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by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery lost $1.00 to $59.72 on the New York Merc, while Brent for July lost $1.17 to $65.37 (all figures in this para U.S.). Western Canadian Select traded at a discount of $9.90 to WTI ($49.82), unchanged. Natural gas for June lost 6.2 cents to $2.88. The TSX energy index lost a fraction to close at 225.15.

Petrolia Inc. (PEA) reached an intraday high of 70 cents before closing at 59 cents, up two cents, on 1.15 million shares. Corridor Resources Inc. (CDH) had a quieter day but still closed up two cents to 70 cents on 99,500 shares. Yesterday evening, Anticosti Hydrocarbons LP, which is owned by Petrolia, Corridor, the Quebec government and Maurel & Prom (M&P), released an updated resource report for the group's Anticosti Island shale oil assets in Quebec. It estimated 30.7 billion barrels of oil equivalent of TPIIP (total petroleum initially in place). Although this is lower than the 2011 estimate of 33.9 billion barrels, it is much more certain. The resources in the 2011 report were presumed to exist based on limited mapping and seismic data. Considerably more work was done over the following years to provide better data for the updated report.

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