Category Archives: Petroteq Energy Inc. PQEFF

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) CEO to Present at the Microcap Conference

March 29, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it will be presenting at the MicroCap Conference on April 9 at the Essex House in New York City. The company’s CEO David Sealock will be presenting a corporate overview primarily focused on Petroteq’s proprietary technology for oil extraction. The presentation will also cover PetroBLOQ, a blockchain based platform being developed for the supply chain needs of the oil and gas sector. Sealock will also be conducting one-on-one meetings and hosting a Q&A session with investors. Additionally, the company announced that it has closed a private placement of 107,525 common shares of the company for gross proceeds of $100,000. The company also closed a private placement of 114,678 common share units of the company for gross proceeds of $125,000, with each unit consisting of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one common share of the company at an exercise price of $1.50 per share until March 9, 2020.

To view the full press release, visit http://ibn.fm/NTJN3

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Names New CEO

March 27, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that its board of directors has appointed David Sealock as its new chief executive officer. Per the update, Alex Blyumkin will continue to serve as chairman of the company’s board of directors. “We believe David’s aptitude and capabilities will allow us to take Petroteq to the next level as we make significant progress in our Utah facilities and also move forward on building our PetroBloq consortium,” Blyumkin stated in the news release. “He is a well-rounded leader that has been known for initiating innovative technologies for cost efficiencies and has successfully completed a US$150M equity financing and US$200 million debt financing under his stewardship while he was President and CEO with Sunshine Oilsands. He is an executive that understands the depths of corporate governance and the regulatory policies and procedures in running a publicly traded company. As a technical professional, he has led large-scale transformation efforts within complex organizations to establish a clear line of sight to revenue growth goals and we believe he is the right person to lead the Company into the next stage of growth.”

To view the full press release, visit http://ibn.fm/YjWyt

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Patented Technology Delivers Environmentally Safe, Profitable Product

March 23, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, is engaged in developing an environmentally-friendly solution for extracting shale oil as demand for the natural resource rises. An article discussing the company reads: “Petroteq Energy’s unique, patented shale oil extraction process marries the goal of delivering a profitable product with the company’s vision of environmental stewardship. Petroteq is focused on maximizing the efficiencies and green features of its oil extraction technology, which requires no water, high temperatures or pressure and creates no greenhouse gases. The closed-loop system boasts a 99 percent average oil extraction rate and leaves behind processed, clean sands that can be sold or returned to the place of origin. This concept of employing innovative technologies that produce oil while leaving a very small environmental footprint is a Petroteq Energy specialty (http://ibn.fm/gi1GK).”

To view the full article, visit http://ibn.fm/2tndC

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. The company’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Uses Oil Sands Technology to Get the Dilbit Flowing in Utah

March 21, 2018

  • Renovated Asphalt Ridge facility is good to go
  • Output capacity now 1,000 barrels per day
  • International promotion of blockchain oil and gas supply management platform continues

Blessed by an abundance of bitumen, Utah has become the center of the U.S. oil sands industry. The state has the largest individual deposits of bitumen in the United States, as well as the highest number of oil sands occurrences. Together, these bitumen deposits contain a yield equivalent to at least 30 billion barrels of oil, making Utah the source of 55 percent of U.S. oil sand crude. The deposits are primarily located in central southeastern Utah and the Uinta Basin of northeastern Utah. In the latter location, Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is working its Asphalt Ridge property. The company is applying its patented liquid extraction system to refine bitumen – technology that’s set to get the dilbit (diluted bitumen) flowing more freely in Utah.

Dilbit is bitumen to which either conventional light crude or natural gas liquids have been added to reduce viscosity. Bitumen, a type of crude oil found in natural oil sands deposits, is too thick to be pumped through pipelines as extracted. Consisting of sand, water and oily compounds, bitumen is the heaviest sort of crude in use today, more deserving of the label ‘tar’ than ‘oil’. Extracted bitumen is said to look and behave like black peanut butter. The largest global deposits are in Venezuela and Canada, containing, respectively, 267 billion and 200 billion barrels of recoverable crude.

Petroteq Energy Inc. has developed its patented, environmentally safe, continuous flow, closed loop technology – a first in North America and probably in the world – to extract bitumen oil from oil sands. The technology, the result of almost five years of research by Petroteq’s research and engineering teams led by Chief Technology Officer Dr. Vladimir Podlipskiy, depends on a patented solvent/surfactant. It can be effectively applied to both ‘water-wet’ deposits (such as the oil sands projects in Alberta, Canada) or the ‘oil-wet’ deposits found in Utah.

In February 2018, Petroteq announced that it had completed relocation and renovation work at its Asphalt Ridge Utah Plant. The improvements, which will expand output capacity to 1,000 bpd (barrels per day), included:

  • Reassembly of the main structure;
  • Installation of a motor control center to accommodate wiring for motors, pumps and mechanical equipment in preparation for future expansion of output capacity;
  • Installation of the main mixing tank, second mixing tank and fin fan cooler at the new site;
  • Replacement of the steam heater with a new, superior hot oil heater;
  • Installation of several new pumps to facilitate oil and solvent flow; and
  • Installation of earth berms for environmental protection.

Petroteq’s Temple Mountain Mine mineral lease at Asphalt Ridge covers over 3,000 acres in northeastern Utah, with an estimated 139.5 million gross barrels of bitumen (total bitumen initially in place), as disclosed in a 2015 independent resource evaluation report prepared by Chapman Petroleum Engineering Ltd. in accordance with the Canadian Oil and Gas Evaluation Handbook (“COGEH”). Of this gross volume of bitumen in place, Chapman estimated that 87.8 million barrels would, under favorable circumstances, support very positive mining economics. These 87.8 million barrels would be classified as a ‘Contingent Resource’ under current NI 51-101 and COGEH criteria.

Since modernization and reactivation, the Asphalt Ridge facility has been undergoing operational tests. These were completed in early March 2018, and the plant is now fully permitted for production. The company has received an Air Exemption Permit based on its patented closed-loop, zero-emission technology and a Ground Water Discharge Permit certifying that the construction and operation of the plant will have no deleterious impact on the quality of the surrounding ground water.

As well as reactivation of the Asphalt Ridge facility, Petroteq is continuing to promote its novel blockchain oil and gas supply chain management platform, PetroBLOQ. The company plans to open marketing offices in key strategic international markets, initially targeting Switzerland, Russia and Ukraine (http://ibn.fm/ZmZQz). PetroBLOQ is building a consortium of oil and gas producers. The platform has already signed up PEMEX, the Mexican state-owned petroleum company, and SOCAR Energy Ukraine, Ltd. (“SOCAR”), a subsidiary of the State Oil Company of Azerbaijan Republic.

For more information, visit the company’s website at www.Petroteq.energy

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About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Creating Value with Disruptive Blockchain Initiative

March 19, 2018

  • Petroteq announces new office, staff and features for its blockchain platform
  • PetroBLOQ is first blockchain platform developed exclusively for the supply chain needs of oil and gas sector
  • Oil industry pioneer with history of patented environmental solutions

With its patented and proprietary technologies that produce zero greenhouse gas and zero waste, Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) established itself as a pioneer in the environmentally safe extraction of heavy oils from oil sands and oil shale deposits. Petroteq is about to set another industry milestone with its new blockchain initiative, PetroBLOQ, to become the first blockchain-based platform developed exclusively for the supply chain needs of the oil and gas sector.

Back-to-back press releases issued in March 2018 outline some details of Petroteq’s pioneering initiative. The company’s release on March 9 announced the opening of its PetroBLOQ Blockchain Labs in California (http://ibn.fm/FH5YN). The company has leased purpose-built space and staffed the facility with blockchain and smart contract developers and UX/UI designers. The PetroBLOQ team is focused on developing robust blockchain capabilities, beginning with proofs-of-concept that can be developed into functioning prototypes with the objective of the platform integrating with existing solutions in the oil and gas supply chain. PetroBLOQ is only a part of the company’s broad strategic investment around digital transformation and innovation in oil and gas supply chain management.

In a news release, Alex Blyumkin, CEO of Petroteq, stated, “Technological innovation is a top priority for Petroteq— the company intends to continue to strategically invest in technology to benefit our industry, where success or survival depends heavily on being innovative.” Petroteq’s PetroBLOQ blockchain initiative is fast gaining acceptance from oil majors, like Pemex and Socar, and the company anticipates adding additional energy producers to its roster of partners when its technology is further developed.

After receiving numerous expressions of interest from industry participants and the trade press, Petroteq announced components and features of its proposed blockchain-based oil and gas supply management platform on March 13 (http://ibn.fm/0F8Jj). Through the deployment of a network of Internet of Things (IoT) sensors throughout a facility to monitor operations, PetroBLOQ intends to use proprietary blockchain technology to start and end processes and adjust parameters using the data collected by its IoT sensor network. The company believes that the PetroBLOQ blockchain platform will make oil production, facilities maintenance, and capacity upgrades more cost efficient and transparent, and it expects that the platform will provide a safer working environment for its users. PetroBLOQ believes that these technologies will extend to wearable devices, offering smart analytics that will maximize production efficiency and reduce the manpower required to operate a facility.

“PetroBLOQ recently opened its development labs for blockchain solutions for the oil & gas industry and looks forward to being at the forefront of the deployment of technologically advanced solutions for our industry,” Blyumkin added.

With a history of creating value by delivering unique industry-specific solutions, Petroteq now intends to disrupt industry norms and create enormous new value with its pioneering blockchain initiative, PetroBLOQ.

For more information, visit the company’s website at www.Petroteq.energy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Highlights Plans for International Expansion

March 14, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning detailed plans to open new marketing offices in a number of key strategic markets, including Switzerland, Russia and Ukraine. Per the update, the company expects these new offices to provide an important strategic advantage as it continues to develop PetroBLOQ, its innovative supply chain management platform, based on advanced blockchain distributed ledger technology, for the oil and gas industry. “We have been gaining traction with oil and gas related companies to our PetroBLOQ platform and we feel that bolstering our international presence in key markets will create an advantage as we move forward with the platform’s development,” Alex Blyumkin, CEO of Petroteq, stated in the news release.

To view the full press release, visit http://ibn.fm/TQnKk

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Unveils Details of PetroBLOQ Platform’s Key Features

March 13, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, today announced details regarding the components and features of its anticipated blockchain based oil & gas supply management platform, PetroBLOQ. Among other highlights, some of the targeted capabilities of the PetroBLOQ platform include providing its users and employees with a safer work environment, maximizing production efficiency, and making oil production, facility maintenance and capacity upgrades more cost efficient and transparent. PetroBLOQ also intends on using blockchain to start and end processes and adjust parameters using the data collected by its Internet of Things (“IoT”) sensor network that will be deployed throughout the plant. “PetroBLOQ recently opened its development labs for blockchain solutions for the oil & gas industry and looks forward to being at the forefront of the deployment of technologically advanced solutions for our industry,” Petroteq CEO Alex Blyumkin stated in the news release.

To view the full press release, visit http://ibn.fm/Uz9BY

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Deploys Patented Oil Sands Extraction Technology to Expand Production Capacity

March 9, 2018

  • Two patents received from the U.S. and Canada for oil sands extraction technology
  • Proprietary technology is scalable, commercially proven and highly profitable
  • Technology used to increase production at Petroteq’s Utah facility to 1,000 barrels per day

In early January 2018, Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) announced that it had received two patents from the U.S. Patent Office and the Canadian Intellectual Property Office for its oil sands extraction process. The company has developed a unique continuous-flow oil extraction process utilizing closed loop technology that is environmentally safe. This technology was developed over a five-year period by Petroteq’s research and engineering teams. It has been independently evaluated by a reputable petroleum and chemical engineering company, Chapman Engineering, that has concluded that Petroteq’s oil sands extraction technology is scalable, cost effective and commercially proven.

The company has already produced approximately 10,000 barrels of oil using the new technology and is expanding its heavy oil extraction plant in Asphalt Ridge, Utah, to further increase production. Petroteq plans to increase the oil plant’s production capacity to 1,000 barrels per day after modifications and the implementation of its innovative extraction technology (http://ibn.fm/eRwUn). Utah contains around 55 percent of America’s total oil sands deposits, with a total oil resource of more than 30 billion barrels. Petroteq’s mineral lease in the state covers over 3,000 acres and features a large oil sands resource estimated at 87 million barrels of oil equivalent. The company’s patented and cost effective extraction process is expected to make development of this resource highly profitable.

Petroteq’s extraction technology (http://ibn.fm/n1Lto) is versatile, enabling its application to both oil-wet deposits, such as its resource in Utah, and to its water-wet oil sands deposits in Alberta, Canada. This technology uses no water in the extraction process, requires no high temperature or pressure to affect extraction and produces no greenhouse gases. It extracts up to 99 percent of all hydrocarbons and recycles up to 99 percent of benign solvents used in the process. Being a closed loop, the system also reduces the company’s environmental footprint and requires no tailings pond. The only elements leaving the system are the product, crude oil, and a solitary by-product, clean sands, which can be sold or put back in the earth.

Petroteq’s extraction process is based on patent-pending liquid fluidized bed technology. This enables continuous mixing of ore particles and solvents, providing continuous production with optimal material, mass and energy balances as opposed to the reduced efficiency of a batch process. There are several stages in the company’s extraction process:

  • Mined oil sands ore is crushed in preparation for processing;
  • Crushed ore is fed into the fluidized bed extractor, where bitumen is extracted using a solvent at temperatures between 50°C and 60°C;
  • Bitumen and solvent are pumped via an evaporator to a distillation column;
  • Crude oil, in the form of bitumen and other hydrocarbons, is separated from the solvent in the distillation column and then pumped to a storage tank;
  • The solvent is recycled and heated before being fed back into the extractor;
  • Purified sands leave the extractor to be dried.

The entire system is energy efficient, with heat generated during the process being recycled. It also produces crude oil with a very low sulphur content, making downstream processing less costly. The oil extracted from the Asphalt Ridge facility has an average viscosity rating of 14 API, making it far easier to transport than other crude oils.

For more information, visit the company’s website at www.Petroteq.energy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Opens PetroBLOQ Blockchain Lab

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced the opening of its Petrobloq Blockchain Lab. The space has been leased and staffed solely for the development of Petrobloq technologies. The company has made strategic hires over the past months, creating a Petrobloq team to focus on developing robust blockchain capabilities. Now that the team is in a single location, development is accelerating. Additionally, the Petrobloq labs team will concentrate on making the supply chain more efficient in the oil and gas industry. “Technological innovation is a top priority for Petroteq— the company intends to continue to strategically invest in technology to benefit our industry, where success or survival depends heavily on being innovative,” Petroteq CEO Alex Blyumkin stated in the news release.

To view the full press release, visit http://ibn.fm/tlI0a

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Announces Positive Report from Independent Evaluation of Asphalt Ridge Leases

March 8, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced the filing of its third party independent detailed assay and testing resource evaluation report. Per the update, the results from the report, which was completed by Wyoming-based Energy Labs, are consistent with the numerous studies performed on these oils by both academic institutions and major oil firms. “As we continue to make progress with the completion of our plant construction and the signing of our oil offtake agreement, we are extremely pleased with this report that confirms the quality of our oil sands assets,” Alex Blyumkin, chairman of Petroteq, stated in the news release. “Oil with high levels of heavy metals has a negative impact on the life of the catalysts in oil refineries. Our oil contains low levels of asphaltenes and very low metal levels making it attractive to oil refineries.”

To view the full press release, visit http://ibn.fm/7xsFq

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

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QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Names Newest Member of PetroBLOQ Consortium

March 7, 2018

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that a subsidiary of State Oil Company of Azerbaijan Republic, SOCAR Energy Ukraine, Ltd., is the newest member of the PetroBLOQ consortium. PetroBLOQ, which is being co-developed with First Bitcoin Capital Corp. (OTC: BITCF), is a blockchain-based oil and gas supply chain management platform based on a distributed ledger technology (“DLT”). The platform delivers an exclusive opportunity for oil and gas industry participants, such as SOCAR, to plan and guide blockchain development research in directions that maximize benefits to the industry. SOCAR will help recognize areas in need of improvement and collaborate on creating solutions to make domestic and international commerce easier, safer and more efficient for oil and gas companies. “We believe implementing blockchain solutions will help bring efficiencies to our industry and are pleased by the reception and support of prominent oil majors and industry partners that recognize these benefits. SOCAR, the second national oil company to join our consortium, will be an invaluable member to our process as we continue developing our platform,” Petroteq CEO Alex Blyumkin stated in the news release.

To view the full press release, visit http://ibn.fm/jAj7q

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. The company’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
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www.QualityStocks.com
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Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Patented Clean Technology Proving its Worth as Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Ups Shale Oil Production

March 6, 2018

  • Improvements to Utah plant expand capacity to 1,000 barrels per day
  • Environmentally safe, sustainable patented oil sands extraction technology
  • Development of PetroBLOQ technology set to improve supply chain management efficiency in oil and gas industry
  • Global oil shale market valued at over $13 billion in 2018, with North American producers expected to dominate

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a leading developer and provider of proprietary technology for the energy industry, is at the forefront of developing an environmentally safe solution for extracting shale oil as demand for the natural resource accelerates. The global oil shale market is valued at over $13 billion in 2018 and is expected to register a CAGR of 5.8 percent over the next decade, with North American producers leading the way (http://ibn.fm/PtBLx). Petroteq Energy, which has reached several important milestones in its strategic growth plan, has completed improvements to its Asphalt Ridge Utah Plant that will expand capacity to 1,000 barrels per day. Among the improvements are the installation of new pumps and a motor control center to improve efficiency, as noted by Petroteq CEO Alex Blyumkin.

“The reassembly of the plant at the new location reduces our costs going forward compared to the prior location. The new location, along with the addition of the new motor control center and new pumps to move our proprietary environmentally safe solvent and oil more efficiently puts us in a position to begin ramping up production next quarter,” Blyumkin said in a news release. “The new site also delivers on our promise to recover oil in a manner that has minimal environmental impact.”

Petroteq Energy’s unique, patented shale oil extraction process marries the goal of delivering a profitable product with the company’s vision of environmental stewardship. Petroteq is focused on maximizing the efficiencies and green features of its oil extraction technology, which requires no water, high temperatures or pressure and creates no greenhouse gases. The closed-loop system boasts a 99 percent average oil extraction rate and leaves behind processed, clean sands that can be sold or returned to the place of origin. This concept of employing innovative technologies that produce oil while leaving a very small environmental footprint is a Petroteq Energy specialty (http://ibn.fm/maC4A).

The company is also cutting down on production and supply chain costs through its subsidiary, PetroBLOQ LLC, which is seeking to develop a blockchain-based supply chain management platform for the oil and gas industry. The PetroBLOQ initiative has already attracted Pemex, Mexico’s state-owned petroleum company and one of the world’s top petroleum producers, as a consortium member (http://ibn.fm/FTqRI). The energy industry as a whole is looking hard at technology to help identify cost savings and minimize the impact that energy production has on the environment, according to an article in Oil & Gas Technology (http://ibn.fm/4y9yG). Petroteq Energy and its PetroBLOQ subsidiary offer the promise of improving efficiency, transparency and security in an industry that must constantly mitigate evolving geopolitical influences and market fluctuations.

For more information, visit the company’s website at www.Petroteq.energy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

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Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Inks Offtake Agreement with Firebird Logistics

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning said that it has entered into a six-month agreement with Firebird Logistics LLC for 100% of the production from the company’s heavy oil extraction facility in Asphalt Ridge, Utah. Following the initial six-month term, the agreement will continue on a month-to-month basis. The monthly price will be determined by the calendar day average of the NYMEX settlement price for West Texas Intermediate Light Sweet Crude Oil, less $6.50 per barrel and adjusted for basic sediment and water. After recently completing testing of all major process systems at the facility, the company is currently undergoing test runs of the utility system in preparation for the launch of commercial production. “This agreement maximizes our flexibility and our price leverage by diversifying customers among all local refineries,” Petroteq CEO Alex Blyumkin stated in the news release.

To view the full press release, visit http://ibn.fm/TR9NR

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. The company’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Completes Fundamental Process Systems Testing at Asphalt Ridge Facility

March 5, 2018

In a news release this morning, Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, reported that it has completed testing of all the fundamental process systems in its heavy oil extraction facility located in Asphalt Ridge, Utah, and that it has started test runs of the utility system as one of the final steps before commercial production. Petroteq has been granted all the relevant permits required to launch commercial production by the pertinent Utah agencies. Most notably, it has received an Air Exemption Permit that certifies that its operation won’t have harmful effect on the surrounding ground water. “We are on the verge of beginning our production phase at Asphalt Ridge,” Alex Blyumkin, CEO of Petroteq Energy stated in the news release. “We completed reassembly and testing of the major process systems successfully and are in the final stages of pre-production testing of the utility system, bringing us one step closer to commercial launch at a time when demand for our products is on the rise.”

To view the full press release, visit http://ibn.fm/uvLhe

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. The company’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Introduces Blockchain Innovation to Reduce Oil & Gas Industry Transaction Costs

February 28, 2018

  • Petroteq launched its PetroBLOQ blockchain platform – a pioneering development in the oil and gas industry
  • Mexico’s Pemex has already become the first PetroBLOQ member
  • The blockchain market is set to experience colossal growth in all industries over the next six years

Blockchain technology has a wide range of applications across different industries, and Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a leading developer and provider of proprietary technology for the energy industry, has just demonstrated one more. The company’s innovative PetroBLOQ blockchain platform is a pioneer development in the oil and gas industry, aiming to take the shared economy concept one step further by making a number of industry intermediaries redundant and, consequently, reducing the cost of transactions in supply chain management (http://ibn.fm/dv96m).

Through the use of blockchain technology, it’s possible to complete transactions without an intermediary because of the verified procedures that are built into the platform. This is the main difference between blockchain-based projects and peer-to-peer interactions like those typical for sharing economy flagships such as Airbnb and Uber.

Blockchain technology makes it possible for data about every single interaction to be stored as a digital ledger in a continually reconciled database. Each reconciled transaction becomes a block – the unit that is needed to ensure the integrity of the transaction. This is how the intermediary can be eliminated altogether. The process ensures fairness and cost-efficiency while also expediting the completion of transactions.

According to Petroteq Energy, the oil and gas industry can benefit immensely from the introduction of blockchain technology. The structure of oil and gas interactions is complex. The industry spans across countries and continents and involves multiple players – from domestic transportation entities to refineries and information technology units. Because of the behemoth structure, the accumulation of accurate transaction data in real-time becomes a challenging, almost impossible task. This is where blockchain platforms like PetroBLOQ can be utilized to simplify complex steps and bring immediacy to the table.

All transactions across this massive network can be verified immediately via a blockchain platform. A central reconciling authority is no longer needed to examine the data. Obviously, the elimination of such an authority can increase the cost-efficiency of transactions, ensure data security and enhance the entire data management process.

This isn’t the only blockchain-related initiative launched by Petroteq Energy. In 2017, the company announced its entry into the Enterprise Ethereum Alliance (EEA). This is the biggest open-source blockchain network in the world, and its members include more than 500 companies and experts in the field of Ethereum technology.

Already expanding at an exponential rate, the global blockchain market is expected to continue growing in the years to come. While, in 2016, it was estimated at $210.2 million in the U.S., this market is set to increase to $2.3 billion dollars by 2021 (http://ibn.fm/pzNFY). Other, more daring predictions set a global blockchain market size of $7.74 billion by 2024 (http://ibn.fm/Xr2ZQ).

As of 2017, 80 percent of banks have developed their own blockchain technologies (http://ibn.fm/bQXc3). It’s nothing but natural for such platforms to start shaping up interactions in industries other than finance. A 2016 study by Deloitte (http://ibn.fm/mH16h) showed that many representatives of the oil and gas industry were still hesitant about blockchain introduction. Such attitudes leave the door for innovation wide open, enabling companies like Petroteq Energy to launch their pioneer developments.

PetroBLOQ is already making some change. Shortly after the initial announcement, Petroteq Energy reps said that Mexico’s state-owned petroleum company, Pemex, has agreed to become the first PetroBLOQ member. The security of the platform will make it easier to overcome and stabilize fluctuations stemming from the political climate and unforeseen circumstances.

For more information, visit the company’s website at www.Petroteq.energy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Details Corporate Communications Strategy

February 27, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced its engagement of multiple strategic media and marketing partners. Notably, the company is now working with financial news and content distribution company NetworkNewsWire, as well as leading Canadian financial portal Stockhouse, in an effort to develop deeper industry and investor awareness. Petroteq has also agreed to collaborate with Recruiter.com, a leading online global recruiting service provider. “It is critical for Petroteq to expand our audience of investors, as we continue to make significant progress with the construction of our extraction plant at Asphalt Ridge,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “We have selected partners whose networks we expect to be able to leverage in order to reach the broadest possible audience to whom we can communicate our development and the scope of our business.”

To view the full press release, visit http://nnw.fm/ZM9y3

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Completes Asphalt Ridge Utah Plant Improvements

February 22, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it has completed improvements to its Asphalt Ridge Utah plant that will expand its capacity to 1,000 barrels per day. “The reassembly of the plant at the new location reduces our costs going forward compared to the prior location,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “The new location, along with the addition of the new motor control center and new pumps to move our proprietary environmentally safe solvent and oil more efficiently puts us in a position to begin ramping up production next quarter. The new site also delivers on our promise to recover oil in a manner that has minimal environmental impact.”

To view the full press release, visit http://ibn.fm/R0Z3b

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) Blockchain Platform Taking Sharing Economy to Oil & Gas Industry

February 21, 2018

  • Blockchain technology may find widespread application in oil and gas industry
  • Replacing intermediaries with blockchain technology
  • Reducing transaction costs in oil and gas

Although most closely associated with bitcoin and cryptocurrencies, blockchain technology is finding its way into a wide range of industries and applications. Under development in fields as diverse as stock trading, land title registration, smart contracts, the sharing economy and supply chain logistics, the technology’s disruptive potential is being compared to that of the internet itself. As an example of the seismic shifts it may precipitate, a Forbes feature speculates on the reasons ‘Why Blockchain Could Kill Uber’ (http://ibn.fm/tITNB). Uber, the peer-to-peer ridesharing company, is perhaps the poster child for what has come to be called the sharing economy. Now, Petroteq Energy Inc. (OTCQX: PQEFF) (TSX.V: PQE) is out to take that sharing concept one step further, in the oil and gas industry, with its PetroBLOQ blockchain platform. Developed in collaboration with First Bitcoin Capital Corp., PetroBLOQ may reduce transaction costs in supply chain management by making many intermediaries in the industry redundant.

The sharing economy is best characterized by companies like Uber and Airbnb. Indeed, ‘uberization’ is now an accepted alternative term for the phenomenon, which is essentially the enabling of peers to transact with each other. However, the approach adopted by Uber and others is just one model under which peer-to-peer transacting is made possible. These companies erect a technological platform that allows two parties to contract, and, by doing so seamlessly, they appear almost invisible to the transactors. Nevertheless, they are intermediaries and must be compensated not only for the costly infrastructure that makes ‘sharing’ possible but also for the trust they bring to the system (Uber does background checks on its drivers).

By contrast, blockchain technology obviates the need for a trusted intermediary. Using it, parties can transact directly with each other by using verified procedures that are incorporated in the transaction details. The technology creates an incorruptible digital ledger of their transactions, the information on which then exists as a shared and continually reconciled database. Reconciliation takes place at 10-minute intervals, and each reconciled group of transactions becomes a ‘block’, which is distributed to all participants. Consequently, parties need depend only on the system to maintain the integrity of transactions rather than having to rely on a trusted person or organization to do so.

The oil and gas industry is one where blockchain technology may find widespread application. Its supply chain is global and spans an extensive network that includes domestic and international transportation, ordering, inventory management and control, materials handling, import and export facilitation, refining and information technology. The scale and complexity of this network makes it difficult to gather accurate information on a timely basis. However, with blockchain technology, transactions for product trades and transfers can be instantly verified across an entire global network without reliance on a central reconciling authority, potentially reducing operating costs, more securely storing and managing data, and speeding up the processing of transactions.

Petroteq is moving ahead quickly with its blockchain initiative. Late last year, it announced that it had joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain network (http://ibn.fm/8plc6). The EEA brings together over 500 enterprises and experts to discuss and develop the ethereum framework, currently the only blockchain running in real-world production that supports smart contracts, or programs that encode the terms of an agreement and are stored, replicated and supervised by a network of computers running a blockchain.

The company recently announced that Pemex, the Mexican state-owned petroleum company, has agreed to become the first member of the PetroBLOQ Global Blockchain Industry Consortium (http://ibn.fm/nw092). This stems, no doubt, from the promise offered by PetroBLOQ of improving efficiency, transparency and security in the oil and gas industry. The technology is expected to be the first blockchain-based platform developed exclusively for the supply chain needs of the oil and gas sector. At its deployment, PetroBLOQ users will enjoy cost and time savings, increased transparency and the ability to mitigate the constantly evolving geopolitical atmosphere and market fluctuations.

For more information, visit the company’s website at www.Petroteq.energy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Planning to Accept Cryptocurrency Payments for Oil Products and Equity

February 13, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it is developing the ability to accept cryptocurrency for both the sale of its oil products and equity. “In January CNBC ran a piece on how more and more high-end real estate transactions are being handled using cryptocurrency. This is because cryptocurrency and blockchain technologies possess some of the same features ESCROW accounts are used for to assure that funds and assets transfer smoothly and fairly,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “We are developing a method to bring this same transaction security to our oil transactions.” The company also announced plans to set up an e-wallet in order to accept cryptocurrency, initially limited to bitcoin or ether, for the purchase of newly-issued Petroteq securities.

To view the full press release, visit http://ibn.fm/s3Exe

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Blockchain Technology Projected to Play a Disruptive Role in Oil and Gas Sector

February 8, 2018

  • PetroBLOQ promises to play vital role in improving efficiency, transparency and security of oil and gas sector
  • Increases in oil shale production, rising Brent prices fueled by rising demands worldwide
  • Complex transactions, supply chain management issues cement need for PetroBLOQ’s disruptive technology

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, is uniquely positioned to develop a disruptive blockchain technology platform for the oil and gas industry through its subsidiary, PetroBLOQ. In a recent letter to shareholders (http://ibn.fm/r4LtG), Jerry Bailey, director and president of Petroteq, said blockchain “holds the promise of unlocking billions of dollars in profits for the Energy Industry by reducing the friction inherent in the business processes we need to control.”

Worldwide demand for efficiency in the oil and gas sector continues to grow as geopolitical and economic instabilities fluctuate, affecting supply and resources. Implementation of blockchain technology, which utilizes a distributed, encrypted ledger and smart contracts, would move this massive industry away from the inherent problems of paper trails or outdated trading platforms, as noted in an article on OilPrice.com (http://ibn.fm/zdyrv). These hugely complicated global contracts are often rife for lawsuits and lengthy legal processes that pump up prices and create numerous obstacles for those involved in oil and gas supply chain management.

“Few people outside of the energy industry understand the complexity of the transactions that need to happen between getting crude oil from the ground to ultimately ending up as gasoline in your automobile,” Bailey said in discussing the benefits of PetroBLOQ’s technology.

Petroteq recently forged a partnership with First Bitcoin Capital (OTC: BITCF) to bring the benefits of cryptocurrency to the oil and gas industry (http://ibn.fm/t4KvY). The companies are collaboratively working to develop and operate PetroBLOQ – the first blockchain-based platform developed exclusively for the supply chain needs of the oil and gas sector (www.PetroBLOQ.com). As demand for energy continues its never-ending upward spiral, PetroBLOQ is building a stabilizing, distributed digital ledger through blockchain technology that will give all the players in the energy industry crucial production, transportation and accounting information in real-time, potentially saving billions in cost.

In its ‘2018 Oil and Gas Industry Outlook’ report (http://ibn.fm/KAbys), Deloitte points out “the proliferation of increasingly lower-cost digital technology is already unleashing innovative ideas across the oil and gas value chain. From how we develop a field, procure goods and services, and move product to all the HR and back-office services to support the core businesses, digital technologies could change everything, resulting in radical efficiency gains and improvements of both top and bottom lines.”

Goldman Sachs said in a recent report (http://ibn.fm/pqFFi) that it has raised its 2018 oil price forecasts, projecting that Brent crude will soon top $80, fueled by blockbuster oil demand, a deal among big producers to limit output and U.S. drillers’ inability to meet the world’s growing energy appetite. Notably, the investment bank said that many U.S. drillers and oil majors have vowed to focus on efficiency and fiscal discipline at the expense of runaway production growth – underscoring the disruptive potential of PetroBLOQ’s visionary technology.

Pemex, the Mexican state-owned petroleum company and one of the world’s top petroleum producers, recently became the first member of the PetroBLOQ Global Blockchain Industry Consortium. Pemex also made headlines on December 1, 2017, by becoming the first petroleum company to accept cryptocurrency as a form of payment.

“We believe this new opportunity with Pemex serves as a testament to the success of our vision as we continue to make progress in our most recent venture, to develop and operate an enterprise-grade, blockchain-based platform,” Alex Blyumkin, CEO and chairman of Petroteq, stated in a news release announcing the agreement. “As part of our strategy to build advanced oil processing and refining facilities, we discovered inefficiencies and bottlenecks associated with the industry’s supply chain, and proposed blockchain solution is being designed to enable oil and gas companies globally to conduct transactions.”

For more information, visit the company’s website at www.Petroteq.energy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Reports Significant Progress of Heavy Oil Extraction and Processing Facility Assembly

February 7, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced significant progress in the assembly of its heavy oil extraction and processing facility in Asphalt Ridge, Utah. Per the update, many aspects of the rebuilding project are currently ahead of schedule. Notably, Petroteq has completed reassembly of the metal support structure for the extraction equipment; installed the extraction equipment, including augurs, the first mix tank and the motor control center; installed the first two oil storage tanks as part of the planned 4,000 barrel storage facility; and received the oil heater, which is currently being assembled for installation. The company is also on track to install a second mix tank later this week. When completed, the Asphalt Ridge plant is expected to complete all industrial processes by leveraging Petroteq’s blockchain-based supply chain management system, which is currently being developed by wholly-owned subsidiary PetroBLOQ, LLC.

To view the full press release, visit http://ibn.fm/t1uMy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq Energy is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Petroteq is also developing technologies to optimize petrochemical industry workflow processes. For more information, visit www.PetroteqEnergy.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Receives $2.5M From Deloro

February 5, 2018

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning announced that it has received $2.5 million from Deloro Energy LLC, which is equal to the first tranche of the financing anticipated in the previously announced memorandum of understanding (“MOU”) with Deloro. Per the terms of the MOU, upon receipt of the entire first tranche, Deloro shall receive an economic royalty of 25% of the net profits of the company’s heavy oil extraction facility at Asphalt Ridge, Utah, from the date that the facility is operational. The MOU specifies that at least $2,000,000 of the first tranche shall be used toward the capital costs and related expenses regarding the expansion of the facility’s processing capacity to at least 1,000 barrels per day. Additionally, Deloro has agreed to loan Petroteq Energy CA, Inc., a wholly owned subsidiary of the company, $10 million under a convertible debenture which will be convertible into up to 49% of Petroteq Energy CA. “We look forward to sharing the details of our new plant assembly, as we move towards turning on the new facility,” Petroteq Energy CEO Alex Blyumkin stated in the news release.

To view the full press release, visit http://ibn.fm/xoyDH

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq Energy is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Petroteq is also developing technologies to optimize petrochemical industry workflow processes. For more information, visit www.PetroteqEnergy.com.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Approved to Serve as Official Government Contractor in Utah

January 31, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it has received approval from the State of Utah to serve as an official government contractor for the planning, design and procurement of infrastructure projects. The milestone is expected to enable Petroteq to participate in local and government infrastructure activities by providing bitumen for roadway projects. “Given the timing of President Trump’s State of the Union address, which emphasized infrastructure spending, specifically on roads and bridges, we feel this is a fortuitous timing for us to be able to participate in this anticipated growth opportunity,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “Becoming a contractor for the State of Utah is a significant milestone for our Company… and we anticipate that the project initiatives will generate significant benefits to our shareholders.”

To view the full press release, visit http://ibn.fm/7GvJy

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq Energy is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Petroteq is also developing technologies to optimize petrochemical industry workflow processes. For more information, visit www.PetroteqEnergy.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Devoted to Improving Transparency, Productivity through Blockchain-based Platform

January 30, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, remains devoted to delivering increased transparency while providing users with improved productivity and lower costs. The company intends to meet these standards by utilizing its blockchain-based platform along the way. A recent article highlighting the company reads: “Transparency is at the heart of all that Petroteq does. The company is dedicated to implementing the same standards it has in producing clean energy to the development of this new blockchain platform. In addition to being committed to the preservation of the environment, protection of heritage and cultural landmarks, safe work environments, employee safety and respect for local residents, Petroteq has committed itself to improving the transparency and accountability of the oil and gas sector. The company is actively engaged in creating an open peer-to-peer network, removing fraud and corruption along the supply chain. Petroteq management takes seriously their commitment to clean, sustainable energy and social responsibility in everything they do.”

To view the full article, visit http://ibn.fm/xW9z9

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq Energy is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. The company’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Petroteq is also developing technologies to optimize petrochemical industry workflow processes. For more information, visit www.PetroteqEnergy.com.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Enters Agreement with Pemex

January 25, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced its entry into an agreement with Pemex, the Mexican state-owned petroleum company and one of the world’s top petroleum producers. On December 1, 2017, Pemex made headlines by becoming the first petroleum company to accept cryptocurrency as a form of payment. Per the update, Pemex is optimistic that it can benefit from the adoption and integration of a blockchain technology platform to efficiently manage and implement the chain of supply of oil and gas, falling in line with Petroteq subsidiary PetroBLOQ’s ongoing efforts to develop the first supply chain management platform for the oil and gas industry based on advanced blockchain distributed ledger technology. “We believe this new opportunity with Pemex serves as a testament to the success of our vision as we continue to make progress in our most recent venture, to develop and operate an enterprise-grade, blockchain-based platform,” Alex Blyumkin, CEO and chairman of Petroteq, stated in the news release.

To view the full press release, visit http://ibn.fm/novyx

Let us hear your thoughts: Petroteq Energy Inc. Message Board

About Petroteq Energy Inc.

Petroteq Energy is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Petroteq is also developing technologies to optimize petrochemical industry workflow processes. For more information, visit www.PetroteqEnergy.com

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

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