Petrolia Inc.
TSX VENTURE : PEA

Petrolia Inc.

September 18, 2009 09:37 ET

Start of Petrolia's Haldimand No. 2 Well

QUEBEC CITY, QUEBEC--(Marketwire - Sept. 18, 2009) - Petrolia (TSX VENTURE:PEA) is pleased to announce that the well Petrolia Haldimand No. 2 was spudded at 9:00 am on Friday, September 18. Located about 3.5 km southwest of the town of Gaspe and 1 km from the No. 1 well, the well should reach a minimum depth of 1,170 metres, and Petrolia expects that the drilling operations and subsequent testing will last about 45 days.

The well's first objective is to confirm the lateral extension of the petroleum-producing zones previously encountered in the Petrolia Haldimand No. 1 well, but in a much more structurally favourable position, i.e., about 120 m higher in the formations. Although the continuity of the zones can already be inferred from the results of the 3-D seismic survey carried out on the property in the Fall of 2008, only a well can demonstrate the presence of hydrocarbons. Thanks to more advanced analytical techniques, this well should provide answers to a number of questions raised by the No. 1 well, and then lead to the establishment of a plan for the Project's development and commercial production.

The Petrolia Haldimand No. 2 well will be drilled using Savanna Drilling's No. 635 rig, which will first drill a 311 mm diameter hole to a depth of about 210 m, thereby enabling the installation and cementing of a 244 mm diameter casing from the surface,. Once the blowout preventers have been connected to this first casing, drilling will continue at a diameter of 216 mm to a depth of about 780 m. At this depth, an additional 178-mm diameter casing will be cemented into place. Drilling will then continue at a diameter of 152 mm, down to the final depth.

Throughout the drilling, senior geological staff will continuously examine the drill cuttings so as to accurately identify the zones that are likely to produce hydrocarbons, and will compare them with the producing zones in the first well. When the well is completed, a series of recordings will be made of the properties of the various geological formations, and production tests will be carried out on the most promising zones.

Under an agreement with its partners, Petrolia is now the operator for the Haldimand Project, and is solely responsible for the cost of drilling this well. Once the well is completed, the respective interests of the parties, adjusted for the anticipated drilling costs, will be as follows: Petrolia, 55.1%, Junex, 35.4%, and Gastem, 9.5%.

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 (www.petroliagaz.com), called "Drill Site Progress". This section will be updated on a regular basis and will include descriptions 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 and holds 1,7% of the issued shares of Gastem (TSX VENTURE:GMR) in addition to a cash position of 6.9 million dollars. Over the next five years, Petrolia's objective is to produce 5% of the Quebec oil consumption.

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.

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