Cavvy Energy LtdTSX: CVVY

Petrolia deepens the Haldimand No. 1 well to 1,500 metres

· Issued by Cavvy Energy Ltd
RIMOUSKI, Feb. 22 /CNW Telbec/ - Petrolia (PEA: TSX-V) has decided to
continue its drilling operations on the Petrolia-Haldimand No.1 well to a
depth of 1,500 metres, which is 300 metres further than what had been
initially planned. The recurring presence of oil in the well from 952.5 metres
(press release of February 7), and the analysis of geological and geophysical
data has prompted Management to continue its drilling operations to reach a
second area of interest located at approximately 1,450 metres.
Located under a fault, this area possesses significant geophysical
properties. Indeed, a decrease in the seismic speed, similar to that of the
first area of oil showings, is visible under the fault. Continuing drilling
operations to a depth of 1,500 metres will allow Petrolia to analyze the
potential of this second area of interest.
As of yesterday, the drilling operations had reached 1,377 metres and
over 11,000 litres of oil, or 70 barrels, had been collected.
Petrolia owns 90% of this well and Gastem (GMR: TSX-V) owns 10%.

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