QUÉBEC CITY, QUÉBEC--(Marketwired - Jan. 25, 2016) - Pétrolia (TSX VENTURE:PEA) is pleased to announce that it is the third ranked oil and gas company in Canada in the 2016 TSX Venture 50®, a ranking of strong performers that have shown results in key measures of market performance.
"We are pleased that our company has been selected," commented Pétrolia CEO Alexandre Gagnon. "This inclusion reflects the work accomplished on Haldimand 4 in 2015, the progress made on Bourque and the quality of our role as an operator of several projects, in particular on the Anticosti island. We can proudly say that 2015 has been the busiest year of our history. Given the current situation in the global oil and gas market, our company has performed comparatively well."
The 2016 TSX Venture 50 ranking is composed of 10 companies from five industry sectors selected based on three equally weighted criteria: market capitalization growth, share price appreciation, trading volume and analyst coverage.
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 Quebec 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.
(January 25, 2016 - 8:30 AM EST)
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