Petroteq Energy Inc. is pleased to announce that processing operations at its oil sands plant at Asphalt Ridge has been restarted after a suspension of operations following receipt on 14 May 2021 of a Cessation Order from Utah's Department of Oil, Gas and Mining. One concern articulated in the CO dealt with the processing of offsite oil sands ore [...]
Petroteq Energy Inc. announces that on May 19, 2021, Petroteq received emails from several European shareholders advising the Company that their brokers had informed them they had received what appeared to be an offer to purchase shares of Petroteq. In addition to being advised of this offer, the Company was directed to Bundesanzeiger, an official [...]
Petroteq Energy Inc. is pleased to announce that its oil sands plant at Asphalt Ridge has been restarted after a shutdown to allow for certain additional enhancements that were required to be made to the POSP in order to allow for a more efficient and optimised extraction process. The required additional equipment has now been successfully [...]
Petroteq Energy Inc. is pleased to announce that it has received irrevocable subscription agreements for gross proceeds of US$130,000 for an aggregate of 2,666,665 common shares of Petroteq at a price of US$0.06 per share. The subscriptions include a US$70,000 subscription from Mr. Alex Blyumkin, an officer and director of Petroteq, for 1,666,666 [...]
Petroteq Energy Inc. is pleased to announce that the restart of its oil sands plant at Asphalt Ridge is currently proceeding more or less as planned. The Company received its mining permits earlier this month as expected. The POSP has since been started and is processing ore. As at the close of business on January 22, 2021, the POSP had produced [...]
Petroteq Energy Inc. announces an amendment to the agreement it announced on December 28, 2020 with an arm’s length lender in respect of a debenture issued by Company to the lender on July 19, 2019 that matured on October 19, 2020 and a debenture issued by Company to the lender on September 17, 2019 that matured on December 17, 2020. Under the [...]
Petroteq Energy Inc. announces an intention to complete two shares for debt transactions with an arm’s length lender wherein the lender will accept an aggregate of 13,145,130 common shares of the Company at a deemed price of US$0.039 per share in satisfaction of US$512,660, representing the outstanding principal and accrued and unpaid interest up [...]
The Restart of Petroteq's Oil Sands Plant at Asphalt Ridge has been Rescheduled to January 2021 Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, recently announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge [...]
Company Says The Mining Contractor Has Already Mobilized Equipment To Site; Expects That Mining Of Oil Sands Ore Will Begin This Week Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, announced that work to upgrade the capacity and reliability of its [...]
Company Says Commissioning of the Plant Now Planned to Begin During the Week of November 30, 2020 Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge is [...]
Company Retains All Technology and Improvements Plus 5% Royalty on Production Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, today announced that Greenfield Energy LLC has executed a non-exclusive, multi-site license with Petroteq . Pursuant to the [...]
Completed Assays Show 14-18% Oil Saturations by Weight Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, today announced that assays of oil sands samples taken during a recent survey of the Petroteq lease properties have now been completed. As reported [...]