2013-02-26 16:15:30 -
QUEBEC CITY, QUEBEC -- (Marketwire) -- 02/26/13 -- Petrolia (TSX VENTURE:PEA) discloses a toxicological evaluation of the products to be used in the drilling fluids of the Haldimand 4 well. This report has been prepared by a toxicologist from the Environmental health and health at work Department of the Montreal University. None of the products used will present toxicity issues.
At surface casing level, which reaches 210 m, drilling will call upon a fluid which will consist of four products, one of which is water. The toxicity of each of these components ranges from non-existent for water to negligible(1) for the other three products. This part of the well will cross the aquifer, the depth of which does not exceed 50 m in the area.
At intermediate casing level, reaching a depth of 646 m, the drilling fluid will consist of water and a maximum of six products. The toxicity of these products ranges from non-existent (water) to negligible for five products and weak for one product.
Depending on depth, the aquifer is isolated from the well by two to three cemented casings. These casings are placed before drilling proceeds in the oil reservoir.
Last, at oil reservoir level, drilling will use a fluid based on a distilled oil product (mineral oil), toxicity of which is rated as average. Nine products will be added to this base, one of which is water. The remaining eight products have a toxicity ranging from negligible (five products) to weak (three products).
According to Petrolia's President, Mr Andre Proulx, "this report demonstrates that the fears conveyed by certain persons are simply unfounded. To us, environmental protection is essential, be it during the preparation of the works, their execution or in the choice of products used. At Petrolia, we care about precaution, and this report will provide proof of it".
The toxicology report is available on Petrolia's Internet site at petroliagaz.com, as well as on the site haldimand.petroliagaz.com
(1) Definition as per Larousse dictionary: "which may be neglected, which does not deserve to be taken into account"
Petrolia 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 Quebec territory under lease. The leases, the majority of which are located on the Gaspe 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 Quebec. Petrolia has 68 002 800 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 Petrolia 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 Petrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Petrolia does not intend and undertakes no obligation to update these forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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