Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Continues to Bet on Oil with Patented Extraction Technology
Solvent mixing process extracts bitumen without creating greenhouse gases, wastes Petroteq to begin commercial production this year as it ramps up output Company’s Utah lease believed to hold 86 million barrels of extractable oil The commercial exploration and extraction of petroleum distillates to feed the world’s fuel needs has been a vital industry for some 160 years, and it shows no sign of abating “anytime soon,” according to Raymond Gerald Bailey, president of Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF), the developer of patented technologies that facilitate the environmentally friendly extraction and processing of oil. Petroteq’s proprietary extraction process uses…