Petrolia Inc.

Petrolia Inc.

November 19, 2015 08:30 ET

Petrolia Inc.: Haldimand Completion Program Begins

QUÉBEC CITY, QUÉBEC--(Marketwired - Nov. 19, 2015) - Petrolia (TSX VENTURE:PEA) is pleased to announce that the work aiming to complete the cleaning of the Pétrolia Haldimand well number 4 has begun.

The operation should be completed within a couple of days and could lead to the launch of the long-term production test. This completion program is required as a result of the analysis of the initial production data which revealed that a certain portion of the high density drilling fluids remain in the well. Prior to commencing a long term production test, the Corporation must ensure that the well has first been properly cleaned.

Petrolia also advises that Isabelle Proulx is no longer employed by the Company.

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.


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.

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