Petrolia
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| information. Please dive in and help it grow! | information. Please dive in and help it grow! | ||
| - | '''Petrolia Inc.''' (TSX VENTURE: PEA), is a Canadian junior with a leasehold presence in the [[Saint Lawrence Lowlands|St. Lawrence Lowlands]] [[Utica shale]] play. | + | Rimouski, Québec-based '''Petrolia Inc.''' (TSX VENTURE: PEA), is a Canadian junior with a leasehold presence in the [[Saint Lawrence Lowlands|St. Lawrence Lowlands]] [[Utica shale]] play. |
| It owns interests in oil and gas licenses primarily on the Gaspe Peninsula and Anticosti Island amounting to 3.7 million acres or roughly 18% of the Province of Quebec which is under lease. | It owns interests in oil and gas licenses primarily on the Gaspe Peninsula and Anticosti Island amounting to 3.7 million acres or roughly 18% of the Province of Quebec which is under lease. | ||
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| Petrolia's partners in the endeavor are [[Junex Inc|Junex Inc.]] and [[Gastem|Gastem Inc.]] Most of the activity of the venture has been focused on the [[Haldimand petroleum project]] where the ''Haldimand No. 1'' discovery well was drilled at an earlier date. This area has been evaluated and interpreted using 3D [[Seismic testing|seismic]] data acquired in October, 2008. The study area is a 13 square kilometer grid centered upon the Haldiman No. 1 well. | Petrolia's partners in the endeavor are [[Junex Inc|Junex Inc.]] and [[Gastem|Gastem Inc.]] Most of the activity of the venture has been focused on the [[Haldimand petroleum project]] where the ''Haldimand No. 1'' discovery well was drilled at an earlier date. This area has been evaluated and interpreted using 3D [[Seismic testing|seismic]] data acquired in October, 2008. The study area is a 13 square kilometer grid centered upon the Haldiman No. 1 well. | ||
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| + | In May, 2010, Petrolia announced a joint venture (JV) with [[Corridor Resources Inc]] to drill four exploratory well beginning in June on Anticosti Island. The JV partners planned to explore the [[Trenton-Black River]] horizon. These were to follow up on oil shows found in previously drilled wells on the Jupiter and Chaloupe prospects in central and southeastern parts of the Island. The operations on these wells were to be shared between the two companies. The wells were to be directionally drilled using ''underbalanced light weight drilling fluid'' in order to permit oil to be recovered during flow testing at restricted rates. Drilling and testing were to be complete by September, 2010. Petrolia owns a 25% working interest in the Jupiter and Saumon exploration wells and the balance by Corridor. The Chaloupe well was to be shared on a 50-50 basis, and a fourth well was to be similarly shared at either Bell or Macaire (to be decided later). | ||
Revision as of 04:18, 21 May 2010
Here is where some info about Petrolia Inc. should go. This article is still a stub and needs your attention. It does not have a template and contains minimal information. Please dive in and help it grow!
Rimouski, Québec-based Petrolia Inc. (TSX VENTURE: PEA), is a Canadian junior with a leasehold presence in the St. Lawrence Lowlands Utica shale play.
It owns interests in oil and gas licenses primarily on the Gaspe Peninsula and Anticosti Island amounting to 3.7 million acres or roughly 18% of the Province of Quebec which is under lease.
Petrolia's partners in the endeavor are Junex Inc. and Gastem Inc. Most of the activity of the venture has been focused on the Haldimand petroleum project where the Haldimand No. 1 discovery well was drilled at an earlier date. This area has been evaluated and interpreted using 3D seismic data acquired in October, 2008. The study area is a 13 square kilometer grid centered upon the Haldiman No. 1 well.
In May, 2010, Petrolia announced a joint venture (JV) with Corridor Resources Inc to drill four exploratory well beginning in June on Anticosti Island. The JV partners planned to explore the Trenton-Black River horizon. These were to follow up on oil shows found in previously drilled wells on the Jupiter and Chaloupe prospects in central and southeastern parts of the Island. The operations on these wells were to be shared between the two companies. The wells were to be directionally drilled using underbalanced light weight drilling fluid in order to permit oil to be recovered during flow testing at restricted rates. Drilling and testing were to be complete by September, 2010. Petrolia owns a 25% working interest in the Jupiter and Saumon exploration wells and the balance by Corridor. The Chaloupe well was to be shared on a 50-50 basis, and a fourth well was to be similarly shared at either Bell or Macaire (to be decided later).
