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Last C$0.42 CAD
Change Today +0.06 / 16.67%
Volume 271.8K
As of 3:59 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

petrolia inc (PEA) Snapshot

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52 Week High
02/26/15 - C$0.89
52 Week Low
12/17/14 - C$0.22
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petrolia inc (PEA) Details

Pétrolia Inc. engages in the exploration and evaluation of oil and gas properties in Canada. It owns interests in oil and gas licenses covering an area of approximately 16,000 square kilometers located in Quebec. The company is headquartered in Québec City, Canada.

petrolia inc (PEA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$308.6K
Executive Chairman and Chairman of Compensati...
Total Annual Compensation: C$200.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$237.7K
Vice President of Business Development
Total Annual Compensation: C$113.9K
Compensation as of Fiscal Year 2014.

petrolia inc (PEA) Key Developments

Petrolia, Inc., Annual General Meeting, May 28, 2015

Petrolia, Inc., Annual General Meeting, May 28, 2015., at 10:00 US Eastern Standard Time. Location: The Tryp Québec Hôtel PUR (room 1), 395 De la Couronne Street. Agenda: To receive the Company's financial statements and related auditors' report for the financial year ended December 31, 2014; to set the number of Company directors to be elected at seven; to elect Company directors for the ensuing year; to appoint Ernst & Young LLP chartered accountants as the auditors for the financial year ending December 31, 2015, and authorize the directors to establish their compensation; to consider and, if deemed advisable, adopt a resolution to ratify and confirm the Stock Option Plan of the Company; and to transact such other business as may be properly brought before the Meeting or any continuation thereof in the event of an adjournment.

Petrolia, Inc. Auditor Raises 'Going Concern' Doubt

Petrolia, Inc. filed its Annual on Mar 27, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Petrolia Announces Board Changes

Petrolia announced the appointment of a new board member as well as the restructuring of its management team in order to continue the implementation of its business plan. The corporation announced the appointment of Mr. Martin Belanger as a Director of Petrolia. Mr. Belanger is currently Director of Oil Pipelines and Commercial Operations Engineering at TransCanada Pipelines. In addition, as major activities will take place on Haldimand and Anticosti projects in particular, the board of directors has approved certain changes to the team that will plan and implement the next phases of all its projects. To this end: Mr. Mabrouk Ouederni, Eng., P. Geo. has been promoted to Operations Manager and Mr. Jean-Yves Laliberte, Eng., M.Sc., has been appointed Manager of Health, Safety, Environment, and Regulatory Affairs. Petrolia also announced the departure of Mr. Gildas Collin.


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Valuation PEA Industry Range
Price/Earnings 5.1x
Price/Sales 82.9x
Price/Book 0.3x
Price/Cash Flow 5.5x
TEV/Sales 75.2x

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