RIMOUSKI, QUÉBEC--(Marketwire - Sept. 25, 2012) - Pétrolia (TSX VENTURE:PEA) is pleased with the position expressed by Ministère des Ressources naturelles et de la Faune (MRNF) with regard to the advantages of producing our own oil resources rather than importing oil. Pétrolia 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.
Pétrolia 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, Pétrolia is providing funding for the work of the Anticosti Chair and for the hydrogeology work conducted by INRS in the Gaspé sector and soon on Anticosti Island. These concrete actions reflect Pétrolia's concern for the environment.
Pétrolia 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 Québec territory under lease. The leases, the majority of which are located on the Gaspé 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 Québec. Pétrolia has 66 585 750 shares issued and outstanding.
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia 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 Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia does not intend and undertakes no obligation to update these forward-looking statements.
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