Petroteq Energy Inc. is pleased to announce that processing operations at its oil sands plant at Asphalt Ridge has been restarted after a suspension of operations following receipt on 14 May 2021 of a Cessation Order from Utah's Department of Oil, Gas and Mining. One concern articulated in the CO dealt with the processing of offsite oil sands ore, which had not been specifically addressed in the Company's existing Notice [...]
Petroteq Energy Inc. announces that on May 19, 2021, Petroteq received emails from several European shareholders advising the Company that their brokers had informed them they had received what appeared to be an offer to purchase shares of Petroteq. In addition to being advised of this offer, the Company was directed to Bundesanzeiger, an official publication of the Department of Justice and Consumer Protection, of the [...]
Petroteq Energy Inc. is pleased to announce that its oil sands plant at Asphalt Ridge has been restarted after a shutdown to allow for certain additional enhancements that were required to be made to the POSP in order to allow for a more efficient and optimised extraction process. The required additional equipment has now been successfully installed and tested, and the POSP is again producing oil. George Stapleton [...]
Petroteq Energy Inc. is pleased to announce that it has received irrevocable subscription agreements for gross proceeds of US$130,000 for an aggregate of 2,666,665 common shares of Petroteq at a price of US$0.06 per share. The subscriptions include a US$70,000 subscription from Mr. Alex Blyumkin, an officer and director of Petroteq, for 1,666,666 common shares. In addition, the Company announces it has reached an [...]
Petroteq Energy Inc. is pleased to announce that the restart of its oil sands plant at Asphalt Ridge is currently proceeding more or less as planned. The Company received its mining permits earlier this month as expected. The POSP has since been started and is processing ore. As at the close of business on January 22, 2021, the POSP had produced over 150 barrels of net oil in solvent. The Company is now in the process [...]
Petroteq Energy Inc. announces an amendment to the agreement it announced on December 28, 2020 with an arm’s length lender in respect of a debenture issued by Company to the lender on July 19, 2019 that matured on October 19, 2020 and a debenture issued by Company to the lender on September 17, 2019 that matured on December 17, 2020. Under the amended agreement the lender will only be converting the interest under the [...]
Petroteq Energy Inc. announces an intention to complete two shares for debt transactions with an arm’s length lender wherein the lender will accept an aggregate of 13,145,130 common shares of the Company at a deemed price of US$0.039 per share in satisfaction of US$512,660, representing the outstanding principal and accrued and unpaid interest up to and including December 28, 2020, under a debenture issued by Company to [...]
The Restart of Petroteq's Oil Sands Plant at Asphalt Ridge has been Rescheduled to January 2021 Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, recently announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge had been completed. Commissioning of the POSP is now also complete. The [...]
Company Says The Mining Contractor Has Already Mobilized Equipment To Site; Expects That Mining Of Oil Sands Ore Will Begin This Week Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge has been completed and commissioning of the [...]
Company Says Commissioning of the Plant Now Planned to Begin During the Week of November 30, 2020 Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge is nearing completion with commissioning of the POSP now planned to begin during [...]
Company Retains All Technology and Improvements Plus 5% Royalty on Production Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, today announced that Greenfield Energy LLC has executed a non-exclusive, multi-site license with Petroteq . Pursuant to the terms of the License, the License has been granted in consideration for the [...]
Completed Assays Show 14-18% Oil Saturations by Weight Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, today announced that assays of oil sands samples taken during a recent survey of the Petroteq lease properties have now been completed. As reported on October 29, 2020, a recent survey of the Petroteq lease properties [...]
