Petrolia/Anticosti: the Superior Court Dismisses the Motion of Centre quebecois du droit a l'environnement With Costs
Marketwire
Petrolia/Anticosti: the Superior Court Dismisses the Motion of Centre quebecois du droit a l'environnement With Costs
RIMOUSKI, QUÉBEC--(Marketwired - July 19, 2013) - Pétrolia (TSX VENTURE:PEA) applauded the judgment handed down by the Honorable Paul Corriveau of the Superior Court of Quebec, who granted Pétrolia's motion to dismiss. He also dismissed the originating motion for a declaratory judgment presented by Centre québécois du droit à l'environnement (CQDE), all of this with costs.
In his judgment dated July 17, 2013, Judge Corriveau indicated that, contrary to statements by CQDE and in light of the Minister's decision, the work performed on Anticosti Island to date did not require a certificate of authorization under the Environment Quality Act. With regard to future work, the judge noted that CQDE's motion is premature and that he foresees no difficulty that would justify the Court's intervention.
About Pétrolia
Pétrolia 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 Québec territory under lease. The leases, the majority of which are located on the Gaspé 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 Québec. Pétrolia has 69 431 372 shares issued and outstanding and has a working capital of $ 4,000,000.
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