Petroteq Energy to Present at the Microcap Conference in New York City October 1-2, 2018
28 September 2018 - 10:53PM
InvestorsHub NewsWire
Sherman Oaks, CA -- September 28, 2018 -- InvestorsHub NewsWire
-- Petroteq Energy Inc. ("Petroteq" or the
"Company") (TSXV: PQE; OTC: PQEFF; FSE: A2DYWC), a fully
integrated oil and gas company, today announced that management is
scheduled to present at The MicroCap Conference in New York City.
The conference is being held on October 1-2, 2018 at the JW
Marriott Essex House.
Event: The MicroCap Conference
Date: Monday, October 1, 2018
Time: 9:00 am ET
Location: Track 4 at JW Marriott Essex House –
160 Central Park S, New York, NY
Mr. David Sealock, Chief Executive Officer of Petroteq, will be
presenting the corporate overview and discussing the Company's
recent highlights. Petroteq was recently featured in The New York
Times, in an article by Clifford Krauss,
titled, A Plan to Unlock Billions of Barrels
of Oil From Utah's Sands. Mr. Sealock will be available for
one-on-one meetings with registered investors during the
conference.
The MicroCap Conference is an exclusive event dedicated to
connecting small and micro-cap companies with high-level,
institutional and retail investors. The MicroCap Conference will
highlight the most attractive companies across various sectors. The
MicroCap Conference will be bringing up to 150 companies in
addition to expert panels and speakers to present to the
audience.
About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on
the development and implementation of a new proprietary technology
for oil extraction. The Company has an environmentally safe and
sustainable technology for the extraction of heavy oils from oil
sands, oil shale deposits and shallow oil deposits. Petroteq is
engaged in the development and implementation of its patented
environmentally friendly heavy oil processing and extraction
technologies. Our proprietary process produces zero greenhouse gas,
zero waste and requires no high temperatures. Petroteq is currently
focused on developing its oil sands resources and expanding
production capacity at its Asphalt Ridge heavy oil extraction
facility located near Vernal, Utah. In addition, the Company,
through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to
develop the first blockchain based platform created exclusively for
the supply chain needs of the oil & gas sector. For more
information, visit www.Petroteq.energy and
PetroBLOQ.com.
Forward-Looking Statements
Certain statements contained in this press release contain
forward-looking statements within the meaning of the U.S. and
Canadian securities laws. Words such as “may,” “would,” “could,”
“should,” “potential,” “will,” “seek,” “intend,” “plan,”
“anticipate,” “believe,” “estimate,” “expect” and similar
expressions as they relate to the Company, including:
the facility going into production; the production
capacity being 1,000 bod; the Company increasing its acreage; and
the Company successfully developing block chain technology for the
oil and gas industry and the anticipated benefits of such
technology, are intended to identify forward-looking information.
Readers are cautioned that there is no certainty that it will be
commercially viable to produce any portion of the resources. All
statements other than statements of historical fact may be
forward-looking information. Such statements reflect the Company’s
current views and intentions with respect to future events, based
on information available to the Company, and are subject to certain
risks, uncertainties and assumptions. Material factors or
assumptions were applied in providing forward-looking information,
including: including that Petroteq’s extraction technology
produces as expected, starting with 1,000/bod at its existing
plant; the Company having the funds (through cash flow or
financing) to fund the expansion of its plant as projected;
and PetroBLOQ successfully developing and implementing a
blockchain-based supply chain management system. While
forward-looking statements are based on data, assumptions and
analyses that the Company believes are reasonable under the
circumstances, whether actual results, performance or developments
will meet the Company’s expectations and predictions depends on a
number of risks and uncertainties that could cause the actual
results, performance and financial condition of the Company to
differ materially from its expectations. Petroteq’s proprietary
solvent based extraction technology is unproven to produce on a
commercial basis 1,000/bpd. Commercial production of 1,000/bpd at
its existing plant is unproven and expansion at the existing plant
or a new larger plant is subject to financing, development and
testing to prove it is achievable and commercial. Certain of the
“risk factors” that could cause actual results to differ materially
from the Company’s forward-looking statements in this press release
include, without limitation: uncertainties inherent in the
estimation of resources including whether any reserves will ever be
attributed to the Company’s properties; since the Company’s
extraction technology is proprietary, not widely used in the
industry, and has not been used in consistent commercial
production, the Company’s bitumen resources are classified as a
contingent resource, because they are not currently considered to
be commercially recoverable; full scale commercial production may
engender public opposition; the Company cannot be certain that the
bitumen resources will be economically producible and thus cannot
be classified as proved or probable reserves in accordance with
applicable securities laws; PetroBLOQ not having the expertise
and/or funds necessary to develop and implement a blockchain-based
supply chain management system; PetroBLOQ not being able to develop
the blockchain technology to completion; blockchain technology not
being adopted by the oil and gas industry; changes in laws or
regulations; the ability to implement business strategies or to
pursue business opportunities, whether for economic or other
reasons; status of the world oil markets, oil prices and price
volatility; oil pricing; state of capital markets and ability by
the Company to raise capital; litigation; the commercial and
economic viability of the Company’s oil sands hydrocarbon
extraction technology, and other proprietary technologies developed
or licensed by the Company or its subsidiaries, which are of
experimental nature and have not been used at full capacity for an
extended period of time; reliance on suppliers, contractors,
consultants and key personnel; the ability of the Company to
maintain its mineral lease holdings; potential failure of the
Company’s business plans or model; the nature of oil and gas
production and oil sands mining, extraction and production;
uncertainties in exploration and drilling for oil, gas and other
hydrocarbon-bearing substances; unanticipated costs and expenses,
availability of financing and other capital; potential damage to or
destruction of property, loss of life and environmental damage;
risks associated with compliance with environmental protection laws
and regulations; uninsurable or uninsured risks; potential
conflicts of interest of officers and directors; and other general
economic, market and business conditions and factors, including the
risk factors discussed or referred to in the Company’s disclosure
documents, filed with the securities regulatory authorities in
certain provinces of Canada and available
at www.sedar.com.
Should any factor affect the Company in an unexpected manner, or
should assumptions underlying the forward-looking information prove
incorrect, the actual results or events may differ materially from
the results or events predicted. Any such forward-looking
information is expressly qualified in its entirety by this
cautionary statement. Moreover, the Company does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release, and the Company undertakes no obligation to publicly
update or revise any forward-looking information, other than as
required by applicable law.
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. Alex Blyumkin Chief Executive Officer Tel: (800) 979-1897 ir@petroteq.energy
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