NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas industry technology innovator, today announced its entry into a non-exclusive technology licensing agreement with Katy, Texas-based Valkor LLC (www.Valkor-Offshore.com). According to the update, the agreement grants Valkor the right to use Petroteq’s proprietary patented technology to construct, operate and finance oil sands extraction plants to transform mining operations-recovered highly oil saturated feed ore to heavy crude. “Technology advancement in unlocking the enormous deposits of global oil reserves has been our focus in achieving energy independence and economic expansion,” Petroteq CEO David Sealock said in the news release, “and Petroteq’s CORT (Clean Oil Recovery Technology) is a primary key to develop the tremendous surface mineable oil sands resources in the USA and internationally. Petroteq’s technology has the potential to open these resources to new development opportunities and with this should come tremendous value potential.”
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