QUEBEC – Petrolia Inc. is seeking an injunction against a Quebec government agency to force it to invest in exploratory oil and gas drilling on Anticosti Island.
READ MORE: Petrolia says Quebec will allow Anticosti drilling to go ahead
The Quebec company said Ressources Quebec as well as a private company are not keeping a promise to spend $100 million to finance the work.
Petrolia (TSX-V:PEA) and Corridor Resources yielded their exploration permits for Anticosti Island in exchange for the investment.
READ MORE: Energy company Petrolia to meet Quebec government about Anticosti Island drilling
Petrolia said the failure by Ressources Quebec and Saint-Aubin E & P to proceed is jeopardizing the oil-and-gas exploration program and could lead to numerous job losses.
The work on three wells is aimed at determining Anticosti’s hydrocarbon potential in terms of quality and volume.
READ MORE: Oil company Petrolia delays one of its Quebec projects amid opposition
Premier Philippe Couillard has distanced himself in recent months from the project, which was authorized by the previous Parti Québécois government.
Comments