Petrolia Inc.
TSX VENTURE : PEA

Petrolia Inc.

December 18, 2014 12:42 ET

Petrolia: Clarification Concerning the Bureau d'audiences Publiques sur l'environnement's Report on Shale Gas

QUÉBEC CITY, QUÉBEC--(Marketwired - Dec. 18, 2014) - Pétrolia (TSX VENTURE:PEA) has taken note of the Bureau d'audiences publiques sur l'environnement's report and wishes to remind that the Company does not hold any oil and gas exploration permits in the St. Lawrence Lowlands region. Therefore, the report does not have any impacts on the Company's projects.

For the Haldimand project, in Gaspésie, the Company is currently drilling the horizontal section of the Haldimand 4 well. The drilling of the horizontal section is currently at a depth of 1070 meters, of the planned depth of 2600 meters. It is expected to be completed in the coming weeks and will be tested in early 2015.

For the Anticosti project, as announced on November 3, 2014, the operations will resume in spring 2015 and the stratigraphic survey program will be completed during summer 2015.

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 77,603,196 shares issued and outstanding.

Forward-looking statements

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 does not intend and undertakes no 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