LONDON, March 7, 2018 /PRNewswire/ --
The United States is in the middle of an energy revolution. In 2018, U.S. production
will exceed 10 million barrels per day (bpd) for the first time since 1970. Included in today's commentary: Pengrowth Energy
Corp. (NYSE: PGH), Pembina Pipeline Corp. (NYSE: PBA), TransCanada (NYSE:TRP), Franco-Nevada Corporation (NYSE: FNV), Celestica
Inc. (NYSE: CLS).
The key to this transformation has been new technology: hydraulic fracturing, automation and other new methods have allowed
U.S. companies to beat the odds and out-compete the OPEC states.
But for U.S. energy to prosper, technology has to keep pushing the envelope.
That's where Petroteq Energy Inc. ( PQE.V ; PQEFF
) latest breakthrough oil sands technology comes in.
This little energy tech company is potentially sitting on top of billions in oil assets, and it's embracing the latest tech
trend to transform the industry.
Right now, Petroteq has two big licensing opportunities in oil sands and proprietary blockchain software, and it's poised to
make some huge profits if both opportunities succeed.
First, through a new, clean and innovative method Petroteq will unlock the oil sands of the Western
United States, and it is currently sitting on a field of 87 million barrels of oil equivalent : at current prices, that's worth $5.2
billion.
Second, it's brilliant blockchain subsidiary Petrobloq could add huge value if it fulfils its potential and develops a
blockchain supply chain management tool.
With plans in motion to tap into U.S. oil sands that so far have been too expensive and dirty to exploit, and the federal
government giving its full support for U.S. energy dominance, investors will want to pay immediate attention to Petroteq's bold
strategy.
Here's five reasons to give Petroteq ( PQE.V ; PQEFF
) a close look:
# 1 A "Gold Mine" in Oil Sands
Petroteq is, first and foremost, a tech company. Rather than chasing after profits in traditional upstream, midstream or
downstream sectors, the company is focused on developing bold new strategies for unlocking energy resources.
Their approach is two-fold: exploit oil that has remained untouched through unique technologies, and then license that tech on
to other firms looking to repeat their success.
One area that Petroteq is making the most progress is in oil sands extraction.
The State of Utah has more than half of all U.S. oil sand deposits, equal to 32 billion
barrels of oil equivalent (boe). So far, little has been done to develop this resource, mostly because up until now oil sands
exploitation has been dirty and expensive. The tar sands of Canada, for instance, were so dirty
and costly, some majors had to divest from the fields altogether.
But Petroteq plans to change that. It's bought the rights to exploit a huge deposit of an estimated 87 million
boe equivalent of bitumen in eastern Utah. The field has excellent access to local
infrastructure, and once planned production begins in earnest Petroteq should have no problem in moving the oil to markets.
At current oil market prices, the field's oil has gross value of up to $5.2 billion. That's big
news, for a company with a $85 million market cap.
Moreover, the oil locked away in Utah oil sands is of major significance to President
Donald Trump's $1.5 trillion infrastructure plan.
With much of that plan focused on rebuilding and repairing America's crumbling bridges and roads, demand for diesel fuel
(necessary for road-building rigs) will likely spike. Oil sands also produces a lot of bitumen, which is needed for road
construction.
Utah's oil sands are easy to access, with much of it less than 400 feet below the
surface.
To overcome barriers to safe and profitable oil sands exploitation, Petroteq has developed proprietary methods that could
revolutionize how dry oil sands production is practiced. The company's unique Liquid Extraction System unlocks oil sands deposits
without producing a lot of excess waste.
Petroteq (PQE.V; PQEFF) can make oil sands marketable: per barrel costs are expected to come in as low
as $22 . The process is so clean, climate activists will find nothing to complain about.
Petroteq acquired Asphalt Ridge for $10 million and immediately began experimenting with its new
tech. In 2015 10,000 barrels were produced, and currently Petroteq is able to squeeze one barrel for every ton of sand, with
excess sand carrying only negligible amounts of residuals, well below environmental standards.
By the end of March the company expects to produce 1000 bpd. The plan is to reach 5,000 bpd by 2019.
Once the tech has been fully tested and proven economic, Petroteq's next step will be looking to license it out to other firms
eager to apply it to dry oil sands fields all over the world.
#2 Licensing Opportunities in Oil Sands
The potential for mass application of Petroteq's ( PQE.V ; PQEFF ) new
technology is vast. Canada alone has 100 billion boe of oil sands, and worldwide reserves are
estimated at 500 billion boe.
Utah, Colorado and Wyoming
together hold about 1.2 trillion boe in oil sands and shale, worth a combined $72 trillion at
current market prices.
Canada has $6 trillion worth of oil sands that are ripe for
safe, inexpensive exploitation through Petroteq's new methods.
If it can license its methods in other countries, Petroteq could see this side of its business explode.
#3 Petrobloq
Petroteq's ( PQE.V ; PQEFF ) second energy tech advance is in
blockchain. It's where the industry is headed and it could change it forever.
Technology originally used to support cryptocurrencies like Bitcoin, blockchain solutions are now being applied across
multiple industries.
The tech basically works to ensure secure transactions between parties without a lot of third-party involvement: verifications
are done through blockchain technology. Deals that take weeks instead take hours, or even minutes, to secure. And there's no need
for expensive middle-men.
And now, oil and gas could get in on the action.
Majors like BP, Shell and Statoil are pursuing blockchain solutions. Their goal is to create a secure, real-time
blockchain-based digital platform, one that can manage real-time energy transactions without all the hassle, paperwork and
inefficiency of traditional deals.
Deloitte released a report outlining all the possible ways blockchain could be applied to oil and gas.
Petroteq has fashioned its own innovative blockchain tech for managing supply chains: "Petrobloq."
The major problem Petrobloq is designed to tackle is the difficulties oil and gas companies encounter when putting together
supply chains in constantly changing geopolitical conditions and shifting regulations. Services to streamline such efforts cost a
lot, and costs can multiply at times when prices are low. That really takes a bite out of profits.
In January Petroteq reached an agreement with Pemex, the Mexican state-owned oil company. Through its Petrobloq subsidiary,
Petroteq will put together a supply chain management system for Pemex that could radically improve efficiency.
Once it's been built up, Petrobloq is planned to function as a digital ledger for oil and gas transactions, one that could
become widely-used throughout the energy industry.
And Petrobloq has already attracted attention: it was recently cited by Geoffrey Cann, director
at Deloitte specializing in oil and gas, as a contender for best blockchain tech in the energy sector.
The biggest names in the industry are getting ready to fully embrace blockchain, which puts Petroteq and its new technology in
a unique position.
Petrobloq is planned to have the capacity to act as a central ledger for thousands of oil and gas transactions, with unique
tokens used for exchange.
#4 Management Team
The management at Petroteq (PQE.V; PQEFF) is a cut above the rest: they know the energy sector and the
world of blockchain intimately.
CEO and Chairman Alexsander Blyumkin has invested millions in the business, including an
interest-free loan for the production facility at Temple Mountain in Utah.
CTO Dr. Vladimir Podlipskiy is a 23-veteran of chemistry, manufacturing and R&D. He's an
expert on extraction, and has pioneered the company's innovative solution for oil sands production. He's already secured patents
for a variety of different methods.
President Dr. R. Gerald Bailey, the former Exxon president of operations in the Arabian Gulf,
is dedicated to environmental protection: he firmly believes in Petroteq's mission to extract oil sands in a clean and affordable
way.
#5 Tech Energy
Petroteq ( PQE.V ;
PQEFF ) is unlike any other energy
tech company out there. It's sitting on top of unique oil sands extraction technology AND a planned revolutionary
blockchain-based supply chain platform that could drastically cut costs for the energy industry
And Petroteq doesn't need to take on the risks normally associated with oil and gas or blockchain ventures.
Instead, the company can license out its tech to other companies.
Oil sands extraction could be worth trillions. Petroteq itself is sitting on an estimated 87 million boe bitumen, worth
$5.2 billion if extracted as oil and sold at today's market. But once its tech starts to expand
worldwide, the company's assets could be worth a whole lot more.
Think of it like this: 500 billion boe trapped in oil sands is worth $30 trillion. And if proven
to be successful, only Petroteq's method is thought to be cheap and clean enough to unlock that oil.
Plus, that heavy oil could soon be in high demand. That means Petroteq will be extracting oil at a targeted $22 in costs, and should be able to sell at world $60 prices, which may even
climb to $70 or higher.
The potential for blockchain licensing is even greater. Petroteq already has a deal with Pemex, Mexico's largest energy company, and once developed, the Petrobloq platform is being designed to act as a
digital ledger for thousands of oil and gas transactions.
That makes energy tech company Petroteq (TSX: PQE.V; OTCQX: PQEFF) unique. The company has embraced the
blockchain revolution, and is sitting on huge potential.
Other companies using tech to transform the oil industry:
Pengrowth Energy Corp. (NYSE: PGH): Another company that looks to have halted its falling stock price and is now preparing
to ride the bullish sentiment in oil markets. Having shed a lot of excess weight this year in massive asset selloffs, investors
can expect a much leaner and meaner Pengrowth in 2018.
Pembina Pipeline Corp. (NYSE: PBA): The North American pipeline industry has had a tough year, but the recent approval of
the Keystone XL pipeline route and the growing need for transportation capacity should act as a boon for the sector. Pembina
Pipeline Corp. has ridden the oil price crash in an impressive manner, maintaining a good stock price and increasing its
dividend.
TransCanada (NYSE: TRP): is a major oil and energy company based in Calgary, Canada. The
company owns and operates energy infrastructure throughout North America. TransCanada is one of
the continent's largest providers of gas storage and owns and has interests in approximately 11,800 megawatts of power
generations.
Franco-Nevada Corporation (NYSE: FNV) specializes in securing precious-metal streams, but the company also works in the
oil and gas industry. With key assets in some of North America's most desirable oil and gas
plays, including Texas, Oklahoma and Alberta, it is clear that the company has amazing potential in the coming years.
Celestica Inc. (NYSE: CLS) is a manufacturer of electrical devices used in IT, telecommunications, healthcare, defense and
aerospace industries. The company has seen strong growth YoY which we expect to continue as the sales expectations are almost 3%
better than last year's.
While many investors thought the stock was overvalued after a stellar run in 2016, the recent correction and volatility in the
stock has attracted new buyers and the stock has recovered since.
By. Ian Jenkins
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks. Forward looking statements
in this release include that PETROTEQ will be able to produce oil as currently scheduled, at the rates of production announced
and at the targeted low prices from its Utah property; that PETROTEQ will successfully develop a
blockchain supply chain solution for the oil industry; that it will have customers and contracts for its supply chain technology;
that PETROTEQ will find licensees for its; and that blockchain technology will help PETROTEQ create a supply chain management
system which can handle all transactions. Risks that could change or prevent these statements from coming to fruition
include that the Company's patents and other technology protection are not valid; production of oil may not be cost effective as
expected, technology development costs may be much higher than expected, there may be construction delays and cost overruns at
the production plants;, PETROTEQ may not raise sufficient funds to carry out its plans; blockchain technology may not be
developed to be as useful as expected and PETROTEQ may not achieve its business plans; competitors may offer better technology;
and despite the current expected viability of its projects, that the oil cannot be economically produced with its technology.
Currently, PETROTEQ has no revenues.
DISCLAIMERS
PAID ADVERTISEMENT. This communication is a paid advertisement and is not a recommendation to buy or sell securities.
Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") has
been paid by the profiled company to disseminate this communication. In this case the Company has been paid by PETROTEQ
seventy thousand US dollars for this article and certain banner ads. This compensation is a major
conflict with our ability to be unbiased, more specifically:
This communication is for entertainment purposes only. Never invest purely based on our communication. We have been compensated
by PETROTEQ to conduct investor awareness advertising and marketing for TSXV:PQE and OTCQX:PQEFF. Therefore, this communication
should be viewed as a commercial advertisement only. Frequently companies profiled in our alerts experience a large increase in
volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness
marketing ceases.
The information in our communications and on our website has not been independently verified and is not guaranteed to be
correct.
SHARE OWNERSHIP. The owner of Oilprice.com owns shares of this featured company and therefore has an additional
incentive to see the featured company's stock perform well. The owner of Oilprice.com will be buying and selling shares of this
issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your
financial advisor or a registered broker-dealer before investing in any securities.
NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to
give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment
professional before making an investment. This communication should not be used as a basis for making any investment.
INDEMNIFICATION/RELEASE OF LIABILITY. By reading this communication, you agree to the terms of this disclaimer. You
further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investing is inherently risky. Don't trade with money you
can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities.
DISCLAIMER: OilPrice.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and
news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT
affiliated in any manner with OilPrice.com or any company mentioned herein. The commentary, views and opinions expressed in this
release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or
opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated
companies are a news dissemination and financial marketing solutions provider and are NOT a registered
broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was
not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned",
"will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual
report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should
consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to
update such statements.
Contact Information:
Media Contact
e-mail: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
SOURCE OilPrice.com