Petrolia Updates 4-Well Drilling Campaign at Anticosti

Petrolia confirmed the arrival at Port-Menier (Anticosti) of the equipment required for its four-well drilling campaign, to be carried out on Anticosti Island during the summer of 2010. The first barge reached Port-Menier on Friday, and unloading was completed on the evening of June 20th. Convoying of the equipment from Port-Menier to the Jupiter site began the next day. Drilling of this first well should begin in early July. A second barge is expected shortly, carrying the rest of the equipment needed for the proposed work. This well will be known as Jupiter No. 3.

Two other wells, Shell Jupiter and Corridor/Hydro-Quebec Jupiter, about 150 meters apart, have already been drilled on the Jupiter structure. During the drilling of Shell's well, a number of shows of oil and natural gas were recorded in the Mingan Formation and in the upper portion of the Romaine Formation. MDT (Modular Dynamics Tester) tests performed in this interval indicate that porous zones are under-pressured and probably contain hydrocarbons.

The Corridor/Hydro-Quebec well will be re-entered down to the bottom of the cased section located at a depth of 1,328 meters, and thereafter deviated to the north (towards the Shell well) so as to obliquely intersect some of the porous zones which produced hydrocarbon showings during the drilling of that well.

The horizontal drilling technique will be employed, in order to maximize the length of the zones intersected and increase the potential for production. The horizontal portion of the well will be about 600 meters in length. The well will be drilled using a mud emulsified with nitrogen. Use of this lightened mud is intended to prevent the reservoirs from being invaded by mud and thereby ensure that the hydrocarbons contained in the reservoirs can flow into the well during testing.

Once this first well is completed the equipment will be moved to the next drilling location of the three other planned wells. The work will be carried out jointly by Petrolia and Corridor Resources. Persons interested in following the work as it proceeds can do so by visiting the Petrolia website, which will carry regular photos, videos and other information concerning the progress of these operations. All of the work should be completed by the end of September 2010.