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Oil Sands: The Petroteq advantage
CLEAN TECHNOLOGY
- Proprietary extraction technology
- Greatly reduces greenhouse gases
- Requires no water, leaves no waste water/tailings pond
- Demands no high temperatures or pressures
- No waste - leaves clean, dry sands
- Up to 99% of hydrocarbons are extracted and 95% of solvents used are recycled
- Potential for regional and global deployment via licensing
OIL SANDS PRODUCTION
- 2,500+ acres in Uinta Basin, Utah + 8,400 acres leased in PR Springs/Tar Sands, Utah
- Small, modular footprint, low capex & opex
- Proof-of-technology demonstration facility with 4-500 bpd capacity after upgrades completed April 2021
- Goal of 5,000 bpd production in 2023 1 and 10,000 bpd in 2024
- Potential to unlock international mineable heavy oil deposits
PETROTEQ’S CLEAN OIL RECOVERY TECHNOLOGY (“CORT”)
INTEGRATES CLEAN TECHNOLOGY & OIL SANDS PRODUCTION
(1) Based on Managements plans in conjunction with Chapman Petroleum Engineering, Ltd., September 1, 2018.