Petroteq Energy Appoints Seasoned Oil Exploration & Production Entrepreneur Frank Ingriselli To Advisory Board

Petroteq Energy Inc. (“Petroteq” or the “Company”) ("Petroteq" or the "Company"), a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to appoint its newest member Mr. Frank Ingriselli to the Company’s Advisory Board.

Petroteq’s Advisory Board provides guidance and insight to the management team on the Company’s strategic initiatives and go forward strategy as it relates to operational activities of the Asphalt Ridge heavy oil extraction facility located near Vernal, Utah.

Mr. Ingriselli is a seasoned leader and entrepreneur with wide-ranging oil exploration and production experience in diverse geographies, business climates and political environments over the past three decades. He founded Blackhawk Energy Ventures in 2016 and serves as the President and CEO. The company focuses on identifying and acquiring under-valued oil assets and maximize their production and profit by utilizing stringent cost-effective, low-overhead operation programs to bring bottom line profitability through operational efficiency and market responsiveness. Prior to that, he was the Founder and Chairman of Pacific Energy Development. He was also the former President and CEO of Erin Energy Inc., and Pacific Asia Petroleum, Inc.

Mr. Ingriselli began his career at Texaco in 1979 and held various key executive positions with Texaco throughout the following two decades including being the former President of Texaco Technology Ventures and President of Texaco International Operations Inc.

David Sealock, CEO of Petroteq commented, “We are excited to have Frank on our team. We believe that his notable background and expertise in international oil and energy will serve as an invaluable tool for the development of our future strategy.”

About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly-owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and PetroBLOQ.com.