NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Posts Update on Heavy Oil Extraction Facility
Jun 1, 2018
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) this morning provided an investor update regarding the progress at its Asphalt Ridge heavy oil extraction facility. Per the update, slight logistic issues concerning construction and electrical material have temporarily delayed the project by a two to three-week time frame. “Petroteq’s project is going exceedingly well, notwithstanding minor logistical issues have created a slight schedule push the facility should be in full commissioning and start-up operations in the second and third week of June,” Petroteq CEO David Sealock stated in the news release. “Because we are on track to initiate operations prior to the end of Q2 2018, I am delighted that the full financial impact of 1,000 BOD/day production will be realized by Petroteq in the second half of 2018. This is a momentous event in the evolution of Petroteq as a company.”
To view the full press release, visit http://nnw.fm/6gRg9
About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com.
More from NetworkNewsBreaks
NetworkNewsBreaks – Global Hemp Group, Inc. (CSE: GHG) (FRA: GHG) (OTC: GBHPF) Acquires Equity Interest in Cash Crop Today Media, LLC NetworkNewsBreaks – Aphria Inc. (TSX: APH) (OTC: APHQF) Engages Great North Distributors, Inc. NetworkNewsBreaks – Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) Inks LOI with Sundial Growers Inc.About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]
More News
Negros traders, labor groups assail wage increase
BACOLOD CITY—Labor and business leaders in Negros Occidental have expressed dissatisfaction with the daily minimum wage increase of P40 to P45 for private-sector workers in Western Visayas, with labor groups calling the adjustment inadequate and employers warning of higher operating costs and possible price increases. The wage adjustment, approved by the Regional Tripartite Wages and
Villegas urges Palace to stand firm on West Philippine Sea
DAGUPAN CITY—Lingayen-Dagupan Archbishop Socrates Villegas urged the Marcos administration to remain “firm and unyielding” in defending the country’s sovereignty over the West Philippine Sea (WPS), “without provoking hostilities but without cowering in the face of threat.” In a pastoral message issued on Sunday, Villegas said he was lending his voice to fisherfolk in Pangasinan and
/file/attachments/orphans/anwar1_142646.png)
Equal allocation: Anwar insists negotiations necessary, denies voters sidelined
PARLIAMENT | PM stresses that funds for development are just not given directly to MPs.
‘Undas’ sideline sustains Koronadal families
KORONADAL CITY—For as little as P5 per grave, youths and adults living beside Koronadal City Public Cemetery earn extra money by cleaning tombs and lighting candles for visitors ahead of “Undas” (All Saints’ Day and All Souls’ Day). The annual influx of cemetery visitors offers these residents a chance to earn money for their families’
US rejects record 1 in 4 South Korean visitor visa applicants, over four times Japan's rate
The U.S. turned down nearly 1 in 4 South Korean applicants for business and tourist visas in the year to September 2025, a record high and more than four times the rate for Japanese applicants.
South Korea's top-ranked university eyes students in Vietnam, China for its first international-only division
Seoul National University (SNU) is considering Vietnam, mainland China, Taiwan, Kazakhstan and Uzbekistan as priority recruitment markets for its first international-only undergraduate division, opening in fall 2027.
/file/publisher-c1a3f893382d2b2f8a9aa22a654d9c97/2023/06/cd177486f1494afb1cebc89b2230fb3f.jpg)
YOURSAY | Minister missing the forest for the trees
'Address youths grouses instead of worrying about image.'
Some travelers end up at Australia's newest major airport by mistake
Some travelers who meant to fly to Sydney's main airport, or even to Western Australia, landed at the new Western Sydney International Airport on Oct. 26, a day after it opened to passengers.
/file/attachments/orphans/image68_239971.jpeg)
TuJu not built to rival Waze, LLM chair clarifies amid govt push
Locally developed app designed as additional service for tolled highway users, Hasni explains.
Landmark APEC 2027 convention center and performance hall near completion on Vietnam's Phu Quoc island
The APEC Convention and Exhibition Center on Vietnam's largest island Phu Quoc is 98% built, with the accompanying 4,000-seat multipurpose performance hall expected to finish by late June 2027.
Which Southeast Asian country operates world's longest direct flight?
The flight from this country to New York covers nearly 13,350 km in 18 hours, making it the longest direct flight in the world.
PCSO lotto results Oct. 26: ₱305.12M jackpot unwon
MANILA, Philippines — No bettor won the ₱305.12 million Grand Lotto 6/55 jackpot or the ₱15 million MegaLotto 6/45 jackpot in the Philippine Charity Sweepstakes Office (PCSO) draws on Monday, Oct. 26, 2026. According to the PCSO results provided, the Grand Lotto 6/55 draw produced the winning combination 27-38-44-51-20-47, with a jackpot prize of ₱305.12
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.