Category Archives: Petroteq Energy Inc. PQEFF

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.

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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

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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)
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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) 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

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Looks to Set Another Industry Milestone

January 24, 2018

  • Petroteq was a pioneer in the environmentally safe extraction of heavy oils with patented technologies
  • Company’s blockchain initiative, PetroBLOQ, will be first blockchain platform developed exclusively for the supply chain needs of the oil and gas sector
  • Examining company history of value creation, PetroBLOQ may be largest value driver yet

Cryptocurrencies have garnered enormous market attention lately. Some say cryptocurrencies are worthless, others say they’re the new global fiat medium of exchange. Time will tell. However, there is consensus that the underlying blockchain technology has applications that extend far beyond its connections to cryptocurrency. Companies around the globe are beginning to employ blockchain technology to streamline business and secure transactions.

Blockchain is an encrypted electronic ledger, replicated across a network of multiple computer nodes. This distributed ledger virtually eliminates the need for supervision and administration of records. Since this open and distributed record-keeping system is decentralized, blockchain is self-monitored by all of the linked computers. Blockchain can reduce costs whiles providing data security and reliability and eliminating the need for third party reconciliation (e.g. banks, clearing houses). “Blockchain, the digital record-keeping method that exploded in popularity in conjunction with the cryptocurrency craze, will change the way the world makes transactions,” IBM’s Martin Schroeter recently told CNBC (http://ibn.fm/BYOsA).

With such dynamic, complex and fungible markets, the oil and gas industry is likely to be one of the largest beneficiaries of blockchain. The recent article ‘Expectations for 2018 on Blockchain Applications in the Energy Industry’ (http://ibn.fm/FEKst) details both the industry challenges and the blockchain solutions being developed by Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF). Petroteq Energy, a multifaceted energy company, was a pioneer in the environmentally safe extraction of heavy oils from oil sands and oil shale deposits with its patented technologies that produce zero greenhouse gas and zero waste.

Petroteq’s new blockchain initiative, PetroBLOQ (www.PetroBLOQ.com), looks to set another industry milestone and will be the first blockchain-based platform developed exclusively for the supply chain needs of the oil and gas sector.

The oil and gas industry supplies vital commodities that are subject to constant price fluctuations, supply and demand imbalances and geopolitical pressures. Petroteq’s PetroBLOQ blockchain solution targets these complex variables as well as the risk and expense in the exploration and production of oil and gas. With over 35 billion barrels of oil produced each year, saving even a small percentage by managing supply and distribution can have a huge bottom line impact. Petroteq’s PetroBLOQ blockchain industry first solution aims to deliver cost and time savings, greater efficiency, flexibility and transparency and the ability to more effectively manage market fluctuations.

Petroteq has a history of creating value by identifying industry problems and delivering solutions, as it did with its patented, environmentally friendly heavy oil extraction technologies. Petroteq has intentions of creating enormous new value with its recent 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

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Committed to Enhanced Transparency across the Oil & Gas Sector

January 22, 2018

  • Petroteq Energy Inc. has a patented, environmentally-friendly oil sands extraction technology which is suitable for all hydrocarbon deposits
  • Company is developing the first blockchain-based platform, PetroBLOQ, to meet the supply chain needs of the oil and gas sector
  • Company is dedicated to increased transparency while providing users increased productivity and lower costs

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a Canadian company known for its patented, environmentally-friendly oil sands extraction technology, is developing PetroBLOQ, the first blockchain-based platform focused on meeting the specific needs of players in the oil and gas industry. PetroBLOQ promises to improve efficiency, transparency and security in the oil and gas sector.

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.

PetroBLOQ promises to provide users with increased transparency while improving productivity and lowering costs. With this tool in place, the constantly evolving geopolitical atmosphere and market fluctuations of the oil and gas industry are expected to become simpler to navigate. Every level of the oil and gas supply chain has its own challenges. This new technology seeks to eliminate a number of those challenges and aims to help producers by way of prevention.

In his end of the year letter to shareholders (http://ibn.fm/A4y5k), chairman and CEO Aleksandr Blyumkin said that, with the patented clean heavy oil extraction technology being successful, the company is on the cusp of 87 million barrels of contingent resources. In 2017, it increased efficiency that could bring production capacity to 1,000 bpd (barrels per day). He goes on to speak of the new blockchain technology, saying, “Through our recently created PetroBLOQ subsidiary, and a working relationship with First Bitcoin Capital we intend to help reduce the massive administrative costs in the Energy Industry, as a developer and service provider of Blockchain enabled technology products.”

With zero greenhouse gas, zero waste and an emphasis on transparency, Petroteq Energy Inc. is dedicated to developing new technologies to help companies in the industry secure competitive advantage and cost efficiency.

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) Developing Solution to Oil and Gas Industry Supply Chain Difficulties

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, recently endeavored to develop a blockchain platform to help solve oil and gas supply chain issues. An article discussing the company’s new technology reads: “PetroBLOQ will be the first blockchain-based platform to exclusively serve needs related to the supply chain within the oil and gas industry, addressing issues like cost constraints faced by participants within the industry. It is anticipated that those who use PetroBLOQ will save both time and money and will also benefit from improved transparency, which the blockchain offers, making navigation of the constantly changing global market much easier and giving companies a competitive edge within the oil and gas space.”

To view the full article, visit http://ibn.fm/oND3l

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 Notices of Allowance from US and Canadian Patent Offices

January 10, 2018

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced that it has received a Notice of Allowance from the United States Patent and Trademark Office for U.S. Patent Application 13/627,518, “Oil From Oil Sands Extraction Process” and a Notice of Allowance from the Canadian Intellectual Property Office for Canadian Patent Application 2,754,355, “Oil Extraction Process.” “We are very excited to receive the Notices of Allowance from the respective U.S. and Canadian patent offices,” Alex Blyumkin, CEO and chairman of Petroteq, stated in the news release. The patents are part of Petroteq’s growing intellectual property portfolio, which also includes patent protection in Russia. To date, Petroteq has applied for protection in all of the countries with significant heavy oil assets that it believes show promise for the company.

To view the full press release, visit http://dtn.fm/YLw46

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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.

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Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Readying Blockchain Platform for Use in Oil and Gas Industry

January 9, 2018

  • Blockchain technology has the potential to transform supply chain management
  • Complex commodity exchanges are traditionally fraught with disputes, driving up costs
  • Exclusive blockchain platform for oil and gas industry under development
  • Adoption of technology seen as necessary by majority of oil and gas executives

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is a Canadian-registered, publicly traded company engaged in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. As a forward-thinking pioneer in the energy industry, Petroteq is also participating in a blockchain initiative aimed at solving the global transaction needs of the oil and gas industry.

The company’s entry into the blockchain arena, appropriately named PetroBLOQ, is a collaborative effort with First Bitcoin Capital Corp. (OTC: BITCF) that aims to transform the ongoing problems of disputed oil and gas transactions. PetroBLOQ recently joined the 200-member Enterprise Ethereum Alliance (“EEA”), known as the world’s largest open-source blockchain initiative representing a diverse community of global industry experts (http://dtn.fm/1DLtA). PetroBLOQ is the company’s blockchain technology, the first blockchain-based platform developed exclusively for the supply chain needs of the oil and gas sector.

In a 2016 report issued by Deloitte Consulting and summarized in Rigzone (http://dtn.fm/EKW6u), an online oil and gas industry resource, 55 percent of oil and gas executives surveyed agreed that blockchain technology will be a requirement if companies are to retain a competitive advantage in the future. Another 45 percent acknowledged the disruptive potential that blockchain offers with its ability to encrypt connections and eliminate the role of third parties in transactions. One value of blockchain lies in its ability to fundamentally change the way certain processes are performed, bringing instant transactional verification for product trades.

Blockchains are, by design, built to increase transparency, share efficiencies, securely store and manage data, improve the speed of transactions and, potentially, reduce operating costs. The technology’s ability to create smart contracts offers a distinct advantage to the oil and gas industry, which, historically, has been a hotbed of logistical challenges, as discussed in an article published by the Wall Street Journal (http://dtn.fm/L0LvP). Indeed, experimenting with blockchain to make oil and gas trading more efficient is the subject of discussion around many boardrooms. David Eyton, head of technology for BP, said BP is exploring the implications of using blockchain in the energy sector, noting “there are uses for blockchain that could give us a competitive advantage.”

Petroteq Energy CEO Alex Blyumkin said the blockchain venture makes sense as the oil and gas industry seeks to modernize its resources. With its patented technologies to economically extract heavy oils through an environmentally-friendly, closed loop system, Petroteq is already dramatically lowering the cost per barrel and leaving behind only clean, dry sand. The addition of PetroBLOQ’s blockchain technology will add to the company’s stable of valuable products that underscore its belief in clean, sustainable energy and social responsibility.

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

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Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Applies Blockchain Technology to Help Solve Oil and Gas Supply Chain Issues

January 8, 2018

  • Company offers game-changing, environmentally-friendly proprietary heavy oil processing and extraction technology
  • Company’s proprietary process produces no greenhouse gas or waste, doesn’t require high temperatures and reduces the production cost per barrel
  • Partnered with First Bitcoin Capital to develop and operate PetroBLOQ, the world’s first blockchain-based platform exclusively serving supply chain-related needs within the oil and gas industry

Engaged in developing groundbreaking technologies within the energy industry, Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is focused on creating value by developing and implementing proprietary technologies to extract heavy oils from oil sands, oil shale deposits and shallow oil deposits in an environmentally safe way. Petroteq’s proprietary heavy oil processing and extraction process produces no greenhouse gas and no waste and, also, does not require high temperatures. This technology further significantly reduces the production cost per barrel and can be easily used anywhere on earth as a means of tapping into heavy oil deposits.

As discussed in a recent article (http://dtn.fm/EeE7D), Petroteq recently forged a partnership with First Bitcoin Capital (OTC: BITCF) to bring the benefits of cryptocurrency to the oil and gas industry. The value of the most popular of the cryptocurrencies, bitcoin, began at less than $1,000 per unit at the beginning of 2017 and has skyrocketed throughout the year, breaking the $17,000 mark in December. Bitcoin’s meteoric rise has created a frenzy among investors as they seek opportunities to cash in on its dizzyingly climbing value.

In endeavoring to build advanced oil processing and refining facilities across the globe, Petroteq noted the existence of hindrances relating to supply chain channels within the oil and gas industry—impediments that could be remedied through the use of blockchain technology.

Collaboratively, Petroteq and First Bitcoin Capital are now working to develop and operate PetroBLOQ, which is an enterprise-grade platform based on blockchain that will facilitate the conducting of transactions for oil and gas enterprises around the world.

PetroBLOQ will be the first blockchain-based platform to exclusively serve needs related to the supply chain within the oil and gas industry, addressing issues like cost constraints faced by participants within the industry. It is anticipated that those who use PetroBLOQ will save both time and money and will also benefit from improved transparency, which the blockchain offers, making navigation of the constantly changing global market much easier and giving companies a competitive edge within the oil and gas space.

Particularly suited for addressing issues within the heavily regulated oil and gas industry, blockchain offers exceptional transparency, resistance to change and a secure means of accomplishing tasks beneath the canopy of government protocols and industry specifications. All in all, Petroteq anticipates that the blockchain could completely shake up the way business is conducted within the oil and gas industry.

Quickly bringing PetroBLOQ into important industry circles, Petroteq recently became a member of the Enterprise Ethereum Alliance (http://dtn.fm/Osx9z), as well as the American Petroleum Institute.

For more information, visit the company’s website at www.PetroteqEnergy.com

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QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Moves to Cut Oil Trade Costs with Blockchain Service

January 2, 2018

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) has teamed with First Bitcoin Capital Corp. (OTC: BITCF) to develop an enterprise service that will draw on the emerging promise of blockchain technology in reducing the transaction expenses related to doing business in the oil and gas exploration industry. Petroteq announced on Dec. 4 that it was joining the Enterprise Ethereum Alliance, the world’s largest open-source blockchain network. An article discussing this reads: “At present, oil is traded through a diverse network of producers, suppliers, contractors, subcontractors, refiners and retailers in such large volumes that tracking the movement of crude is a Sisyphean task. However, the new platform, by employing blockchain technology, will be able to represent physical supplies of crude by digital assets, which remain digitally attached throughout the supply chain journey. … The new platform, called PetroBloq (www.PetroBloq.com), offers the promise of improving efficiency, transparency and security in the oil and gas industry.”

To view the full article, visit http://dtn.fm/7yNUX

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

About Petroteq Energy Inc.

The Company 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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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)
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480.374.1336 Office
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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) CEO Releases Letter to Shareholders

December 27, 2017

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced the release of a year-end letter to shareholders from chairman and CEO Aleksandr Blyumkin. In the letter, Blyumkin gives a brief history of Petroteq, detailing its evolution from a fuel delivery company to a disruptive player in the energy technology market. He also discusses Petroteq’s recent moves to implement blockchain technology in the energy industry. “[W]e have identified an aspect of the energy industry where [we] believe we can have further impact. It was [President Jerry Bailey’s] experience as head of Exxon in the Middle East that really confirmed the opportunity for bringing the blockchain to the Energy Industry,” Blyumkin stated in the news release. “Through our recently created PetroBloq subsidiary, and a working relationship with First Bitcoin Capital we intend to help reduce the massive administrative costs in the Energy Industry, as a developer and service provider of Blockchain enabled technology products.”

To view the full press release, visit http://dtn.fm/2NaHm

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

About Petroteq Energy Inc.

The Company 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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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)
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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

Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Blockchain Logistics Platform to Reduce Operating Costs in Oil and Gas

December 21, 2017

  • Developing blockchain platform for oil and gas industry
  • Distributed ledger technology to reduce transaction costs
  • Now a member of Enterprise Ethereum Alliance

Blockchain deployment is still new, with a world of opportunities for application. Cloud providers are already moving to offer it as an enterprise service (http://dtn.fm/lM2l6). Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is out to disrupt the oil and gas industry with its new blockchain platform for supply chain management. The platform, to be developed in conjunction with First Bitcoin Capital Corp. (OTC: BITCF), holds the promise of drastically reducing operating costs for the industry. At present, oil is traded through a diverse network of producers, suppliers, contractors, subcontractors, refiners and retailers in such large volumes that tracking the movement of crude is a Sisyphean task. However, the new platform, by employing blockchain technology, will be able to represent physical supplies of crude by digital assets, which remain digitally attached throughout the supply chain journey.

In November 2017, Petroteq Energy announced a co-development agreement with First Bitcoin Capital Corp., under which the companies will develop the new supply chain management platform based on advanced blockchain technology. The new platform, called PetroBloq (www.PetroBloq.com), offers the promise of improving efficiency, transparency and security in the oil and gas industry. According to the company, “PetroBloq will be the first blockchain based platform developed exclusively for the supply chain needs of the oil and gas sector. PetroBloq users will enjoy cost and time savings, increased transparency and the ability to mitigate the constantly evolving geopolitical atmosphere and market fluctuations.”

Presently, the industry relies on an extensive global supply chain that includes domestic and international transportation, ordering, inventory management and control, materials handling, import and export facilitation, refining and information technology. Due to the size and complexity of this system, accurate information is difficult to compile and is usually outdated by the time it is verified and published. 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.

A study by Deloitte proffers one example of how the oil and gas industry might benefit from employing blockchain (http://dtn.fm/Kl9x6). By issuing digital tokens with names, perhaps, like Brent or WTI (for West Texas Intermediate), a blockchain-distributed ledger could be used to trade barrels of oil. These tokens would represent the underlying asset (a barrel of oil) and would remain digitally attached throughout the supply chain journey. By using tokens in a blockchain, payment could be processed more quickly, paperwork such as title transfers would be eliminated and disputed transactions would be significantly reduced. Currently, around nine percent of crude oil transactions are disputed, which equates to around $150 billion annually.

Petroteq is moving ahead quickly with its blockchain initiative. On December 4, 2017, it announced that it had joined the Enterprise Ethereum Alliance (EEA), the world’s largest open-source blockchain network (http://dtn.fm/ylZn1). The EEA brings together over 500 enterprises and experts to discuss and develop the ethereum framework, which is currently the only blockchain running in real-world production that supports smart contracts. A smart contract is a program, which encodes the terms of an agreement and is stored, replicated and supervised by a network of computers running a blockchain.

Petroteq has also announced that it is now a member of the API, or American Petroleum Institute (http://dtn.fm/lNIq1). The API is the only national trade association representing all facets of the oil and natural gas industry. It promotes safety across the industry globally and attempts to influence public policy in support of a strong, viable oil and natural gas industry.

Petroteq Energy is also involved in the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company has already revolutionized extraction methodology with its introduction of a unique, environmentally safe, continuous flow, closed loop technology – a first in North America and probably in the world – that requires no tailings ponds. With its new blockchain initiative, it is promising to bring that same innovative approach to oil and gas supply chain management.

For more information, visit the company’s website at www.PetroteqEnergy.com

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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)
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www.QualityStocks.com
480.374.1336 Office
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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) Subsidiary Joins Hyperledger

December 20, 2017

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced that its PetroBLOQ subsidiary has become the latest member of Hyperledger, an open source collaboration aimed at advancing cross-industry blockchain technologies. “We are excited to be part of the Hyperledger community of industry leaders and technology experts,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “As pioneers in the development of blockchain applications for the oil and gas energy, PetroBLOQ is excited to contribute to the Hyperledger collaboration.” Hosted by the Linux Foundation, Hyperledger is currently supported by more than 180 diverse organizations.

To view the full press release, visit http://dtn.fm/TD6mi

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

About Petroteq Energy Inc.

The Company 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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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) Updates Shareholders on “Significant Progress” at Asphalt Ridge Facility

December 18, 2017

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced that it has made significant progress at its heavy oil extraction facility located in Asphalt Ridge, Utah. Per the update, the company has received the Uintah County building permit required for the construction of the facility, and it has already completed the required foundation work. These milestones follow the company’s recent completion of an analysis of the end product of its clean oil extraction process, which indicated a high range of diesel organics with low sulfur and contaminant levels. “With recent reports from Goldman Sachs and the American Petroleum Institute indicating that 2018 will be a good year for Oil in the US, we look forward to getting into production and helping meet the expected demand for heavy crude in the Utah market,” Alex Blyumkin, chief executive officer of Petroteq, stated in the news release.

To view the full press release, visit http://dtn.fm/hB6m8

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

About Petroteq Energy Inc.

The Company 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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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) and First Bitcoin Capital Corp. (OTC: BITCF) PetroBLOQ Collaboration Appoints New Advisor

December 13, 2017

PetroBLOQ, LLC., a collaboration formed by oil and gas exploration company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) and First Bitcoin Capital Corp. (OTC: BITCF), this morning said it has appointed Joseph Abrams to its Board of Advisors. As co-founder of both Inter-Mix Media Inc. and The Software Toolworks Inc., Abrams brings PetroBLOQ expertise in building emerging growth technology companies. “He has built many successful emerging technology companies and creating tremendous value for investors, and we expect his contributions will be critical to PetroBLOQ as we seek to revolutionize the oil and gas industry through technology,” Petroteq Energy CEO Alex Blyumkin stated in the news release.

To view the full press release, visit http://dtn.fm/8FMTr

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

About Petroteq Energy Inc.

The company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Petroteq’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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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) Plans to Ease Friction in Oil and Gas Industry with Supply Chain Platform

December 12, 2017

Oil and gas exploration company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) recently announced it will be developing a new blockchain platform in collaboration with First Bitcoin Capital Corp. (OTC: BITCF). The new supply chain management platform, named Petrobloq, is under development to be used in the global oil and gas industry. A recent article discussing the potential uses of blockchain reads: “The distributed ledger aspect of the technology means that new transactions and updates are circulated to all nodes on the network simultaneously. The information in the ledger, which is more like an accounting journal rather than a ledger, is structured and encrypted in such a way that it cannot be altered without agreement by a majority of the nodes in a network (which automatically and simultaneously check the change against the ledger). A transaction is initiated by one party and validated by another using a combination of private and public keys. And since the information is distributed, the greater the number of nodes, the more secure the network becomes. Any attempt at fraud would require the corruption of the same chain in every node in a network simultaneously during the few seconds that the Blockchain is processing a change.”

To view the full article, visit http://dtn.fm/wgN0z

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

About Petroteq Energy Inc.

The company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Petroteq’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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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
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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

Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Proposed Blockchain Platform May Reduce the $150B in Disputed Oil & Gas Transactions

December 11, 2017

  • Developing blockchain platform for oil & gas industry
  • About 9% of crude oil transactions are disputed
  • Distributed ledger technology may reduce transaction & resolution Costs

There are few sectors as large as the oil and gas industry, which by one account reached 48.7 billion barrels of oil equivalent (“BOE”) in 2016 (http://dtn.fm/h07AW). Despite the depressed prices, revenues climbed to $1,205.6 billion in 2016. West Texas Intermediate (NYMEX WTI) which was trading at over $130 per barrel in 2008 never rose above its current price of $57.75 at any time during 2016. In such a mammoth market, the supply chains crisscrossing the globe are tracked by intricate agreements that span several jurisdictions. With such size and complexity, it is inevitable that contractual disputes arise, resulting in costly reconciliation and resolution procedures. A recent study from Deloitte (http://dtn.fm/24Vpv) concluded that ‘around nine percent of crude oil transactions are disputed, which equates to around USD 150 billion each year.’

However, a new Blockchain platform to be developed by Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), in conjunction with First Bitcoin Capital Corp. (OTC: BITCF), may mitigate some of those frictions. The two companies recently announced a co-development agreement, under which they will develop a new supply chain management platform to be used in the global oil and gas industry, based on advanced Blockchain technology (http://dtn.fm/mES7B). The new platform is appropriately named Petrobloq.

Petroteq Energy is an oil & gas company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. The company has developed a unique, environmentally-safe, continuous flow, closed loop technology… a first in North America and probably in the world… that requires no tailings ponds, which contain large quantities of toxic sludge resulting from petroleum extraction. Petroteq Energy was featured in two recent Network News Wire editorials: Blockchain to Enable Frictionless Transactions (http://dtn.fm/RtSO8) and Can Blockchain Technology Revolutionize the Global Oil & Gas Industry Supply Chain (http://dtn.fm/TBwK6).

Although commonly associated with cryptocurrencies, Blockchain or distributed ledger technology potentially has many other uses because of its major characteristics. Most importantly, two parties attempting to enter into a transaction will very often know nothing of each other. Consequently, they will typically rely on a trusted third party or intermediary to ensure they are fairly treated. In money transactions, the role of the trusted intermediary is usually taken by a financial institution, which naturally charges for its participation. This gives rise to transaction costs that discourage market participation and may, in some instances, distort markets unduly. However, Blockchain or distributed ledger technology employs a peer-to-peer network and so obviates the need for a ‘referee’ or trusted intermediary.

The distributed ledger aspect of the technology means that new transactions and updates are circulated to all nodes on the network simultaneously. The information in the ledger, which is more like an accounting journal rather than a ledger, is structured and encrypted in such a way that it cannot be altered without agreement by a majority of the nodes in a network (which automatically and simultaneously check the change against the ledger). A transaction is initiated by one party and validated by another using a combination of private and public keys. And since the information is distributed, the greater the number of nodes, the more secure the network becomes. Any attempt at fraud would require the corruption of the same chain in every node in a network simultaneously during the few seconds that the Blockchain is processing a change.

New information is added to the system in “blocks”, which are linked to previous blocks, hence the term “Blockchain”. This history of past transactions further establishes the accuracy and authenticity of transactions since it leaves a trail that can be audited. Thus, the technology can be used in cryptocurrencies, identity documentation, land and share registration and in verifying oil and gas contracts.

For more information, visit www.PetroteqEnergy.com

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) Secures Membership in American Petroleum Institute

December 6, 2017

 

Oil and gas exploration company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that it has joined the American Petroleum Institute (“API”), the sole national trade association representing all facets of the oil and natural gas industry including promoting global safety and influencing public policy. Regarding the strategic move, Alex Blyumkin, CEO of PQEFF stated in the news release, “We are very pleased to join the oil and gas industry leaders of API. API has led the development of operating standards for our industry, and we look forward to contributing our experience with oilfield technologies in addition to introducing our PetroBLOQ platform to its members throughout the supply chain.”

To view the full press release, visit http://dtn.fm/qpL63

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

About Petroteq Energy Inc.

The company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Petroteq’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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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.’s (TSX.V: PQE) (OTCQX: PQEFF) Petrobloq Collaboration with First Bitcoin Capital Corp. (BITCF) Joins Enterprise Ethereum Alliance

December 4, 2017

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced that PetroBLOQ, the company’s collaboration formed with First Bitcoin Capital Corp. (OTC: BITCF), has joined the Enterprise Ethereum Alliance (“EEA”), the world’s largest open-source blockchain initiative. PetroBLOQ’s novel blockchain-based oil and gas supply chain management platform is currently being co-developed by the two companies. Membership with the 200-member EEA represents a wide variety of industries and offers 14 industry-focused, member-driven working groups. “Joining this community of forward-looking enterprises and blockchain innovators is an important step for PetroBLOQ as we develop transformative solutions for the oil and gas industry,” Petroteq Energy CEO Alex Blyumkin stated in the news release. In addition, Petroteq will be presenting at the 10th annual LD Micro Main Event taking place on December 6 in Los Angeles, California.

To view the full press release, visit http://dtn.fm/lJwP1

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

About Petroteq Energy Inc.

The company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Petroteq’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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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) Acquires Equipment for Asphalt Ridge Expansion; Board Approves Option Grant

December 1, 2017

Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) today announced the acquisition of a substantial lot of the equipment needed to expand production of its heavy oil extraction facility located at Asphalt Ridge, Utah. Petroteq purchased the equipment, worth approximately $3 million, at a reduced price of $838,000. This news follows the company’s previous announcement that it has moved equipment from its 250 bpd facility in Maeser, Utah to its lease site at Asphalt Ridge, Utah. Additionally, Petroteq’s board of directors approved an option grant of 1,425,000 stock options expiring in 10 years to certain directors at an exercise price of $2.27, subject to compliance with applicable securities laws. All options will be subject to a four month hold. “We are looking forward to announcing further progress on our new plant in Utah. The recent decision by OPEC to extend the production cuts will also be a tailwind for us, in that we anticipate that our production supply will find a ready market when we begin production in the new year,” Petroteq CEO Alex Blyumkin stated in the news release.

To view the full press release, visit http://dtn.fm/eTNU0

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

About Petroteq Energy Inc.

The company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Petroteq’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. Under a joint venture agreement with Recruiter.com and Oilprice.com, we anticipate that the website offering employment opportunities in the Energy sector will be launched in the month of November 2017. Petroteq is also developing technologies to optimize petrochemical industry workflow processes and will bring a team of professionals to expedite the process. 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

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Taking Cheaper and Cleaner Approach toward Oil Production

November 30, 2017

  • Patent-pending breakthrough technology to extract oil
  • Environmentally-friendly and cost effective process to extract heavy oil
  • Owns and operates valuable, producing oil sands resources

For over a century, oil has been the lifeblood of the world economy. Even with the advent of new power sources, oil will continue to be an indispensable resource and remain an essential commodity for decades to come. To meet unquenchable demand, the world extracts unrefined crude oil that ranges in density and consistency from thin and light weight to a thick, semi-solid heavyweight oil. Light crude oil pumped from wells commands a higher price on commodity markets, because it produces a higher percentage of fuels when refined. Heavy crude is more expensive and difficult to produce, since it’s very thick and doesn’t flow easily to production wells. Heavy oil is found predominately in tar sands concentrated in North America.

Squeezing oil out of tar sand is an expensive, laborious process. Between two and four tons of tar sand and two to four barrels of water are used to produce a single barrel of oil. Rather than drilling for oil, enormous shovels carve out open pits in the tar sands, scoop out the greasy sand, then haul it to be processed. Mining tar sands and converting it to gasoline releases three times more carbon dioxide than typical oil production and dirties vast amounts of water. Only unrelenting need drives such an economically and environmentally costly process.

With patent-pending technologies, Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is economically extracting heavy oils from oil sands, oil shale deposits and shallow oil deposits. The environmentally-friendly system is a closed-loop, solvent-based process, which dramatically lowers cost per barrel of production, produces no greenhouse gases, requires no high temperatures, leaves only clean dry sand and can easily be deployed anywhere in the world to unlock heavy oil deposits.

Petroteq has successfully launched its first extraction plant, Asphalt Ridge, in Utah and intends to rapidly scale up capacity throughout the state, which has over 30 billion barrels of previously undeveloped but now economically recoverable oil. Independent engineering estimates project 139,539,001 standard tank barrels (STB) of bitumen in place at the Asphalt Ridge site, which equates to around 87 million barrels of oil equivalent (BOE). Asphalt Ridge is one of Utah’s eight major oil sands deposits.

The price of oil has fluctuated wildly over the last 20 years from around $18 a barrel in 1998 to over $157 in 2008 to about $56 a barrel today. At any price, oil is and will continue to be the lifeblood of the world. Petroteq Energy’s environmentally friendly, cost effective solution looks to be a welcome answer to producing oil in a cheaper and cleaner way.

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

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