Petroteq Energy is pleased to announce its application to the Alternative Energy Development Initiative. Petroteq's Asphalt Ridge Facility The Alternative Energy Development Initiative, part of Utah’s Energy Action Plan, is designed to spur the growth of state revenues and job growth in the Utah Energy Market. The incentive represents a 75% tax reduction of new revenues including Corporate, Sales, and withholding [...]
STUDIO CITY, CA, July 12, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, has submitted its formal application to list the Company’s common stock in the U.S. on the NASDAQ Capital Market. "We believe up-listing in the U.S. from the OTC Market to the NASDAQ Capital Market will increase awareness of Petroteq in the financial [...]
Company Welcomes Mr. David Kahn, Senior Energy Veteran from Weatherford, Baker Hughes and Texaco to its Advisory Board Petroteq's Asphalt Ridge Facility Reaffirms Confidence in its Property on Asphalt Ridge, Utah Following Two Major Industry Events STUDIO CITY, CALIFORNIA, July 11, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, is [...]
STUDIO CITY, CA, July 10, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, announced an agreement with Cavitation Technologies, Inc , a company providing highly scalable and cost-effective solutions to various fluids processing industries. The companies have entered into a licensing agreement to test its equipment during oil [...]
STUDIO CITY, CA, July 09, 2018 -- Petroteq's Asphalt Ridge FacilityPetroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to update investors on the progress at its Oil Extraction facility in Asphalt Ridge, Utah. Petroteq's Asphalt Ridge Facility Second quarter activities secured the completion of construction at the Asphalt Ridge facility, which is designed to produce 1,000 barrels per day . The Company’s recent news for the first half of 2018 has been very exciting: new capital of approximately US$3.86 million to date in 2018 the placement of key technical advisors to Petroteq’s advisory board initial production. News in July is what our current and future investors will be m... [...]
Petroteq Energy announces the issuance of an aggregate of 292,893 common shares to eleven arm’s length parties for gross proceeds of an aggregate US$202,100. The net proceeds will be used by the Company for use on its extraction technology in Asphalt Ridge, and for working capital. The issuances are subject to final approval of the TSX Venture Exchange. All securities issued are subject to a four-month hold period [...]
STUDIO CITY, CA. , June 20, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to announce a new initiative to expand size and scope of its Advisory Board. Petroteq’s Advisory Board provides guidance and insight to the management team on the Company’s strategic initiatives and go forward strategy relating to [...]
STUDIO CITY, CA, June 19, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, announced the successful unveiling of its environmentally friendly heavy oil processing and extraction plant located at the Asphalt Ridge in Uintah Basin, Utah. Management of Petroteq took the opportunity of this media day to initiate production at the plant [...]
Studio City, CA. , June 18, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, announced today that it will be presenting at The MicroCap Conference being held on June 21, 2018 at the Sheraton Centre Hotel, Toronto. Event: The MicroCap Conference Date: Thursday, June 21st Location: Sheraton Centre Hotel, Toronto Presentation: Time [...]
Petroteq Energy announces the following issuances of securities. Further to its news release of May 18, 2018, the Company has issued an aggregate of 559,087 common shares to six arm’s length parties for gross proceeds of an aggregate US$305,000. Further to its news release of May 22, 2018, while Deloro Energy, LLC did not exercise its option to increase its investment in the Company from US$3.6 million to US$6 [...]
STUDIO CITY, CA, June 07, 2018 -- Petroteq Energy Inc.. , a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to announce that it has acquired additional acreage in the resource rich Uintah Basin. The Company has finalized the acquisition at auction of a 100% interest in two leases for 1,312 acres of land within the Asphalt Ridge, Utah area. Petroteq [...]
STUDIO CITY, CA, June 01, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to update investors on the progress at the Company’s heavy oil extraction facility located at Asphalt Ridge, near Vernal, Utah . With continued focus on the final engineering, procurement and construction processes, the construction team has [...]
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