Ist das nun ein Neubeginn? PETROSTAR PETROLEUM COR

Petrostar Moves Forward with Farrow Distillation Corp.

(via Thenewswire.ca)

August 6, 2013 - Vancouver, BC - Petrostar Petroleum Corporation (TSX-Venture: PEP; "Petrostar" or "the Company") is pleased to announce that it will proceed with the development of Farrow Distillation Corp., independently, and will hold 100% of its common shares.

The Company is currently working on the permitting and licensing of the facility site to allow the refinery to eventually process up to 10,000bpd, with the initial stage of the plant capacity slated to process 2,500bpd. Additional capacity will be developed over the course of the project's life span.

For additional information on the project please visit www.farrowdistillationcorp.com. Updates on the facilities progress will be added periodically.

"Even with the expiration of the Nepco JV, Petrostar is undeterred in seeing its Farrow development through to production. Petrostar's intention is to use the Farrow, Alberta site as a show case facility to generate investment and shareholder interest in the projects, and present the operations they are (and have) invested in.

We maintain our devotion to corporate accountability to follow up our objectives, while limiting needless spending and overhead costs.

Farrow Distillation will be releasing news and key milestones through its parent company on an ongoing basis to keep stake holders aware of its development.

Regards,

R.M. Loree"  

Petrostar Petroleum Corp (2)
Symbol C : PEP
Shares Issued 44,456,488
Close 2013-11-12 C$ 0.07
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Petrostar Petroleum appoints Olsen to board

2013-11-13 12:14 ET - News Release


Mr. Mackenzie Loree reports

PETROSTAR SELECTS NEW DIRECTOR FOR APPOINTMENT

Petrostar Petroleum Corp.'s board of directors has selected Lynda D. Olsen to be appointed as a new director of the company, subject to her successful approval by the TSX Venture Exchange. Ms. Olsen brings over 25 years of experience as an operations executive principally in the oil and gas industry, including 12 years with BP/Amoco. For the past eight years, she has owned and operated a successful consulting business, Global Business Ventures, which is engaged in a variety of business-related functions for private enterprises relative to cost recovery for major oil and gas company operations both domestically and internationally.

Ms. Olsen's appointment will provide Petrostar with multi-industry consulting experience emphasizing financial, systems and operational expertise. She is expected to bring a proven record and demonstrated strengths to the company in such areas as:


Mobilizing project start-ups, project planning, scheduling, co-ordination and execution;
Organizational and infrastructure development;
Acquisitions and divestitures, strategy building and financial and risk management analysis;
Cost controls and project accounting;
Contract negotiations and operations management, including purchasing and materials;
Market share strategies, sales and marketing management;
Competitive maneuvering;
Client and vendor management.

The company believes that Ms. Olsen's extensive business knowledge will be extremely valuable to Petrostar moving forward.

Ms. Olsen holds a bachelor of science degree from the University of LaVerne in, LaVerne, Calif., and master of business administration and master of management degrees from Braniff Graduate School in Dallas, Tex.

R. Mackenzie Loree, Petrostar's chief executive officer, stated: "The introduction of Lynda's expertise and experience is going to be an invaluable asset to the board of Petrostar. We are very much looking forward to working together on developing the company's future."

We seek Safe Harbor.

© 2013 Canjex Publishing Ltd. All rights reserved

 

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Petrostar Closes
LOMAC Canada Ltd. Acquisition
TSX-V Symbol:  PEP

Petrostar Petroleum Corporation (“Petrostar” or “the Company”) is very pleased to announce that it has closed the acquisition of 100% of all shares in LOMAC Canada Ltd. The acquisition was previously announced as a Letter of Intent on April 30th 2014 and followed by a Definitive Agreement announced on June 4th,2014.

The non arms length acquisition was given shareholder approval at the recent AGM held on June 24th, passing with 99.82% of the votes cast in favour of completing the acquisition.

The acquisition will provide Petrostar with a multi-year lease on a tank farm/tank terminal facility which includes an ASTM quality control testing laboratory and offices located in the M.D.of Foothills, Alberta. All conditions of closing have now been finalized.
 
In consideration of the closing of the acquisition Petrostar will issue 5,000,000 class A voting shares and one Canadian dollar to the shareholders of LOMAC Canada.
 
The acquisition has received final approval from the Toronto Venture Exchange.
 

About Petrostar Petroleum Corp. 

Petrostar is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan. 

For further information, please contact: 

Bruce Scafe, IR and Communications Officer 
1-877-737-8864 or bscafe@petrostarpetroleum.com
 
Alternate Contact:

Mackenzie Loree, CEO
1-403-861-6779 or mloree@petrostarpetroleum.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.