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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 deepoil0808on Aug 26, 2022 3:08pm
215 Views
Post# 34923278

Easy fix w/o CFIUS

Easy fix w/o CFIUSVery easy fix to CFIUS problem.

Once PQE is assured of available funds have them playball with Vistion.

PQE will divest of Utah license to Cantone for $20 million payable over 5 years.   PQE will close California office.

With no office or operations in USA buyout can proceed.

1 year later Cantone sells back to PQE Utah license at a profit.  The respective IOU'S get cancelled out.  Given that there is no sale of Amrrican company no CFIUS review for license sale.

Easy solution without headache.

My personal opinion.
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