Petroteq - more press today14 Mar 2018 13:23
*The Hottest Oil Tech Innovations of 2018*
Nothing epitomizes Petroteq�s (TSX:PQE.V; OTCQX:PQEFF) tech-based approach to oil & gas more than their revolutionary oil sands process.
Bailey�s team could potentially unlock billions of barrels of oil in Utah, Colorado and Wyoming alone � for just $22/barrel!
Bailey�s team is not chasing after profits in traditional upstream, midstream or downstream sectors.
Instead the company focuses on developing bold new technological strategies for unlocking energy resources.
Like its breakthrough oil sands extraction process.
The U.S. Department of Energy reports the U.S. has the third most abundant oil sands in the world.
Just three states together could hold between 1.2 trillion to 1.8 trillion barrels of untapped oil.
So far, little has been done to develop this resource, mostly because up until now oil sands exploitation has been dirty and expensive. The tar sands of Canada, for instance, were so dirty and costly, most majors had to divest from the fields altogether after the last oil price crash.
But Petroteq�s (TSX:PQE.V; OTCQX:PQEFF) new tech is on track to change that. Petroteq bought the rights to exploit a huge oil sands deposit of an estimated 87 million boe in eastern Utah.
Their unique Liquid Extraction System unlocks oil sands deposits without producing a lot of excess waste. It�s a clean process.
Their first project in 2015 produced 10,000 barrels of oil � roughly 1 barrel per ton of sand.
http://www.baystreet.ca/stockstowatch/3306/The-Hottest-Oil-Tech-Innovations-Of-2018
Sign In
Follow the stocks
