Petroteq Energy Inc. holding company, which is engaged in various aspects of the oil and gas industry. The Company’s primary focus is on the development and implementation of its own oil sands mining and processing technology to recover oil from surface mined bitumen deposits. The Company’s subsidiary includes Petroteq Energy CA, Inc. (PCA). PCA operates through its two subsidiaries, Petroteq Oil Recovery, LLC (POR), and TMC Capital, LLC (TMC Capital). 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 Are of Uintah County, Utah. PCA utilizes its own extraction technology. PCA’s primary oil sands extraction and processing operations are conducted at its Asphalt Ridge processing facility, which is owned by POR.