$PQEFF News: Petroteq Energy Signs Non-Exclusive M
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Posted On: 11/18/2020 8:06:46 AM
$PQEFF News: Petroteq Energy Signs Non-Exclusive Multi-Site License for Petroteq's Oil Sands Technology
Company Retains All Technology and Improvements Plus 5% Royalty on Production
SHERMAN OAKS, CA / ACCESSWIRE / November 17, 2020 / Petroteq Energy Inc. ("Petroteq" or the "Company"
(TSXV
QE)(?OTC PINK QEFF)(FSE QCF), an integrated oil ?company focused on the development and implementation of its proprietary oil-?extraction technologies, today announced that Greenfield Energy LLC ("Greenfield" has executed a non-exclusive, multi-site license with Petroteq (the "License" . Pursuant to the terms of the License, the License has been granted in consideration for the funding that Greenfield has provided to date in respect of the upgrades to Petroteq's existing oil sands plant at Asphalt Ridge, Utah (the "POSP" being US$1,500,000, and a further US$500,000 to be invested by Greenfield into the POSP within 20 days. Greenfield is a 50/50 joint venture between TomCo Energy plc (AIM: TOM) ("TomCo" and Valkor LLC ("Valkor" .
https://www.accesswire.com/617054/Petroteq-En...Technology
Company Retains All Technology and Improvements Plus 5% Royalty on Production
SHERMAN OAKS, CA / ACCESSWIRE / November 17, 2020 / Petroteq Energy Inc. ("Petroteq" or the "Company"
(TSXV QE)(?OTC PINK QEFF)(FSE QCF), an integrated oil ?company focused on the development and implementation of its proprietary oil-?extraction technologies, today announced that Greenfield Energy LLC ("Greenfield" has executed a non-exclusive, multi-site license with Petroteq (the "License" . Pursuant to the terms of the License, the License has been granted in consideration for the funding that Greenfield has provided to date in respect of the upgrades to Petroteq's existing oil sands plant at Asphalt Ridge, Utah (the "POSP" being US$1,500,000, and a further US$500,000 to be invested by Greenfield into the POSP within 20 days. Greenfield is a 50/50 joint venture between TomCo Energy plc (AIM: TOM) ("TomCo" and Valkor LLC ("Valkor" . https://www.accesswire.com/617054/Petroteq-En...Technology
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