QUEBEC, QUEBEC--(Marketwired - Sep 8, 2016) - Pétrolia (TSX VENTURE:PEA) announces the resignation of board member Jacques Bourgeois. Mr. Bourgeois joined the Pétrolia board of directors in 2013. Over the last 3 years, Mr. Bourgeois' knowledge of the Quebec business environment and vast experience have enriched in a lasting manner the deliberations of the board of directors.
Pétrolia would like to thank Mr. Bourgeois for his dedication and commitment to the Company and wishes him well in his future personal and professional endeavours.
Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licences covering 16,000 km² (4 million acres), which represents almost 23% of the Québec Territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Pétrolia holds a 21.7% interest. In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project operator. Pétrolia is a Quebec company whose objective is to develop oil from here, by the people here, for here. Pétrolia has 97,049,881 shares issued and outstanding.
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia disclaims any intention or obligation to update these forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information:
President and CEO
Director of Public and Governmental Affairs