September start for Petrolia's aggressive three-well drilling program

RIMOUSKI, Aug. 17 /CNW Telbec/ - Petrolia (PEA-TSXV) has successfuly
completed two seismic surveys and is pleased to announce the scheduled
commencement of its first drill program.
During this summer, $1.2 million has been spent on seismic surveys,
74 Kms on the Gaspe property and 33 Kms on the Gaspesia property. Petrolia's
management is mobilizing a drill rig in anticipation that final interpretation
of the seismic data will confirm preliminary results. Seismic surveys
conducted in prior years have defined clearly structures, some with
stratigraphic roll-over targets at scales that provides the geometry for
potentially large hydrocarbon entrapment volumes on the Gaspesia property.

GASPE PROPERTY DRILL PROGRAM

In the near term, Petrolia's mission is to explore, develop and to
produce hydrocarbons from shallow reservoirs in order to minimize development
costs and to maximize economic returns. As Petrolia's President, Andre Proulx
recently stated : "our initial objective is to produce from multiple locations
at a small scale and to demonstrate the hydrocarbon potential of the Gaspe
Peninsula. It is within this overall vision that our initial three-well
program on the Gaspe property will commence in September. The drilling
platform and related infrastructure for the first well "PEA 1" is already in
place and is ready for the drill rig that is scheduled to arrive in two
weeks."
The planned three-well program represents the first phase of Petrolia's
aggressive exploration of the Gaspe Peninsula. All of the required elements
are in place for the commencement of the drilling program in September.