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Posted On: 06/01/2018 7:54:56 PM
Post# of 252
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Posts Update on Heavy Oil Extraction Facility
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) this morning provided an investor update regarding the progress at its Asphalt Ridge heavy oil extraction facility. Per the update, slight logistic issues concerning construction and electrical material have temporarily delayed the project by a two to three-week time frame. “Petroteq’s project is going exceedingly well, notwithstanding minor logistical issues have created a slight schedule push the facility should be in full commissioning and start-up operations in the second and third week of June,” Petroteq CEO David Sealock stated in the news release. “Because we are on track to initiate operations prior to the end of Q2 2018, I am delighted that the full financial impact of 1,000 BOD/day production will be realized by Petroteq in the second half of 2018. This is a momentous event in the evolution of Petroteq as a company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) this morning provided an investor update regarding the progress at its Asphalt Ridge heavy oil extraction facility. Per the update, slight logistic issues concerning construction and electrical material have temporarily delayed the project by a two to three-week time frame. “Petroteq’s project is going exceedingly well, notwithstanding minor logistical issues have created a slight schedule push the facility should be in full commissioning and start-up operations in the second and third week of June,” Petroteq CEO David Sealock stated in the news release. “Because we are on track to initiate operations prior to the end of Q2 2018, I am delighted that the full financial impact of 1,000 BOD/day production will be realized by Petroteq in the second half of 2018. This is a momentous event in the evolution of Petroteq as a company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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