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On September 1, the Quebec government, via Ressources Québec, announced its intention to invest $3.8 million in Phase One of Pétrolia’s liquid natural gas exploration program for its Bourque project near Murdochville in Gaspésie.

The funding takes the form of a private equity investment in Pétrolia’s share capital or, if applicable, in the Bourque Project via a joint venture. The Bourque project aims to explore and extract natural gas, liquid natural gas, condensates and light oil.