SHERMAN OAKS, CA, July 26, 2018 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV: PQE; OTC: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the energy industry, wishes to comment on a front-page article published by a local Vernal news publication.
The Company is pleased to be the subject of a featured front-page article released by a publication based in Vernal, Utah the Vernal Express earlier this week. The article titled “Petroteq Looks to Change the Game in Oil Extraction” discusses the Company’s recent accomplishments in the commissioning of its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah.
Petroteq’s CEO, David Sealock, commented after yesterday’s management team and advisory board meetings in Vernal, Utah, “I was humbled when I was made aware that we were featured on the front page of the Vernal Express earlier this week, we are grateful to be making a positive impact in Vernal and the surrounding communities by bringing jobs and utilizing small local businesses as vendors in the process of our plants commissioning. The fact that a number of our contractors are veterans of the United States Armed Forces goes to further expand on our Company slogan “American Oil for America” while providing opportunities to those willing to make the ultimate sacrifice in protecting the freedom and opportunities enjoyed by individuals and entities in the United States.”
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 PetroBLOQ.com.