NetworkNewsBreaks — Petroteq Energy Inc. (TSX.V:
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Oil and gas exploration company Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) president and director, Jerry Bailey, this morning released a letter to the company’s shareholders. The letter addresses the company’s strategic direction moving forward and how current efforts will deliver shareholder value. Among other highlights, Bailey explains the motive behind developing Petrobloq, the company’s blockchain technology for the energy industry. “Our organization is designed and dedicated to be flexible and innovative, while challenged to create a new opportunity. Blockchain is poised to be the biggest gamechanger for the energy industry for the next several decades. I am not a blockchain expert, but I will become one, and I am pleased to lead this venture. We have the resources and access to work with the leaders in the industry from our headquarters in California,” president and director Jerry Bailey stated in the news release.
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