Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Finalizes Resource Acquisition in Utah

Aug 12, 2019

Its acquisition of 50 percent of operating rights pertaining to oil sands in Utah is expected to help increase Petroteq’s cash value The company has also announced plans to satisfy debts with common shares so as to preserve its cash for the extraction technology being utilized at its Asphalt Ridge asset, as well as for working capital The acquisition is an important part of Petroteq’s extraction strategy, which is reliant on the company’s Clean Oil Recovery Technology that ensures safe, sustainable and environment-friendly oil extraction

On July 22, 2019, Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) announced the finalization of its acquisition of 50 percent of the operating rights and interests pertaining to oil sands in the state of Utah under the U.S. federal oil and gas leases. The acquisition encompasses 8,480 gross acres, or 4,240 net acres. All of the shares issued pursuant to the transaction will be subject to a four-month hold period, according to a company news release (http://nnw.fm/mq9Qj).

Petroteq, a fully integrated surface oil sands mining company with proprietary technology, delivered a number of additional important news in connection with its…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://nnw.fm/PQEFF

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

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

SNAPSHOT | Cops take Hadi's statement over alleged US offer to help overthrow govt
Sep 17, 2026
SNAPSHOT | Cops take Hadi's statement over alleged US offer to help overthrow govt

What’s going on in the news today, with updates at 9am, 2pm, 6pm, and 9pm.

Tourists seek out riverine landscapes, discover a different Đồng Tháp
Sep 17, 2026
Tourists seek out riverine landscapes, discover a different Đồng Tháp

From winding canals and lush orchards to traditional villages and wetland ecosystems, Đồng Tháp is drawing increasing numbers of visitors with tourism experiences that bring them closer to nature, local life and the province’s rich cultural heritage.

Foreign students in South Korea hit record 500,000 as culture boom drives demand
Sep 17, 2026
Foreign students in South Korea hit record 500,000 as culture boom drives demand

The number of foreigners entering South Korea for study and training surpassed a record 500,000 in 2025, marking more than a sixfold increase since 2021, driven by the global expansion of Korean pop culture.

PM announces RM1.5b for Sarawak, BudiDiesel perks, RM500 flight aid for students
Sep 17, 2026
PM announces RM1.5b for Sarawak, BudiDiesel perks, RM500 flight aid for students

This comes amid friction with Umno, Borneo support needed for stability.

YOURSAY | Pardons Board should stop hiding behind the King
Sep 17, 2026
YOURSAY | Pardons Board should stop hiding behind the King

'If you can't say, just say you can't.'

YOURSAY | Pardons Board should stop hiding behind Agong
Sep 17, 2026
YOURSAY | Pardons Board should stop hiding behind Agong

'If you can't say, just say you can't.'

Hanoi rainfall exceeds 150 mm overnight, causing widespread flooding
Sep 17, 2026
Hanoi rainfall exceeds 150 mm overnight, causing widespread flooding

Rainfall exceeding 150 mm in several parts of Hanoi from Wednesday night to Thursday morning has caused widespread flooding, with some schools switching to online classes.

Widespread flooding disrupts traffic, business in Hanoi after heavy rain overnight
Sep 17, 2026
Widespread flooding disrupts traffic, business in Hanoi after heavy rain overnight

Rainfall exceeding 150 mm in several parts of Hanoi from Wednesday night to Thursday morning has caused widespread flooding that paralyzed traffic and forced shop closures.

Rep. Teodoro: Strong anti-drug policy should go beyond enforcement
Sep 17, 2026
Rep. Teodoro: Strong anti-drug policy should go beyond enforcement

MANILA, Philippines — While he was responsible for defending the Dangerous Drugs Board (DDB) proposed budget for 2027, Marikina Rep. Marcelino Teodoro has admitted that the government needs to have a strong anti-drug policy that goes beyond mere enforcement. In his sponsorship speech delivered on Wednesday, to defend DDB’s P526.5 million budget for 2027, Teodoro

Aquino urges creation of Filipino-made AI, warns of risks from foreign models
Sep 17, 2026
Aquino urges creation of Filipino-made AI, warns of risks from foreign models

MANILA, Philippines — Sen. Bam Aquino on Wednesday urged the government to develop a Filipino-made artificial intelligence (AI) model, warning that continued reliance on foreign-made ones could influence Filipinos’ culture, language, and perspectives. Aquino raised the concern during the Senate committee on finance’s budget hearing on the 2027 spending plan of the Department of Science

US officials met Iran-backed Houthis in Oman over the weekend, sources say
Sep 17, 2026
US officials met Iran-backed Houthis in Oman over the weekend, sources say

A US State Department spokesperson says safeguarding freedom of navigation in the Red Sea and preventing the export of terrorism from the Middle East are core US interests

Will Four-Way Test help Pia Cayetano feel less pressured as senator-judge?
Sep 17, 2026
Will Four-Way Test help Pia Cayetano feel less pressured as senator-judge?

An emotional Senator-judge Pia Cayetano tells the impeachment court's amici curiae — retired Supreme Court justices — that she 'genuinely didn't know what to do' as her fellow minority senators were being slapped with cases left and right

Senators flag last-minute flight cancellations, policy review sought
Sep 16, 2026
Senators flag last-minute flight cancellations, policy review sought

MANILA, Philippines — Senators on Wednesday questioned the abrupt cancellations of flights during bad weather, saying passengers should not have to travel for hours to the airport only to find out that their flights had been canceled. During a Senate committee on finance hearing on the 2027 spending plan of the Department of Science and

High-tech dreams, low-tech reality of the Luzon Economic Corridor
Sep 16, 2026
High-tech dreams, low-tech reality of the Luzon Economic Corridor

Despite all the high-tech rhetoric, only 0.1% of the Luzon Corridor’s projects is in advanced manufacturing and 1% in digital connectivity

China marks breakthrough on railway linking Central Asia to Europe
Sep 16, 2026
China marks breakthrough on railway linking Central Asia to Europe

China has completed drilling a key tunnel on the China-Kyrgyzstan-Uzbekistan railway, which will create a shorter trade route to Europe and bypass Russia.

Vietnamese student wins two physics awards at once at world's No. 1 university
Sep 16, 2026
Vietnamese student wins two physics awards at once at world's No. 1 university

Tran Quang Vinh, an International Physics Olympiad gold medalist, was the only student to win two of the Massachusetts Institute of Technology physics department's academic awards this year.

Which Southeast Asian country has the world's highest paid leader?
Sep 16, 2026
Which Southeast Asian country has the world's highest paid leader?

This leader earns about US$1.7 million a year, more than four times what the U.S. president makes.

[Pastilan] The curious case of Sara Duterte’s memory hole
Sep 16, 2026
[Pastilan] The curious case of Sara Duterte’s memory hole

Sara Duterte tries to sweep under the carpet the corruption and anomalies that took place during her father's presidency, while blaming Ferdinand Marcos Jr. as though he and he alone were responsible for all the country's institutional rot

Southeast Asian city ranks as world's most welcoming
Sep 16, 2026
Southeast Asian city ranks as world's most welcoming

Singapore has been ranked the world’s most welcoming city for travelers, ahead of London and Sydney, in a global study by travel eSIM provider Holafly.

DENR cites public role after turnover of rescued wildlife in Cotabato
Sep 16, 2026
DENR cites public role after turnover of rescued wildlife in Cotabato

MANILA, Philippines – The Department of Environment and Natural Resources (DENR) has highlighted the public’s role in wildlife conservation after two Cotabato residents voluntarily turned over 12 rescued wildlife species to its provincial office on Sept. 10. “The recovery highlights growing community initiative and adherence to Republic Act (RA) No. 9147, also known as the Wildlife

2 solons split on CHR inclusion to Dangerous Drugs Board
Sep 16, 2026
2 solons split on CHR inclusion to Dangerous Drugs Board

MANILA, Philippines — Alona party-list Rep. Ma. Cristina Talavera-Lopez and 4K party-list Iris Montes on Wednesday aired different perspectives on the proposed inclusion of the Commission on Human Rights (CHR) as a member of the Dangerous Drugs Board (DDB). During the House sponsorship and plenary deliberations on the proposed budget of the DDB for next

Pagasa flags rivers across Western Visayas as ITCZ brings rains
Sep 16, 2026
Pagasa flags rivers across Western Visayas as ITCZ brings rains

ILOILO CITY, Philippines — Rivers and tributaries across Western Visayas could be affected by rains and thunderstorms brought by the intertropical convergence zone (ITCZ), prompting state weather forecasters to warn residents in low-lying areas and near mountain slopes to take precautions. In General Flood Advisory No. 1 for Western Visayas issued at 6 p.m. Wednesday,

Residents start using temporary Bailey bridge in Santa, Ilocos Sur
Sep 16, 2026
Residents start using temporary Bailey bridge in Santa, Ilocos Sur

SAN ILDEFONSO, ILOCOS SUR, Philippines — Residents, commuters and motorists are now using the newly completed Bailey bridge in Santa, Ilocos Sur, which provides a temporary crossing following the closure of the Calungbuyan Bridge due to damage caused by continuous rains. The Department of Public Works and Highways (DPWH) Ilocos Sur 2nd District Engineering Office

Highlights:  Day 26 of Sara Duterte impeachment trial | Sept. 16, 2026
Sep 16, 2026
Highlights: Day 26 of Sara Duterte impeachment trial | Sept. 16, 2026

MANILA, Philippines – On the 26th day of Vice President Sara Duterte’s impeachment trial, the Senate impeachment court heard four retired Supreme Court justices serving as amici curiae on the disputed voting threshold needed to convict the vice president.   Three of the four, former Chief Justices Artemio Panganiban, Reynato Puno, and Hilario Davide Jr., agreed

LTO revokes actor’s license involved in Antipolo crash
Sep 16, 2026
LTO revokes actor’s license involved in Antipolo crash

MANILA, Philippines — The Land Transportation Office (LTO) on Wednesday said it imposed a two-year revocation of the driver’s license of an actor who was involved in an accident along Marcos Highway, Antipolo City, Rizal. The actor reportedly lost control of the vehicle after he experienced severe fatigue, which led to him crashing into three

Lotto results: No jackpot winners in Sept. 16 draws
Sep 16, 2026
Lotto results: No jackpot winners in Sept. 16 draws

MANILA, Philippines—No bettor won the jackpots in the Grand Lotto 6/55 and Mega Lotto 6/45 draws on Wednesday, Sept. 16, according to the Philippine Charity Sweepstakes Office. Sept. 16, 2026, fell on a Wednesday. The Grand Lotto 6/55 winning combination was 04-07-08-54-51-31 for a jackpot of ₱202.47 million. PCSO said there was no jackpot winner.

3 children die of dengue in Silay, Bacolod
Sep 16, 2026
3 children die of dengue in Silay, Bacolod

BACOLOD CITY — Dengue claimed the lives of three boys in Silay City and Bacolod City this month, prompting local health authorities to intensify measures against the mosquito-borne disease. The fatalities involved boys aged 8 to 11, with one death recorded in Silay and two in Bacolod, health officials said Wednesday, Sept. 16. In Silay City,

Senate has ‘sole power’ to decide VP Duterte impeachment case – amici curiae
Sep 16, 2026
Senate has ‘sole power’ to decide VP Duterte impeachment case – amici curiae

MANILA, Philippines — The Senate has “the sole power to try and decide all cases of impeachment,” four retired Supreme Court justices stressed that constitutional provision as they gave their legal opinions as amici curiae on Wednesday, the 26th day of Vice President Sara Duterte’s impeachment trial. In a prosecution statement, former Rep. Robert Ace Barbers,

Rains to drench parts of PH as ITCZ prevails
Sep 16, 2026
Rains to drench parts of PH as ITCZ prevails

MANILA, Philippines — Rains are expected over parts of Southern Luzon, Visayas and Mindanao on Thursday, Sept. 17, as the intertropical convergence zone (ITCZ), a convergence of winds, affects these areas, the state weather bureau said. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said in its weather advisory that the ITCZ will bring

Tolosa: Baste Duterte can testify if Davao dealt with Sara-linked firms
Sep 16, 2026
Tolosa: Baste Duterte can testify if Davao dealt with Sara-linked firms

MANILA, Philippines — Davao City Mayor Sebastian Duterte can testify before the Senate Impeachment Court if the local government had dealt with companies where his sister, Vice President Sara Duterte, is listed as a stockholder, a member of the prosecution panel said on Wednesday. In a press briefing after the Wednesday’s impeachment discussions, counsel for the

Manila Water units deliver emergency aid to flood-hit towns in Pangasinan
Sep 16, 2026
Manila Water units deliver emergency aid to flood-hit towns in Pangasinan

MANILA, Philippines — In response to the widespread flooding that prompted the declaration of a state of calamity in Pangasinan, Manila Water Non-East Zone operating units Calasiao Water and North Luzon Water, in partnership with Manila Water Foundation (MWF), provided safe drinking water to evacuees in the municipalities of Calasiao, Malasiqui, and Sta. Barbara. Through

DepEd pushes ‘job-ready’ efforts for SHS students
Sep 16, 2026
DepEd pushes ‘job-ready’ efforts for SHS students

MANILA, Philippines — The Department of Education (DepEd) partnered with more than 170 institutions in various fields as part of its effort to make senior high school (SHS) students job-ready after graduation. “Our graduates must enter the workforce with genuine hands-on experience and real competencies. By sitting down directly with our industry leaders, we are

Sara Duterte camp: Hard to take Claire Castro seriously
Sep 16, 2026
Sara Duterte camp: Hard to take Claire Castro seriously

MANILA, Philippines — Vice President Sara Duterte’s new spokesperson, Salvador Paolo Panelo Jr., on Wednesday dismissed the claim that he was appointed to counter Palace Undersecretary Claire Castro, whom he described as “hard to take seriously.” “I have no intention of responding to every statement she makes because we only need to address criticisms that

Luistro says amici curiae’s arguments beneficial to prosecution
Sep 16, 2026
Luistro says amici curiae’s arguments beneficial to prosecution

MANILA, Philippines — The arguments raised by the former Supreme Court (SC) chief justices on reducing the number needed to convict impeachable officials should senator-judges be absent benefits the prosecution, Batangas Rep. Gerville Luistro said on Wednesday. In an ambush interview after a break in the Senate Impeachment Court’s discussions on the threshold needed to convict

Panelo warns lowering impeachment threshold could invite gov’t pressure
Sep 16, 2026
Panelo warns lowering impeachment threshold could invite gov’t pressure

MANILA, Philippines — Vice President Sara Duterte’s newly-appointed spokesperson Salvador Paolo Panelo Jr. on Wednesday warned that lowering the 16-vote threshold for conviction could allow the sitting government to manipulate the outcome of her impeachment trial. In an ambush interview on Wednesday, Panelo said, “Maaaring kapag ang denominator, itong 16, ay pwedeng babaan, iniimbitahan mo

Hontiveros wants anti-dynasty bill tackled despite chairmanship change
Sep 16, 2026
Hontiveros wants anti-dynasty bill tackled despite chairmanship change

MANILA, Philippines — Sen. Risa Hontiveros urged the Senate on Wednesday to continue tackling the anti-political dynasty bill, which she had already sponsored before the change in leadership in May. This comes despite the panel being chaired by Sen. Jinggoy Estrada, who is currently detained and under preventive suspension over a plunder case before the

BIR on high alert vs illicit vapes, tobacco sa ‘Ber’ months begin
Sep 16, 2026
BIR on high alert vs illicit vapes, tobacco sa ‘Ber’ months begin

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has placed its enforcement units on heightened alert against illicit vape and tobacco products as consumer activity picks up during the “Ber” months and ahead of the Christmas season. “We are receiving intelligence and market information on the increased risk of illicit vape and tobacco products entering

2027 budget: Tinio flags ‘massive’ deficit spending
Sep 16, 2026
2027 budget: Tinio flags ‘massive’ deficit spending

MANILA, Philippines — Deputy Minority Leader and ACT Teachers Rep. Antonio Tinio on Wednesday warned that nearly a quarter of the 2027 spending program would be funded through borrowing. Tinio said the debt-funded share in 2027 would amount to P1.69 trillion, which is 24 percent, compared with 13 percent in 2016. He attributed the large

Mark Villar welcomes passage of Child Tourist Safety Act
Sep 16, 2026
Mark Villar welcomes passage of Child Tourist Safety Act

MANILA, Philippines — Sen. Mark Villar welcomed on Wednesday the recent passage on third reading at the Senate of the proposed Child Tourist Safety Act (Senate Bill No. 1926), which seeks to strengthen safety standards, emergency preparedness, and access to medical assistance in tourism destinations. The bill is also known as “Sandy’s Act,” after six-year-old

Pamitinan Protected Landscape in Rizal to reopen Sept. 19
Sep 16, 2026
Pamitinan Protected Landscape in Rizal to reopen Sept. 19

LUCENA CITY — The Pamitinan Protected Landscape (PPL) in Montalban, Rizal, will reopen to the public on Sept. 19, according to thd Department of Environment and Natural Resources (DENR) in Calabarzon said on Wednesday (September 16) .  “We are pleased to inform the public that ecotourism activities in Pamitinan Protected Landscape (PPL) will resume on

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.

Voice of KL

We may be unheard, but things are different now. Voice of KL represents the voice of Malaysians who want you to discover the beautiful and developed city of Malaysia.