Petroteq Announces Contact From Uppgard
Petroteq Energy Inc. (TSXV:PQE, OTC PINK:PQEFF, FSE:PQCF) has announced its willingness to engage in discussions with Uppgard Konsult AB, referred to as the Bidder, as communicated through legal counsel. While the outcome of these discussions remains uncertain, the Company is open to negotiations. Petroteq is focused on advancing its proprietary oil extraction and remediation technology, particularly in the development of its oil sands resources in Asphalt Ridge, Utah.
- Open to negotiations with Uppgard Konsult, which could lead to potential business opportunities.
- Focus on proprietary technology for environmentally safe oil extraction.
- None.
SHERMAN OAKS, CA / ACCESSWIRE / July 27, 2021 / Petroteq Energy Inc. ("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 and remediation technologies, announces that its securities counsel has been contacted, by the client of Uppgard Konsult AB, the Bidder, through legal counsel.
While there is no guarantee that any discussions will result in any meaningful discussions or a transaction, the Company has advised the Bidder 's Canadian counsel that it is open and willing to initiate discussions.
About Petroteq Energy Inc.
Petroteq is an integrated oil company focused on the development and implementation of a new proprietary technology for oil extraction and remediation. The Company has an environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at Asphalt Ridge located near Vernal, Utah.
For more information, visit www.Petroteq.energy.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Alex Blyumkin
Executive Chairman
Petroteq Energy Inc.
Tel: (800) 979-1897
SOURCE: Petroteq Energy Inc
View source version on accesswire.com:
https://www.accesswire.com/657137/Petroteq-Announces-Contact-From-Uppgard
FAQ
What is the recent news about Petroteq Energy Inc. and Uppgard Konsult AB?
What technology is Petroteq Energy Inc. focused on?
What is the stock symbol for Petroteq Energy Inc.?
Where is Petroteq Energy's oil sands resource located?
