Petrolia Inc.
TSX VENTURE : PEA

Petrolia Inc.

October 06, 2015 08:30 ET

Petrolia Inc. Obtains Necessary Permit for Haldimand 4

QUÉBEC CITY, QUEBEC--(Marketwired - Oct. 6, 2015) - Pétrolia Inc. (TSX VENTURE:PEA) (the "Corporation" or "Pétrolia") is pleased to announce that it has obtained a completion permit which will allow it to carry out the cleaning of the well at Haldimand 4 and to start the long term production test. In anticipation of this work, the pump installed last spring has already been removed in order to prepare the well for the cleaning operations.

This completion program is required as a result of the analysis of the 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.

The cleaning operation will be carried out by inserting coil tubing right to the bottom of the 2000 metre horizontal drain to inject nitrogen which, by lightening the column, will force the remaining fluids down the horizontal drain and out of the well. In this way, the full length of the well is expected to be fully self-cleaned. Subsequent to this nitrogen cleaning, Pétrolia will evaluate if additional steps are required before commencing the long term production test.

Pétrolia's technical team is currently preparing the implementation of the completion program (cleaning of the well) which, should allow it to begin the long term production test.

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 80,345,195 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.

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