NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 07/09/2018 5:02:51 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Provides Update on Asphalt Ridge Facility
Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning provided an update on the progress at its Oil Extraction facility in Asphalt Ridge, Utah. Per the update, the company is on track to initiate “full on” operations at the end of July and ramp up production with an expected 1,000 barrels per day (“bod”). The company is currently engaged in new research and development projects which should increase the efficiency and applicability of its patented extraction technology. In addition, the company has staffed up its internal team and advisory board to take care of numerous business development initiatives related to domestic and international opportunities. “The Asphalt Ridge project has surpassed expectations. The facility process trains are coming fully online safely, the production ramp-up plan is on schedule, and the commissioning and start-up activities are set to produce a high-quality heavy oil. We are especially appreciative of the dedication and careful planning and execution that our team and partners have demonstrated in achieving this remarkable result,” Petroteq Energy CEO David Sealock stated in the news release. “Our investors and stakeholders can be proud of advances being made initiating the ramp-up of our production.”
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 (TSX.V: PQE) (OTCQX: PQEFF) this morning provided an update on the progress at its Oil Extraction facility in Asphalt Ridge, Utah. Per the update, the company is on track to initiate “full on” operations at the end of July and ramp up production with an expected 1,000 barrels per day (“bod”). The company is currently engaged in new research and development projects which should increase the efficiency and applicability of its patented extraction technology. In addition, the company has staffed up its internal team and advisory board to take care of numerous business development initiatives related to domestic and international opportunities. “The Asphalt Ridge project has surpassed expectations. The facility process trains are coming fully online safely, the production ramp-up plan is on schedule, and the commissioning and start-up activities are set to produce a high-quality heavy oil. We are especially appreciative of the dedication and careful planning and execution that our team and partners have demonstrated in achieving this remarkable result,” Petroteq Energy CEO David Sealock stated in the news release. “Our investors and stakeholders can be proud of advances being made initiating the ramp-up of our production.”
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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