Petroteq Energy Inc. PQEFF Archives - Page 2 of 18

TuesdayJun 29, 2021 1:38 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FRANKFURT: PQCF) Extracted Oil Tagged and Gauged by Buyer; Company Enters Non-Exclusive Multi-Site License Agreement

Greenfield Energy, a joint venture between TomCo Energy and Valkor, has entered a non-exclusive multi-site license with Petroteq Under the agreement, the company will receive a 5% royalty of all net revenues for oil sands plants built by Greenfield with the Petroteq License The company’s patented and proprietary technology for heavy oil extraction is sustainable, environmentally friendly, and cost-effective Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FRANKFURT: PQCF), an oil company focused on developing and implementing its proprietary oil extraction and reclamation technologies, has announced that 250 barrels of oil produced at the company’s oil sands plant at Asphalt Ridge (Utah)…

WednesdaySep 16, 2020 12:40 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. ‎(TSX.V: PQE) (‎OTC: PQEFF) (FSE: PQCF) Announces Completion of Study, Confirmation of Technology’s Lower Costs and Increased Capabilities

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 completed a Pre-FEED (preliminary) design for a proposed 5,000 bopd oil sands plant (single train). The study, conducted by Crosstrails Engineering LLC, a subsidiary of Valkor LLC, confirmed that an initial 5,000 bopd train can be constructed using conventional oil processing equipment at an estimated cost of $92.5 million. The study also noted that the same design, in a 2-train configuration, can be used for a proposed 10,000 bopd oil sands plant in Eastern…

ThursdaySep 03, 2020 12:55 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Proposed Arrangement with Arm’s-Length Lender, Affiliate

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 a proposed arrangement with an existing arm’s-length lender and its affiliate. Under the agreement, the lender will exercise existing warrants of Petroteq Energy for a minimum of US$61,050 in gross proceeds to the company, which it would use to pay accrued and unpaid interest on three existing convertible debentures of the company held by the affiliate. The transactions addressed in the update are subject to completion and execution of definitive agreements and all necessary approvals,…

WednesdayAug 26, 2020 9:59 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Issues Shareholder Update

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 released a shareholder update regarding recent ‎transactions relating to the company. Among other highlights, the update discussed Petroteq’s entry into an agreement with Valkor Energy Services LLC. Under the agreement, Valkor will assume responsibility for the management and operations of Petroteq’s existing oil sands plant at Asphalt Ridge, Utah. Valkor, together with its joint venture partner, Tomco Energy plc, ‎are upgrading Petroteq’s existing oil sands plant to increase capacity and reliability for continuous ‎operations at 400…

TuesdayAug 18, 2020 11:07 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Hires COO with Depth, Decades of Experience

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, announced that it has hired George Stapleton as its new chief operating officer. Stapleton brings with him more than 40 years of experience in the areas of design, construction, fabrication and project management for onshore and offshore plant and energy infrastructure-related projects. In his new role, Stapleton will manage all engineering, planning, procurement, project management and day-to-day operations for Petroteq. “Mr. Stapleton’s recruitment is certainly a most fortuitous event for Petroteq,” said PQEFF chairman Alex…

FridayAug 14, 2020 2:31 pm

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Additional Debt Conversions, Equity Investment

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 Valkor Engineering has agreed to settle the remaining portion of its debt with the company, namely, US$700,000, through the issuance of 11,666,666 common shares of the company, each at a deemed price of US$0.06. According to the update, including the shares for debt transaction between Valkor and Petroteq announced on July 20, 2020, upon closing of both transactions, Valkor would hold 60,624,666 common shares of the company representing 19.92% of all of its…

ThursdayJul 30, 2020 9:59 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces New Financing, Amendment to Securities and Shares for Debt

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, on Wednesday announced the receipt of an irrevocable subscription agreement from an arm’s length lender. According to the update, the agreement was for a $150,000 principal amount (including a 20% original ‎issue discount) convertible debenture and warrants exercisable for up to ‎3,033,980‎ common shares ‎of the company at $0.0412 per share for 12 months. The debenture will bear no interest and have a term of 12 months. At the holder’s option, the purchase price of the debenture…

MondayJul 20, 2020 9:54 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Significant Investments

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 both Valkor Engineering and Petroteq’s Chairman Alex Blyumkin have agreed to invest in the Company at a premium to the public market price of its common shares. According to the update, Blyumkin has delivered an irrevocable subscription agreement for US$600,000 for 15,000,000 common shares of Petroteq, each at a price of US$0.04 – a 20% premium to the current market price. In addition, Petroteq’s strategic technology partner, Valkor Engineering, has agreed to complete a…

MondayJul 06, 2020 10:32 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Issues Correction to Shares For Debt Details

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) on Friday announced a correction to the shares for debt details from its June 12 and 24, 2020 news releases. According to the update, the Company has executed shares for debt agreements, pursuant to which it will issue an ‎‎aggregate of 7,582,502 common shares in satisfaction of US$304,309 (including accrued interest) of indebtedness currently owed to six ‎arm’s ‎length creditors. All ‎shares issued pursuant to these transactions are subject to approval of the TSX Venture Exchange. To view the full press release, visit http://ibn.fm/KEFh2 About Petroteq Energy Inc. Petroteq is a fully integrated clean…

ThursdayJul 02, 2020 10:37 am

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Plans for Asphalt Ridge Following Valkor and TomCo JV

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, noted today’s earlier announcement issued by TomCo Energy PLC. Per the update, following the establishment by TomCo of a joint venture company, Greenfield Energy LLC (“Greenfield”) with Valkor LLC (“Valkor”) on June 17, Greenfield will take over the management and operations of Petroteq's oil sands plant at Asphalt Ridge, Utah (the “POSP”). As indicated in TomCo’s announcement, Greenfield intends to make certain upgrades to the POSP and undertake tests to assess its potential commerciality. Valkor remains party…

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