NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 10/02/2018 5:41:16 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Production Volume Continues to Increase
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) is ramping up its oil extraction in Utah through proprietary technology that could position the company to be an industry leader. A recent article discussing the company reads: “Petroteq expects to be at full extraction during the third quarter of this year and then to quickly increase its 1,000 bpd production to 8,000 bpd within the next three years (http://nnw.fm/8tg4Y). While these production volumes won’t be setting any industry records, the proof of Petroteq’s technology’s viability and ecological friendliness would establish it as the first company to successfully turn out commercially profitable crude in such a fashion, granting it an industry-leading position. The Times notes that other companies have tried for years and that U.S. Oil Sands was the latest to fail when it went bankrupt last year before beginning 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
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) is ramping up its oil extraction in Utah through proprietary technology that could position the company to be an industry leader. A recent article discussing the company reads: “Petroteq expects to be at full extraction during the third quarter of this year and then to quickly increase its 1,000 bpd production to 8,000 bpd within the next three years (http://nnw.fm/8tg4Y). While these production volumes won’t be setting any industry records, the proof of Petroteq’s technology’s viability and ecological friendliness would establish it as the first company to successfully turn out commercially profitable crude in such a fashion, granting it an industry-leading position. The Times notes that other companies have tried for years and that U.S. Oil Sands was the latest to fail when it went bankrupt last year before beginning 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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