Petrolia Inc.

Petrolia Inc.

October 28, 2009 12:10 ET

Petrolia Progresses and Drills the Tar Point No. 1 Well

QUEBEC CITY, QUEBEC--(Marketwire - Oct. 28, 2009) - Petrolia (TSX VENTURE:PEA) is pleased to announce that on Friday October 23 it spudded of the Petrolia Tar Point No 1 well. This well is the second in a series of six that the Company expects to complete in the Gaspe region over the next twelve months, in order to reach its objective of becoming Quebec's first petroleum producer. Only a portion of the costs for the six wells should be paid directly by the Company. Petrolia holds a 100 % interest in this property and is acting as the operator for the work. The knowledge acquired with the previous well should enable Petrolia to optimize its chances of a second successful discovery, and especially to substantially increase the production capacity of this new well.

The Petrolia Tar Point well is located 16 km from the town of Gaspe, Quebec, and 11 km south east of the Haldimand property. The Petrolia Tar Point well will have a depth of about 1,500 meters. Surface casing has been set at 213 meters; on October 28, it had reached a depth of 465 meters.

The geological structure at Tar Point is similar of Haldimand, which gave Quebec its first petroleum discovery. The well's target is the naturally fractured sandstone of the York River Formation, similar to those encountered in the Haldimand No.2 well (Press Release of October 28, 2009)

Having proven the existence of open fractures in the Haldimand No. 2 well, Petrolia decided to change its initial drilling program for Petrolia Tar Point so as to increase the potential capacity of its new well. Consequently, below a depth of 400 meters the well has been deviated to the northwest and drilled at an angle of between 20 and 30 degrees to intersect a greater number of fractures. To do so, the well will be drilled with down-hole motor and directional sensors, in order to have achieved proper over the well's direction and inclination.

"If the Petrolia Tar Point well encounters the same geological conditions as Haldimand, this deviation could increase the well's capacity. Initial results from the drilling should be available within 40 days, the projected duration of the drilling" says Andre Proulx, Petrolia's President.

Keeping track of drilling operations

In order to allow investors to keep track of drilling operations, to learn more about equipment and techniques and to better understand the process, Petrolia has created an informative section in its web site ( called "Drill site progress". This section will be updated on a regular and will include description of each step of the drilling process.

About Petrolia

Petrolia is a junior oil and gas exploration company which owns interests in oil and gas licences covering 15 000 km2 (3.7 million acres), which represents about 18% of the Quebec territory under lease. These leases, the majority of which are located on the Gaspe Peninsula and Anticosti Island, are considered to be very promising and represent almost 70% of Quebec's land-based oil potential. Petrolia foresees its 2009 drilling projects as a major exploration milestone. The Company has 41 M shares outstanding.

This press release was prepared by Bernard Granger, Petrolia's Chief Geologist

Neither 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