PQEFF - NetworkNewsBreaks - Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Recommences Production at Asphalt Ridge Facility
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, today announced its recommencement of production today from the Asphalt Ridge Facility in Utah. According to the update, completion of the planned equipment modifications to the sand separation process, fluid extraction process, and the clean sand production process mark a significant milestone for the company’s proprietary oil extraction solvent technology. "The technology enhancements completed in the last several months are expected to provide the Company the foundation to consistently increase production to its productive capacity in a step wise approach, and potentially enhance cash flow in what is currently a much more favorable pricing environment," Petroteq CEO David Sealock stated in the news release. "The strengthening of our balance sheet, consistent production and cash flow remains our top priority.”
For more information, visit www.Petroteq.energy.
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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 and bitumen 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. Its proprietary process produces nearly zero greenhouse gas and 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. For more information, visit the company’s website at www.Petroteq.energy
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