Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Acquires Additional 1,312 Acres near Asphalt Ridge Heavy Oil Extraction Facility
Company has acquired 1,312 additional acres adjacent to its Asphalt Ridge heavy oil extraction facility in Utah Acquisition brings company’s total contingent resources to 2,541 leased acres and 87.49 million barrels of mineable oil sands Full production at Asphalt Ridge is slated for 2019 Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) (FRANKFURT: A2DYWC), a fully integrated oil and gas company focused on developing and implementing a proprietary new oil extraction technology, has announced the acquisition of additional acreage in Utah’s resource-abundant Uintah Basin. At auction, Petroteq finalized the acquisition of a 100 percent interest in two leases totaling 1,312 acres…