NetworkNewsBreaks – Petroteq Energy Inc.’s (TS
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Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) patented Liquid Extraction System has proven to be environmentally safe and cost-effective in the current oil market, producing a barrel of oil equivalent (‘BOE”) at around $22.00. An article discussing the company reads: “The Petroteq technology is the result of almost five years of scholarship by the company’s research and engineering teams, led by its chief technology officer, Dr. Vladimir Podlipskiy. It’s technology that’s safe for the environment, depending on a patented solvent/surfactant that produces no greenhouse gases. It’s also safe to produce, since it requires no high temperatures or pressures. The technology can be effectively applied to both “water-wet” deposits, such as the oil sands projects in Alberta, Canada, and in the 20 or so countries around the globe with oil sands, as well as the “oil-wet” deposits found in Utah, where the company has its extraction facility.”
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