Petroteq Energy Inc V.PQE.H

Alternate Symbol(s): PQEFF

Energy Oil & Gas E&P

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

Petroteq Energy Inc > Looks like Viston will close the buyout on September 9th

<< Previous

Bullboard Posts

Next >>

Post by deepoil0808on Aug 04, 2022 10:36am

215 Views

Post# 34870966

Looks like Viston will close the buyout on September 9th

The latest news release is PROOF that the Viston strategy going forward is to license the PQE IP to oil companies around the world in exchange for a license fee of $ 6 million per year + royalty payment of 5% of net producing value.

PQE will become a CASH COW for Viston and they are really buying out the company for breadcrumbs.

Proof that this deal comes from Viston is that the new CEO has been found and NEEDS TO BE APPROVED BY VISTON.

I expect hundreds of such licenses from Viston going forward as each country in Europe and Middle East has realized that you better be energy independent with clean energy.

Congratulations to Everyone,

The buyout will close. SEC issues will be resolved in the CFIUS approval too, so 2 for 1.

<< Previous

Bullboard Posts

Next >>

Unique Battery Metals opportunity in Quebec