QUEBEC CITY, QUEBEC--(Marketwired - Sep 2, 2016) - Pétrolia inc. (TSX VENTURE:PEA) has confirmed the existence of a functional oil reservoir comprised of natural fractures on the Haldimand property. In fact, the production test on Haldimand 4 allowed the natural production, without artificial aid, of high quality oil (API 53). During this test, which started May 18th and which included periods of production and [...]
QUEBEC CITY, QUEBEC--(Marketwired - Aug 26, 2016) - Pétrolia Inc. (TSX VENTURE:PEA) announces changes to its management team following Alexandre Gagnon's notice to the Board of Directors that he is resigning as CEO and member of the Board. The Company would first like to acknowledge the enduring legacy of Alexandre Gagnon. During his term, he played an important role in the negotiation and signature of the [...]
QUEBEC CITY, QUEBEC--(Marketwired - Aug 23, 2016) - Anticosti Hydrocarbons LP (TSX VENTURE:PEA)(TSX:CDH)(EPA:MAU) announces that the Anticosti Hydrocarbons LP board has approved the start of the drilling site preparation campaign. Land-clearing work and drilling site preparation, that is site levelling and compacting, are set to begin soon. Drilling sites, of an initial dimension of 200 by 100 metres that can be enlarged [...]
QUEBEC CITY, QUEBEC--(Marketwired - Aug 18, 2016) - Pétrolia Inc. (TSX VENTURE:PEA) is proud to announce the commencement of resource confirmation work on the Bourque property, which consists of the re-entry and completion of Bourque 1, as well as the drilling and completion of an additional well - Bourque HZ No3. The project should start in the next few days. As for the Bourque 1 Project, the lower open hole [...]
QUEBEC CITY, QUEBEC--(Marketwired - Jul 25, 2016) - Pétrolia Inc. (TSX VENTURE:PEA) as well as its subsidiaries, Pétrolia Anticosti (operator for the Anticosti Hydrocarbons limited partnership (AHLP)) and Investissements PEA Inc. (an AHLP partner) wish to comment on the judgment rendered by the Honourable Judge Castonguay in the action filed to force its partners Ressources Québec and Saint-Aubin E& [...]
QUÉBEC CITY, QUÉBEC--(Marketwired - July 15, 2016) - Pétrolia Inc. (TSX VENTURE:PEA) ("Pétrolia" or the "Corporation") is pleased to announce that it has closed a private placement. The Corporation has issued an aggregate of 4,629,686 "flow-through" shares at a price of $0.27 per share for gross proceeds of $1,250,015.22. The proceeds of this private placement will be used by the Corporation to [...]
QUEBEC CITY, QUEBEC--(Marketwired - Jul 15, 2016) - Pétrolia Inc. (TSX VENTURE:PEA) (the "Corporation" or "Pétrolia") is pleased to announce that it has closed the second phase of the financing for the Bourque project by Ressources Québec inc. ("Ressources Québec"), acting as agent for the Government of Québec, for a total amount of $8,500,000. The first phase of financing for the [...]
QUEBEC CITY, QUEBEC--(Marketwired - Jul 14, 2016) - Pétrolia Inc. (TSX VENTURE:PEA) as well as its subsidiaries, Pétrolia Anticosti Inc. (operator for Anticosti Hydrocarbons Limited Partnership (AHLP)) and Investissements PEA Inc. (an AHLP partner), received favourably the decision of Judge Castonguay to suspend hearings until July 21 while asking the parties to do everything in their power to find common [...]
QUEBEC CITY, QUEBEC--(Marketwired - Jul 12, 2016) - Pétrolia Inc. (TSX VENTURE:PEA) announces that its subsidiaries Pétrolia Anticosti (operator for the Anticosti Hydrocarbons limited partnership (AHLP)) and Investissements PEA Inc. (an AHLP partner) had no choice but to file an injunction application to require Ressources Québec (Investissement Québec) and Saint-Aubin E&P (Québec) Inc [...]
QUEBEC CITY, QUEBEC--(Marketwired - Jun 28, 2016) - On June 27, 2016, Pétrolia (TSX VENTURE:PEA) has learned with regret the resignation of Mr. Kjell Pedersen as the independent director of Anticosti Hydrocarbons L.P. (HASEC). Mr. Pedersen had joined the board of HASEC at the beginning of the project in 2014. Over the past two years, the wisdom, the international business perspective and extensive experience of Mr [...]
QUEBEC CITY, QUEBEC--(Marketwired - Jun 16, 2016) - Pétrolia (TSX VENTURE:PEA) is pleased to announce that Ressources Québec Inc. ("Ressources Québec"), acting as agent for the Quebec government, is investing an additional $8.5 million in the Bourque Project. The investment involves a direct participation in the project through the joint venture created after the first investment phase. Today's [...]
QUEBEC CITY, QUEBEC--(Marketwired - Jun 15, 2016) - This document corrects and replaces the press release that was sent on June 15, 2016 at 6:50 PM EDT. Pétrolia (TSX VENTURE:PEA) is proud to see a new step forward in the Anticosti project. Pétrolia Anticosti, a subsidiary of Pétrolia Inc., which was appointed as operator by the partners of Anticosti Hydrocarbons L.P., is pleased to announce that the [...]
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