Petroteq Energy Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Vladimir Podlipskiy
- Full Time Employees
- 50
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 15315 West Magnolia Boulevard Sherman Oaks CA United States of America 91403
- IPO Date
- May 8, 2014
- CIK
- 0001561180
- Website
- petroteq.com
- Similar Companies
- Business
- Petroteq Energy Inc. is a clean technology company focused on the development, implementation, and licensing of proprietary, environmentally safe technologies for extracting heavy oil and bitumen from oil sands and mineable deposits; its Clean Oil Recovery Technology (CORT) enables a closed-loop, solvent-based extraction process that produces high-quality sweet medium to heavy crude oil with low sulfur content, produces no emissions or waste tailings ponds, uses no water, and remediates oil sands to EPA Tier 1 clean sand quality. The company operates through subsidiaries including Petroteq Energy CA Inc., which explores, extracts, and produces oil from deposits in the Asphalt Ridge area of Uintah County, Utah, under mineral leases covering approximately 1,672 acres including the TMC Mineral Lease and Temple Mountain State leases, as well as additional rights across 5,960 acres in Uintah, Wayne, and Garfield Counties; it also pursues ancillary mining and sand remediation services and develops a blockchain-powered supply chain platform for the oil and gas industry. Founded in 2010 as MCW Energy Group and renamed Petroteq Energy Inc. in 2017, the Canadian-incorporated holding company, publicly traded on the TSX Venture Exchange (PQE) and OTC Pink (PQEFF), maintains executive offices in Sherman Oaks, California, with its initial processing plant in Vernal, Utah, targeting ESG-compliant production below $20 per barrel. Recent developments include the 2022 withdrawal of a takeover bid by Viston United Swiss AG following CFIUS review, completion of a 500 barrels per day pilot plant at Asphalt Ridge NW and updated design for a 5,000 barrels per day facility, executive changes with appointments of Ronald Miles as CEO and Barry Bergstrom as CFO, multiple non-brokered private placements raising up to C$120,000 and US$900,000 for technology advancement and working capital, and a debt conversion with Cantone Asset Management; earlier milestones encompass a 2018 partnership with Valkor LLC, a 2019 economic viability study by Chapman Engineering affirming commercial scalability, and a 2020 non-exclusive licensing deal for CORT with Greenfield Energy LLC, a TomCo Energy and Valkor joint venture.
Comparing Tidewater (NYSE:TDW) & Petroteq Energy (OTCMKTS:PQEFF)
Petroteq Is Pleased To Announce That TSX Venture Exchange Has Accepted Its Application for the Resumption of Trading in Its Common Shares
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Petroteq Provides Update on TSXV Application for Reinstatement
Petroteq Energy Announces Completion of Quadrise Testing Program
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Petroteq Provides a Corporate Update
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Management Update on Filing of Financials
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Management Update
Petroteq Energy Announces Sale of Additional Load of Oil
Cease Trade Order Issued by the Ontario Securities Commission
Petroteq Announces Management Changes
Petroteq Provides Update on Form 10-Q and New Subscription
ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Petroteq Energy Inc. and Encourages Investors with Losses to Contact the Firm
Commercialization of Petroteq's Technology Has Been Verified by Reputable Third-Party Engineering Firm