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QUEBEC CITY, QUEBEC--(Marketwired - Mar 7, 2016) - Pétrolia (TSX VENTURE:PEA) regrets to announce the resignation of Board Member Albert Wildgen. Mr. Wildgen joined the Pétrolia Board of Directors in 2007. Over the last 9 years, the wisdom, international perspective and vast experience of Mr. Wildgen have enriched in a lasting manner the reflections of the Board of Directors.
Mr. Wildgen left the board for personal reasons. Pétrolia would like to thank Mr. Wildgen for his dedication and commitment to the company and wishes him well in his future personal and professional endeavours.
Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4 million acres), which represents almost 23% of the Québec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Pétrolia holds a 21.7% interest. In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project operator. Pétrolia is a Québec company whose objective is to develop oil from here, by the people here, for here. Pétrolia has 80 345 195 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 Pétrolia 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 or statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia disclaims any intention or 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.
President and Chief Executive Officer
Director of Public and Governmental Affairs