Petroteq announces contact from Uppgard

SHERMAN OAKS, CA / ACCESSWIRE / July 27, 2021 / Petroteq Energy Inc. (‘Petroteq‘ or the ‘company‘) (TSXV: PQE) (OTC PINK: PQEFF) (FSE: PQCF), an integrated oil company focused on the development and implementation of its proprietary oil extraction and remediation technologies, announces that its securities advisor was contacted by the customer of Uppgard Konsult AB, the bidder, through legal counsel.

Although there is no guarantee that conversations will result in meaningful conversations or a transaction, the Company has advised the Bidder’s Canadian legal advisor that it is open and willing to enter into discussions.

About Petroteq Energy Inc.
Petroteq is an integrated oil company focused on the development and implementation of a new proprietary technology for oil production and remediation. The company has an environmentally friendly and sustainable technology for the extraction and recovery of heavy oil and bitumen from oil sands and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Petroteq is currently focused on developing its oil sands resources and expanding manufacturing capacity in Asphalt Ridge near Vernal, Utah.

For more information, visit www.Petroteq.energie.

Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

CONTACT INFORMATION
Alex Blyumkin
CEO
Petroteq Energy Inc.
Tel: (800) 979-1897

SOURCE: Petroteq Energy Inc

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