Petroteq Energy Announces Appointment of Dr. R. Gerald Bailey to Board of Advisors of PetroBLOQ

STUDIO CITY, CALIFORNIA--(Marketwired - Dec. 7, 2017) -

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Petroteq Energy Inc. (the "Company") (TSX VENTURE:PQE)(OTCQX:PQEFF)(FRANKFURT:MW4A) announces that Dr. R. Gerald Bailey, P.E. has been appointed to the Board of Advisors of PetroBLOQ. PetroBLOQ's is a novel blockchain-based oil and gas supply chain management platform being co-developed by the Company and First Bitcoin Capital Corp. (OTC:BITCF).

Dr. R. Gerald "Jerry" Bailey, an officer and director of the Company, has over 50 years of experience in the international petroleum industry with extensive experience in the Middle East and in the U.S. onshore and offshore sectors. Dr. Bailey is currently the Chairman of Bailey Petroleum, LLC, a consulting firm for major oil and gas exploration and development corporations. In addition, he is Chief Operating Officer of Indoklanicsa, Nicaragua, and Vice Chairman of Trinity Energy Group, Inc. Dr. Bailey is the former Chairman of American Impact Energy and former CEO of American Dakota Refinery, LLC.

Dr. Bailey is retired from Exxon, lastly as President, Arabian Gulf. During his Exxon career, he also served as the Assistant General Manager, Administration & Commercial, Abu Dhabi Onshore Oil Company; Operations Manager, Dukhan Operations, Qatar General Petroleum Corp.; and the Operations Manager, Umm Said Operations, Qatar General Petroleum Corp. He was also the Operations Superintendent, Exxon Lago Oil, Aruba and has spent time in Libya as Operations Superintendent for Esso Standard, Libya, Brega, with experience in LNG and oil field production.

Dr. Bailey holds a BS Degree in Chemical Engineering from the University of Houston, an MS Degree in Chemical Engineering from the New Jersey Institute of Technology, a PhD Degree from Columbia Pacific University and is a graduate of Engineering Doctoral Studies from Lamar University.

"We are very pleased to welcome Dr. Jerry Bailey to the Board of Advisors of PetroBLOQ," said Alex Blyumkin, CEO of the Company. "His unparalleled expertise in all aspects of oil and gas will be critical as PetroBLOQ aims to develop a revolutionary supply chain solutions for the industry."

"I am extremely excited to be part of PetroBLOQ's advisory board," said Dr. Bailey. "After 50 years in oil and gas, I can attest that this industry may stand alone in its desperate need for novel solutions to overcome the complexities and difficulties of management throughout every step of the supply chain - upstream, midstream and downstream. I look forward to contributing my expertise and guidance to this critical effort."