PQCF.F - Petroteq Energy Inc.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
0.2225
+0.0035 (+1.60%)
At close: 8:04AM CEST
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Previous Close0.2190
Open0.2225
Bid0.2200 x 0
Ask0.2760 x 0
Day's Range0.2225 - 0.2225
52 Week Range0.1198 - 0.8830
Volume1,000
Avg. Volume2,906
Market Cap33.107M
Beta (3Y Monthly)-2.41
PE Ratio (TTM)N/A
EPS (TTM)-0.2110
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Petroteq Announces Closing of Financings

    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$240,000 principal amount (including an original issue discount of 20%) unsecured convertible debenture, and warrants exercisable for up to 952,380 common shares of the Company at US$0.26 per share for 15 months. The debenture has a term of 15 months and bears interest at a rate of 7% per annum payable quarterly, and at the option of the holder the purchase amount of the debenture (US$200,000) is convertible into 952,380 common shares of the Company at US$0.21 per share in accordance with the terms and conditions set out in the debenture. The Company also announces it has closed its previously announced (September 17, 2019) equity financing of 6,091,336 common shares of the Company at US$0.13 per share for gross proceeds of US$791,874.

  • 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.

  • 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.

  • 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.

  • GlobeNewswire

    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

    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

    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
    GlobeNewswire

    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.

  • GlobeNewswire

    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

    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

    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

    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.

  • GlobeNewswire

    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
    GlobeNewswire

    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.