Press release - Rimouski, February 6, 2012: Pétrolia (TSXV: PEA) is pleased to confirm that it has successfully completed the injectivity test at Haldimand No.1 well. Designed to measure the rock’s mechanical properties, the test has also enabled Pétrolia to boost the well’s production from 10 to 40 barrels per day. The increase confirms that the production from the field is supported by a network of natural fractures present in the reservoir and that, as a result, it is important to optimize the trajectory for the next well. That trajectory will make it possible to intercept the greatest possible number of natural fracture zones in the reservoir and maximize production. The result can also be interpreted as a correction to the damage to the well, resulting from the injectivity test.
Download PDFPress release - July 8, 2008- Quebec City (Quebec)// Pétrolia (TSXV:PEA), Junex (TSXV:JNX) and Gastem (TSXV:GMR) are pleased to announce the resumption of operations at the Haldimand oil discovery. The objective of these operations is to delineate the extent of productive zones identified in the Pétrolia Haldimand No.1 well. Estimated to cost approximately $5 million, these will consist of three distinct phases: performing analyses and tests on the Pétrolia Haldimand No. 1 well, acquisition of 3D seismic data, and, finally, the drilling of a second well targeting the productive zones identified in the previous well. The technical committee, composed of representatives from each company, collaborated in developing this program by pooling the three companies’ independent studies. Junex, as operator, will execute the operations for the Pétrolia-Junex-Gastem partnership.
Download PDFPress release - March 29 2006– Junex (JNX : TSXV), Pétrolia (PEA : TSXV) and Gastem (GMR : TSXV) are pleased to announce that they have successfully completed preliminary zone testing on the Haldimand #1 well.
Download PDFPress release. Rimouski, April 24, 2013: Pétrolia (PEA-TSXV) announced that earlier today it has filed a motion for declaratory judgment with the Quebec Superior Court.
Download PDFPress release. Rimouski, April 10th, 2013: Pétrolia (PEA-TSXV) is pleased to disclose the results of a resource evaluation carried out by Sproule Associates Limited (Sproule) which estimates more than 1 Tcf (one thousand billion cubic feet) the volume initially-in-place of wet natural...
Download PDFPress release. Rimouski, March 5, 2013: Pétrolia (PEA-TSXV) is announcing that pursuant to its compensation policy and stock option plan, as at March 1, 2013, Pétrolia’s board of directors awarded 75,000 stock options to each of its two newly elected directors at an exercise price of...
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