Monday, September 22nd15.7°C
23284
22501

Petrolia boss says he'll honour deal with Quebec to drill for oil on Anticosti

MONTREAL - Premier-designate Philippe Couillard may not be keen on the idea but Petrolia is ready to proceed with the former Parti Quebecois government's deal to explore Anticosti Island.

Petrolia (TSX:PEA) president Myron Tetreault said during a speech to a Montreal business group today the oil company would respect agreements recently signed with Pauline Marois's government.

Couillard had said during the election campaign he would like to see exploratory drilling suspended until a strategic environmental study could be carried out.

Tetreault said after his speech he is confident he will be able to fully demonstrate the value of the deal.

He pointed out that the drilling is only to get samples for analysis to determine the site's potential, which the Marois government estimated at 46 billion barrels.

Even if Couillard has said he will respect the deal signed by the outgoing government, he has questioned the wisdom of the state investing $115 million to get a stake in the petroleum exploration companies.

Tetreault would not say if he was worried Quebec might scale back its involvement in the project.

The Canadian Press


Read more Business News

22625


Recent Trending




Today's Market
S&P TSX15133.40-131.949
S&P CDNX936.42-18.64
DJIA17203.93-75.81
Nasdaq4520.419-59.369
S&P 5001994.10-16.30
CDN Dollar0.9078-0.0046
Gold1218.90+2.30
Oil91.47-0.94
Lumber326.70-2.30
Natural Gas3.885-0.018

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32-0.05
Cantex0.05-0.01
Anavex Life Sciences0.22-0.003
Metalex Ventures0.05-0.01
Russel Metals35.615-0.135
Copper Mountain Mining2.40-0.26
Colorado Resources0.175+0.01
ReliaBrand Inc0.0163-0.0086
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.275-0.015

 



23392

FEATURED Property
191160114 - 4400 Gallaghers Dr. E
3 bedrooms 3 baths
$474,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Is this a fair offer from ICBC?

“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...

_





23499


Member of BC Press Council


22814