ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

PEA Pieridae Energy Limited

0.30
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pieridae Energy Limited TSXV:PEA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.30 0.32 0 01:00:00

Petrolia Inc./Adoption of Water Regulation: Haldimand 4 Well to Proceed

23/07/2014 8:39pm

Marketwired Canada


Petrolia (TSX VENTURE:PEA) is pleased to announce the adoption of the Regulation
respecting water withdrawals and water protection (RRWWWP) by the Ministere du
Developpement durable, de l'Environnement et de la Lutte contre les changements
climatiques (MDDELCC). 


This regulation stipulates that the minimum distance between a drilling site and
a groundwater well must be 500 meters. The location of the Haldimand 4 well
complies with the safe distances set out in this regulation. Petrolia reiterates
that this is a conventional well without hydraulic fracking. 


Adoption of this regulation invalidates the municipal regulation adopted by the
City of Gaspe and meets a joint request by the City and Petrolia. The RRWWWP and
the hydrogeological study by the Institut national de la recherche scientifique
- Centre Eau Terre Environnement (INRS-ETE) released in May should answer the
questions raised by the region. Work will be carried out in compliance with the
highest safety and environmental standards, with respect for the community.
Before work resumes, within the next three months, activities will be planned to
ensure the public is well informed. 


Mr. Alexandre Gagnon, President and Chief Executive Officer of Petrolia, stated
that "Petrolia is pleased to note that the Government is following its Action
Plan on hydrocarbons announced last May. This plan outlines the steps that will
allow the Province of Quebec and the industry to move towards production of
hydrocarbons." 


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 almost
23% of the Quebec territory under lease. The closing of a partnership on
Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a
limited partnership in which Petrolia holds a 21.7% interest. In order to carry
out the project's operations, Petrolia Anticosti Inc., a subsidiary of Petrolia,
was designated project operator. Petrolia is a Quebec company whose objective is
to develop oil from here, by the people here, for here. Petrolia has 74,667,372
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 or 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alexandre Gagnon
President and Chief Executive Officer
418-657-1966
agagnon@petrolia-inc.com
www.petrolia-inc.com

1 Year Pieridae Energy Chart

1 Year Pieridae Energy Chart

1 Month Pieridae Energy Chart

1 Month Pieridae Energy Chart

Your Recent History

Delayed Upgrade Clock