Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Says Cash Flow in Place for Aggressive Oil Extraction Plans

• Company has raised $6 million over the past few months to fully fund plans
• Oil extraction to begin at 1,000 barrels a day, escalating to over 8,000 barrels a day within three years
• Petroteq’s patented technology is arousing international interest

Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) (FRANKFURT: A2DYWC) CEO has announced that the company’s aggressive growth strategy is fully funded and ready to kick off, beginning with the extraction of 1,000 barrels of oil per day from its Asphalt Ridge site in Utah from the third quarter of 2018. Petroteq CEO David Sealock made the comments during an interview with news organization Proactive Investors on the sidelines of the recently concluded LD Micro Invitational conference in California (http://nnw.fm/f61zA).

Sealock said that the company’s plans are cash flow ready, thanks to the successful…

Read more »

More from NetworkNewsWire

• DPW Holdings, Inc. (NYSE American: DPW) is “One to Watch”
• Accelerated Technologies Holding Corp. (ATHC) is “One to Watch”
• Earth Science Tech, Inc. (ETST) Selects Hygee Name for MSN-2 Home Medical Testing Kit, Sets Prelaunch Clinical Study in Quebec

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com