July 22, 2010 / 1:58 PM / in 7 years

CORRECTED - CORRECTED-BRIEF-Investcan Energy, Petrolia to develop Haldimand

(Corrects headline to add missing words)

July 22 (Reuters) - Petrolia Inc (PEA.V): * Investcan Energy joins Petrolia to develop the Haldimand oilfield * Says best estimate of the potentially recoverable resources at Haldimand is 7.7 million barrels of oil * In return for investment of $15 million, $6.5 million will be paid as reimbursement of its incurred costs * Says Investcan energy will be acquiring 50% of Petrolia’s interest in the Haldimand discovery

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