Market Overview

Petrolia: Spudding Bourque 2


RIMOUSKI, QUEBEC--(Marketwire - Nov. 2, 2012) - Petrolia (TSX VENTURE:PEA) announces that well Bourque 2 was spudded on October 31st, 2012. To date, 303 m have already been drilled. This well should reach a vertical depth of 2850 m. Drilling equipment used is the same as the one used on well Bourque 1.

About Petrolia

Petrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 14,000 km2 (3.5 million acres), which represents about 17% of the Quebec territory under lease. The leases, the majority of which are located on the Gaspe Peninsula and Anticosti Island, are considered to be very promising and represent almost 70% of the territory under lease for which there is land-based oil potential in Quebec. Petrolia has 66 585 750 shares issued and outstanding.

Isabelle Proulx
VP, Business Development
Quebec City: (418) 657-1966

Andre Proulx
(418) 724-0112

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