Petroteq Energy Inc.

Greenfield Energy Also Receives Final FEED Study and Third Party Evaluation Report Petroteq Energy Inc. ‎‎, an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction ‎technologies, is pleased to announce that the Front End Engineering and Design Study for a proposed 5,000 barrels of oil per day production facility employing Petroteq's Clean Oil Recovery Technology process [...]

Petroteq Energy Inc. ‎‎, an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces that its securities counsel has been contacted, by the client of Uppgard Konsult AB, the Bidder, through legal counsel. While there is no guarantee that any discussions will result in any meaningful discussions or a transaction, the Company has advised [...]

Petroteq Energy Inc., cautions that, on July 16, 2021, the independent members of the Audit Committee of the Board of Directors of the Company, after discussion with the Company's Chief Financial Officer, concluded that: 1. the following previously-issued financial statements of the Company should no longer be relied upon: as contained in the Company's annual reports on Form 10-K for the financial years ended August 31 [...]

Regarding Petroteq Energy Inc., Uppgard Konsult AB announces that on July 7, 2021 the Client signed an engagement letter with a renowned international law firm based in Canada with proven experience in the field of mergers and acquisitions as well as in the energy sector in general and oil & gas in particular. The scope of the work is to assist with regards to takeover bid / tender offer for shares in [...]

Petroteq Energy Inc. is pleased to announce that it has received irrevocable subscription agreements for gross proceeds of US$2,144,999.92 for an aggregate of 17,874,996 units of the Company at US$0.12 per Unit. Each Unit shall consist of one common share of the Company, and one transferable common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one ‎additional common share of the Company [...]

Petroteq Energy Inc. announces its intention to complete debt conversion transactions with two arm's length lenders pursuant to which the Company will issue an aggregate of 2,333,176 common shares of the Company at a deemed price of US$0.094 per share in satisfaction of US$219,318.33, representing certain accrued and unpaid interest under previously issued convertible debentures. In addition, the Company intends to [...]

Development of Sales Channels for Produced Sand Continues Petroteq Energy Inc. ‎‎, a ‎company focused on the development and implementation of its proprietary oil-‎extraction ‎technologies, is pleased to announce that the oil produced last week at Asphalt Ridge Petroteq's oil sands facility was sold and collected by a buyer last Friday as expected. The buyer was only able to load 200.52 barrels of crude, owing to trucking [...]

Greenfield Energy Enters Into Membership Interest Purchase Agreement for up to 100% of TSHII Petroteq Energy Inc. ‎‎. Our ‎company, focused on the development and implementation of its proprietary oil extraction and reclamation ‎technologies, is pleased to announce that the 250 barrels of oil produced last week at its oil sands plant at Asphalt Ridge have now been gauged and tagged by the buyer. Subject to the [...]

Petroteq Energy Inc. announces the execution of debt conversion agreements with two arm's length lenders wherein the lenders will accept an aggregate of 1,388,897 common shares of the Company at a deemed price of US$0.139 per share in satisfaction of US$193,057, representing certain principal and accrued and unpaid interest up to and including June 1, 2021, under previously issued convertible debentures. The Company [...]

Petroteq Energy Inc. is pleased to announce that following the restart of processing operations at its oil sands plant at Asphalt Ridge 250 barrels of sales oil have now been produced. As previously advised, a truckload of cleaned sand was collected by a nearby drilling fluids company for evaluation and testing. The initial evaluation showed the sand to be dust free and they have confirmed that they plan to collect up to [...]