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Petroteq Announces Contact From Uppgard

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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

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PETROTEQ ENERGY INC

OTC:PQEFF

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PQEFF Latest News

Oct 11, 2022
Petroteq Energy Inc. Announces Upsize of Non-Brokered Private Placement and Amendment to Warrant Terms
Sep 30, 2022
Corporate Update From New Chief Executive Officer Ron Miles
Sep 19, 2022
Petroteq Provides Corporate Update, New Executive and Board Appointments, Completion of Regulatory Advisory Committee Mandate and SEC Compliance Framework Extension
Aug 29, 2022
Viston United Swiss AG has Announced the Withdrawal of Takeover Bid to Acquire Shares of Petroteq
Aug 29, 2022
Viston United Swiss AG Withdraws Offer to Acquire Petroteq Energy Inc.

PQEFF Stock Data

889.81k
654.14M
15.76%
0.01%
Crude Petroleum Extraction 
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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