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that is good news and great to see their "winter plan" is working.
How much flex do we think there is in the 200bpod at 12 hours?
Good to see production increasing - even as temperatures are dropping in Utah; recall Sealock talking about this earlier in the year - there was a critical engineering re-design to ensure no production days lost in winter - seems to be working. See temperature is -4 today - snowing.......
https://www.ksl.com/article/46690928/saturday-snow-creates-difficult-drives-in-utah
Looks like that is the plan.
Should be another good week. Up 15% in the last 2 sessions.
Good news it’s increased, hopefully carries on that way even before they get to 24/7 production.
Ramping up: slowly but surely it's happening : )
Petroteq Announces Update on Oil Production and Oil Quality Baseline
SHERMAN OAKS, Calif., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), is 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, is pleased to announce that since last reported it has increased its daily average oil production and made changes to its facilities oil quality baseline.
Since December 9, 2019, Petroteq Energy is pleased to report that:
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;
The Company is in the process of training additional team members with the intent of increasing production shifts and allowing for increased daily production;
The facility has produced 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);
The facility has produced oil with BS&W (Basic Sediment and Water) or “sediment levels” averaging two to three tenths of one percent; and
The produced oil is of a low sulfur percentage (less than a half a percent 0.5%).