Petroteq Energy Inc. is a Canadian-registered holding company, publicly trading on the TSX Venture Exchange (Symbol: PQE) and the OTCQX trading platform (Symbol: PQEFF). Its offices are located in Toronto, Ontario, Canada, Los Angeles, California and its initial plant location in Vernal, Utah.
Petroteq is focused on value creation through 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.
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"Oil prices seemed to bottom out in early 2016...Have been more stable in 2017 as a result of two OPEC agreements to rebalance the market...2017 could be one of the best years to invest in oil stocks in quite some time" - Motley Fool
In Utah, Colorado and Wyoming alone, there are 1.2 trillion to 1.8 trillion barrels1 of oil locked insand and shale
- U.S. Department of Energy
Existing processes require large capex/economies of scale, leave vast tailing ponds that take years for land reclamation