2016 Anticosti Drilling Campaign: Anticosti Hydrocarbons Adopts a New Schedule

Pétrolia announces that, subject to obtaining the required government permits and approvals, the 2016 drilling campaign is expected proceed as planned in June. The Anticosti Hydrocarbons LP Board has also decided to conduct the drilling campaign in summer 2016 while hydraulic fracturing operations and production tests will be conducted in early summer 2017.

This decision, not included in the initial agreements, will increase the duration of the production test period that will take place after hydraulic fracturing operations. The extension of this production test period will also help refine the analysis of well production data.

Finally, the Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques (MDDELCC) is late in its analysis of the Anticosti Hydrocarbons LP application submitted last February to obtain a certificate of environmental authorization enabling it to proceed with hydraulic fracturing operations. According to information obtained from MDDELCC, the application analysis process is following its course.

Source: Petrolia Inc.
Date: May 13, 2016