NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 07/11/2018 5:35:00 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Names New Advisory Board Member; Reports Outlook on Recent Industry News
Fully integrated oil and gas company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced the appointment of experienced energy technology investor David Kahn to its advisory board. As a member of Petroteq’s advisory board, Kahn will oversee due diligence on various technologies that the company considers adding to its IP portfolio. In addition, Petroteq also highlighted recent developments within the oil industry, Baytex Energy Corp’s (NYSE: BTE) $1.2 billion acquisition of rival Raging River Exploration Inc. and Nexen Energy’s recently announced $400-million expansion of its oil sands project in Alberta. Petroteq believes these developments are positive and reaffirm the company’s position on its own extraction process. “With the recent acquisition of a major oil producer in the unconventional oil extraction industry, as well as the planned expansions announced by Nexen Energy, we believe projected growth and sentiment within the unconventional oil and oil sands market is increasing,” Petroteq CEO David Sealock stated in the news release. “As we implement our technology to draw on oil resources in an environmentally friendly way, producing no greenhouse gases or waste, the belief in our system is reinforced. The oil industry is beginning to shift towards more environmentally friendly processes and we take pride at being at the forefront of that movement.”
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) today announced the appointment of experienced energy technology investor David Kahn to its advisory board. As a member of Petroteq’s advisory board, Kahn will oversee due diligence on various technologies that the company considers adding to its IP portfolio. In addition, Petroteq also highlighted recent developments within the oil industry, Baytex Energy Corp’s (NYSE: BTE) $1.2 billion acquisition of rival Raging River Exploration Inc. and Nexen Energy’s recently announced $400-million expansion of its oil sands project in Alberta. Petroteq believes these developments are positive and reaffirm the company’s position on its own extraction process. “With the recent acquisition of a major oil producer in the unconventional oil extraction industry, as well as the planned expansions announced by Nexen Energy, we believe projected growth and sentiment within the unconventional oil and oil sands market is increasing,” Petroteq CEO David Sealock stated in the news release. “As we implement our technology to draw on oil resources in an environmentally friendly way, producing no greenhouse gases or waste, the belief in our system is reinforced. The oil industry is beginning to shift towards more environmentally friendly processes and we take pride at being at the forefront of that movement.”
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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