RIMOUSKI, QUEBEC — (Marketwire) — 09/25/12 — Petrolia (TSX VENTURE: PEA) is pleased with the position expressed by Ministere des Ressources naturelles et de la Faune (MRNF) with regard to the advantages of producing our own oil resources rather than importing oil. Petrolia shares MNRF–s commitment to ensuring that oil is produced responsibly, with respect for communities and the environment. In this regard, we intend to promote collaboration and transparency with government authorities, as we have always done.
Petrolia has always been committed to respecting the environment and communities wherever it operates, and we intend to continue our public awareness and environmental efforts. As such, Petrolia is providing funding for the work of the Anticosti Chair and for the hydrogeology work conducted by INRS in the Gaspe sector and soon on Anticosti Island. These concrete actions reflect Petrolia–s concern for the environment.
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.
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