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Petrolympic Welcomes the Québec Superior Court's Decision to Suspend Provisions of Bill 21

Petrolympic Welcomes the Québec Superior Court's Decision to Suspend Provisions of Bill 21

Petrolympic欢迎魁北克高等法院暂停第21号法案条款的决定
GlobeNewswire ·  01/29 20:40

TORONTO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Petrolympic Ltd. (TSX.V: PCQ) (OTC: PCQRF) (the "Company") is pleased to report on the decision made by the Québec Superior Court (Civil Division) to stay some provisions of Bill 21, the Act ending exploration for petroleum and underground reservoirs and production of petroleum and brine (the "Act"), for the duration of the judicial proceedings.

多伦多,2024年1月29日(GLOBE NEWSWIRE)——Petrolympic Ltd.(TSX.V:PCQ)(场外交易代码:PCQRF)(以下简称 “公司”)欣然报告魁北克高等法院(民事庭)决定暂停执行第21号法案的某些条款 终止石油和地下储层勘探以及石油和盐水生产的法案 (“法案”), 适用于司法诉讼期间.

In its ruling, the Court concluded to the legitimacy of Petrolympic's claim that some provisions of the Act represent a serious legal matter which, if not stayed immediately, would cause serious or irreparable harm to the Company.

法院在裁决中得出结论,Petrolympic的主张是合法的,即该法的某些条款构成了严重的法律问题,如果不立即搁置,将对公司造成严重或无法弥补的损害。

The Court also ordered provisional execution despite appeal of this ruling, meaning that the judgement will be enforced even if the Attorney General files an appeal. This exceptional measure aims at preserving the Company's rights while it continues to work toward a fair solution to the situation.

尽管对该裁决提出了上诉,但法院还下令临时执行,这意味着即使总检察长提起上诉,该判决也将得到执行。这项特殊措施旨在维护公司的权利,同时继续努力为局势找到公平的解决方案。

Mendel Ekstein, President, and Chief Executive Officer of Petrolympic, commented: "We welcome this ruling as a crystal-clear message that the law must be fair. Petrolympic is not fighting Québec here, it is merely standing for its rights against an Act that we consider unfair and that unnecessarily harms the Company's interests. We are also looking forward beyond the judicial proceedings, as we mean to continue contributing to the development of Québec's energy resources."

Petrolympic总裁兼首席执行官孟德尔·埃克斯坦评论说:“我们欢迎这项裁决,它发出了明确的信息,即法律必须公平。Petrolympic不是在这里与魁北克作战,它只是在捍卫自己的权利,反对一项我们认为不公平且不必要地损害公司利益的法案。我们还期待司法程序之外的发展,因为我们的意思是继续为魁北克能源的开发做出贡献。”

Apart from its mining assets, Petrolympic holds in Québec an interest in a total of 753,058 hectares (1,860,839 acres) of oil and gas exploration licences in the St. Lawrence Lowlands and in the Gaspe Peninsula/Lower St. Lawrence region.

除矿业资产外,Petrolympic还持有魁北克省圣劳伦斯低地和加斯佩半岛/下圣劳伦斯地区总计753,058公顷(1,860,839英亩)石油和天然气勘探许可证的权益。

In the St. Lawrence Lowlands, the Company's joint venture properties encompass a large part of the prolific Utica shale gas play. A study by the Geological Survey of Canada in 2016 has estimated an original gas in place of 183 Tcf for the whole Utica Shale in the St. Lawrence Lowlands. The Company's holdings in this area consist of a 30% interest in 216,933 hectares (536,051 acres) through a joint venture with Ressources et Énergie Squatex ("Squatex"), a 12% interest in 8,000 hectares (19,768 acres) through the Farmout Agreement with Canbriam Energy Inc. (now Pacific Canbriam Energy Ltd.), and a 100% interest in 55,951 hectares (138,247 acres).

在圣劳伦斯低地,该公司的合资物业涵盖了多产的尤蒂卡页岩气田的很大一部分。加拿大地质调查局在2016年进行的一项研究估计,圣劳伦斯低地整个尤蒂卡页岩的原始天然气取代了183万亿立方英尺。该公司在该地区的持股包括通过与Resources et Energie Squatex(“Squatex”)的合资企业持有的216,933公顷(536,051英亩)的30%权益,通过与Canbriam能源公司(现为太平洋堪布里亚姆能源有限公司)签订的分包协议持有的8,000公顷(19,768英亩)的12%权益,以及55,951公顷(13,768英亩)的100%权益(13,768英亩)8,247 英亩)。

In the Gaspe Peninsula/Lower St. Lawrence region, the Company also holds several high-profile assets including the Massé Structure, that is held in joint venture with Squatex. The resource assessment for this structure indicates a potential of 53.6 BCF of gas and 52.2 million barrels of oil over a probable average area of 5.2 km2, for an oil equivalent total of 61.1 million barrels (MMBOE). These results have been announced in a press release dated May 17, 2016 (the full version of which can be found on under Petrolympic's profile). The Company's holdings in this region consist of a 30% interest in 431,160 hectares (1,065,415 acres) through a joint venture with Squatex and a 100% interest in a block of exploration licenses referred to as the Mitis and the Matapedia properties and totaling 41,014 hectares (101,347 acres).

在加斯佩半岛/下圣劳伦斯地区,该公司还持有几项备受瞩目的资产,包括与Squatex合资持有的梅西结构。该结构的资源评估表明,在可能的平均面积为5.2千米的范围内,天然气和5,220万桶石油的潜力为536亿立方英尺2,石油当量总量为6,110万桶(MMBOE)。这些结果已在2016年5月17日的新闻稿中公布(完整版本可在Petrolympic的个人资料下找到)。该公司在该地区的持股包括通过与Squatex合资经营的431,160公顷(1,065,415英亩)的30%权益,以及一块名为Mitis和Matapedia地产的勘探许可证区块的100%权益,总面积为41,014公顷(101,347英亩)。

About Petrolympic

关于Petrolympic

Petrolympic is a Junior Canadian gold and lithium mining company in North America. The Company is presently focused on its lithium exploration assets in the James Bay region, Basserode and Fournière in Abitibi region as well as its gold exploration assets at Vauquelin and Rayon d'Or in the Val d'Or region, all in the Province of Quebec, Canada.

Petrolympic是一家位于北美的加拿大初级黄金和锂矿开采公司。该公司目前专注于其在詹姆斯湾地区、阿比蒂比地区的巴瑟罗德和富尼耶尔的锂勘探资产,以及其在瓦尔德奥地区的沃克林和雷昂德奥的黄金勘探资产,全部位于加拿大魁北克省。

For further information please contact:

欲了解更多信息,请联系:

Mendel Ekstein – President & CEO

孟德尔·埃克斯坦 — 总裁兼首席执行官

82 Richmond St East
Toronto, ON M5C 1P1
Tel. 845-656-0184 Fax 845-231-6665
exis@petrolympic.com

东里士满街 82 号
安大略省多伦多 M5C 1P1
电话 845-656-0184 传真 845-231-6665
exis@petrolympic.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

多伦多证券交易所风险交易所及其监管服务提供商均未审查本新闻稿的充分性或准确性或承担责任。

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

关于前瞻性信息的警示性声明

Certain information contained or incorporated by reference in this press release, including any information regarding the proposed acquisition, constitutes "forward-looking statements". All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: economic and global market impacts of the COVID-19 pandemic, fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.

本新闻稿中包含或以引用方式纳入的某些信息,包括有关拟议收购的任何信息,构成 “前瞻性陈述”。除历史事实陈述外,所有陈述均应视为前瞻性陈述。前瞻性陈述必然基于许多估计和假设,尽管公司认为这些估计和假设是合理的,但本质上会受到重大的业务、经济、地质和竞争不确定性和突发事件的影响。尽管公司认为此类前瞻性陈述中表达的预期是基于合理的假设,但此类陈述并不能保证未来的业绩。已知和未知因素可能导致实际业绩与前瞻性陈述中的预测存在重大差异。这些因素包括但不限于:COVID-19 疫情对经济和全球市场的影响、市场价格的波动、勘探和开采的成功、资本和融资的持续可用性、国家和地方政府立法的变化、税收、管制、监管、财产的征用或国有化以及总体政治、经济、市场或商业状况。这些不确定性和突发事件中有许多会影响我们的实际业绩,并可能导致实际业绩与我们或代表我们所作的任何前瞻性陈述中表达或暗示的结果存在重大差异。提醒读者,前瞻性陈述并不能保证未来的表现,因此,建议读者依赖自己对此类不确定性的评估。本新闻稿中发表的所有前瞻性陈述或以引用方式纳入的所有前瞻性陈述均受这些警示性陈述的限制。我们不承担任何更新任何前瞻性陈述的义务。


译文内容由第三方软件翻译。


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