QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Increases Oil Sands Resource by Strategic Acquisition
Oil and gas industry technology developer Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) recently announced that it is strategically expanding its oil sands resource through the execution of a definitive agreement to acquire an extra 50% of the operating rights and interests concerning oil sands in the state of Utah, under U.S. federal oil and gas leases. An article discussing the agreement reads, “The U.S. federal oil and gas leases encompass approximately 8,480 gross acres (4,240 net acres), the company said in a news release (http://ibn.fm/1YaWA). This acquisition, as well as the previous one carried out by Petroteq for 50% of the…