PQEFF - Petroteq Energy Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.1943
-0.0032 (-1.62%)
At close: 3:59PM EDT
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Previous Close0.2056
Open0.2054
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1895 - 0.2005
52 Week Range0.1895 - 1.4300
Volume144,698
Avg. Volume263,580
Market Cap25.032M
Beta (3Y Monthly)-0.02
PE Ratio (TTM)N/A
EPS (TTM)-0.2310
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • GlobeNewswire11 days ago

    Petroteq Announces Closing of Financing

    FSE: PQCF), a fully integrated surface oil sands mining oil company with proprietary technology, announces the closing of a private placement for aggregate gross proceeds of US$1,546,149.38 for 6,732,402 common shares in the capital of the Company (a “Common Share” or “Common Shares”) and warrants exercisable for 4,601,980 Common Shares. All securities issued pursuant to the financing are subject to final TSX Venture Exchange (“TSXV”) approval and will be subject to a four-month hold period.

  • GlobeNewswire15 days ago

    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.

  • GlobeNewswire28 days ago

    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 Researchlast month

    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.

  • GlobeNewswire2 months ago

    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.

  • GlobeNewswire2 months ago

    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.

  • GlobeNewswire3 months 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.

  • GlobeNewswire3 months 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 Research3 months 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 ...

  • GlobeNewswire4 months 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.

  • GlobeNewswire4 months 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.

  • GlobeNewswire4 months ago

    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.

  • GlobeNewswire4 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.

  • Petroteq Energy Announces Production of Oil
    GlobeNewswire5 months ago

    Petroteq Energy Announces Production of Oil

    Sherman Oaks, CA, Feb. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Petroteq Energy Inc.(the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), 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 primarily on upgrading the front-end and recovery processes at the Plant, which we believe will ensure year-round production capability. The Company anticipates increasing production to 700 barrels/day by the end of February and reaching 1,000 barrels/day by the end of March.

  • GlobeNewswire5 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.

  • GlobeNewswire5 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.

  • GlobeNewswire5 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,.

  • GlobeNewswire5 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 Research5 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.

  • GlobeNewswire6 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.

  • Petroteq Energy 2018 Year-End Review
    GlobeNewswire7 months ago

    Petroteq 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.

  • GlobeNewswire7 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,.

  • GlobeNewswire8 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.