Petroteq Energy Inc (PQEFF)

[stkjunky]

Yep, and now running about 3 weeks behind schedule regarding scale up to 500 BPD.

Ref news release dated appx Jan 19, 2016 (see below)

"3. Scale-up of MCW's 250 bbl/day plant in Utah. MCW's first extraction plant, in production mode since October, 2015, is undergoing a scale-up program in order to increase capacity of this plant to an anticipated 500 bbl/day. The Company had the foresight to install some key components that would facilitate higher capacities when the unit was first completed. The final stages of this scale-up project are now being completed in order to increase processing capacities, improve extraction time efficiencies, and more efficient separation systems. (Please see our Press Release dated December 16th, 2015, "MCW Reports On Capacity Augmentation Program...." for more details). It is anticipated that this program will be completed by the end of Q1-2016."

Nothing but news regarding more borrowing and no update regarding 500BPD...