Petroteq Energy Inc V.PQE.H

Alternate Symbol(s): PQEFF

Energy Oil & Gas E&P

Petroteq Energy Inc. is a clean technology company. The Company is focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The Company's subsidiary, Petroteq Energy CA Inc. (PCA), is engaged in the business of exploring for, extracting and producing oil and hydrocarbon products from oil sands deposits and sediments located in the Asphalt Ridge area of Uintah County, Utah. The Company specializes in oil production with ancillary offerings in mining and sand remediation. The Company's clean oil recovery technology (CORT) is used at its Asphalt Ridge Plant to extract and produce crude oil from oil sands utilizing a closed-loop solvent-based extraction system.

TSXV:PQE.H - Post by User

Petroteq Energy Inc > Very lucrative deal for Viston: more or less 286% return

<< Previous

Bullboard Posts

Next >>

Comment by GassXXon Jun 17, 2022 2:11pm

66 Views

Post# 34765266

RE:Very lucrative deal for Viston: more or less 286% return

deepoil0808 wrote:
Per PQE presentation:

Net profit from 10,000 barrels per day is $ 87,500,000 USD (at sale price of $ 70 per barrel of oil)

Life of projet is: 20 years

Total profit from this project: $ 1,750,000,000 USD

Cost of this project to Viston:

- Acquisition of PQE $ 420,000,000 USD
- plant upgrade to 5,000 bpd 90,000,000
- plant upgrate to 10,000 bpd 100,000,000
Total cost $ 610,000,000

We must not forget that Viston will then own the patented technology and they will be able to repeat this succes with other oil sand projects, so rinse and repeat.

Also their profit numbers are much because oil is $ 120 per barrel and, not $ 70 per barrel of oil

My personal opinion