QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Review, Verification of Proprietary Tech by Third-Party Firm
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil company focused on the development and implementation of its proprietary oil-extraction technologies, has announced results of a third-party review of its operating data, process simulation data and Front End Engineering and Design (“FEED”) study. The review was conducted by Kahuna Ventures LLC, an engineering firm that provides engineering, design and full-project execution services to midstream oil and gas limited partnerships. The technical review indicates production costs of an estimated $22 per barrel of oil produced, and the FEED study includes a production train capable of processing 5,000 barrels of oil…