Pétrolia, a petroleum and gas exploration company, is now solidly positioned in Quebec’s hydrocarbons industry. Due to its acquisition of exploration rights and partnership agreements, the Company today hold in interest in 21% of all of the exploration permits issued in Quebec.

Pétrolia is presently conducting most of its activities in the Gaspé and Anticosti Island, which is considered the most favourable region on dry land for the discovery of hydrocarbons.

The Company’s growth is closely linked to its ability to prove that Quebec’s subsoil contains hydrocarbons in significant quantities and that their development is financially profitable.

The leader in petroleum exploration in Quebec, Pétrolia is also a company actively involved in regional development. As well, its operations are carried out with the greatest possible respect for the environment.

Pétrolia has become the owner of all of Hydro-Québec's interests in the oil and gas exploration permits located on Anticosti Island.

 

Quebec’s petroleum and gas potential is immense. Pétrolia’s strategy is clear: to go from exploration to production in the short term, thus establishing its leading position.

 

Rimouski, Québec June 17, 2008 - Petrolia Inc. (PEA-TSX) is pleased to announce that it will, during the coming summer (2008), undertake exploration work to verify the natural gas potential of its Dalhousie property, in New-Brunswick.

 

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