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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

Post by hintonkidon Oct 05, 2021 9:33am
244 Views
Post# 33966276

We should be hearing from Uppgard Konsult AB, soon.

We should be hearing from Uppgard Konsult AB, soon.It just dawned on me, this morning, that we haven't heard any news from Uppgard Konsult AB in regard to their client's proposed aquisition of PQE.  If I recall, they wanted to hear from European holders of PQE shares by the end of September and we haven't heard, from them, either, about what ever offer they might put forth to North American share holders in regard to the aquisition.  Have European shareholders told them what they can do with their offer because they feel that the offering bid is simply too low and that they would be better off holding on to their shares for the longer term especially now with the expectations of $100.00 per barrel oil by the end of this year and market projections of as high as $200.00 per barrel going into the first or second quarter of 2022.  I wonder what's happening?
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