Petroteq NOI revoked for Asphalt Ridge

Petroteq has been successfully using our system to scam investors and residents of Vernal Utah for years. The Utah Division of Oil Gas and Mining has finally ended the NOI permit at TMM Asphalt Ridge and ordered Petrorteq to begin reclamation in April 2022 that was to be completed by July 30 2022. It is unclear if they have done any reclamation. 

asphalt ridge

A February 4, 2022 letter from Asphalt Ridge Inc of Reno Nevada indicates that Pertoteq has been evicted from their mine site at Temple Mountain for non-payment of rent. Asphalt ridge Inc. is the owner of the land where Petroteq was operating their project.  The termination of Petoteq’s right of Entry onto the property effectively terminates their mine permit at Asphalt Ridge outside of Vernal Utah.    

I have been warning folks that this project is a scam for several years. The company run by Aleksandr Blyumkin has had name changes and multiple partners throughout the life of the project which was permitted in 2013. During the time they were operating as MCW they were evicted from land held by SITLA. 

In June 2022 the SEC filed  cease and desist proceedings against Petroteq.

SEC filing against Petroteq  

They are ordered to correct the fraudulent statements in their SEC filings and pay these fines:

Petroteq shall pay civil penalties of $1,000,000 to the SEC in 4 installments within, 10 days, 180, days, 270 days, and 364 days of the court order on June 13 2022. 

Aleksandr Blyumkin shall pay civil penalties of $450,000 to the SEC on a similar schedule.  

Protest at PR Springs Utah

The connection should be made that David Sealock was the CEO of Petroteq from March of 2018 until 2020 when he left Petroteq and bought the bankrupt “US Oil Sands” tar sands strip mine at PR Springs which was called “2020 Resources”. Now it is called “Sky Quarry” owned by David Sealock who moved from Canada to Salt Lake City to run the Sky Quarry scam

Petroteq is a tar sands scam.

Utah leadership welcomes another tar sands scam

Another tar sands scam? In Utah the false “hope” of billions of barrels of oil in tar sands and oil shale rocks is the real gold mine for a sleezy few. Consqently many companies have come and gone in the continuous pursuit of tar sands and oil shale “billions” in the remote Tavaputs Plateau of Eastern Utah. Much of this land is part of the Uncompahgre Reservation. SITLA is controlling and leasing this land on behalf of the beneficiaries who are Utah School Children.

Dead bird in tar sands seep

Bird trapped in tar seep from abadoned tar sands site near PR Springs Utah.

Who benefits?

The people who really benefit are SITLA board members and the companies they run.  The Governor Dirty Herbert (who appoints the board and the director of SITLA) and his friends also benefit. Many of the Utah State legislators and their friends benefit.  Local politicians benefit in Vernal and Uintah county. The list is long.

So much money has been invested in foolish and wasteful efforts to turn rocks into oil. Although certain people have made a lot of money from this fraud certainly most folks have lost and local communities have suffered bust and boom cycles in addition to corrupt politics, pollution and failed strip mines.

Utah leadership meets with petroteq scammer

Tar Sands scam operator from Petroteq meet with Utah Senator Van Tassel and the office of Energy Development.

Meet MCW now Petroteq chairman in the middle of this photo. Val Hale with the Utah department of energy development is shown with Utah senator Kevin Van Tassell. Legitimacy for this tar sands scam is created as a result of the visit from state officials. MCW was shown to be tresspassing on SITLA land after failing to make the lease payments to the trust shortly after this ribbon cutting .

Utah senator Kevin Van Tassell is currently proposing legislation to funnel CIB money over to his really good friend Misscarriage Mckee.

MCW energy recently changed names to Petroteq  They have a lot to hide. See the complaint I made in 2016.

MCW trespass settlement

Lease termination

page 23 of 33

MCW Oil Sands Recovery, LLC
18653 Ventura Blvd., Suite 158
Tarzana, CA 91356
LEGAL DESCRIPTION:
Township 4 South, Range 20 East, SLB&M
Section 24: SW¼NE¼ (within)
Beginning at a point on the West line of the SW¼NE¼ of Section 24, T4S, R20E, S.L.B.&M. which bears
S00°03’30″W 2188.08′ from the North ¼ Corner of said section, thence N80°35’23″E 106.99′; thence N88°14’24″E
76.21′; thence N56°09’04″E 111.45′; thence N86°57’01″E 170.56′; thence S29°35’37″E 178.54′; thence
N70°59’42″E 112.54′; thence S70°12’47″E 51.67′; thence S34°34’27″E 50.92′; thence S17°52’02″W 43.46′; thence
S65°08’33″W 148.83′; thence S21°42’48″E 29.29′; thence S63°06’47″W 303.14′; thence N75°54’48″W 196.38′;
thence N62°12’16″W 134.03′ to the said west line of the SW¼NE¼; thence N00°03’30″E 244.96′ to the point of
beginning. Basis of bearings is the North-South ¼ section line of the said section which is assumed to bear
S00°03’30″W. Contains 4.79 acres.
The lease administrator has had this legal description reviewed by the GIS Group.
COUNTY: Uintah ACRES: 4.79 FUND: School

SPECIAL USE LEASE NO. 1838 (TERMINATION) (COTNINUED)
The Director has issued a Final Agency Action terminating Special Use Lease No. 1838 effective October 3, 2016. The
lessee is MCW Oil Sands Recovery, LLC (“MCW”). The SULA 1838 was issued effective July 1, 2016, for the purpose
of constructing, operating, and maintaining an oil sands processing facility.
Paragraph 10.4(a) of the lease required that MCW provide the Agency with a good and sufficient bond or other
acceptable financial guarantee to guarantee MCW’s performance of all covenants and obligations under SULA 1838, in the
amount of $200,000, to be filed with the Agency within 30 days of the commencement date of the lease. The deadline for
submission of the required bond was July 30, 2016. The required bond was not received by SITLA by the July 30, 2016
deadline.
Pursuant to Paragraph 11.1(a) of the lease, on August 18, 2016, the Agency sent a certified notice of default to MCW,
notifying MCW that they were in default of the terms and conditions of the lease regarding the bonding requirement set
forth in Paragraph 10.4(a) of the lease. The notice of default further notified MCW that they had 30 days from the date of
the notice to cure the default, and that if the default was not cured timely, the Agency would terminate the lease and exercise
its rights and remedies pursuant to SULA 1838. The deadline for MCW to cure the default was September 17, 2016.
MCW has failed to cure the aforementioned default prior to the September 17, 2016 deadline. Therefore, pursuant to
Paragraph 10.4(b) and Paragraph 11.2 of the lease, the Agency has terminated SULA 1838, effective October 3, 2016.
A certified notice of the final Agency action has been sent to MCW. If MCW wishes to appeal the action, they must
file a written petition within 14 days of the mailing date of the action, requesting that the Board of Trustees conduct an
adjudicative proceeding to review the Agency’s action. The written petition must be filed with the office of the Director
and contain the information set forth in Utah Admin. Code R850-8-1000. In the event that an appeal is not filed in the
applicable time period, the decision will become final and unappealable.
This item was submitted by Mr. Chris Fausett for record-keeping purposes.

 

Investor Warning tar sands scam

Recently Petroteq has been creating press releases and has put out PAID SPONSORED articles on energy websites stating they can produce oil at $20 a barrel. With the price of oil above $45 for the second half of 2016 and averaging about $50 in 2017, why couldn’t they ramp up production of their low-cost $20 a barrel oil?  The reason is simple… they can’t produce oil anywhere near $20 a barrel.

Investor warning tar Sands scam! Petroteq is seeking investors to prop up their sketchy project.

In 2017 MCW energy changed names to Petroteq.  They have a lot to hide. See the complaint I made in 2016.

MCW trespass settlement

Petroteq Investor scam site

Investor Warning tar sands SCAM, Petroteq near Vernal Utah.

investor warning tar sands scam Petroteq energy

Petroteq tar sands facility is using a diesel generator while claiming to be green house gas free.

excerpts from this article explain the concerns well. I have seen first hand the fraud occurring on land leased from SITLA for tar sands and oil sands strip mining. 

https://srsroccoreport.com/biggest-breakthrough-energy-investor-warning/

“the more research I did on Petroteq and its competitors, the more I was convinced that the company’s claims were too good to be true due to old fashion EROI economics as well as several RED FLAGS.

How so?  Well, let’s first start off with first Red Flag that takes place in many small-cap companies.  And by that, I am referring to the oldest trick in the book… changing the name of the company.  Petroteq Energy was previously called MCW Energy Group.  On May 4th, 2017 the company announced the name change:”

Formal Complaint and Request for Action Against MCW Energy Group

americafirst-2nd

I submitted this complaint to the following agencies yesterday afternoon.

Utah Division of Air Quality, Utah Division of Water Quality, Utah Department of Environmental Quality, and Utah DOGM Minerals Regulatory Program.

I will post an update when I get some responses.

COMPLAINT:

This letter is a formal complaint and request for action by Raphael Cordray, personally, and behalf, Utah tar Sands Resistance (UTSR).

This complaint alleges that MCW Energy is operating a tar sands processing plant near Vernal in violation of State and Federal environmental laws and regulations. MCW Energy is performing unlawful activity by building and operating a tar processing facility without environmental permits.

My search of public records reveals that no current permits are existing as required by law and for public safety. This Tar Processing facility is adjacent a residential area putting homes and families at risk.

MCW has no Air pollution control permit.

MCW has no Storm Water discharge permit

MCW has no NPDES Process Water discharge permit

MCW has no permit for RCRA Waste Streams yet appears to create RCRA waste streams

There are chemicals and processes on site that require permitting and regulation yet the MCW facilities and tar processing operations are currently unpermitted and unregulated.

MCW stands to gain a huge financial benefit from this illegal activity by placing human health and the environment at risk.  MCW is defrauding investors by making numerous false claims on their website.

MCW has used public leaders including, Kevin Van Tassel and Governor Herbert to create an illusion of legitimacy for this illegal project.

I am aware that a Right Of Entry (ROE) permit 6166 was issued to MCW on February 2nd by SITLA.  I also reviewed the related “Final Agency Action” letter from Kevin Carter of SITLA to MCW dated Nov. 17 2015.

ROE 6166 executed contract

I am concerned about the content of the ROE.  The ROE claims to authorize the dumping of process water by MCW tar processing facility in unlined pits on the site.  Where is the public process and proper environmental impact research in an ROE?  A tar sands factory needs more than an ROE to operate yet state of Utah records indicate that MCW has been operating illegally on this site for years.

The ROE permit 6166 states:

“SITLA authorizes and approves Permittee’s use, storage and disposal of Produced Water on the Permitted Property.”

SITLA does not regulate produced water. How & Why are they “authorizing” it?

We request that you take immediate action and close this illegal operation.  We demand that the environmental impacts to our air, water and the land from this toxic experiment be disclosed and addressed. We formally request that  ALL relevant laws and rules be effectively applied and enforced to this project.

Please contact me if you need any further information.

I look forward to your responses.

Sincerely,

Raphael Cordray, personally and for,

Utah Tar Sands Resistance

Tar Sands in the United States

by Ben Jervey (reposted from DesmogBlog)

Tar-sands-oil-canada-2Think that that dirtiest oil on the planet is only found up in Alberta? You might be surprised then to hear that there are tar sands deposits in Colorado, Utah and Wyoming, much of which are on public lands.

While none of the American tar sands deposits are actively being developed yet, energy companies are frantically working to raise funds, secure approvals, and start extracting.

To help you better understand the state of tar sands development in the U.S., here’s a primer. Continue reading