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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

Comment by Bubula50on Jun 21, 2022 11:55am
122 Views
Post# 34771476

RE:RE:RE:CFIUS steps used to assess National Security Risks

RE:RE:RE:CFIUS steps used to assess National Security Risks
deepoil0808 wrote: The past CEO is no longer there and has made restitution to PQE + is fined.    In addition this has no relevance on CFIUS review. 

CFIUS is looking at the new buyer VISTON and, not at PQE the seller nor its management.   CFIUS has to determine whether VISTON is a national security threat to the USA.

Unless if I am missing something, I do not see any US National Security threat coming from VISTON.   VISTON is as clean as they come.

I am of the view that CFIUS will approve the transaction by July 7th.    The rest of the transaction will easily close once this step is done. 

My personal opinion, 


Expected this to be sorted at beginning of year, dragging on but nothing negative it seems.
Looks like loose ends are being tied but still am waiting with cautious optimisim :o)

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