Petroteq Energy Inc: Petroteq Energy Announces That Production of Oil From Its Oil Sands Plant Has Recommenced
Announces Further Securities Issuances
Petroteq or the
Company ) (TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, is pleased to announce that the restart of its oil sands plant at Asphalt Ridge (the
POSP ) is currently proceeding more or less as planned. The Company received its mining permits earlier this month as expected. The POSP has since been started and is processing ore. As at the close of business on January 22, 2021, the POSP had produced over 150 barrels of net oil in solvent. The Company is now in the process of optimizing plant operating parameters to meet oil product specifications and optimize solvent usage and recovery. This phase is expected to last a couple of weeks. Thereafter, initial continuous production is
Petroteq Energy Announces That Production of Oil From Its Oil Sands Plant Has Recommenced
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