QUEBEC CITY, QUEBEC--(Marketwired - May 18, 2016) - Pétrolia (TSX VENTURE:PEA) announces the commencement of the long-term production tests on Haldimand Number 4.
The Company announced last January 6th that the well cleaning operation completed on Haldimand Number 4 had been successfully performed. On the basis of the results of that cleaning operation, Pétrolia and its partner Québénergie have approved the 240-day long-term test program. Pétrolia has been issued all the necessary government approvals to begin this production test.
About Pétrolia
Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses 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 92 420 195 shares issued and outstanding.
Disclaimer
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.
Contact
Information Alexandre Gagnon President and CEO 418-657-1966 agagnon@petrolia-inc.com For Interviews Jean-Francois Belleau Director of Public and Governmental Affairs 418-657-1966 jfbelleau@petrolia-inc.com
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