announced a correction to the shares for debt details from its June 12 and 24, 2020 news releases. According to the update, the Company has executed shares for debt agreements, pursuant to which it will issue an aggregate of 7,582,502 common shares in satisfaction of US$304,309 (including … Continue reading “NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Issues Correction to Shares For Debt Details”
