Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Secures Financing, Sees Positive Movement in Bid to Increase Production
The global oil shale market is estimated to reach $5.63 billion by 2025, registering a CAGR of 16.7 percent from 2018 to 2025; the U.S. market is expected to grow at a 27.1 percent CAGR during the same period Petroteq’s proprietary, environmentally friendly, closed-loop Clean Oil Recovery Technology (CORT) process significantly lowers capital construction and production costs and eliminates the need for polluting tailings ponds The company has secured financing for its extraction technology in Asphalt Ridge, Utah, and for working capital purposes Petroteq is advancing plans to expand production at Asphalt Ridge to 3,000 barrels per day Petroteq Energy…