RIMOUSKI, Que. – Junior oil and gas developer Petrolia (TSXV:PEA) says it has acquired a property in Gaspe, Que. formerly occupied by Xstrata Canada Corp., less than three kilometres away from its Haldimand deposit for an undisclosed price.
The lot is located in the Sandy Beach industrial park and has access to road, rain and port networks.
The company said Tuesday that the acquisition shows its commitment to putting the deposit into production as soon as possible.
It plans to use the site as a space to set up tanks and other industrial equipment used to develop the Halimand deposit.
Petrolia says it carried out an environmental assessment on the site that showed it met regulatory requirements for how the company plans to use it as part of the Haldimand deposit operations.
The majority of the company’s 15,000 kilometres of leases are located in the Gaspe Peninsula and Anticosti Island.
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