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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

Bullboard Posts
Comment by BlueMetal75on Aug 19, 2019 2:27pm
59 Views
Post# 30043825

RE:RE:Something else to keep in mind

RE:RE:Something else to keep in mind
Teakbois wrote: The results will not be stellar until tested and proven stellar. Production is one thing, results is another...........

Due to the reservoir characteristics and the shallow, mining related geophysical structures, there is a degree of uncertainty in the potential oil in place and recoverable calculations.


Regarding your first sentence, I agree. Talk is cheap, and it's the actual results that will determine the future of PQE. No question there. But I just wanted to get across the fact that this summer-long upgrade and retrofit of our plant is a BIG deal. And that as a result of it, we should reasonably expect much better results when production resumes (as compared to last Spring's production). But in the end, of course, the proof will be in the pudding.

As far as your second sentence, I think you need to go back and re-read the PR more carefully. That description has nothing to do with our production at Asphalt Ridge. It's actually describing the property of the un-named Asian company whose oil shale we have been testing in the lab.
Bullboard Posts