TSXV:PQE.H - Post by User
Post by
BlueMetal75on Sep 24, 2020 10:10am
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Post# 31610793
Nice PR today
Nice PR todayHighlights:
* All engineering and design changes for the restart of the Petroteq Oil Sands Plant (POSP) at Asphalt Ridge are now complete.
* The bulk of the needed new equipment will arrive in the next "couple weeks", with everything arriving sometime next month.
* Construction at the POSP, in anticipation of the arrival of the new equipment to be installed, is ongoing.
* So, we are on track for a restart of the POSP sometime in Nov. We will be targeting an average production of 400 bpd, with a goal of 500 bpd.
* By end of the year, we should be able to bring into play Quadrise's MSAR technology at the POSP, which will add value to our product. There will be an initial testing period to see if MSAR plays well with our product.
* Valkor will manage the POSP, on behalf of Petroteq.
So, there you have it. Sounds like it's about the most positive news we could possibly expect right now, given where we are.
Maybe Petroteq is about to rise from the dead? Will be interesting to see where we are come 1Q2021.