Member Info for genty1974

Over 70 countries contain tar sands bitumen, and dozens more have kerogen-based oil shale. In many places, energy companies are vying to copy the Canadian model. Some of these plans, borrowing from Canadian-based technology, involve even more carbon-intensive developments than anything in Alberta.

So over 70 countries COULD want our tech and that's a fair few $$$ in the back pocket for petroteq to licence CORT out to
did i say this was going to be a MASSIVE player in the TAR sands??

not only just for getting oil from the sands this has been proven to work with the little Australian firm QEM At Julia creek to get oil and VANADIUM deposits !! did i say MASSIVE
DYOR

The massive amount of oil contained in the tar sands has already transformed Canada into one of the top five oil-producing nations in the world. As recently as November, extraction from the tar sands was projected to double in size over the next 15 years, even without including any development of the bitumen carbonates. Oil prices have fallen further since then, enough to throw a lot of doubt on any such projections, but if oil prices rise again in the future — as they’re expected to — that would again drive demand up for unconventional oil, and make development of the Grosmont formation all the more likely.

orslega are you in the petroteq group on twitter?

Petrobloq will be the first Blockchain based platform developed exclusively for the supply chain needs of the Oil & Gas sector. The Upstream, Midstream and Downstream industries each have their own challenges and complexities. Its been nearly seven years since the sector has seen $120 barrels of oil and the price is still less than half that, in utilizing Blockchain to meet the supply chain needs of oil and gas producers, we anticipate that Petrobloq users will enjoy cost and time savings, increased transparency and the ability to mitigate the constantly evolving geopolitical atmosphere and market fluctuations.
https://petrobloq.com/

these guys are into block chain also

Great thanks for the clarification Tully..

Can see this gaining traction the price hit a low a few weeks ago and I believe this has bottomed!! but of coarse do your own research i have just given you direct post from the company.

if wanting to buy shares in petroteq? They are listed on the TSX So you will have to buy from the likes of HL
Listed on HL as PETROTEQ ENERGY INC. (SYMBOL: PQE)
and listed on the OTC Petroteq Energy (PQEFF)

Have a look at the pdf below guys its going to be massive

https://content.equisolve.net/petroteq/media/a9bc1245c1b816150e14fa309f4aa53c.pdf

MANAGEMENT TEAM
DAVID SEALOCK
Chief Executive Officer
David Sealock is a highly accomplished, results driven senior executive leader with over 26 years of strategic management and business/digital transformation leadership. He has a track record of building high-performing teams with a strong focus on setting corporate strategy, executing for results, leading teams, galvanizing relationships, connecting corporate activities and translating ideas into action. Prior to joining Petroteq, Mr. Sealock served as President of Autus Ventures, where he established equity financing processes for startup and intermediate oil and gas companies and managed strategic planning and portfolio optimization. Prior to that, he was Vice President of Research & Development at Petroleum Technology Alliance Canada (PTAC), a Canadian hydrocarbon industry association that serves as a neutral non-profit facilitator of collaborative R&D and technology development. There he managed the coordination and services to facilitate the implementation of specific methane related projects. In 2014 and 2015, Mr. Sealock served as President and COO of Sulvaris. During his tenure at Sulvaris, he collaborated to deliver equity financing and JV financing to recommence project construction.

From 2008 to 2014, Mr. Sealock was the EVP of Sunshine Oilsands, and was promoted to President & CEO (Interim) from 2013 to 2014, where he managed daily operations for: Engineering, construction, technology, operations, regulatory, human resources, investor relations, health, safety & environment, marketing, supply chain management, IT & systems, and corporate governance. From 2007-2008 he served as vice president of MegaWest Energy Corp. (now Gravis Energy) and prior to that he was Senior Manager of Total E&P (formerly Deer Creek Energy, Ltd.), where he was charged with leading a large scale business & digital transformation to integrate Deer Creek Energy's technology infrastructure into Total's enterprise-wide global infrastructure. Mr. Sealock holds a Bachelor's degree in Business Management and is a Registered Engineering Technologist with ASET.

MANAGEMENT TEAM
DAVID SEALOCK
Chief Executive Officer
David Sealock is a highly accomplished, results driven senior executive leader with over 26 years of strategic management and business/digital transformation leadership. He has a track record of building high-performing teams with a strong focus on setting corporate strategy, executing for results, leading teams, galvanizing relationships, connecting corporate activities and translating ideas into action. Prior to joining Petroteq, Mr. Sealock served as President of Autus Ventures, where he established equity financing processes for startup and intermediate oil and gas companies and managed strategic planning and portfolio optimization. Prior to that, he was Vice President of Research & Development at Petroleum Technology Alliance Canada (PTAC), a Canadian hydrocarbon industry association that serves as a neutral non-profit facilitator of collaborative R&D and technology development. There he managed the coordination and services to facilitate the implementation of specific methane related projects. In 2014 and 2015, Mr. Sealock served as President and COO of Sulvaris. During his tenure at Sulvaris, he collaborated to deliver equity financing and JV financing to recommence project construction.

From 2008 to 2014, Mr. Sealock was the EVP of Sunshine Oilsands, and was promoted to President & CEO (Interim) from 2013 to 2014, where he managed daily operations for: Engineering, construction, technology, operations, regulatory, human resources, investor relations, health, safety & environment, marketing, supply chain management, IT & systems, and corporate governance. From 2007-2008 he served as vice president of MegaWest Energy Corp. (now Gravis Energy) and prior to that he was Senior Manager of Total E&P (formerly Deer Creek Energy, Ltd.), where he was charged with leading a large scale business & digital transformation to integrate Deer Creek Energy's technology infrastructure into Total's enterprise-wide global infrastructure. Mr. Sealock holds a Bachelor's degree in Business Management and is a Registered Engineering Technologist with ASET.

OIL SANDS SUPPLY
Petroteq currently owns the Temple Mountain Mine lease, in the area known as Asphalt Ridge, just south of Vernal, Utah.

This lease contains an estimated 87,495 MSTB (Thousands of Stock Tank Barrels) of mineable Bitumen Resources in Place, classified as a "Contingent Resource" under current NI 51-101 and COGEH criteria, as disclosed in an independent resource evaluation report prepared by Chapman Petroleum Engineering Ltd. (2018). These volumes are expected to support very positive mining economics.
In 2015, JT Boyd Mining and Geological Consultants was commissioned to perform an economic evaluation of the cost of mining this oil sands resource. Their report confirmed very attractive mining costs for the Asphalt Ridge oil sands ore, based on a detailed economic analysis of all major mining functions (drilling, blasting, overburden removal, oil sands mining and mine reclamation, maintenance). Based upon three separate scenarios, mining costs are estimated to range between $5.35 and $5.76 per ton of oil sands ore. Low mining costs are due, in part, to the fact that Petroteq's oil sands resource is directly at, or just beneath, the surface so that minimal overburden (non-ore material) removal is required. These low mining costs, combined with low processing costs by Petroteq's proprietary, closed-loop, solvent-based process, will result in significantly lower per barrel production costs than the costs for traditional hot water-based oil sands extraction technologies.
Both the Chapman and the JT Boyd reports were prepared, in part, from a wealth of oil sands exploration information that had been obtained by Petroteq as part of the acquisition of the lease. This exploration information included detailed well logs from approximately 99 core holes that had been drilled on the lease. These well logs identified both the thickness and richness of the oil sands lenses beneath the lease. Individual oil sands lenses range in thickness from 5 to 25 feet and contain oil sands ore with an average of 6% to 12% bitumen.
https://petroteq.energy/operations/oil-sands-supply

https://petroteq.energy/operations/utah-oil-asset

Utah Tar Sand Summary
Tar Sand Triangle 16.0 billion bbl
P.R. Spring 4.5 billion bbl
Hill Creek 1.2 billion bbl
Other Deposits 1.4 billion bbl
Sunnyside 6.0 billion bbl
Asphalt Ridge 1.5 billion bbl
Circle Ridge 1.1 billion bbl
White Rocks 0.3 billion bbl
Total Shallow Oil 32.0 billion bbl

Utah's Bureau of Land Management oversees all matters pertaining to mineral resource and oil and gas development, covering over 22.9 million acres of land throughout the state. In the Vernal area, BLM's jurisdiction covers over 5,500,000 acres. A limited amount of oil sands production occurred in the late 1970s and early 1980s, but inefficient technologies and extremely low oil prices brought much of these operations to a halt. Recently, though, the U.S. interest in increasing domestic energy sources has intensified technological advances such as Petroteq's Liquid Extraction System, prices have increased dramatically and the occurrences of significant new reserves of conventional crude oil have become extremely rare. The focus is now on developing U.S. oil sands deposits, with Utah's Oil Sands as a major potential source of domestic energy.

UTAH OIL ASSET
WHY UTAH?
THE STATE HOLDS OVER 32 BILLION BARRELS OF UNDEVELOPED OIL SANDS RESOURCES.
Unita Basin, Alphalt RidgeOil sands, or tar sands as they are often referred to, are a type of unconventional petroleum deposit. The sands known as "oil-wet" deposits in Utah contain a mixture of sand and a dense, extremely viscous form of petroleum technically referred to as bitumen or tar. There are many other deposits of oil sands throughout the world, most notably in Venezuela and Canada, where they are known as "water-wet" deposits because they're typically found deep in the earth, mixed in with water, sand and clay in a semi-solid natural deposit. Although several of America's western/southern states have oil sands deposits, Utah contains approximately 55% of the nation's total deposits, concentrated in eight major deposit areas with a total resource of over 30 billion barrels of oil. (Source: US DOE).

if wanting to buy shares in petroteq? They are listed on the TSX So you will have to buy from the likes of HL
Listed on HL as PETROTEQ ENERGY INC. (SYMBOL: PQE)
and listed on the OTC Petroteq Energy (PQEFF)

Yeah agree mate. Just waiting on production to start back up and this will be many bags from here.
And I here that’s soon

Nice to see you here Fadec :-)

Looking forward to some mega updates from our Mr Sealock

Patents in Major Markets
• Own patents in US, Russia, Canada
• Petroteq has been involved in the patent protection processes since the early days of its technology development
in 2011
• Provisional patents to be filed in 30 countries worldwide with significant oil sands reserves
• Patent protection applications have been filed covering specific aspects of the entire extraction processes and the
physical features of the extraction plants and solvents as follows:
- Solvent combinations and compositions.
- Engineering and design features of specific major components and vessels.
- Specific extraction processes

Production capacity at Asphalt Ridge facility will be incrementally raised through addition of identical process trains
Process trains can be relocated
once location depleted
Familiarity with approvals
processes
Supply chain & marketing
routes established
Environmental requirements
met
Fewer variables in employee
training and operations
Predictable costs & cash flow
modeling
• ‘Plug and play’ process train expansion model provides cost effective route to cash flow growth
• Proprietary technology application deployed and expanded through cost-efficient means
• Minimizes scope of cost-inflating variables including maintenance, supply chain, marketing and employee training

Asphalt Ridge at 1,000 bpd capacity Expansion to 4,000 bpd in 2020 8,000-10,000 bpd est. by early 2022
• Expanding small capacity plant via additional plants and
common feed conveyor system
• Raising $30mm of funding via equity and debt, expected
in place by 2nd half 19
• Engineering due to complete 2Q’19
• Est. EBITDA of $22.0 mm at 4,000 bpd1
• Fully funded, operational 4Q’18
• Peak 2019 capacity of 1,000 bpd
• Trucking production to local refineries
• 1,000 bpd plant is project gateway for additional,
larger capacity plants
Measured growth with proof of commerciality ideally positions Petroteq to capture market share as technology is developed and implemented, and expansion trains are
producing sales product
• Construction of larger capacity plant
• Production increase by 2022
• Achieved though addition of 2x 2,500 bpd process trains
• Phase 3 est. capex of $25 mm / train
• Est. EBITDA of $29.5 mm at 5,000 bpd1

Industry-leading executiveteamwith 175+ years of relevantexperience
David Sealock, Executive Director & CEO - Mr. David Sealock is a highly accomplished, results driven senior executive leader with over 28 years of strategic management and business leadership. He has a
trackrecord of building high-performingteams with astrongfocus on settingcorporatestrategy,executing over$1.2B in equityand debt transactions, jointventuresandM&A deals. Prior to Petroteq Energy,
David Sealockserved as President of Autus Ventures, Vice PresidentTechnology- Petroleum Technology Alliance Canada, President & COO ofSulvaris, President & CEO ofSunshine Oilsands,EVPMegaWest
Energy, & seniormanagement positionswith Deer CreekEnergy, CNRL, Petrovera Resources,Total & Chevron.
Alex Blyumkin,Founder, Chairman -Mr. Alex Blyumkin has over 20 years ofa widerange ofexperiencein theenergyindustry. Afterachievingsignificant success in downstream operations on severalenergy
projects in Azerbaijan, Ukraine and the U.S., herecognized a worldwide need for safe, environmentally-friendly oil sands extraction technology. Alex Blyumkin and his team discovered the origins of what is
now Petroteq’sextraction technology.
Dr. R. Gerald Bailey, President & Director - Dr. R. Gerald Bailey has over 40 years ofexperiencein theinternational petroleum industryin allaspects, both upstream and downstream with specificMiddleEast
skillsand U.S. onshore/offshoresectors. Current Presidentand Director of Petroteq EnergyInc.as wellas itsformer CEO, healso servesan advisor to Petroteq’s Petrobloq.
Mark Korb, CFO-Mr.Mark Korb has over 20 yearsexperience with high growth companies,servingas the CFOorFinancial Consultantacrossseveral industries.
Dr. Vladimir Podlipskiy, Founder & CTO - Dr. Vladimir Podlipskiy has over 20 years of extensive experience as a researcher, involved in oil extraction technologies and research into many remediation
products,all with afocus on the utilization of benign solvents/solutions.

. Crushed ore in
2. Feed bin receives the raw ore and mixes it with solvent
3. The mill breaks down clumps of ore, so that the patented solvent can better
dissolve the crude oil
4. In the mixing vessel, the ore and solvent mixture is agitated into an extraction
separation fluid
5. In the extraction column, solvent makes solids fall and the oil and solvent mixture
rise
6. Clean, salable sand out
7. Fluid is heated to separate the solvent from the oil
8. Secondary extraction column
9. Evaporated solvent is recycled leaving salable oil
10. Salable oil

https://content.equisolve.net/petroteq/media/a9bc1245c1b816150e14fa309f4aa53c.pdf