QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Tapping Utah Reserves with Innovative Extraction Technology
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is leveraging its innovative technology to tap into Utah oil reserves. An article discussing the company states, “Petroteq’s production focus is on its heavy oil extraction plant in Asphalt Ridge, Utah. The company holds a mineral lease that covers more than 3,000 acres with oil sands reserves estimated at 87 million barrels of oil equivalent. Petroteq has recently expanded the production capacity of its Asphalt Ridge plant from 250 to 1,000 barrels per day (bpd) by debottlenecking the facility and deploying its innovative oil sands extraction technology. The company has the capability to…