Thursday, March 01, 2018 11:40:06 AM
If the oil n gas sector is perking up your interest and you want to make monster profit take a look @ PETROTEQ. PQEFF otc. March could be its month of reckoning as they start ramping up production from their UTAH plant producing north of 1000/ boep/day. Float is only 58mil shares.
Asphalt Ridge facility planned to boost production to 5,000+ bopd
Proof of concept for the technology was successfully achieved at 250bopd. Now this revolutionary extraction facility is being scaled up as it is moved on to Petroteq's Asphalt Ridge site in Utah. Here there are 3,000 acres of rich and thick oil sands, allowing 25-30 years of production at 5,000bopd or more.
Assembly of Petroteq’s heavy oil extraction plant in Utah is proceeding ahead of schedule. The facility is expected to be the first such operation in the country to be powered by Petroteq’s blockchain-based supply chain management system, being developed by PetroBLOQ, a wholly owned subsidiary of the Company.NPV analysis and peer comparisons suggest 191% upside
Our NPV and peer analysis shows the stock trading at a discount. We initiate coverage of Petroteq with a target price of US$3.98 (CAD $4.89) and Conviction Buy stance.
Recent PTCO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 07:08:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 02:26:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/23/2024 07:15:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/30/2023 07:35:40 PM
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