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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 > Petroteq & Valkor
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Comment by stockshackon Sep 27, 2022 10:27am
105 Views
Post# 34989208

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Petroteq & ValkorAll true, there's bound to be hiccups. My money is on them being successful.
HayField wrote: This growth plan appears to be old - e.g. under Phase 2 it says FEED due to complete Q2 2021 instead of saying FEED completed June 2021 ... the FEED has been completed and a report produced saying, if I remember correctly, that it does work and it even estimated how much it would cost to build a 5,000 bpd plant ... what we need now is a new plan - where will they get the money to pay for builidng this 5,000 plant, when will they start building the plant and when will it finish and do they have the permit they need to produce oil (think there were permitting issues when they ran the 'proof of technology' plant). Until they issue a new plan I don't expect any upward movement in the share price ... unless there are more companies who sign up to license the technology, build their own plants and pay royalties ... and so far they have announced a couple of these but no revenue from them yet.


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