Ashphalt Ridge16 Apr 2018 17:45
PETROTEQ ENERGY ANNOUNCES COMPLETION OF ALL MAJOR PROCESS SYSTEMS AT ITS UTAH HEAVY OIL EXTRACTION FACILITY
STUDIO CITY, CA, March 05, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (�Petroteq� or the �Company�) (TSXV: PQE; OTCQX: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the energy industry, today announced that it has successfully completed testing of all major process systems at its heavy oil extraction facility in Asphalt Ridge, Utah. Further, the Company has initiated test runs of the utility system�among the final steps prior to launching commercial production.
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The Company has completed testing of the following process systems:
Oil sands ore�raw feed material�preparation systems
Excavator and custom-designed bucket that is able to shred raw oil sands ore into smaller pieces have been fully tested.
Increased surface area of ore enables more efficient oil extraction.
Both the excavator and bucket ran continuously for at least eight hours.