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Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) is a Canadian-registered, publicly traded company engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company is focused on oil sands exploration and production on mineral leases in Vernal, Utah, and in expanding production capacity at its Asphalt Ridge heavy oil extraction facility in Utah.
Considerations:
- Proprietary, closed-loop clean oil recovery technology (CORT) process significantly lowers capital construction and production costs
- Patented in USA, Canada and Russia with additional protection applications are filed in 30 countries with significant oil sands reserves
- Environmentally-friendly system eliminates need in creating polluting tailings ponds
- Valuable, producing oil sands resources owned and operated in Utah
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