Petroteq and ROC Monthly Report
07/18/2022 - 09:00 AM
SHERMAN OAKS, CA / ACCESSWIRE / July 18, 2022 / Petroteq Energy Inc. ("Petroteq " or the "Company ") (TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an oil company focused on the development and implementation of its proprietary oil sands extraction and remediation technologies, announced today that as per the Company's announcement dated May 24, 2022 introducing the appointment of the founding members of the Company's Regulatory Oversight Advisory Committee ("ROC ") and its mandate, the Company and the ROC hereby report that all transactions put forth before the ROC during the month of June have been reviewed by its members and all necessary filings with the TSX Venture Exchange ("TSXV ") have been made and in ROC's view the filings made are in compliance with TSXV policies. ROC has confirmed via internal control procedures including due inquiry, that all matters that should have been presented to ROC have been.
About Petroteq Energy Inc.
Petroteq is a clean technology company focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The versatile technology can be applied to both water-wet deposits and oil-wet deposits - outputting high-quality oil and clean sand.
Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of oil sands at Asphalt Ridge without requiring the use of water, and therefore without generating wastewater which would otherwise require the use of other treatment or disposal facilities which could be harmful to the environment. Petroteq's process is intended to be a more environmentally friendly extraction technology that leaves clean residual sand that can be sold or returned to the environment, without the use of tailings ponds or further remediation. 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
Petroteq Energy Inc. Vladimir Podlipskiy Interim Chief Executive Officer Tel: (800) 979-1897
SOURCE: Petroteq Energy Inc
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PQEFF Stock Data
Industry
Crude Petroleum Extraction
Sector
Mining, Quarrying, and Oil and Gas Extraction
Tags
Integrated Oil, Energy Minerals
Country
US
City
Sherman Oaks
About PQEFF
mcw oil sands recovery, llc owns a patented, environmentally-safe, continuous flow closed-loop technology, which extracts oil from a wide range of oil and other hydrocarbon sediments types. mcw is focused on value creation of proprietary technologies for the environmentally-safe extraction of oil from oil sands and oil shale deposits, with an initial focus on utah and its first oil sands lease in asphalt ridge. mcw has a breakthrough, environmentally-friendly, proprietary oil sands extraction technology which is suitable for all hydrocarbon deposits. the closed-loop technology may also be applied for remedial project such as tailings ponds. after the launch of its first extraction plant in utah, the company is now scaling up its capacity with several additional, higher capacity extraction units within the state, which has over 30 billion barrels of undeveloped but recoverable oil. (doe estimate.) asphalt ridge, the location of mcw’s first plant, is one of utah’s 8 major oil sands depos