Petroteq10 Jul 2018 10:59
09 July 2018
Trump's Secret Weapon in the Oil War
'Heavy Oil' is basically a dirty phrase in the energy world. But that's all about to change. Mentioned in today's commentary includes: Suncor Energy (NYSE:SU), Enbridge, Inc (NYSE:ENB), Pembina Pipeline Corp. (NYSE:PBA), Franco-Nevada Corporation (NYSE:FNV), Helmerich & Payne (NYSE:HP).
Tech company Petroteq Inc. (PQE.V; PQEFF) is using a new proprietary Enhanced Oil Recovery (EOR) system that could completely revolutionize oil sands extraction. Through a closed-loop system, Petroteq's EOR can extract 99 percent of all hydrocarbons without releasing ANY greenhouse gases.
At their Asphalt Ridge property in Utah, Petroteq is sitting on a contingent deposit of 86 million barrels, worth $6.2 billion at today's prices for as little as $28 per barrel…and their extraction facility is now fully operational.
The Big Picture-- Scattered throughout Utah, Colorado, and Wyoming are oil sands deposits equal to 1 trillion barrels. There are trillions more locked away in deposits around the world. And Petroteq's proprietary oil tech can get to it.
Petroteq's secret is its technology. The patented Liquid Extraction System is the first successful method ever tested that can extract the heavy oil sands of Utah in an environmentally safe and sustainable manner.
The licensing opportunities for Petroteq's proprietary technology are staggering. Heavy oil drillers around the world will likely be lining up to use their methods, which could unlock trillions of barrels of heavy oil locked in oil sands worldwide.
Sign In
Follow the stocks
