Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil extraction and remediation technologies, announced today that it has entered into a confidentiality agreement with the third party who was previously disclosed as being a client of Uppgard Konsult AB. The purpose of the confidentiality agreement is to permit Petroteq to find out the identity and intentions of the [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil extraction and remediation technologies, provides the following corporate update. As previously announced, the Canadian cease trade order has been revoked by the Ontario Securities Commission, but Petroteq remains subject to a TSX Venture Exchange trading suspension. The Company and its management are working on the [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced today that the Company has received proof of funds from the undisclosed bidder who was previously disclosed as being a client of Uppgard Konsult AB. The confirmation was provided by the bidder indirectly through their Canadian legal counsel, Gowling WLG LLP. The [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced today that the cease trade order issued by the Ontario Securities Commission has been revoked effective August 24, 2021. The CTO was issued by the OSC on August 6, 2021, as a result of its failure to file its quarterly report on Form 10-Q for the period ended May [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces that it has now filed on Edgar and SEDAR its amended and restated financial statements and management's discussion and analysis for the eight quarters from May 31, 2019 to February 28, 2021, as well as its quarterly report on Form 10-Q for the period ended May [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced today that, contrary to management's prior expectations outlined in Petroteq's press release of August 9, 2021, it will not be able to complete the intended restatements of the Company's financial statements by August 13, 2021. The filing process has already [...]
Testing of Samples Delivered to Quadrise Fuels International Is Now Underway Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction technologies, is pleased to announce that the continued testing in the Company's Asphalt Ridge extraction plant of ore from various sources in the region, with varying oil quality in the range of 5 to 10 weight percent, has [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced today that, in lieu of the management cease trade order that the Company had applied for, it has been issued a Cease Trade Order by the Ontario Securities Commission as a result of its failure to file its quarterly report on Form 10-Q for the period ended May 31 [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces the resignation of Mr. Alex Blyumkin as an officer and director of the Company. The board of directors of the Company has appointed R G Bailey, current director and former Chief Executive Officer of the Company, as the Interim Chief Executive Officer, and Mr [...]
Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is providing this update on the status of the Company's filing of its quarterly report on Form 10-Q for the period ended May 31, 2021 . The Company anticipates that it will be in a position to file the Documents by Friday, August 13, 2021. The Company had previously [...]
Regarding Petroteq Energy Inc. , , , Uppgard Konsult AB announces that on July 29, 2021, the company officially filed and published an amendment to the takeover offer of April 16, 2021 in the German Federal Gazette. In order to achieve the first objective of a simple majority, the target minimum holding for the takeover offer of 200 million shares in Petroteq Energy Inc. was increased to 270 million shares at a premium [...]
Technical Review Indicates Production Costs of Approximately $22 per Barrel of Oil Produced Petroteq Energy Inc. , an oil company focused on the development and implementation of its proprietary oil-extraction technologies, is pleased to announce that Kahuna Ventures LLC has reviewed operating data, process simulation data, and the Front End Engineering and Design study for the purposes of a third-party technical [...]
