PQEFF - Petroteq Energy: Valuation Update And Comments On A Peculiar Proposal

• An obscure Swedish company has issued notice of a public tender for up to 200 million shares of Petroteq Energy at a price equivalent to approximately $0.58 per share.
• The unusual and mysterious proposal has dramatically increased trading volume and awareness of Petroteq on Reddit.
• More fundamentally, the company has slashed G&A by more than 50% and seems to be making progress in establishing production at its pilot plant in Vernal, Utah.
• Establishing that the pilot plant can consistently produce saleable product is the key to sustainable share price performance.
• The identified potential supports a value of $0.17 to $0.29 per share.

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