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Petrolia: Bourque 1 Generates Direct Economic Spinoffs of $2.6 Million in Quebec
Published : November 07, 2012
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RIMOUSKI, QUÉBEC--(Marketwire - Nov. 7, 2012) - Pétrolia (News - Market indicators) is pleased to announce that between mid-July and mid-October, the Bourque 1 drilling operation contributed $2.6 million to the Quebec economy. Of this amount, spinoffs in the Gaspé Peninsula totaled $1.2 million, accounting for nearly 45% of the expenditures in the province.

To construct Bourque 1, Pétrolia drew on the expertise of nearly fifty activity sectors in Quebec and the Gaspé Peninsula. Expenditures in the transportation sector alone totaled nearly $1 million.

Pétrolia would like to thank its Quebec partners for their contribution to this first drilling program, which will be followed by Bourque 2 and Haldimand 4.

Pétrolia is proud to have given priority to local businesses and hopes that the emergence of this new sector will significantly increase the spinoffs generated in Quebec, especially in the Gaspé Peninsula. "Exploration drilling should significantly contribute to the Quebec and Gaspé regional economy by drawing on local expertise whenever possible and by promoting its development to meet the growing needs of this new sector of our economy," says Isabelle Proulx, VP of Business Development.

About Pétrolia

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 14,000 km² (3.5 million acres), which represents about 17% of the Québec territory under lease. The leases, the majority of which are located on the Gaspé Peninsula and Anticosti Island, are considered to be very promising and represent almost 70% of the territory under lease for which there is land-based oil potential in Québec. Pétrolia has 66 645 750 shares issued and outstanding.

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.

Isabelle Proulx
VP, Business Development
Quebec City: (418) 657-1966
info@petroliagaz.com
or
Andre Proulx
President
(418) 724-0112
president@petroliagaz.com
www.petroliagaz.com
Companies Mentionned : Petrolia |
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Petrolia

EXPLORATION STAGE
CODE : PEA.V
ISIN : CA7166851021
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Petrolia is a producing silver and copper company based in Canada.

Petrolia holds various exploration projects in Canada.

Its main exploration properties are HALDIMAND WELL, GASPE MINE and ANTICOSTI MACASTY in Canada.

Petrolia is listed in Canada. Its market capitalisation is CA$ 45.8 millions as of today (US$ 37.2 millions, € 33.9 millions).

Its stock quote reached its highest recent level on August 24, 2012 at CA$ 1.50, and its lowest recent point on December 19, 2014 at CA$ 0.23.

Petrolia has 77 620 000 shares outstanding.

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Financings of Petrolia
9/26/2013Closes a Private Placement of $1,404,150
7/10/2013Completes Bought Deal Private Placement
5/21/2013Cancels its Engagement Letter Relating to a Private Placemen...
3/22/2011Closure of Private Subscription
11/23/2009P=E9trolia announces a non-brokered private placement for$5=...
1/15/2008Closing of a private placement of $3,000,000 with Pilatus En...
Option Grants of Petrolia
12/10/2010920,000 stock options granted to employees
7/7/2008Allocation of stock options
Project news of Petrolia
1/6/2015Haldimand 4: drilling is completed
11/25/2014Pétrolia begins drilling in Gaspé
7/19/2011Acquires a Storage Site in Gaspe for Haldimand Oilfield Prod...
2/9/2011(Anticosti Macasty)and Corridor Announce Encouraging Anticosti Macasty Core
9/27/2010licences are not subject to the exploration moratorium in th...
12/16/2009(Gaspe Mine)A second petroleum discovery for Petrolia in the Gasp=E9 reg...
12/3/2008(Gaspe Mine)readies a new drilling campaign
3/7/2006Starts pumping tests on Haldimand #1
Corporate news of Petrolia
4/27/2015Work Resumes at Haldimand 4 Site
4/27/2015Petrolia: Work Resumes at Haldimand 4 Site
4/2/2015Allocation of Stock Options
4/2/2015Petrolia: Allocation of Stock Options
3/27/2015Québec Budget 2015-1016
3/27/2015Petrolia Inc.: Quebec Budget 2015-1016
3/16/2015Pétrolia closes a private placement in the amount of $2,182,...
3/16/2015Petrolia Closes a Private Placement in the Amount of $2,182,...
3/9/2015Pétrolia announces the appointment of a new director and cer...
3/9/2015Petrolia Announces the Appointment of a New Director and Cer...
2/27/2015Pétrolia announces a proposed private placement
2/26/2015Petrolia Announces a Proposed Private Placement
2/18/2015Haldimand 4 : The presence of oil is confirmed
2/18/2015Petrolia/Haldimand 4 : The Presence of Oil is Confirmed
1/6/2015Petrolia Inc./Haldimand 4: Drilling is Completed
12/18/2014Clarification concerning the Bureau d’audiences publiques su...
12/18/2014Petrolia: Clarification Concerning the Bureau d'audiences Pu...
11/27/2014Allocation of Stock Options
11/27/2014Petrolia: Allocation of Stock Options
11/25/2014Petrolia Begins Drilling in Gaspe
11/19/2014TUGLIQ Energy and Petrolia Join Force for North Shore Econom...
11/3/2014Pétrolia provides a corporate upda
11/3/2014Petrolia Provides a Corporate Update
10/23/2014Strategic Agreement Signed Between Anticosti Hydrocarbons an...
9/4/2014Petrolia Closes a $2.5 Million Private Placement
9/3/2014Petrolia Inc.: Marie-Claude Costisella Appointed Head of Com...
7/23/2014Petrolia Inc./Adoption of Water Regulation: Haldimand 4 Well...
7/15/2014President and CEO of Petrolia to Embark on Regional Tour
6/30/2014Settlement of the Proceedings by the Centre quebecois du dro...
9/17/2013Implements its Succession Plan
9/5/2013Disclosure of the Agreement Petrolia-Hydro-Quebec
8/23/2013Allocation of Stock Options
7/30/2013/Anticosti: the Community Supports Oil and Gas Exploration
6/19/2013Announces $1.0 Million Bought Private Placement
5/1/2013Agreement in Principle on the Release of the Terms of the Ag...
4/24/2013Files a Superior Court Motion Against the Town of Gaspe
3/5/2013Various Administrative Changes
2/22/2013Amendement to the Press Release Dated December 28, 2012
1/30/2013Inc: Important Quantities of Hydrocarbons Trapped in a Reser...
1/24/2013Pursuit of Haldimand 4 Drilling is Temporarily Deferred
1/14/2013Announces Positive Results of Two Anticosti Coreholes
1/14/2013Announces Positive Results of Two Anticosti Coreholes
12/28/2012Closes a First Tranche of its Private Placements of Up to $ ...
12/19/2012The Bourque 2 Well Reveals Two Reservoir Zones and the Prese...
12/10/2012Announces $3 Million Financing
12/10/2012Announces $3 Million Financing
12/10/2012Announces $3 Million Financing
12/10/2012Announces $3 Million Financing
12/10/2012Announces $3 Million Financing
12/10/2012Announces $3 Million Financing
11/7/2012Bourque 1 Generates Direct Economic Spinoffs of $2.6 Million...
10/31/2012Hydrocarbons Over a 1,850 m Interval in Bourque No. 1 Well
9/24/2012Status of Exploration Activities Underway in the Gaspe Penin...
9/22/2011No substential change
6/29/2011First Resource Assessment of Macasty Shale, Anticosti Island...
5/20/2011Allocation of Stock Options
3/2/2011Various Administrative Changes
2/17/2011Unaware of any Material Change
1/26/2011Files a Lawsuit Against Le Soleil and Ugo Lapointe
5/20/2010To drill four oil exploration wells on Anticosti Island
10/28/2009progresses and drills the Tar Point No. 1 well
9/18/2009Start of P=E9trolia's Haldimand No. 2 Well
9/3/2009P=E9trolia commits itself for two wells
7/31/2009regains control over the Haldimand Project operations
4/28/2009aims big with the Haldimand Corridor Project
3/30/2009New members for Petrolia's board of directors
2/26/2009Information to be available through Standard & Poor's Market...
9/23/2008currently planning its drilling campaign for Anticosti
8/5/2008Signs a $20 Million Farmout Agreement
7/9/2008Junex and Gastem Announce the Start of Operations at Haldima...
5/20/2008ANNOUNCES $10,000,000 Financing
1/31/2008Pilatus becomes the first shareholder of Pétrolia
1/29/2008Purchases Hydro-Quebec's Petroleum Interests on Anticosti
12/10/2007 Reassessment of the petroleum potential of the Central Gasp...
10/31/2007Closes $1,750,000 investment
10/11/2007First closing of $3 Million at $1.00 per share with European...
9/19/2007Pétrolia a bon espoir de régler deux dossiers problématiques
6/22/2007Attribution d'options d'achat d'actions
3/29/2006Haldimand #1 well produces 156 barells of oil in preliminary...
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