Detail akcie Petroteq Energy Rg online

Business Summary: Petroteq Energy Inc. is a clean technology company. The Company is focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The Company's subsidiary, Petroteq Energy CA Inc. (PCA), is engaged in the business of exploring for, extracting and producing oil and hydrocarbon products from oil sands deposits and sediments located in the Asphalt Ridge area of Uintah County, Utah. The Company specializes in oil production with ancillary offerings in mining and sand remediation. The Company's clean oil recovery technology (CORT) is used at its Asphalt Ridge Plant to extract and produce crude oil from oil sands utilizing a closed-loop solvent-based extraction system.
Financial Summary: BRIEF: For the nine months ended 31 May 2022, Petroteq Energy Inc revenues decreased from $2M to $0K. Net loss increased from $6.4M to $15M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Selling, General and administrative increase from $3.2M to $8.6M (expense), Amortization of debt discount increase from $1.3M to $4M (expense).