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Petroteq Energy Inc V.PQE.H

Alternate Symbol(s):  PQEFF

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

Comment by ScarletSpideron Sep 27, 2022 12:45am
127 Views
Post# 34988520

RE:RE:RE:RE:RE:RE:Petroteq & Valkor

RE:RE:RE:RE:RE:RE:Petroteq & Valkor
stockshack this is great to know because like I said I tripled my holdings here. Would you kindly share where in the company's news release this is stated I may have missed it. Please folks no outside articles just direct press releases because people who write articles tend to exaggerate the press and distort the claims. Now the point I was trying to make is if the company is stating it is viable possible and expect vs it is because the key pieces that seem to be missing are the connective tissue between using the proprietary solvent with the other machines which break down the ores. I have been going over and over the press releases and haven't quite found it yet. The news releases seem to talk about conventional ore processing as well as adding equipment which can break and separate ores further where the oil is extracted and then the sand being clean enough and sold to be used. My difficulty so far with all the news releases going as far back as March 2018 is that the company seems to be talking a lot on conventional oil extraction processes and trying to ramp up to the 5000 barrels per day and giving all the calculations of that resulting ultimately in $22 a barrel of oil. I have yet to find where the solvent has been used and breaking the ores down further where the oil and the sand ore are separated that is the key part missing here and whether the Clean Oil Recovery Technology Corts actually works to any fundamental level. Enviroleach works in a similar manner where the company is looking to replace cyanide and other toxic materials with their environmentally safe solvent and their is elimination of toxic tail ponds etc. What was being found with that was the pieces of gold ores would need to be pulverized quite a bit but t was hoped that would not be the case as the complaint was if the ores are almost smashed to where they are the costs to run the equipment did not seem to be much different using enviroleaches process although if fully proven and it could save from using the toxic chemicals that would be huge but it looks to be that given that the company that was testing found that the process was nearly to advance refining enviroleaches tech may not appeal that much on a cost basis. So yes it is possible that these solvents will work to some extent but these plants require intensive energy and pressure that generates lots of co2 while doing so as well as lots of money to run. That said if you can still save on environmental impact 8n terms of waste water tailings that is huge and have the granules of the crushed ores clean and sellable that is big too. I don't know where the company actually used the solvent to show its separation process and if they did whether that was verified that is the missing piece for me. So far I see lots of other info trying to systematically get there. I actually just bought in when this collapsed to .145 and kept averaging down so I am fairly new trying to make heads and tails of this all. Now the claims seem to be properly stated so to that extent I will walk back saying that because I don't see any oil produced as to assessing the news release using CORT it isn't fraud in any claims that it is it doesn't appear the company ever said that. As far as proven I am not sure the company said that either as of yet but outside articles did saying the company has a closed loop system. If the company in fact said it is proven that will be misleading and potentially fraudulent but as far as I am reading they never did. As far as things being verified as I stated in one post it looks like they are being verified based off of estimates projections supposition and simulation so this again is a relative truth as far as I am concerned. It is possible this can work as I had mentioned about Enviroleach eti but can it be cost effective enough and warranted to bring in well that is what the company believes is the case. I will need to dig further make sense of all the news releases. Like I said I am not here to promote or not the company or say what I or others need to do with the shares. I am simply trying to get at facts so I may be wrong in what I said and if I am I will walk them back. I am also only interested we loom at the facts and try to make sense of this through company only press as outsides sources tend to exaggerate claims. Good luck all
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