RIMOUSKI, QUEBEC — (Marketwired) — 07/30/13 — Petrolia (TSX VENTURE: PEA) is proud of the community–s support for petroleum exploration on Anticosti Island. The municipality of Ile-d–Anticosti is in favor of an exploration program that will assess hydrocarbons development potential while at the same time measuring the project–s environmental, social, and economic impacts.
The MRC de Mingani and Conference regionale des elus Cote-Nord support the resolution taken on June 3rd by the municipality of Ile-d–Anticosti which contains the following main points :
Whereas the municipality:
Petrolia believes this support is a strong signal to the government and all Quebecers of the need to first acquire the information necessary to assess economic, social, and environmental impacts before making any decision regarding hydrocarbons production.
This is a step toward partnership with the community and responsible development of the oil and gas industry. The community–s openness reflects its interest in a structuring project for the economic development of Anticosti Island, the Cote-Nord region, and the province of Quebec.
About Petrolia
Petrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km2 (4 million acres), which represents about 22% 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 71% of the territory under lease for which there is land-based oil potential in Quebec. Petrolia has 69 431 372 shares issued and outstanding and has a working capital of $ 4,000,000.
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Petrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications o statements made by Petrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Petrolia does not intend and undertakes no obligation to update these forward-looking statements.
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