Petrolia is pleased to provide an update on the progress of its hydrocarbon development work on the permits and interests it holds in Gaspésie and, as an operator and partner of the Anticosti Hydrocarbons consortium, the progress of the work being completed on Anticosti Island.
The production pump installed last April has allowed well cleanup operations to continue. Oil has also been produced without, however, enabling the completion of the cleanup of the longest horizontal section ever drilled in Quebec. As a consequence, a well cleanup program has been prepared and submitted to our partner. Pétrolia intends to apply at the Ministère de l'Énergie et des Ressources naturelles (MERN) for a completion permit to proceed with this cleanup program. This program will require the mobilization of some specific equipment and must be completed before initiating long term production testing. Pétrolia will then be able to validate and assess the commercial potential of the oil resources of the Haldimand 4 reservoir by late fall.