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Quebec governments gets into the oil exploration business

Premier Marois announced the big news yesterday, saying it was time to answer the question: is there oil and gas there we can exploit? It will cost taxpayers as much as 115 million dollars to find out.

Petrolia and Corridor own many of the current permits for exploration of Anticosti, but they've agreed to cut the government in and join the newly-formed consortium. Myron Tétreault is the Chief Executive Officer of Petrolia and the Chairman of the Board.

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