RE:RE:take a postion today...In case you mist it. This will benefit ATI MONTREAL - The Quebec government is going ahead with plans to exploit the oil resources of Anticosti Island, estimated at 46 million barrels. Premier Pauline Marois announced deals with the firms Petrolia, Corridor Resources, Junex, and Maurel & Prom to carry out two exploration programs in two phases. The government will invest a total of $115 million in the projects. The news comes as speculation swirls around a possible provincial election in which opposition parties have said they will target the lacklustre economic record of Marois' minority government. The accord with Petrolia (TSX:V.PEA, Stock Forum), Corridor Resources Inc. (TSX:T.CDH, Stock Forum), and Maurel & Prom (GREY:MRELF, Stock Forum) will see them invest $100 million. Quebec will kick in $56 million via Ressources Quebec, which will provide an additional $13.3 million to Corridor Resources for additional participation. Under that deal, Ressources Quebec will have a 35 per cent share in the joint venture to carry out the exploration. The agreement with Junex (TSX:V.JNX, Stock Forum) will see it, Ressources Quebec and a so far undetermined participant in a $90-million joint venture. The provincial government estimates there will be $45 million in economic benefits during the next 30 years if the project is a success. The first phase of exploration and exploitation under the agreements will begin this year and next year. Read more at https://www.stockhouse.com/news/natural-resources/2014/02/14/quebec-plans-investment-$115m-local-oil-resources#pHcB4e1C076pJDqb.99