Petroteq Energy Inc. , at the request of the Market Surveillance group of the Investment Industry Regulatory Organization of Canada , announces that the Company is not aware of any material undisclosed information that may be contributing to the level of trading activity of its shares on the TSX Venture Exchange. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, is pleased to announce the execution of a definitive agreement for the acquisition of an additional 50% of the operating rights and interests relating to oil sands under U.S. federal oil and gas leases encompassing approximately 8,480 gross acres in the State of Utah. This acquisition, combined with the Company’s acquisition, completed and announced last [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the closing and issuance of 15,000,000 common shares to Momentum Asset Partners I, LLC representing the equity component of the consideration payable by the Company pursuant to the acquisition from Momentum of 50% of the operating rights and interests relating to oil sands under U.S. federal oil and gas leases encompassing approximately 8,480 gross [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, is proud to announce that it is has been continuously producing in excess of 500 barrels a day for the last two weeks. This is a significant milestone as the Company demonstrates the commercial viability of its first in kind technology that has the potential to be a disruptive technology giving the Company a competitive advantage and licensing opportunity in [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the following: The Company has agreed to complete two shares for debt transactions, pursuant to which it will issue an aggregate of 400,000 common shares in satisfaction of US$185,000 of indebtedness currently owed to two arm’s length service providers. The Company determined to satisfy the indebtedness with common shares in order to preserve [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces oil sales. Petroteq is reporting that, on March 18, 2019, oil production sales have commenced at the Asphalt Ridge facility. Two loads of 250 barrels of oil having an API gravity of 17 were sold, with additional oil remaining in crude oil storage tanks located at Petroteq’s processing facility on our Asphalt Ridge lease in Utah. The Company and [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the following: The Company is pleased to announce the subscription by Alex Blyumkin, the Executive Chairman and a director of the Company, for 2,222,222 common shares of the Company at US$0.45 per share for gross proceeds of US$1,000,000. “The continuing progress of our company in the expansion of our Utah oil sands facility, combined with our [...]
Petroteq Energy Inc.. , a fully integrated oil and gas company, is pleased to announce that it has completed its first maintenance turnaround at its oil sands processing facility located near Vernal, Utah, and has recommenced the production of oil from the Plant at 300-350 barrels/day. During the recent maintenance turnaround, the Company focused primarily on upgrading the front-end and recovery processes at the Plant [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the following: The Company is pleased to announce a proposed private placement with three arm’s length subscribers of up to 7,242,424 common shares of the Company at US$0.33 per share for gross proceeds of US$2,390,000. The Company also proposes to issue 571,442 common shares in satisfaction of US$228,578 of accrued and unpaid sitting fees to [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, is pleased to announce the execution of a definitive agreement for the acquisition of 50% of the operating rights and interests relating to oil sands under U.S. federal oil and gas leases encompassing approximately 8,480 gross acres in the State of Utah. The lands included in the leases are located in P.R. Springs and the Tar Sands Triangle, two areas that [...]
Petroteq Energy Inc. , retracts the press release issued on February 6, 2019 entitled “SECURITIES.” The February 6, 2019 press release was issued in error. The shares of Petroteq will be halted at the open of trading today on the TSX Venture Exchange and will remain halted until a correcting press release is issued later today. Neither TSX Venture Exchange nor its Regulation Services Provider accepts [...]
Petroteq Energy Inc. announces it has agreed to complete a shares for debt transaction, pursuant to which it proposes to issue 23,076,923 common shares in satisfaction of a promissory note for US$6 million issued by TMC Capital, an indirect wholly owned subsidiary of the Company, to an arm’s length party. The Note, and assumption of certain obligations and liabilities, was issued by TMC on January 29, 2019 in [...]
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