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Petroteq Energy, Inc., Pioneering Technologies in the Energy Industry
Petroteq Energy, Inc., Pioneering Technologies in the Energy Industry.
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"\n \n \n Petroteq Energy, Inc., Pioneering Technologies in the Energy Industry\n \n \nPetroteq Energy, Inc., Pioneering Technologies in the Energy Industry\n \n LOS ANGELES, CA--(Marketwired - Nov 30, 2017) - Petroteq Energy, Inc. (the \"Company\") (TSX VENTURE: PQE) (OTCQX: PQEFF) (FRANKFURT: A2DYWC)\n Dear Shareholders:\n In response to questions from many of you I wanted to talk about the strategic direction of Petroteq (TSX VENTURE: PQE) (OTCQX: PQEFF) (FRANKFURT: A2DYWC) and explain how I believe all of our current efforts will work together to deliver long term shareholder value.\n First and foremost, Petroteq is a technology company. Since we began operations we have moved away from commodity businesses to high margin businesses at the cutting edge of technology. That is our mission and we are striving for that goal at Petroteq. Currently, we happen to be a Technology company that is building a substantial production facility on site of an 87 million barrel oil equivalent resource.\n The first technology we have brought to the market is our unique patented technology for extracting oil from Oil Sands, in a clean way. We have successfully extracted 10,000 barrels from our original plant and are in the process of expanding and upgrading that facility at our new location with a capacity of 1,000 barrels a day.\n Of course we expect our Asphalt Ridge plant to be profitable, but that doesn't make us \"just\" an Oil Production company. We had to build and operate the plant because most of our strategy is driven off of proving our technology and then distributing that technology and licensing it worldwide.\n Our recent announcement regarding a Joint Venture with Deloro is proof that our technology is disruptive and helps generate rates of return that most other aspects of the energy industry cannot achieve.\n I intend to continue to work diligently to bring additional partners into the fold for Petroteq to unlock value across dozens of locations worldwide and billions of barrels of oil that can be accessed in a clean, environmentally friendly way, by selling and licensing our TECHNOLOGY...\n I am writing you today to explain the logic behind embarking on developing blockchain technology for the energy Industry -- which we have named Petrobloq.\n I have enjoyed a 50-year career in the Oil Patch, rising to the level of President o...