Member Info for genty1974

Value-creation focused company, developing & implementing sustainable technologies in the oil sands mining,
production & remediation sectors. Petroteq represents an attractive, unique, growth opportunity for investors
seekinga position in both theE&P & Clean Energysectors
• Fully integrated, technology-centric, energy company based in Los Angeles, California
• 100% working interest in 2,542 gross acres & 87mmbbl contingent resources in Uintah basin, Utah
• 50% of the operating rights in 8,480 gross acres (4,240 net acres, less royalty) & est. net 41 mmbblcontingent resource in P.R. Springs and the Tar
Sands Triangle, Utah4
• Asphalt Ridge asset located in prime of the play, rich deposits with est. resource life of >20 years
• Implementing proprietary clean oil sands processing & heavy oil extraction technologies
• Technology provides access to a multi-billion dollar global land remediation market
• Phase 1 production capacity of 1,000 bpd, potential for 8,000 to 10,000 bpd in 2022

Clean oil recovery technology (“CORT”)
independently evaluated as scalable, viable & cost effective

• Breakthrough, environmentally-friendly, proprietary oil sands
extraction technology, suitable for all hydrocarbon deposits
• Patented, innovative, 14 stage process uses solvents & surfactants
to liquefy & extract bitumen oil from crushed raw oil sands
• Technology can also be deployed for land remediation projects,
independently or integrated with other processes
• Expected to extract up to 99% of the crude oil and recycles up to
99% of the solvent used
David Sealock, Exec. Dir & CEO - Petroteq Energy
Tel: (403) 561-9882 -- investors@Petroteq.energy
Contact:
C

CLEAN TECHNOLOGY
• Greatly reduces greenhouse gases
• Requires no water, leaves no waste water/slurry
• Demands no high temperatures/pressures
• No waste - leaves clean, dry sands
• Up to 99% of hydrocarbons are extracted
• Up to 99% of used solvents are recycled
? Structuring potential for global deployment

Modular plant economics, combined with energy efficient technology, drive low
capex and production costs
• Low production costs, est. to average $30 to $25/bbl based on
scale of production
• Netback margins anticipated to average between $17 -$25 per
bpd at $50 WTI
• Economics run at EBITDA assumption of $46.80 / bpd WTI,
assumes 350 days operation/train
• Low CAPEX estimates: ~$10k / flowing bpd
• Modular & scalable, from 250-8,000 bpd to 2,500-5,000 bpd
process trains
• Closed-loop, continuous recycle of materials
• Returns over 14x energy used to produce oil, comp. to 2-6x for
competitive technologies

Asphalt Ridge: Expanding a multi-decade asset
• Deposits average 6% - 15% oil by weight, expected resource life >20 years
• Production capacity of 1,000 bpd, product trucked to local State refineries
• Expansion project underway to boost facility output
• Step wise production targets to achieve 8,000 -10,000 bpd by early 2022
• Scalable operations with potential to achieve 25,000 bpd production

Value-creation focused company, developing & implementing sustainable technologies in the oil sands mining,
production & remediation sectors. Petroteq represents an attractive, unique, growth opportunity for investors
seekinga position in both theE&P & Clean Energysectors
• Fully integrated, technology-centric, energy company based in Los Angeles, California
• 100% working interest in 2,542 gross acres & 87mmbbl contingent resources in Uintah basin, Utah
• 50% of the operating rights in 8,480 gross acres (4,240 net acres, less royalty) & est. net 41 mmbblcontingent resource in P.R. Springs and the Tar
Sands Triangle, Utah4
• Asphalt Ridge asset located in prime of the play, rich deposits with est. resource life of >20 years
• Implementing proprietary clean oil sands processing & heavy oil extraction technologies
• Technology provides access to a multi-billion dollar global land remediation market
• Phase 1 production capacity of 1,000 bpd, potential for 8,000 to 10,000 bpd in 2022

PETROTEQ ANNOUNCES CLOSING OF RESOURCE ACQUISITION
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

RELATED LINKS
PDF Release PDF
SHERMAN OAKS, Calif., July 22, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology?, is pleased to announce the closing of its ?acquisition of an additional 50% of the operating rights and interests relating to oil sands under U.S. federal oil ?and gas leases encompassing approximately 8,480 gross acres (4,240 net acres, less royalty) in the State of ?Utah, as ?previously announced on April 16, 2019.? All shares issued pursuant to the transaction will be subject to a four-month hold period.

The Company also announces the issuance to an arm’s length lender of a US$300,000 principal amount (including an original issue discount of 20%) unsecured convertible debenture, and warrants exercisable for up to 1,315,789 common shares of the Company at US$0.24 per share for 15 months. The debenture has a term of 15 months and bears interest at a rate of 7% per annum payable quarterly, and at the option of the holder the purchase amount of the debenture (excluding the original issue discount of 20%) is convertible into ?1,315,789? common shares of the Company at US$0.19 per share in accordance with the terms and conditions set out in the debenture.

In addition, the Company has agreed to complete a shares for debt transaction, pursuant to which it will issue 838,714 common shares in satisfaction of US$176,130 of indebtedness currently owed to an arm’s length service provider. The Company determined to satisfy the indebtedness with Common Shares in order to preserve the Company’s cash for use on its extraction technology in Asphalt Ridge, Utah, and for working capital. All shares issued pursuant to the transaction will be subject to a four-month hold period.

SHERMAN OAKS, Calif., July 02, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV: PQE; OTC: PQEFF; FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce that it has entered into a non-exclusive technology licensing agreement with Valkor LLC, a company based in Katy, Texas (www.valkor-offshore.com).

RELATED LINKS
PDF Release PDF
The technology licensing agreement (the “Agreement”) grants to Valkor the right to use Petroteq’s proprietary patented technology to engineer, construct, operate and finance oil sands extraction plants (individually, a “Plant”) to transform highly oil saturated feed ore recovered from mining operations to heavy crude.

Under the Agreement, Valkor has agreed to pay Petroteq a non-refundable license fee of US$2 million per Plant in two payments, with 50% payable upon start of construction of a Plant and 50% payable upon first production of such Plant. Valkor also agreed to invest (or secure investment) of a minimum US$20 million towards the construction of a Plant by December 2020, and to have in production a minimum of 1,000 barrels per day. The agreement further provides that Valkor will pay Petroteq a five percent (5%) royalty based on annual gross sales, excluding solvent and or water, for so long as licensed technology is covered by a valid claim in the country in which it is used.

“Technology advancement in unlocking the enormous deposits of global oil reserves has been our focus in achieving energy independence and economic expansion,” stated CEO David Sealock, “and Petroteq’s CORT (Clean Oil Recovery Technology) is a primary key to develop the tremendous surface mineable oil sands resources in the USA and internationally. Petroteq’s technology has the potential to open these resources to new development opportunities and with this should come tremendous value potential.”

“In working with Petroteq for the past year at its Asphalt Ridge facility in Utah, it is clear that the Petroteq technology is unique and highly effective. It fits our long term strategy extremely well,” stated Steve Byle, CEO of Valkor. “As Valkor is a solutions company offering a range of services and products to the energy industries we are pleased to be offering the Petroteq technology in a project based platform.”

This licensing agreement is testament to the tremendous technical and engineering achievements made by Petroteq in recent years. The licensing model is an important component of the Petroteq business model allowing Petroteq to leverage its proprietary technologies and operating techniques to participate in value created through investment by other companies and strategic investors. Petroteq anticipates that this could be the first of many licensing agreements and believes that this aspect of its technology licensing business model will set the Company apart from other resource companies in years to come.

PETROTEQ ANNOUNCES EFFECTIVENESS OF FORM 10 REGISTRATION STATEMENT
Sherman Oaks, CA, July 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated oil and gas company, announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission (the “SEC”) became effective on July 12, 2019. Following the effective date, the Company will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended. This means the Company will begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, periodic reports on Form 8-K and subject itself to additional SEC reporting obligations related to proxies, shareholder actions and stock ownership rules.

RELATED LINKS
PDF Release PDF
The Form 10 filing provides investors detailed and audited information about the Company’s operations, including an overview of the business strategies, risk factors and financial statements. This additional information should help our investors make a more educated investment decision about the Company. A copy of the Form 10 is available at www.sec.gov under the name of Petroteq Energy, Inc. Additionally, the amended Form 10 can be found on the company’s website and by clicking here.

“The effectiveness of our Form 10 registration statement is a major milestone,” said David Sealock, CEO of Petroteq.

https://ir.petroteq.energy/quote-tsx

https://vimeo.com/341690341

Not long before we see this listing on the nasdaq have a look guys
September is going to be a good month

https://ir.petroteq.energy/press-releases

https://content.equisolve.net/_5e18a349ce15c38fda4dadc27d6b6ba7/petroteq/db/207/2256/pdf/Report+OSB.pdf

SHERMAN OAKS, Calif., Aug. 29, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated surface oil sands mining oil company with patented - proprietary clean oil recovery technology (CORT)?, is pleased to announce that the 30-day comment period for the Company’s 3,000 barrel per day expansion permit has ended and the State of Utah, Department of Oil, Gas, and Mining Division (UDOGM) did not receive any comments on the Company’s Significant Revision Notice of Intent (NOI).

RELATED LINKS
PDF Release PDF
The UDOGM has indicated that based on the tentative approval letter issued on July 23, 2019, and since UDOGM received no comments, UDOGM can now formally approve the Company’s proposed expansion NOI, contingent on the final modification to the reclamation contract and an increase to the surety bond currently in place with the UDOGM to meet the requirements of the modified reclamation contract.

“The expansion development of our Asphalt Ridge property is another important step in our long-term growth strategy,” said David Sealock, Petroteq Chief Executive Officer. “Building on our current production base is expected to offer several advantages: we know the area geology well, our CORT allows us to minimize potential environmental impacts, and it is relatively straightforward to link the expansion project into existing facility infrastructure.” Mr. Sealock also stated, “Dr. Donald Clark, our Chief Geologist, did an excellent job regarding the environmental and engineering studies and in the preparation for filing of the regulatory application. We believe this work and permit approval demonstrates both the scalability of the technology and economic feasibility”.
Project cost estimates for the Phase 2 expansion, will be provided to PQE’s Board of Directors for final sanctioning once final engineering is completed.

PATENT PROTECTION
THE PROCESS OF PROTECTING PETROTEQ'S PROPRIETARY EXTRACTION TECHNOLOGY WORLDWIDE IS ONGOING.
Petroteq's patent portfolio includes technology for the environmentally-safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq has been involved in the patent protection processes since its initial technology development in 2011.

Petroteq has received patent protections in three key markets: The United States, Canada and Russia.

A U.S. patent and corresponding foreign patents in Russia and Canada have been issued that cover the significant features of a system and process for extracting oil from oil sands. Also covered are key aspects of the extraction process that include:

Appropriate solvents and additives for use in the process;
A methodology for employing the oil sands extraction process; and
Engineering and interactive design features of the system.
The Patent Protection details for an "oil from oil sands extraction process" can be reviewed at length under the following Patent Protection numbers:

9884997 - US
2754355 - Canada
2571827 - Russia

Petroteq's extraction technology utilizes no water in the extraction process, produces no greenhouse gases and requires no high temperatures/pressures. It extracts up to 99% of all hydrocarbon contents and recycles up to 99% of the benign solvents. The proprietary solvent composition consists of hydrophobic, hydrophilic and polycyclic hydrocarbons. In testing periods, these solvents separated up to 99% of heavy bitumen/asphalt and other lighter hydrocarbons from the oil sands while preventing their precipitation during the extraction process. Solvents used in this composition form an azeotropic mixture which has a low boiling point of 70-75 C degrees. Petroteq expects to recycle over 99% of the solvents used. These features make it possible for hydrocarbon extraction from oil sands feedstock at mild temperatures of 50-60 C degrees... with no vacuum or pressure applied. There's no need for tailings ponds because the only elements that leave the closed-loop system are the extracted crude oil and the cleaned sands, which can be placed back in the earth or sold as clean sand for construction or fracking purposes.

https://petroteq.energy/technology/oil-sands-extraction

Petroteq Energy Inc. has developed a unique, environmentally safe, continuous flow, closed-loop technology... a first in North America... and probably in the world. The Company's philosophy is that the environment and the oil sands industry can work together harmoniously... without any of the resulting destruction seen in so many of the world's major oil sands projects. This extraction technology is the result of nearly five years of research by Petroteq's research and engineering teams, headed up by Chief Technology Officer Dr. Vladimir Podlipskiy, well known for his work with benign solvents. Over this period of time, Petroteq gradually enhanced and improved the efficiencies of its technology at each stage of fabrication with better dryer/mixer components and a higher consistency of oil sands flow. This extraction technology is versatile...it can be effectively applied to both "water-wet" deposits (such as the oil sands projects in Alberta, Canada) or the "oil-wet" deposits such as the resources typically found in Utah.

https://petroteq.energy/technology/oil-sands-extraction

Dodger777
it was this fool....

https://twitter.com/aimidiottrader/status/1167337181796536322?s=17

https://twitter.com/toptradersadvfn/status/1145584018685145088?s=21
https://twitter.com/justsharesonaim/status/1145583246966738944?s=21

https://twitter.com/justsharesonaim/status/1145584245961891840?s=21

Online demand into the UK and launch at the same time as the USA. Who cares that we have had a little work over done at east Denver!! The acceleration on the Zoetic side is massive

Allthatglitters
whoops thanks for that you are correct ;-)

still waiting gold dust........ hellooooooooooo are you around or have you done one?