PQEFF - Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Extracted Crude Sold at WTI Price; Samples Shipped to UK for Testing
- The buyer loaded an initial 200.52 barrels of heavy crude and paid WTI pricing of $70.91 per barrel of crude oil produced at the company’s Asphalt Ridge facility
- Samples of the Asphalt Ridge crude are being sent to Quadrise Fuels International Plc in the UK for assessment to determine if it is suitable for the British company’s proprietary technology
- Petroteq and Greenfield are working with a local drilling fluids company for the identification of customers for the clean sand produced for use as a potential frac sand
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil company focused on developing and implementing its proprietary oil extraction and reclamation technologies, has announced that the oil it produced at its Asphalt Ridge facility (the POSP) at the beginning of June 2021 has been sold and handed over to its buyer (https://ibn.fm/nJIYR).
According to a company press release, the buyer paid West Texas Intermediate (‘WTI”) pricing of $70.91 per barrel, resulting in a net realized price of $57.91 per barrel after removing transportation costs of $13 per...
NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://ibn.fm/PQEFF
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