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| 2008-10-07 • Pétrolia, Junex and Gastem Complete a 3D Seismic Survey on the Haldimand Project 2008-09-23 • Petrolia currently planning its drilling campaign for Anticosti 2008-08-05 • Petrolia Signs a $20 Million Farmout Agreement 2008-07-08 • Pétrolia, Junex and Gastem Announce the Start of Operations at Haldimand 2008-07-07 • Allocation of stock options 2008-06-17 • Petrolia undertakes an exploration campaign for natural gas in New-Brunswick 2008-06-06 • Pétrolia closes its $10,000,000 financing 2008-05-20 • Pétrolia annouces $10,000,000 financing 2008-05-07 • The Haldimand project resumes 2008-03-05 • Appointment of two new members to the Pétrolia board of directors 2008-02-13 • Allocation of stock options 2008-01-31 • Pilatus becomes the first shareholder of Pétrolia 2008-01-29 • Pétrolia purchases Hydro-Quebec's Petroleum Interests on Anticosti 2008-01-28 • Pétrolia files its oil and gas activity disclosure report 2008-01-15 • Closing of a private placement of $3,000,000 with Pilatus Energy 2007-11-27 • Reassessment of the petroleum potential of the Central Gaspé region 2007-10-31 • Pétrolia closes $1,750,000 investment 2007-10-10 • First closing of $3 Million at $1.00 per share with European energy company 2007-06-21 • Attribution d’options d’achat d’actions 2007-03-19 • Pétrolia Board of Directors Gains Expertise 2006-12-18 • New exploration work and update on current financing for Petrolia 2006-10-25 • Warrants falling due 2006-10-24 • Petrolia recrutes a senior oil &gas geologist 2006-10-10 • $10 million private investment at $1.00 per share 2006-06-27 • The partners of Petrolia-Haldimand #1 (Gaspé, Québec) announces the results of the pressure build-up test 2006-06-08 • $556,000 Placement Completed 2006-05-10 • Successful production test on Haldimand # 1 discovery well ? 40 barrels of oil equivalent (BOE) per day of wich 34 barrels is light oil 2006-05-09 • Pétrolia expands its team 2006-03-29 • Haldimand # 1 well produces 156 barrels of oil in premiliary 70-hour test 2006-03-29 • Haldimand # 1 well produces 156 barrels of oil in premiliary 70-hour test 2006-03-24 • Placement Completed in Accordance with Terms of Notice of Offer of November 22, 2005 2006-03-15 • Second Partner for Pétrolia in Haldimand #1 Well 2006-03-07 • Pétrolia Starts Pumping Tests on Haldimand #1 2006-02-22 • Petrolia deepens the Haldimand No. 1 well to 1,500 metres 2006-02-07 • Haldimand#1 well produces oil while drilling continues 2006-02-03 • Grant of options and shares 2006-01-23 • Oil Accumulation in PEA-3 Well 2006-01-13 • Petrolia raised a $3,223,000 financing 2005-12-13 • Gas show in Pétrolia Haldimand #1 Well (PEA-3) 2005-12-09 • Pétrolia announces $4,000,000 placement for Gaspésie exploration 2005-12-01 • Haldimand Petroleum Drilling (Pea-3) is Underway 2005-11-16 • Pétrolia’s Second Drilling Program is Underway 2005-11-01 • First PEA-1 Results 2005-10-18 • First oil indication in the PEA-1 well 2005-09-15 • Ten shareholders participate in Pétrolia private placement 2005-09-14 • Pétrolia completes $750,000 private placement with institutions 2005-09-08 • Pétrolia announces a 10% participation in the St-Simon gas play 2005-09-06 • Drilling begins in september 2005-06-29 • Significant oil production development in Quebec’s Gaspe Peninsula 2005-04-12 • Junex and Pétrolia join forces to discover and produce oil in Québec and Gaspé peninsula 2005-03-30 • Board of director elections 2005-03-01 • Pétrolia begins new seismic program 2005-02-14 • Pétrolia announces listing on TSX Venture exchange : Symbol PEA 2005-01-12 • $3 Million Public Financing 2004-04-26 • Pétrolia and Gastem Gaspé exploration agreement |
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Successful production test on Haldimand # 1 discovery well ? 40 barrels of oil equivalent (BOE) per day of wich 34 barrels is light oil
May 10 2006–Pétrolia (PEA : TSXV), Junex (JNX : TSXV) and Gastem (GMR : TSXV) are pleased to announce that the Haldimand #1 well reached a stabilized production level of 34 barrels of light oil per day over the last 10 days. A total of 491 barrels of oil were produced from the well during the recent 15-day production test. The Haldimand #1 well is located 2 Kms from the Gaspe harbour, at the tip of the Gaspe Peninsula.
The test performed was a Four Point Isochronal and was carried out in order to determine the stabilized production flow rate of the well. This flow rate was reached during the last ten days of the test when the well stabilized at a daily production of 34 barrels of light oil associated with 1,100 cubic feet of natural gas per barrel of oil (6 boe). The oil is produced from a hydrocarbon-saturated zone located between 950.5 and 1,090 metres depth in Devonian sandstones. No presence of water was detected during the test which was performed using a Pump Jack.
«We are extremely excited by the outstanding Haldimand #1 well results. This test is likely the most significant event in hydrocarbon exploration in the Gaspe Peninsula’s 160 year oil discovery history. What we have to do now, during the next 45 days, is to evaluate the pressure build-up of the well. The project partners are currently planning additional seismic and drilling programs» » commented a spokesperson for the project partners.
Junex and Petrolia each hold a 45% interest in the project and Gastem holds a 10% interest. Junex is the operator of the project.
About Pétrolia
Petrolia is an oil and gas exploration and development company with large property holdings in Quebec’s Gaspe Peninsula. Petrolia holds direct and indirect interest in 70% of the exploration permits issued for the Gaspe Peninsula. Petrolia is the operator for exploration on its own hydrocarbon permits and wants to intensify the exploration for the next year. Petrolia is listed on the TSX Venture Exchange under the symbol PEA-TSXV. The company has working capital of $2.0 million and has 26,788,020 shares issued and outstanding. Petrolia’s objective is to maintain its position as the leading oil and gas explorer in the Gaspe Peninsula. Petrolia own 8% of the shares of Gastem ) GMR: TSXV).
The TSX Venture Exchange has neither approved nor disapproved the information contained herein
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