Petrolia: Bourque No. 1 Well Begins

(firmenpresse) - RIMOUSKI, QUEBEC -- (Marketwire) -- 07/23/12 -- Petrolia (TSX VENTURE: PEA) announces that, in accordance with its business plan, drilling operations have started on well Bourque No. 1. To date, the well has reached a depth of 170 meter. This well is the first of the three wells which will be drilled in 2012. Located halfway between Murdochville and Grande-Vallee in Gaspesia, it should reach a depth of 3200 meters. This well will allow verification of the presence of oil in a barrier reef type structure, at the level of the West Point Formation. Drilling is carried out by Precision Drilling rig No. 501

As of Wednesday 25 July 2012, a new Internet site, dedicated to the Bourque project, will be online. The evolution of drilling operations will be visible there:

About Petrolia

Petrolia 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 Quebec territory under lease. The leases, the majority of which are located on the Gaspe 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 Quebec. Petrolia has 66 585 750 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.



Contacts:
Isabelle Proulx
VP, Business Development
Quebec City: (418) 657-1966


Andre Proulx
President
(418) 724-0112

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 23.07.2012 - 13:15 Uhr
Sprache: Deutsch
News-ID 167607
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RIMOUSKI, QUEBEC

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Oil & Gas

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