Petrolia Preps for Production at Haldimand Deposit

Pétrolia will soon begin field work for the preliminary evaluation prior to putting the Haldimand deposit into production. With this goal it obtained the well modification and completion licenses required to carry out the preparatory work for developing the Haldimand No. 1 and Tar Point wells, from the Quebec Ministry of Natural Resources and Wildlife on September 19, 2011. This work will be performed as soon as a service rig is identified.

Pétrolia also noted that it has submitted an application for a drilling license for a new well in the Haldimand territory.

Pétrolia is currently completing geological analyses of the deposit, based on which it will establish the deposit's reserves and prepare the technical and economic viability studies, in order to apply for a production lease.

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