SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Khan Zel C

(Last)

(First)

(Middle)

7941 KATY FWY

STE 522

(Street)

HOUSTON

77024

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Petrolia Energy Corp [ BBLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock (Restricted)	12/31/2016		J		14,443,936⁽¹⁾	A	$0.18	26,930,741	I	Jovian Petroleum Corporation
Common Stock (Restricted)	12/31/2016		J		66,395⁽²⁾	A	$0.18	26,997,136	I	Jovian Petroleum Corporation
Common Stock (Restricted)	05/30/2017		J		7,192,026⁽³⁾	A	$0.21	34,189,162	I	Jovian Petroleum Corporation
Common Stock (Restricted)	06/05/2017		A		40,000⁽⁴⁾	A	$0.08	34,229,162	I	Jovian Petroleum Corporation
Common Stock (Restricted)	07/21/2017		J		8,737,891⁽⁵⁾	A	$0.14	42,967,053	I	Jovian Petroleum Corporation
Preferred Stock (Series A)	07/24/2017		A		21,510⁽⁶⁾	A	$10	21,510	I	Jovian Petroleum Corporation

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant	$0.2	09/30/2016		P		40,000⁽⁴⁾		09/30/2016	09/30/2019	Common Stock	40,000	⁽⁴⁾	1,070,000	D
Warrant	$0.14	12/30/2016		P		40,000⁽⁴⁾		03/31/2016	03/31/2019	Common Stock	40,000	⁽⁴⁾	1,110,000	D
Warrants	$0.2	05/23/2017		P		6,000,000⁽⁵⁾		05/23/2017	05/23/2020	Common Stock	6,000,000	⁽⁵⁾	7,110,000	I	Jovian Petroleum Corporation
Warrants	$0.35	05/23/2017		P		4,000,000⁽⁵⁾		02/01/2016	02/01/2019	Common Stock	4,000,000	⁽⁵⁾	11,110,000	I	Jovian Petroleum Corporation

Explanation of Responses:

1. The 14,443,936 common shares were issued is in relation to the Share Exchange agreement were Petrolia acquired a 40% net WI from Jovian in the SUDS Field. Petrolia already owned 10% WI. Mr. Khan is the indirect beneficial owner of Jovian Petroleum Corporation; do to his majority stake in that company.

2. This transaction of 66,395 common shares are post-closing adjustments the final distribution of shares in the acquisition of the 40% WI mentioned in the above note.

3. This transaction is part of a debt/equity swap of which Jovian agreed to convert the outstanding $2 million note into equity in BBLS.

4. Mr. Khan was issued Shares and Warrants as part of the deferred salary compensation he has received.

5. This share and warrant transaction was for the conversion of debt associated to the Notes held against Petrolia, by Jovian, for the production payment debt.

6. Jovian Petroleum Corporation participated in the Series A, Preferred Stock offering was used as part of the settlement of the $2 million Promissory note conversion.

	/s/ Zel C Khan	02/14/2018
	** Signature of Reporting Person	Date
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