PQEFF - Petroteq Energy - Q4 Catalyst Could Unlock Significant Upside

• Fall 2020 is Petroteq's 10th anniversary of the initial 1,138 acre lease at Asphalt Ridge, the 6th since the initial unveiling of a 50 b/d pilot plant in Vernal, Utah.
• It has been a long road for the company. Petroteq has a lot to prove to shareholders and the investment community as it approaches year-end 2020.
• Petroteq has made giant strides this year enhancing leadership with the recent hiring of a new COO; expanding its relationship with Valkor, LLC; and, making dramatic cuts in G&A.
• Petroteq has set expectations of achieving 400 b/d consistent production by year-end, a milestone that has proved elusive in recent years.
• Subject to achieving this milestone a speculative position is justified with a target price range of $0.18 to $0.30 per share.

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