PQE.V - Petroteq Energy Inc
| Previous Close | 0.3600 |
| Open | 0.3600 |
| Bid | 0.3650 x 0 |
| Ask | 0.3700 x 0 |
| Day's Range | 0.3500 - 0.3700 |
| 52 Week Range | 0.3500 - 1.8400 |
| Volume | 113,900 |
| Avg. Volume | 130,893 |
| Market Cap | 46.683M |
| Beta (3Y Monthly) | 0.38 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.2500 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.45 |
- GlobeNewswire•8 days ago
Petroteq Energy Announces Proposed Resource Acquisition
This acquisition, combined with the Company’s acquisition, completed and announced last week of 50% of the operating rights and interests under the same leases, will give the Company 100% of the operating rights for oil sands development under the leases. As previously reported, the lands included in the leases are located in P.R. Springs and the Tar Sands Triangle, two areas that have been designated as “Special Tar Sands Areas” by the U.S. Bureau of Land Management. Pursuant to the proposed acquisition, TMC Capital, LLC (“TMC”), an indirect wholly owned operating subsidiary of the Company, will acquire from Petrollo LP Corp (“Petrollo”), a Nevada corporation, an undivided 50% interest in the operating rights (working interests) under a federal oil and gas lease located in P.R. Springs and five federal oil and gas leases located in the Tar Sands Triangle.
- GlobeNewswire•21 days ago
Petroteq Energy Announces Closing of Resource Acquisition
FSE: PQCF), a fully integrated oil and gas company, announces the closing and issuance of 15,000,000 common shares to Momentum Asset Partners I, LLC representing the equity component of the consideration payable by the Company pursuant to the acquisition from Momentum of 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. In addition, the Company announces that the closing of the subscriptions for 1,730,263 common shares and warrants exercisable for 1,481,481 common shares for gross proceeds of US$482,000, as previously announced on March 25, 2019. The Company also announces the execution of an agreement with an arm’s length supplier wherein the Company has agreed to issue the supplier 700,000 common shares of the Company in consideration for the Company’s decision not to proceed with the purchase of certain pieces of used equipment as they had made a strategic business decision to purchase new equipment from a different supplier. The issuance of the shares is subject to TSX Venture Exchange approval and will be subject to a four-month hold period.
- Zacks Small Cap Research•21 days ago
PQEFF: Petroteq Energy Producing Oil at a Rate Over 500 bpd at Asphalt Ridge
By Steven Ralston, CFA OTC:PQEFF | TSX:PQE READ THE FULL PQEFF RESEARCH REPORT Petroteq Energy (OTC:PQEFF) (TSX:PQE) is an upstream exploration and production (E&P) company focused on advancing its proprietary ...
- GlobeNewswire•26 days ago
Petroteq Energy Announces Continuous Production
This is a significant milestone as the Company demonstrates the commercial viability of its first in kind technology that has the potential to be a disruptive technology giving the Company a competitive advantage and licensing opportunity in the clean extraction of oil sands. Petroteq is one of the first companies to produce oil from the multi-billion barrel surface bitumen oil sands resource in Utah and is has the potential to be a leader in the oil sands play in coming years. The Asphalt Ridge oil sands processing facility is designed to produce 1,000 bpd and the Company anticipates achieving new rated production capacity near term.
- GlobeNewswire•29 days ago
Petroteq Energy Announces Shares for Debt Transactions and Share Subscriptions
The Company has agreed to complete two shares for debt transactions, pursuant to which it will issue an aggregate of 400,000 common shares in satisfaction of US$185,000 of indebtedness (300,000 shares at a deemed price of US$0.50 per share and 100,000 shares at a deemed price of US$0.35 per share) currently owed to two arm’s length service providers. 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 are subject to TSX Venture Exchange (the “TSXV”) approval and will be subject to a four-month hold period.
- GlobeNewswire•last month
Petroteq Energy Announces Oil Sales
Petroteq is reporting that, on March 18, 2019, oil production sales have commenced at the Asphalt Ridge facility. Two loads of 250 barrels of oil having an API gravity of 17 were sold, with additional oil remaining in crude oil storage tanks located at Petroteq’s processing facility on our Asphalt Ridge lease in Utah. The Company and its management view this sale as significant since the specifications and characteristics of this oil produced to meet our buyer’s requirements – departs from the lighter API 35-degree oils previously produced and sold.
- GlobeNewswire•2 months ago
Petroteq Energy Announces Investment by Chairman
The Company is pleased to announce the subscription by Alex Blyumkin, the Executive Chairman and a director of the Company, for 2,222,222 common shares of the Company at US$0.45 per share for gross proceeds of US$1,000,000. “The continuing progress of our company in the expansion of our Utah oil sands facility, combined with our business development strategies, have been encouraging and, in my view, merit further investment in the company,” stated Mr. Blyumkin. All shares issued pursuant to the transaction are subject to director and TSX Venture Exchange approval and will be subject to a four-month hold period.
- Newsfile•2 months ago
Petroteq Energy Announces Production of Oil
Sherman Oaks, California--(Newsfile Corp. - February 21, 2019) - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) (the "Company"), a fully integrated oil and gas company, is pleased to announce that it has completed its first maintenance turnaround at its oil sands processing facility (the "Plant") located near Vernal, Utah, and has recommenced the production of oil from the Plant at 300-350 barrels/day. During the recent maintenance turnaround, the Company focused ...
- GlobeNewswire•2 months ago
Petroteq Energy Announces Investment by CEO
The Company is pleased to announce a proposed private placement with three arm’s length subscribers of up to 7,242,424 common shares of the Company at US$0.33 per share for gross proceeds of US$2,390,000. The Company also proposes to issue 571,442 common shares in satisfaction of US$228,578 of accrued and unpaid sitting fees to December 31, 2018 currently owed to its five directors and Corporate Secretary. The individuals and the Company determined to satisfy the foregoing indebtedness with securities in order to preserve the Company’s cash for use on its extraction technology in Asphalt Ridge, Utah and for working capital.
- GlobeNewswire•2 months ago
Petroteq Energy Announces Resource Acquisition
The lands included in the leases are located in P.R. Springs and the Tar Sands Triangle, two areas that have been designated as “Special Tar Sands Areas” by the U.S. Bureau of Land Management. The details of the acquisition are as follows: TMC Capital, LLC (“TMC”), an indirect wholly owned operating subsidiary of the Company, will acquire an undivided 50% interest in the operating rights (working interests) under a federal oil and gas lease located in P.R. Springs and five federal oil and gas leases located in the Tar Sands Triangle. Under this transaction, TMC will pay Momentum Asset Partners I, LLC, a Nevada limited liability company, total consideration of US$10.8 million, US$1.8 million payable in cash and US$9 million payable in shares, namely 15 million common shares of the Company, at a deemed value of US$0.60 per share, representing a premium of approximately 76% from the last closing price of the common shares.
- GlobeNewswire•2 months ago
Press Release Retraction: Petroteq Retracts Press Release Issued on February 6, 2019 Regarding Shares for Debt
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. SHERMAN OAKS,.
- GlobeNewswire•2 months ago
Petroteq Energy Announces Issuance of Securities
FSE: PQCF), a fully integrated oil and gas company, announces it has agreed to complete a shares for debt transaction, pursuant to which it proposes to issue 23,076,923 common shares in satisfaction of a promissory note (the “Note”) for US$6 million issued by TMC Capital, LLC (“TMC”), an indirect wholly owned subsidiary of the Company, to an arm’s length party (the “Seller”). The Company determined, and the Seller agreed, to satisfy the Note with common shares in order to preserve its cash for use on its extraction technology in Utah, and for working capital. The shares will be issued upon execution of a definitive agreement, acceptance by the TSX Venture Exchange and approval by the directors of the Company.
- Zacks Small Cap Research•3 months ago
PQEFF: Zacks Initiates Coverage of Petroteq Energy
Petroteq Energy (PQEFF) (PQE.V) is an upstream exploration and production (E&P) company focused on advancing its proprietary Clean Oil Recovery Technology (CORT). Currently, the company is ramping up bitumen oil production at its newly commissioned 1,000 bpd facility at Asphalt Ridge in Utah with the oil sands feedstock is being mined from the company’s adjacent property. Along Asphalt Ridge, the company controls 2,542 acres of mineral leases, for which a NI 51-101-compliant Contingent Resources report establishes a Best Estimate (at the P-50 confidence level) of discovered bitumen initially-in-place (DBIIP) of 87,495,000 STB.
- GlobeNewswire•3 months ago
Petroteq Energy Announces Closing of Financings
The Company issued to an arm’s length lender a US$2,400,000 principal amount (including an original issue discount of 20%) secured convertible debenture. The debenture has a term of nine months and bears interest at a rate of 5% per annum payable at maturity and at the option of the holder the purchase amount of the debenture (excluding the original issue discount of 20%) is convertible into 5,000,000 common shares of the Company at US$0.40 per share in accordance with the terms and conditions set out in the debenture. The Company issued to an arm’s length lender a US$143,750 principal amount (including an original issue discount of 15%) convertible debenture, along with warrants exercisable for up to 260,416 common shares of the Company at a price of US$0.48 per share until the date that is four months and one day from the date of issuance.
GlobeNewswire•4 months agoPetroteq Energy 2018 Year-End Review
As we begin to close out 2018, and 2019 fast approaches, I’d like to take this opportunity to reflect on Petroteq’s progress in 2018 and provide insight into our near-term strategy and goals for the Company. Developed specifically for our patented, environmentally friendly clean oil recovery technology and production process, our Vernal, Utah facility was successfully relocated, reconstructed and restarted earlier this year. Furthermore, upon receipt of the necessary capital, the Company intends to expand the Vernal facility beyond the current capacity of 1,000 bpd. Petroteq’s board recently brought the matter of a 1 for 10 consolidation of the Company’s common shares to a shareholder vote, a necessary corporate action for Petroteq in order to reach a minimum share price requirement for listing on the NASDAQ Capital Market.
- GlobeNewswire•4 months ago
Petroteq Energy Provides Corporate Update
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. SHERMAN OAKS,.
- GlobeNewswire•5 months ago
Petroteq Energy Announces Subscriptions for Shares
FSE: PQCF), a fully integrated oil and gas company, announces it has received an additional irrevocable subscription towards its previously announced private placement of up to US$3 million. The new subscription agreement is for 1,111,111 common shares at US$0.54 and warrants exercisable at US$1.50 for 1,111,111 common shares for gross proceeds to the Company of US$600,000. To date, the Company has received irrevocable subscriptions for 3,224,378 common shares at prices ranging from US$0.54 to US$0.85 and warrants exercisable at US$1.50 for 2,873,550 common shares for gross proceeds to the Company of US$1,925,000.
- Newsfile•5 months ago
Petroteq Delivers Oil to the Market
Sherman Oaks, California--(Newsfile Corp. - November 14, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a fully integrated oil and gas company, is pleased to announce that it has begun delivering oil into its regional market.Petroteq Delivers Oil to the MarketTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5581/41056_d9bf850264fc7a5f_001full.jpg"Our first sale of our product this week represents a critical milestone in Petroteq's evolving history," stated ...
- Newsfile•6 months ago
Petroteq Energy Receives Air Quality Exemption at Asphalt Ridge to Begin Oil Sales
Sherman Oaks, California--(Newsfile Corp. - November 6, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) (the "Company") a fully integrated oil and gas company, is pleased to announce that it has received a Small Source Exemption from the Utah Department of Environmental Quality, Division of Air Quality for its Vernal, Utah facility. Figure 1: Petroteq EnergyTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5581/40899_7d6d0349c4264843_001full.jpgThe receipt of the ...
