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Posted On: 03/29/2019 4:35:34 PM
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NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Achieves Significant Milestone in Continuous Production
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) on Thursday announced its achievement of continuous production in excess of 500 barrels a day over the last two weeks. This is a significant milestone for Petroteq, as it demonstrates the commercial viability of its first in kind technology, as well as its disruptive potential, providing the company a competitive advantage and licensing opportunity in the clean extraction of oil sands. One of the first companies to produce oil from Utah’s multi-billion barrel surface bitumen oil sands, Petroteq has the potential to be a leader in the oil sands play in coming years. “I am exceedingly pleased with our performance, it took us a couple of weeks longer than expected due to delays in delivery of equipment by third party vendors,” Petroteq CEO David Sealock stated in the news release.
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) on Thursday announced its achievement of continuous production in excess of 500 barrels a day over the last two weeks. This is a significant milestone for Petroteq, as it demonstrates the commercial viability of its first in kind technology, as well as its disruptive potential, providing the company a competitive advantage and licensing opportunity in the clean extraction of oil sands. One of the first companies to produce oil from Utah’s multi-billion barrel surface bitumen oil sands, Petroteq has the potential to be a leader in the oil sands play in coming years. “I am exceedingly pleased with our performance, it took us a couple of weeks longer than expected due to delays in delivery of equipment by third party vendors,” Petroteq CEO David Sealock stated in the news release.
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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