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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery added three cents to $47.35 on the New York Merc, while Brent for October added six cents to $49.71 (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.55 to WTI ($32.80), down from a discount of $14.35. Natural gas for September added one cent to $2.85. The TSX energy index added a fraction to close at 199.12.

Quebec-focused Petrolia Inc. (PEA) lost 1.5 cents to 19.5 cents on 191,400 shares, after the sudden departure of chief executive officer and director Alexandre Gagnon, who is leaving to join aerospace firm Pratt & Whitney. Mr. Gagnon first joined Petrolia in November, 2011, as vice-president of finance, before becoming executive vice-president in September, 2013. He essentially led the charge in the negotiation of the February, 2014, agreement that led to the creation of Anticosti Hydrocarbons LP, a joint venture among Petrolia, Corridor Resources Inc. (CDH: $0.415), Maurel & Prom and the Quebec government. The first two on the list pooled their Anticosti licences and transferred them to the limited partnership, and the second two agreed to finance a multimillion-dollar exploration program. The agreement not only sent Petrolia's stock soaring to a high of $1.15 from just 76 cents on that fine February day, but also spurred a very pleasant couple of months for Mr. Gagnon, who in May, 2014, was put in charge of Petrolia and was awarded the Reseau HEC Montreal Prix Releve d'excellence. He was 35 at the time. (The prize is awarded only to those 35 or younger.) Everything looked set for a three-well drill program to begin in the summer of 2016.

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