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Petroteq Energy Inc V.PQE


Primary Symbol: 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

Post by deepoil0808on Aug 08, 2022 1:01pm
178 Views
Post# 34879179

Netoil deal is a HUGE MONEY MAKER for PQE: $53,960,000

Netoil deal is a HUGE MONEY MAKER for PQE: $53,960,000We received $ 12,000,000 USD from the license yearly or, $ 16,000,000 Canadian.

Plus 5% of Net Production Revenue.

PQE IP produces fat margins of profit as cost is $ 20 per barrel of oil.

So lets say that NetOil does 10,000 barrels of oil per day per license and we get say $ 4 per barrel of oil USD as our cut, it means $ 40,000 per day * 365 days * 2 licenses * 1.30 Usd exchange = $ 37,960,000 in additional profit.

Total license deal + royalty would give $ 53,960,000.

PQE can sign up licenses around the world with oil companies. 

Multipy this amount about by 100 licenses + royalty agreements, and you get the drift on the HUGE MARKET SIZE of PQE.

And this is yearly amounts, every year.

My personal opinion,  
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