PQE.V - Petroteq Energy Inc.
| Previous Close | 0.1900 |
| Open | 0.2000 |
| Bid | 0.1950 x 0 |
| Ask | 0.2050 x 0 |
| Day's Range | 0.2000 - 0.2100 |
| 52 Week Range | 0.1750 - 0.7000 |
| Volume | 93,575 |
| Avg. Volume | 263,010 |
| Market Cap | 39.177M |
| Beta (3Y Monthly) | 0.30 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.2110 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.34 |
- GlobeNewswire
Petroteq Announces Update on Oil Production and Oil Quality Baseline
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons without the use of water, is pleased to announce an update on oil production and the facilities oil quality baseline. The Company has an environmentally safe and sustainable technology for the extraction of heavy and bitumen from oil sands, oil shale deposits and shallow oil deposits.
- GlobeNewswire
Petroteq Announces Completion of Automation, Strategic Account Payment Structure With Valkor Oil and Gas and Appoints New Advisory Board Member
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce the completion of facility automation, a strategic account payment structure with Valkor Oil and Gas (“Valkor”) and the addition of Dr. Mark Rollins to its advisory board. The Company has completed the automation of the front end processes for sand separation, oil quality control and centrifugal agitation. The Company believes that with the engineering and technical assistance from Valkor and Alfa Laval, its production of crude oil and potential reduction in operating, maintenance and labor costs will now be achieved.
- GlobeNewswire
Petroteq Reports Planned Automation Completion Date
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), an oil sands mining and production company, is pleased to announce that the Company will complete the automation of certain processes at its Asphalt Ridge processing facility in Utah (the “Plant”) on or about November 20th, 2019. The Company’s automation of the front end processes at the Plant, consisting primarily of the sand separation process, oil quality process and centrifugal process, is being implemented with engineering and technical assistance from Valkor Engineering and Alfa Laval and is expected to provide both increased efficiencies in the production of crude oil and a reduction in operating, maintenance and labor costs. Automation of the Plant’s front end processes will substantially reduce manual intervention and allow for a potential increase in production at or near 300 barrels/shift, followed by an increase we intend to accomplish by adding more production time while moving the company forward, toward profitability.
- GlobeNewswire
Petroteq Announces Agreement to Amend Debentures
Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces that, subject to TSX Venture Exchange (“TSXV”) approval, it intends to amend two 12 month unsecured convertible debentures, originally issued in October 2018, for an aggregate of US$500,000 principal amount bearing interest at a rate of 10% per annum and payable on maturity. Accordingly, the debentures would be convertible into an aggregate of up to 2,941,176 common shares of the Company. The amended and restated debentures will be subject to resale restrictions, including, without limitation, a Canadian four-month hold period. The Company has also issued to an arm’s length lender a US$200,000 principal amount unsecured convertible debenture, and warrants exercisable for up to 555,555 common shares of the Company at US$0.18 per share for 12 months.
- GlobeNewswire
Petroteq Achieves Higher Oil Quality
FSE: PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce that the Company has achieved sales of high quality heavy oil from its Asphalt Ridge facility in Utah. Three important characteristics in comparing the qualities of different crude oils are specific gravity (API gravity), the amount of base sediment and water (BS&W), and sulfur content.
- GlobeNewswire
Petroteq Demonstrates Stabilized Production
FSE: PQCF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, is pleased to announce that the Company has achieved stabilized production rates and sales of heavy oil from its Asphalt Ridge Facility in Utah.
- GlobeNewswire
Petroteq Announces Closing of Financings
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces a final closing of its previously announced (September 17, 2019) equity financing at US$0.18. The Company raised gross proceeds of US$500,000 through the issuance of 2,777,777 units at US$0.18 per unit, with each unit consisting of one common share of the Company, and one share purchase warrant, with each warrant entitling the holder thereof to acquire an additional common share at US$0.23 per share for 24 months. The Company has also issued to an arm’s length lender a US$240,000 principal amount (including an original issue discount of 20%) unsecured convertible debenture, and warrants exercisable for up to 1,176,470 common shares of the Company at US$0.20 per share for 15 months.
- GlobeNewswire
Petroteq Announces Recommencement of Production at Asphalt Ridge Facility
FSE: PQCF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, is pleased to announce that the Company has recommenced production today from the Asphalt Ridge Facility in Utah. Completing the planned equipment modifications to the sand separation process, fluid extraction process, and the clean sand production process, marks a significant milestone for Petroteq’s proprietary oil extraction solvent technology.
- GlobeNewswire
Petroteq Announces Commissioning of Asphalt Ridge Facility
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces that the Company’s field operations and engineering staff have initiated the commissioning processes and sequences for the new equipment as final connections to the new heated augers, and mixer tank material tie-ins to the pre-oil tank on the sand separation equipment have been completed. The Company also announces it has received irrevocable subscriptions for 6,091,336 common shares of the Company at US$0.13 per share for gross proceeds of US$791,874 (including $90,500 from Alex Blyumkin, the Executive Chairman and a director of the Company).
- GlobeNewswire
Petroteq Announces Closing of Financing
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces the issuance to an arm’s length lender of a US$480,000 principal amount (including an original issue discount of 20%) unsecured convertible debenture, and warrants exercisable for up to 2,666,666 common shares of the Company at US$0.15 per share for 12 months. The debenture has a term of 12 months and bears interest at a rate of 3.3% per annum payable on maturity, and at the option of the holder the purchase amount of the debenture (excluding the original issue discount of 20%) is convertible into 2,666,666 common shares of the Company at US$0.15 per share in accordance with the terms and conditions set out in the debenture.
- GlobeNewswire
Petroteq Reports Positive Progress for its Proposed Vernal, Utah Plant 3,000 Barrel Expansion
FSE: PQCF), a fully integrated surface oil sands mining oil company with patented - proprietary clean oil recovery technology (CORT), is pleased to announce that the 30-day comment period for the Company’s 3,000 barrel per day expansion permit has ended and the State of Utah, Department of Oil, Gas, and Mining Division (UDOGM) did not receive any comments on the Company’s Significant Revision Notice of Intent (NOI). The UDOGM has indicated that based on the tentative approval letter issued on July 23, 2019, and since UDOGM received no comments, UDOGM can now formally approve the Company’s proposed expansion NOI, contingent on the final modification to the reclamation contract and an increase to the surety bond currently in place with the UDOGM to meet the requirements of the modified reclamation contract.
- GlobeNewswire
Petroteq Achieves Milestones in Emerging International Opportunities
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce that the Stage 1 laboratory testing with the oil sands samples provided by a separate Asian energy firm using the Company’s CORT on oil sands samples was completed on August 15, 2019. The successful preliminary Stage 1 test results demonstrated that Petroteq’s proprietary technology was able to recover a maximum oil content of approximately 20% saturation, with results approaching greater than 90% yield of heavy oil from the supplied surface minable heavy oil project samples.
- GlobeNewswire
Petroteq Announces Closing of Resource Acquisition
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce the closing of its acquisition of an additional 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, as previously announced on April 16, 2019. All shares issued pursuant to the transaction will be subject to a four-month hold period. The Company also announces the issuance to an arm’s length lender of a US$300,000 principal amount (including an original issue discount of 20%) unsecured convertible debenture, and warrants exercisable for up to 1,315,789 common shares of the Company at US$0.24 per share for 15 months.
- GlobeNewswire
Petroteq Announces Effectiveness of Form 10 Registration Statement
Sherman Oaks, CA, July 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated oil and gas company, announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission (the “SEC”) became effective on July 12, 2019. Following the effective date, the Company will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended. This means the Company will begin filing annual reports with the SEC on Form 10-K, quarterly reports on Form 10-Q, periodic reports on Form 8-K and subject itself to additional SEC reporting obligations related to proxies, shareholder actions and stock ownership rules. The Form 10 filing provides investors detailed and audited information about the Company’s operations, including an overview of the business strategies, risk factors and financial statements.
- GlobeNewswire
Petroteq Announces Technology Licensing Agreement
FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, is pleased to announce that it has entered into a non-exclusive technology licensing agreement with Valkor LLC, a company based in Katy, Texas (www.valkor-offshore.com). The technology licensing agreement (the “Agreement”) grants to Valkor the right to use Petroteq’s proprietary patented technology to engineer, construct, operate and finance oil sands extraction plants (individually, a “Plant”) to transform highly oil saturated feed ore recovered from mining operations to heavy crude.
- GlobeNewswire
Petroteq Invites Shareholders to “Follow the Molecule”
FSE: PQCF), a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction, is pleased to invite shareholders to view “Follow the Molecule”, a seven minute video produced by V6 Media that provides a virtual tour of the Company’s Asphalt Ridge oil sands processing facility while operations are underway. “Follow the Molecule” provides a unique opportunity for shareholders and analysts to view the revolutionary, environmentally friendly process that the Company has implemented to exploit its total gross contingent resource of in excess of 130 million barrels of surface oil sands heavy oil in place, based on the Chapman Petroleum Engineering, Ltd. resource reports for Asphalt Ridge and PR Springs and Tar Sands Triangle, dated August 8, 2018 and December 31, 2018, respectively.
- Zacks Small Cap Research
PQEFF: Petroteq Energy Is Generating Revenues from Bitumen Oil Sales
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. On April 29, 2019, Petroteq reported results for the second fiscal quarter ending February 28, 2019.
- GlobeNewswire
Petroteq Energy Announces Closing of Financing
FSE: PQCF), a fully integrated oil and gas company, announces the closing of a private placement for aggregate gross proceeds of US$985,950 for 3,775,875 common shares in the capital of the Company (a “Common Share” or “Common Shares”) and warrants exercisable for 3,431,828 Common Shares. All securities issued pursuant to the financing are subject to a four-month hold period.
- GlobeNewswire
Petroteq Energy Confirms no Material Undisclosed Information
SHERMAN OAKS, Calif., May 16, 2019 -- Petroteq Energy Inc. (the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), at the request of the Market Surveillance group of the Investment.
- GlobeNewswire
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
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
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
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.