In the epic battle between OPEC and the U.S. for global market share - low cost producers are set to reap a stunning energy investor windfall.
Technology is their key advantage. Their patented Liquid Extraction System is the first ever to generate production from Utah’s 32-billion-barrel heavy oil resource.
It extracts over 99 percent of all hydrocarbons in the sand, generates zero greenhouse
gases and doesn’t require high temperatures or pressures.
In Asphalt Ridge—Petroteq has an estimated 87 million barrels of oil equivalent worth $5.2 billion. The overall cost for production is expected to come in at only $22 a barrel.
The plan is to reach 5,000 bpd by 2019 with a cost of production of $18 per barrel. There’s potential, says Petroteq, to achieve 30,000 bpd with proven reserves.
And that isn’t even their biggest opportunity.
Petroteq’s technology could generate billions in licensing fees around the world, and it is eyeing the opportunity to file patents in all countries with oil sands reserves.
They’re not only targeting the 1 trillion-plus barrels of oil in the sands of Utah, Colorado and Wyoming, but trillions more barrels from all around the world.
1) “Holy Grail” Patented EOR Tech
2) 87 Million Barrels of Oil Equivalent Worth $5.2 Billion
3) A Blockchain Solutions For Energy Markets
4) Skin in the Game Expert Management Team
5) Prices on the Rise, Heavy Oil Demand Shifting Up
The Holy Grail Of Oil Sands Technology
The OPEC/U.S. energy war is heating up. Recently, American production of crude oil rose to an all-time high, surpassing 10 million bpd.
In February, the International Energy Agency predicted that U.S. shale output could meet nearly all new global demand, thanks to its “extraordinary growth.”
The key to this battle is technology. And the U.S. national interest right now is all about increasing domestic energy sources.
Most investors wouldn’t think of the oil sands as a solution. They have a bad reputation: people tend to think of oil sand extraction as dirty and expensive.
The tar sands of Canada are one of the biggest petroleum deposits on earth.
Unfortunately, they were so expensive to exploit that most majors had to divest from their holdings there after the oil price crashed below $60/barrel in 2014.
Technological advances such as their patented Liquid Extraction System will become a key focus for revolutionizing the economics of U.S. oil sands deposits.
Existing oil sands extraction technologies use tons of water and leave toxic trailing ponds.
Petroteq’s system produces oil and leaves behind nothing but clean, dry sand that can be resold as fracking sand or construction sand or simply returned to Mother Nature.
Better still - it can achieve production costs of as low as $22/barrel.
The end result? The extracted crude oil is free of sand and solvents and then pumped out of the system into a storage tank.
According to Petroteq Chairman and CEO Aleksandr Blyumkin, “no other company has what
we have in this space.”
Unlocking 1.2 Trillion BOE In The U.S. Alone
For Utah’s locked in oil sands, this tech could be a silver bullet.
The State of Utah is home to more than half of all U.S. oil sands deposits, and the Uintah region has been producing oil since the 1950s. It’s got more than 32 billion barrels of oil equivalent in sands waiting to be extracted from 8 major deposits.
It’s also got fantastic infrastructure.
There are 5 major refiners with truck routes to Salt Lake City.
Even better, this is heavy oil-producing oil sands that can be accessed directly from the surface, so there’s no risk of running into a ‘dry well’.
Until now the problem has been economics.
At current prices, Utah oil sands are a non-starter.
That’s where Petroteq comes in. Its patented oil extraction technology was the very first to generate production from Utah’s massive heavy oil resource.
Petroteq acquired the Asphalt Ridge for $10 million, giving it the rights to exploit a huge deposit of an estimated 87 million boe equivalent of bitumen in eastern Utah.
At current oil market prices, the field’s oil has gross value of up to $5.2 billion. That’s big news, for a company with an $85 million market cap.
Their plant is just coming online, and it’s ready to produce 1,000 bpd at a cost in the low $20s per barrel. Soon, they’ll be getting ready to ramp up to 5,000 bpd.
Canada alone has 100 billion boe of oil sands worth $6 trillion, and worldwide reserves are vast.
Kazakhstan, Venezuela, Russia and China all have trillions of barrels locked up in oil sand, and are eager to start working with this brand-new technology.
Utah, Colorado and Wyoming together hold about 1.2 trillion boe in oil sands and shale, worth a combined $72 trillion at current market prices.
They’re ripe for safe, inexpensive exploitation through Petroteq’s new methods.
Fortunes can be built on licensing fees alone.
Revolutionizing Energy Supply Chains With Blockchain
Petroteq’s EOR technology isn’t their only licensing opportunity.
Nothing could change oil industry supply chain management more than blockchain.
Supermajors BP, Shell and Statoil are getting into blockchain because it promises to make oil and gas trading a lot easier - while eliminating middle men.
With PetroBLOQ, Petroteq is developing the first blockchain-based platform exclusively for the oil and gas sector’s supply chain needs—GLOBALLY.
PetroBLOQ is already attracting major attention:
It was cited by Geoffrey Cann, director at Deloitte specializing in oil and gas, as a contender for best blockchain tech in the energy sector.
In January PetroBLOQ reached an agreement with Pemex, the Mexican state-owned oil company. Through its PetroBLOQ subsidiary, Petroteq is developing a supply chain management system for Pemex that could radically improve efficiency.
Ultimately, its blockchain platform could end up involved in every single transaction in the oil and gas supply chain—upstream, midstream and downstream.
Management Has Major Skin In The Game
More importantly, they’re betting on themselves to win.
CEO and Chairman Alexsander Blyumkin has invested millions in the business, including an interest-free loan for the production facility at Temple Mountain in Utah.
Founder and CTO Dr. Vladimir Podlipskiy is a 23-year veteran in chemistry, R&D and manufacturing, and is a chemical scientist from UCLA.
He’s the oil extraction tech genius with a line-up of patents for everything from oil extraction and mold remediation to fuel reformulators.
Chief Geologist Donald Clark, PhD, a widely published geologist and consultant, is the blockchain tech mastermind in this group.
Together they bring the experience necessary to execute on Petroteq’s ambitious agenda.
Now is the time to pay attention to Petroteq (TSX:PQE.V; OTCQX:PQEFF) for a single big reason - the likely imminent spike in demand for heavy oil. President Donald S. Trump has announced a $1.7 trillion infrastructure plan.
Billions of dollars will be deployed to rebuild U.S. infrastructure and it requires exactly the kind of heavy oil that Petroteq can produce from oil sands.
This is a story of extracting costs of $22 per barrel of oil… in a $70 world.
The U.S. is positioned to become the world’s dominant energy producer. And it’s all thanks to innovation from companies like Petroteq (TSX:PQE.V; OTCQX:PQEFF).
I’m long, and I’m excited for their plant to come online.
By. James Stafford
IBM (NYSE: IBM) Another old company with pedigree, IBM (International Business Machines) has suffered from sluggish performance, posting only a single quarter of positive revenue growth in the last five years.
But IBM has a trick up its sleeve: its technicians and engineers are masters of blockchain technology and the cloud.
In September 2017, IBM was voted the No. 1 blockchain tech firm in a survey of 400 executives.
The big company is engaged in a number of blockchain research initiatives. It’s engaged in the open-source HyperLedger project and has built a portfolio of Fortune-500 clients covering industries where blockchain is about to disrupt.
Microsoft (NASDAQ:MSFT) is one of the most innovative and well-known companies within the tech sector, but its Windows platform is the most widely used operating system on the planet. First launched in 1985, Windows has shaped what is expected from a personal home computer.
But Microsoft is appealing to investors for more just its Windows platform. Like Intel, Microsoft is diving head first into an entirely new market. With key partnerships utilizing and implementing blockchain technology, the company’s upside could have huge potential as the tech takes off.
Celestica Inc. (NYSE:CLS) is a manufacturer of electrical devices used in IT, telecommunications, healthcare, defense and aerospace industries. The company has seen strong growth YoY which we expect to continue as the sales expectations are almost 3% better than last year’s.
While many investors thought the stock was overvalued after a stellar run in 2016, the recent correction and volatility in the stock has attracted new buyers and the stock has recovered since.
While telecommunications stocks have been volatile recently, defense, IT and aerospace industries have outperformed and while many see limited upside, these industries continue to surprise both investors and analysts.
Pengrowth Energy Corp. (NYSE:PGH): Another company that looks to have halted its falling stock price and is now preparing to ride the bullish sentiment in oil markets. Having shed a lot of excess weight this year in massive asset selloffs, investors can expect a much leaner and meaner Pengrowth in 2018.
For those investors who like to follow the smart money, billionaire investor Seymour Schulich bought millions of extra shares in Pengrowth in early October, boosting his position from 19 percent of the stock to 24 percent. He claims that he is confident that oil and gas is going up.
TransCanada (NYSE:TRP): is a major oil and energy company based in Calgary, Canada. The company owns and operates energy infrastructure throughout North America. TransCanada is one of the continent’s largest providers of gas storage and owns and has interests in approximately 11,800 megawatts of power generations.
With TransCanada’s massive influence throughout North America, it is no wonder that the company is among one of Canada’s highest valued energy companies. Investors can feel comfortable with the company due to its huge and diverse portfolio, and continuing eye for success.
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this release include that PETROTEQ will be able to produce oil as currently scheduled, at the rates of production announced and at the targeted low prices from its Utah property; that PETROTEQ will successfully develop a blockchain supply chain solution for the oil industry; that it will have customers and contracts for its supply chain technology; that oil will be as much in demand in future as currently expected; that PETROTEQ’s technology is protected by patents and that it doesn’t infringe on intellectual property rights of others; that PETROTEQ will find licensees for its technology and that it can patent its technology in many countries; that PETROTEQ’s technology will work as well as expected; that blockchain technology will help PETROTEQ create a supply chain management system which can handle all transactions; and that PETROTEQ will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company’s patents and other technology protection are not valid, patents may not be granted in countries where PETROTEQ wants to license its technology; production of oil may not be cost effective as expected, technology development costs may be much higher than expected, there may be construction delays and cost overruns at the production plants, PETROTEQ may not raise sufficient funds to carry out its plans, changing costs for extraction and processing; technological results based on current data that may change with more detailed information or testing; blockchain technology may not be developed to be as useful as expected and PETROTEQ may not achieve its business plans; competitors may offer better technology; and despite the current expected viability of its projects, that the oil cannot be economically produced with its technology. Currently, PETROTEQ has no revenues.
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