QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Finalizes Acquisition of 50% Operating Rights, Interests in Utah
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas industry technology innovator, recently finalized its acquisition of 50% of the operating rights and interests relating to oil sands in the state of Utah under the U.S. federal oil and gas leases. The acquisition, which covers 8,480 gross acres, or 4,240 net acres, is expected to help increase the company’s cash value (http://ibn.fm/tDmGd). An article further discussing the company reads, “Through the acquisition of the additional operating rights announced on July 22, Petroteq is expected to increase its cash flow value. One of the leases, P.R. Spring, is believed to…