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ThursdayAug 12, 2021 1:38 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Success of Continued Testing, Sale of Additional Load of Oil

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 noted that the success of its ongoing testing in its Asphalt Ridge extraction plant has led to the production and sale of oil from this multi-sourced ore. The testing is on ore from various sources, with varying oil quality that ranges from 5 to 10 weight percent; the testing confirmed that Petroteq’s plant could handle the variations of ore source. Subsequently, the company produced a load of ore that was sold on Aug. 6, 2021. The announcement…

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MondayAug 09, 2021 8:30 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Names Interim CEO, New Director

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil ‎company focused on the development and implementation of its proprietary oil-‎extraction ‎technologies, recently announced new management appointments. The changes come as a result of the resignation of Alex Blyumkin, who was founder of Petroteq and has served as an officer and director. The company has announced that the board of directors has appointed R G Bailey as interim CEO. Bailey is currently serving as a director and is a former CEO of the company. In addition, the board also appointed Vladimir Podlipsky, current chief technology officer, as a company director.…

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WednesdayAug 04, 2021 2:56 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Update on Form 10-Q and New Subscription

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, today provided an update on the status of the company's filing of its quarterly report on Form 10-Q (and related certifications) (the "documents") for the period ended May 31, 2021. Petroteq anticipates that it will be in a position to file the documents by Friday, August 13, 2021, which is ahead of the timeframe the company previously announced anticipated filing of the documents on or about September 10, 2021. According to the update and subsequent to…

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MondayAug 02, 2021 10:23 am

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…

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WednesdayJul 28, 2021 10:14 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Completion of FEED Study for Plant Employing CORT Process

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that the Front End Engineering and Design (“FEED”) Study for a proposed 5,000 barrels of oil per day (“bopd”) production facility employing Petroteq’s Clean Oil Recovery Technology (“CORT”) process has been completed by Crosstrails Engineering LLC. The study is expected to be delivered to Petroteq later this week. This FEED encompasses a production train capable of processing 5,000 bopd from mined oil sands ore. Petroteq anticipates that this FEED can become the starting…

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TuesdayJul 27, 2021 10:44 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Contact from Uppgard Konsult AB

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that its securities counsel has been contacted by the client of Uppgard Konsult AB, (the “bidder”), through legal counsel. The update clarifies that, while there is no guarantee that any discussions will result in any meaningful discussions or a transaction, the company has advised the bidder 's Canadian counsel that it is open and willing to initiate discussions. To view the full press release, visit https://ibn.fm/6Izni About Petroteq Energy Inc. Petroteq is an integrated oil…

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FridayJul 16, 2021 12:48 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), Uppgard Konsult AB Release Update on Share Purchase Initiative

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) and Uppgard Konsult AB have announced the signing of an engagement letter with a well-known, Canada-based, international law firm that specializes in the field of mergers and acquisitions as well as in the energy sector in general and oil and gas in particular. The agreement outlines assistance with regards to Uppgard Konsult AB’s takeover bid and tender offer for shares in Petroteq Energy in Canada. Uppgard Konsult AB has officially offered to purchase up to 200 million shares of Petroteq at 0.50 euro per share, subject to Uppgard Konsult AB's terms and…

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TuesdayJul 13, 2021 10:19 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (‎OTC: PQEFF) (FSE: PQCF) Announces Financings, Investment by CEO

Petroteq Energy (TSX.V: PQE) (‎OTC: PQEFF) (FSE: PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, has received irrevocable subscription agreements totaling $2,144,999.92 in gross proceeds for the company. The agreements consist of 17,874,996 units of the ‎company offered at $0.12 per unit, with a unit including one common share of the company and one transferable common share purchase warrant; each warrant also ‎‎entitles the holder to acquire one ‎additional common share of the company, which will be offered ‎at $0.12 ‎per share. According to the announcement, the financings include a…

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TuesdayJul 06, 2021 9:15 am

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Extracted Crude Sold at WTI Price; Samples Shipped to UK for Testing

The buyer loaded an initial 200.52 barrels of heavy crude and paid WTI pricing of $70.91 per barrel of crude oil produced at the company’s Asphalt Ridge facility Samples of the Asphalt Ridge crude are being sent to Quadrise Fuels International Plc in the UK for assessment to determine if it is suitable for the British company’s proprietary technology Petroteq and Greenfield are working with a local drilling fluids company for the identification of customers for the clean sand produced for use as a potential frac sand Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil company focused on developing and…

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FridayJul 02, 2021 9:26 am

QualityStocksNewsBreaks – Petroteq Energy Inc. ‎‎(TSX.V: PQE) (‎OTC: PQEFF) (FSE: PQCF) Outlines Planned Debt Conversions

Petroteq Energy ‎‎(TSX.V: PQE) (‎OTC: PQEFF) (FSE: PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, plans to complete debt conversion transactions. According to the announcement, the transactions will involve two arm’s length lenders, to which PQEFF will issue 2,333,176 common shares for $0.094 per share. The transactions will be in satisfaction of $219,318.33, representing both accrued and unpaid interest under previously issued convertible debentures. The company also plans to complete debt conversion transactions with four directors and one former director. Those transactions will involve an additional 862,456 common shares offered…

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