The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
https://finance.yahoo.com/news/petroteq-energy-receives-air-quality-171717803.html
We have no idea Re production/revenues etc and the BOD don't have a clue regarding the wells-assets so WTF have they been doing for the last 12 months?Get someone in who's gonna get a firm hand on the current state of play re production and bring some transparency to this,at present,dire situation.I also have to question our Petroteq holding via Deloro.Given the way this BOD have performed so far I am far from comfortable with a 3rd party in control of our shares.MYN need to take control of their Petroteq shares asap.VOTE CW OUT.
Graphite,that all depends on what CW has been up to,surely.Clear the decks asap imo and start afresh with non of the past baggage which has weighed heavily on this company.
Jaffa
@jaffas007
46m46 minutes ago
Replying to @fairenough11
Quote from Angus interview today
" (@$85 POO).
- normal market assessment is that for each 100Bopd the market cap is between GBP25-40m"
Mayan is sub £5M.... just imagine 🤔 #myn
https://ir.petroteq.energy/press-releases/detail/294/petroteq-reaches-commercial-production-milestone-and
PETROTEQ REACHES COMMERCIAL PRODUCTION MILESTONE AND PUBLISHES STATEMENT FROM THE CEO
SHERMAN OAKS, CA, Sept. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), a fully integrated oil and gas company, is pleased to announce that it has initiated commercial production at its Vernal, Utah facility and publishes the following statement from its CEO, Mr. David Sealock.
In my career I have participated in and managed the commissioning of multiple projects that have cost hundreds of millions to build. But, today, I feel that I have really been a part of something special in the North American oil sands industry.
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PETRO
Petroteq Energy Inc.
Our “Asphalt Ridge” asset has (from time to time) caught the attention of major oil companies going back 70 years. But nobody has been able to unlock its resources in a financially sound and environmentally friendly manner until the Petroteq team and its proprietary technology came along. I know our investors have been anxiously waiting for updates about our production levels and they should know that I have been taking a calculated approach in initiating production at our new plant in Vernal, Utah.
I know our partners and stakeholders will welcome the approach I’ve implemented; small batch testing of our facility before running it at its intended full capacity of 1,000 bpd. Petroteq is launching a “first” in the industry and those types of projects require deliberate caution when getting started.
The oil sand and shale in Utah and neighboring states is likely the largest known untapped reserve in the United States. That is why what we are doing is so important – we are spearheading a movement that helps towards the goal of the United States becoming energy independent.
I thank Alex Blyumkin, our Chairman and the great team in Utah for letting me come aboard during the crossing of such a significant milestone for Petroteq. I would also like to thank the New York Times for coming to visit us and publishing such a great piece on the Company, in case you missed it the link is here: https://www.nytimes.com/2018/08/21/business/energy-environment/oil-sands-utah.html
Sincerely,
David Sealock, Chief Executive Officer
Operations Update
Management has completed the unification, testing, calibration and adjustment of the 14 processes that constitute Petroteq’s patented extraction system. The Asphalt Ridge plant is now in commercial production, adding 200 barrels (or more) into its storage tanks daily which have a storage capacity of 3,000 barrels. Management intends to increase production at a rate of an additional 10% of total capacity in each of the coming weeks until it reaches Petroteq’s goal of 1,000 bpd. Transportation of the oil off site into its chosen markets, inclu
Thank you very much for relaying those items from the AGM.The Petroteq news is very very positive as it will show as an asset for MYN.On that point alone the Mckcap is potentially way too low.
Thanks again.
I would suggest that the indirect stake in PQE and stake in Block Energy is potentially worth much more than current Mckcap of 6.5Million pounds.So anything from MYns core wells are on top.Raise at .6 by HNWIs tells me positives will follow todays summary of the last few months that are now behind us.Never forget Eddie has large skin in the game.
Opportunity!
Good Luck.
is gonna make the local Myn/Petroteq bashers here look exactly what they are,no nothing half wits who spend all their precious time on an anonymous BB bashing,while the guys who really count are at the Well Heads getting on with the serious stuff.Asphalt Ridge has unlimited potential and MYN has a nice 8% stake in this unlimited potential.Oh and by the way you show me an O&G company that hasn't raised cash through either a placing/credit line and I'll show you a failure.Once the cat is out of the bag regarding Petroteq's extraction TECH then people will be throwing money at them from all angles. Advice to would be investors in MYN/Petroteq,do your own resrearch and read up on what's coming our way and then make your own mind up.Ignore the negative noise on here and read up.You will like what you see,I have put my own cash on it. Good luck to serious investors.