2017.06.22

Update on the Results of Two Horizontal Wells Drilled on the Bourque Property

Québec, June 22, 2017: Pétrolia (PEA-TSXV) announced last December 23rd that the most recent step in the process of confirming the presence of resources on the Bourque property, namely the re-entry and completion of Bourque No. 1 as well as the drilling of an additional well (Bourque HZ No. 3), were completed on time and within the budget. At the time, down-hole recorders were lowered in both wells in order to continue collecting pressure data. 

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Some news about Pétrolia

2017.06.22

Update on the Results of Two Horizontal Wells Drilled on the Bourque Property

Québec, June 22, 2017: Pétrolia (PEA-TSXV) announced last December 23rd that the most recent step in the process of confirming the presence of resources on the Bourque property, namely the re-entry and completion of Bourque No. 1 as well as the drilling of an additional well (Bourque HZ No. 3), were completed on time and within the budget. At the time, down-hole recorders were lowered in both wells in order to continue collecting pressure data. 

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2017.06.15

Pétrolia announces that the partners of Anticosti Hydrocarbons have agreed on certain measures to maintain the status quo on the Anticosti project

Québec, June 15, 2017: Pétrolia Inc. (PEA-TSXV) and its subsidiaries – Pétrolia Anticosti (operator for Anticosti Hydrocarbons L.P. [HASEC]) and Investissements PEA Inc. (a partner of HASEC) – have reached an agreement with their partners – Ressources Québec Inc., Saint-Aubin E & P (Québec) Inc., and Corridor Resources Inc. – relating to safeguard measures for maintaining the status quo with respect to the Anticosti project. This order recognizes the obligation to cover certain financial expenses of the operator and, in particular, orders Ressources Québec to advance sufficient funds on a monthly basis to cover the essential needs of HASEC.

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2017.06.14

Corporate Update

Québec, June 14, 2017: Pétrolia Inc. (PEA-TSXV) (“Pétrolia” or the “Company”) wishes to provide a corporate update concerning the amalgamation transaction currently underway further to the conclusion, on May 15, 2017, of an arrangement agreement with Pieridae Energy Limited (the “Arrangement Agreement”). 

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