NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) , a fully integrated oil company focused on the development and implementation of its new proprietary technology for oil extraction with producing assets at Asphalt Ridge near Vernal Utah, today announced that, since last reported, it has increased its daily average oil production and made changes to its facility’s oil quality baseline. Among highlights included in the update, Petroteq Energy reported that, since December 9, 2019, the facility has produced an average 200 barrels of oil in 12-hour process shifts – a total of 6 days of the 7 day period, as well as oil with API gravity of 15 to 17 API degrees. Higher API of up to 20 degrees has been recorded for shipping of the product during current cold weather conditions.
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