from Petroteq back then over 300 bpd before upgrades5 Mar 2021 16:49
SHERMAN OAKS, Calif., March 02, 2020 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) ??(TSXV:PQE; ?OTC:PQEFF; FSE:PQCF), an integrated oil ?company focused on the development and implementation of its proprietary oil-?extraction and remediation technologies, is pleased to announce that after a scheduled ?temporary maintenance shutdown in January 2020, during which various process ?improvements and adjustments were completed, it re-commenced production at its ?Asphalt Ridge facility located in Vernal, Utah (the “Plant”) and since re-commencement ?on February 19, 2020 has produced approximately 1,900 barrels of oil thus achieving an average ?daily production rate of over 300 bbls/day on a continuous basis. The maintenance ?shutdown allowed the team to make adjustments and complete installation of critical ?additional equipment. Furthermore, Valkor Engineering used this time to run a testing ?regimen on the plant which will provide the final data points needed for a proposed ?expansion of the Asphalt Ridge Facility to up to 4,000 bbls/day of capacity.?