Petrolia seeking injunction against Quebec and private firm over Anticosti
QUEBEC — A Quebec-based oil and gas company is seeking an injunction to force the provincial government and a private firm to invest in exploratory drilling on Anticosti Island.
Petrolia Inc. (TSX-V:PEA) says Ressources Quebec and Saint-Aubin E & P are not keeping their promise to spend money to finance the work.
Petrolia and Corridor Resources yielded their exploration permits for Anticosti Island in 2014 in exchange for the investment. That deal occurred under the previous Parti Quebecois government.
The failure by Ressources Quebec and Saint-Aubin to proceed is jeopardizing the project and could lead to numerous job losses, Petrolia said Tuesday.