PETROSTAR -Börsenstar?

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05.07.10 11:56

764 Postings, 5625 Tage cliffhangerHallo Hawker

Wie bewertest Du die letzten Mitteilungen? Sieht (so wie ich es damals schon vermutet hatte - Bakken Play trocken oder Öl) nicht sehr gut aus. Habe langsam das Gefühl, die wissen nicht mehr weiter. ETH funktioniert, aber keiner kauft es. DHT funktioniert, aber ist sehr aufwendig für jedes Bohrloch zu modifizieren. UND: Geld scheint auch langsam auszugehen.
Selbst einer der großen Manager von PEP, der entlassen wurde, hat sofort seine Aktien unlimitiert auf den Markt geworfen (wurde auf WO so rübergebracht). Wenn ich oben mit drin saß und der Meinung wäre, dass das ein gutes Ende nimmt, dann behalte ich meine Shares und warte auf den Jackpot.
Irgendwie habe ich kein gutes Gefühl mehr und ich halte schon fast 3 Jahre, weil ich an die Story geglaubt habe.

Warum geht PEP jetzt nicht in die Offensive und versucht das DHT in den USA zu vermarkten. Die haben derzeit die Schn.... gestrichen voll von den Tiefseebohrungen und gleichzeitig alte Ölquellen im Inland (Texas usw), die mit alten Mthoden ausgebeutet wurden, was für mich heißt, dass da noch genug mit einem DHT zu holen wäre. Die bräuchten nur diverse Bohrlöcher verschiedener Ölfelder mit DHTs ausstatten und zeigen was geht.
Aber NEIN, lieber mit einer SOLARKLITSCHE irgendwas aufziehen.

Für mich alles nicht mehr nachvollziehbar, da der Info-Fluss seitens PEP schon immer - aber gerade jetzt - sehr zu wüschen übrig läßt (mal abgesehen von den Mitteilungen, dass mal wieder ein PP durchgezogen wird, von dem wir normalen Kleinanleger garnichts haben, was ich bei PEP durch eine Mail auch schon angemerkt habe).

So langsam wird mir die Firma suspekt.
Wie siehst Du das??

Gruß
Cliff

P.S. Bin nicht gerade mit einem kleinen Betrag hier investiert.  

06.07.10 11:32

666 Postings, 6086 Tage havannaDa soll sich jemand ein Bild von machen....

Petrostar signs LOI for $18-million bio-fuels venture


2010-07-05 21:39 ET - News Release

Mr. Bruce Scafe reports

PETROSTAR SIGNS LOI TO FINANCE BIO-REFINERY

Petrostar Petroleum Corp. has entered into a formal letter of intent (LOI) with Uwe Zibell and his company, Machine Shop Services Inc., of Winnipeg, Man.

Over the next few weeks, the LOI is intended to facilitate the negotiation of a formal agreement to enter into a co-venture to design and build a bio-refinery using Machine Shop's exclusive IP technology. Machine Shops has developed a thermal conversion process (TCP) that will produce bio fuels from several sources of waste feedstock.

The thermal conversion process is a newly designed system that improves upon an existing proven gasification technology. Through technological development of the earlier system, the new TCP allows waste material to be reformed into renewable fuels. This bio-refinery process is capable of using many varieties of feedstock including waste, rubber tires and plastics. This will be the source of feedstock for this first bio-refinery. Agricultural waste can also be used as feedstock for this process. In all cases, the process can turn unwanted, environmentally problematic materials into marketable fuel. In the case of used tire processing, the yields on average are 28 per cent oil, 32 per cent steel and 40 per cent carbon black. These are all in marketable demand. After start-up, the fuel required to run the refinery will come from the refinery's own production.

Under the proposed co-venture agreement, Petrostar will finance the design and building of the bio-refinery equipment and oversee the set-up and installation of equipment into a rented facility in Manitoba under the direction of Machine Shop. Total cost of the project is estimated at $18-million. In return, Petrostar will receive 65-per-cent ownership of the corporation that will manage the bio-fuels plant. All further details will be negotiated and announced in Stockwatch when the final co-venture agreement is completed.

This is the first deal to be introduced to the company by Allan E. Kiesler Inc. (as announced in Stockwatch on June 21, 2010), which Petrostar contracted on a best efforts basis to assist the company in diversifying its overall operations in the energy sector, with specific attention given to the development of sustainable energy resources. Management is very pleased with the introductions provided by Mr. Kiesler and is currently reviewing other possible projects. The goal is to continue to build up conventional energy assets and, at the same time, develop alternative energy sources so that Petrostar will be a integrated supplier of energy for the future .  

06.07.10 18:18

351 Postings, 6714 Tage hawkwerPEP - hawkwer

Hallo cliffhanger!

Meine derzeitige Meinung und Position ist abwarten und sehen was kommt.
Vielleicht sollte ich mal wieder an Bruce schreiben und mit ihn Fragen beschäftigen.

Es ist auf jedenfall nicht leicht jemanden zu raten, PEP Aktien zu kaufen.
Sie sind günstig, aber riskannt.

Du merkst bei mir herrscht auch ein wenig Leere!

Gruß
hawkwer  

06.07.10 18:23

351 Postings, 6714 Tage hawkwerInsider Handel

etwas Positives: Bruce kauft zumindest günstig ein. Das darf man nicht außer acht lassen !!!

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=pep  

20.07.10 22:02
1

351 Postings, 6714 Tage hawkwerMacht euch bereit!

Petrostar Signs Distribution Agreement

Jul. 20, 2010 (TheNewswire.ca) --

July 20, 2010, Victoria, BC - Petrostar Petroleum Corp. (TSXVEP) (TSX-Venture: PEP, Frankfurt: LMQ; "Petrostar" or "the Company") is pleased to announce that it has signed a comprehensive distribution agreement with King Energy Distribution ("King Energy") who has its primary offices at 304 - 63 Albert Street, Winnipeg, Manitoba.

Under this agreement, King Energy becomes the worldwide master distributor for the sale and distribution of Petrostar's Electric Tank Heater (ETH) and Down Hole Heating Tool (DHT). King Energy will supply end users, dealers, distributors and sub-distributors for a one-year term. Under the agreement, the term is renewed automatically for a second, third, fourth and fifth year, providing agreed-upon sales targets are met over each reporting period. At the end of the fifth year, if all obligations are met, both parties agree to look at a five year renewal under the same terms of the current agreement.

Petrostar's Management sees the signing of this distribution agreement as the final step to the full commercialization of both of the Company's tools. King Energy has developed an extensive marketing and distribution plan formulated on its extensive research into the two technologies and tools that Petrostar has developed.

About King Energy Distribution

While King Energy Distribution, a Canadian entity, was recently formed specifically to effect the distribution of Petrostar's products, King Energy has international affiliations and its management is experienced in distribution and financing on a scale commensurate to meet Petrostar's requirements.

King Energy's management is currently working with incubator, early-stage and operating "green" companies involved in renewable energy, bio-diesel, solar and oil rejuvenation products in expectation of enhancing Petrostar's product lines. King Energy's webpage is currently under development  

29.07.10 21:54

351 Postings, 6714 Tage hawkwerHandel in Deutschland 29.07.2010

Heute wurden in Frankfurt 6000 Stk gehandelt und in Stuttgart 12000 Stk.

Gruß
hawkwer  

04.08.10 16:55

246516 Postings, 7287 Tage buranscheiss Bergbauklitschen

Beteiligungsgesellschaften sind mir lieber
habe das Teil für gratis zu Weihnachten anno 2008 bekommen
Tannebäume klauen war kribbelnder  

05.08.10 12:42

351 Postings, 6714 Tage hawkwerHallo buran!

Wo kommst Du denn her?
Hälst Du diesen Wert?

Gruß
hawkwer  

09.08.10 14:51

351 Postings, 6714 Tage hawkwerOktober 2009

Petrostar Petroleum Corporation (TSX-V: PEP, Frankfurt: LMQ) announced that the company has received the final CSA Certificate of Compliance certificate for its Electric Tank Heater (ETH). In addition to the CSA approvals the ETH has received Canadian Industrial Design and USA Patent designations.


In addition to Petrostar’s oil production, development and exploration activities in Saskatchewan, where Petrostar has one producing oil field and several development project. Petrostar are also developing new propriety technologies to aid oil exploration and production methods. Its primary technology developments include the Electric Tank Heater and the ‘Down Hole Tool’ (DHT), which is a system and method for generating underground heat, steam and pressure.


The CSA certificate is valid for Canada and the USA. The certificate approves Petrostar’s tank heater safety standards for ‘Explosion Proof Enclosure for Use in Class I Hazardous Locations’ and for ‘Electric heaters for use in Hazardous Locations’.


Petrostar's improved electric tank heater (ETH) has the potential to lower operating costs by reducing consumption of fossil fuels and additionally, it would lead to zero CO2 emissions. This would be a major development to help Canada's oil industry meet or surpass the standards put forth by the Kyoto accord. Current heater technologies are used to heat the tank oil and maintain it at approximately 70 degrees celcius, which is a significant operating cost especially during the winter months.


According to today’s statement, many companies have expressed their interest in the tank heater and have had representatives visit Petrostar's Lloydminster facility to inspect and learn more about the ETH technology.


Such companies include Husky Oil, Canadian Natural Resources, Pennwest and Devon Energy. Feedback to date has been very positive and Petrostar expects to be able to give further updates regarding trials and sales very shortly.


In addition to the EHT development update, Petrostar also announced that it has Mr. Aaron Lane to the company’s board of directors. Mr. Lane has extensive experience in both heavy and light oil and in all areas of field operation and has been reviewing all of Petrostar's current operations. Mr Lane is expected make recommendations back to the board on all future projects.


Following the addition to the board Petrostar also restructured the senior management positions, appointing current director Mr. William Stafford, to the CFO's position. Mr. Stafford takes over the position replacing fellow director Mr Robert A. Sim, who will continue to act as company Secretary.


Separately Petrostar also revealed that an aggressive work over program on three suspended wells at the Maidstone field is currently being completing. The programme will replace all worn equipment and upgrading production techniques to return them to production. Further updates will be provided as the work continues.  

11.08.10 06:57

351 Postings, 6714 Tage hawkwerMr. Bruce Scafe reports

Petrostar grants options to buy 1.8 million shares

2010-08-10 15:54 ET - Options Proposed


Mr. Bruce Scafe reports

PETROSTAR ANNOUNCES OPTION GRANT

Petrostar Petroleum Corp. has granted incentive stock options totalling 1.8 million shares.

The company has granted these options to certain directors, employees and consultants of the company at a deemed price of 10 cents per share, and the options will expire on Aug. 6, 2015  

12.08.10 07:59
1

351 Postings, 6714 Tage hawkwerAntworten von Bruce

Hello Mr. ....



I will answer your questions as best I can.



1.       Petrostar’s Financial Situation -  Petrostar has a accumulated debt of $1 million which was caused by previous management when they drilled wells in SE Saskatchewan without having proper financing in place to do the work. Over the last year my new team has been reviewing the whole operation and trimming expenses as much as possible . We have cash flow every month from heavy oil sales from our Maidstone field. Every month we do mange to pay down some of the debt but we will need increased production or a financing to clear this debt.

2.       We believe that part of increasing our cash flow will come from sales of our ETH. We have just hired a distribution company to handle the ETH and DHT . We also are negotiating with a new manufacturing company to handle the manufacturing of the ETH. So yes we think we have a viable product here but again previous management had not taken some of the necessary steps to get a new product commercialized. We have now completed these steps and going ahead.

3.       Petrostar has signed a contract with Allan A. Kaisler Inc. to research and bring new projects in alternative energy field to Petrostar. We are currently signed two LOI’s from this work and are moving forward to signing contracts with these new company ies.

4.       Work in SE  Saskatchewan( Bakken) is about to get going again. We have plans to go back and test new zones in previous wells drilled in 2008 . We also have plans which we have in front of potential financiers right now for a new multi well drill program.

5.       All the old management of the company after the last AGM in June is no longer with the company, There is a new team that is very positive group with experience to move this company into a profitable future.

6.       There will be news as these things develop, but I will not put out news just for the sake of having news, it has to has to be material and substantial.





Petrostar has gone through a very difficult period and the company was in bad shape at a very difficult time in the market for companies. What this team has done is keep the company going over this time, we have trimmed cost and are working on very thin budgets, and have now put the company in the position to move forward and grow. Debt is manageable aand we see our future in new oil production from the Bakken, sales of our ETH over the next six months and new projects in alternative energy sector to further diversify the company. I know it is difficult to think about buying shares in a company that has disappointed its shareholders over the last 2 years , that being said the company is still here and now could be exactly the right time to add to a position.



I appreciate shareholders like yourself who do take the time to ask some questions and welcome the opportunity to answer those questions.





Bruce Scafe

President/CEO

Petrostar Petroleum Corp.

1-250-597-3628    Personal Office

1-250-710-4022    Cell  

08.09.10 09:40

666 Postings, 6086 Tage havanna25 Mio Finanzierung abgeschossen!

2010-09-07 23:45 ET - News Release


PETROSTAR AGREES TO TERMS FOR $20 MILLION FUNDING ARRANGEMENT

Petrostar Petroleum Corp. has agreed to terms on a $20-million financing agreement with Capital Corp. Merchant Banking of Orlando, Fla., USA, through a debenture instrument.

Capital Corp. Merchant Banking is part of a group that was formed 25 years ago to meet the growing needs of companies, clients and promoters looking for financing and professional assistance in a diversity of projects. For further information on Capital Corp., please see its website. Financing for the project will be delivered in two phases. Phase 1 will be an initial $5-million, and phase 2 will be $15-million to be disbursed within 12 months from the initial disbursement. The total disbursement of $20-million will consist of $400,000 in common stock of the new subsidiary and $19.6-million as a debenture to the subsidiary. The debenture is for a term of 84 months with four annual fixed payments and an annual interest rate of 3 per cent calculated on the net balance of the debenture payable on a quarterly basis. There will be a 24-month grace period from the quarterly payments.

Financing will be used specifically for exploration and development of Petrostar's Bakken property. Under the terms of the agreement, Petrostar will form a subsidiary private company exclusively for the Bakken project. The new subsidiary company will be a 50-50 joint venture between Petrostar and Capital Corp. Petrostar will be the operator for this project.

Phase 1 of exploration will consist of further mapping of the properties and the purchase of seismic trade data, which will determine up to eight drill targets to be drilled. Phase 2 of the project will be to expand on the success of phase 1 with new wells and infill wells planned in the appropriate areas. Further property acquisition or farm-ins will be considered. As operator, Petrostar will be in charge of all aspects of the Bakken project. After a period of five years, Petrostar will have the option to buy back all shares in the subsidiary owned by the funder at the market value to be determined by a professional third party.

Petrostar management is pleased to have Capital Corp. as the funding partner in this project and looks forward to a long and successful relationship. Capital Corp. has indicated to Petrostar management that it will continue to finance the project past the initial $20-million program as long as the project continues to be successful.

Management negotiated the debenture with Capital Corp. rather than issuing shares and further diluting the shareholder base of the company. Management feels that this protects its shareholders and gives them the best value for this project. This is a major step forward for Petrostar to increase its oil production and revenue substantially over the next 12 to 24 months. Final documentation is being prepared with financing expected within 30 to 60 days. The company expects to start the drilling program in December, 2010.  

09.09.10 12:53

764 Postings, 5625 Tage cliffhangerHallo Hawker

Danke für das Einstellen der Antwort von Bruce.
Wie ich es damals vernutet hatte, wäre bei PEP bald das Licht ausgegangen. Was ich bemerkenswert finde ist, dass Bruce soooo offen über das Missmanagement des alten Managements schreibt. Die hatten ein funktionierendes DHT1 und......bauen ein DHT2, was auch arbeitet. Aber, statt es zu vermarkten, bauen sie ein DHT3. In meinen Augen: Luftschlösser bauen ohne finaziellen Hintergrund.
Was jetzt wichtig ist, ist, dass die Bakken-Liegenschaft endlich Öl abwirft. Auch hier bestätigt sich meine damalige Vermutung - TROCKENBOHRUNG. Das Bakken war mal eine hervorragende Öl-Zone, aber ist es jetzt immer noch profitabel??? Hoffen wir das Beste. Auch ist zu wünschen, dass endlich mal ein paar ETH's und/oder DHT's verkauft werden. Würde zumindest mal wieder Phantasie in den Wert und Vertrauen in die Firma bringen.
Gruß
Cliff  

09.09.10 13:40

351 Postings, 6714 Tage hawkwerDer Tiefpunkt ist vorbei!

Hallo cliffhanger!

Ja, ich denke das man jetzt entspannter in die Zukunft sieht bei PEP.

Wir können es auch und sehen was passiert.

Es hat sich bisher immer gelohnt PEP halbjählich zu kontaktieren.
An der Antwort konnte man sehen das es weiter gehen wird, richtig weiter.

Ach , danke für den Punkt!!!

:-)

Gruß  

09.09.10 19:59

764 Postings, 5625 Tage cliffhangerHallo Hawker

das mit dem halbjährlichen kontaktieren war so eine Sache unter der alten Leitung (s. mein damaliges Post). Na ja, warten wir mal ab, was kommt. Vorschusslorbeeren werde ich bei dieser Firma nicht mehr verteilen. Jetzt ist PEP im Zugzwang, bzw. in der Bringschuld nachzuweisen, dass sie aus den Fehlern gelernt haben.
Das mit dem "Grünen": Aber gerne doch!!!! Wer den Tread aufrecht erhält und sich dann die Mühe macht, PEP anzuschreiben und die Antwort zur Verfügung ALLER zu stellen, hat mehr als "Einen" verdient.
Bis demnächst in diesem Theater (Muss jetzt wieder zu WaMu).
Cliff  

13.09.10 17:09

351 Postings, 6714 Tage hawkwerFiananzNachrichten.de

http://www.finanznachrichten.de/...ten-aktien/petrostar-petroleum.asp

ACHTUNG!

Nichts neueres aber:  Wir tauchen seit knapp 2 Jahren mal wieder bei Finanznachrichten.de auf

Gruß
hawkwer  

01.10.10 09:25

351 Postings, 6714 Tage hawkwerWierdermal Finanznachrichten.de

Und heute neu!

Petrostar to sell new battery-style generator

2010-10-01 01:49 ET - News Release


An anonymous director reports

PETROSTAR CONTINUES TO PROMOTE AND INTEGRATE THE USE OF GREEN TECHNOLOGIES

Petrostar Petroleum Corp.'s designated marketing firm, King Energy Distribution, has obtained the rights and been named exclusive master distributor to an environmentally friendly, down to earth generator, that can be used virtually anywhere and in almost any weather condition.

The E-POD Generator (Energy - Power on Demand Generator) is a new generation of battery style generator that needs no diesel fuel and no maintenance. This generator is being made available to Petrostar through the strong working relationship with the principles of King Energy Distribution. The E-POD generator is now being adapted to run Petrostar's Electric Tank Heater (ETH) for many reasons: it is super quiet and can supply power to the ETH on an ongoing basis and has the ability to pay for itself over a reasonable time period. It is envisioned that within a short period of time, it may supply all the power at remote producing wells for all the operational needs. The actual 10-year life cycle of the unit is made possible by the re-chargeable batteries that are the main feature of this rugged generator. The batteries have many ways of being recharged including solar or wind. Perhaps one of the most durable generators on the market at this time, it has been used in the far North with outstanding reliability and results over the last two years. The key features of this new type of self sustaining battery generator are Safety, Noiseless Operation, No Fume Discharge, and Zero Maintenance.  

06.10.10 19:06

351 Postings, 6714 Tage hawkwerDezember - Januar

Hello ...



I hope you have had achance to see and read the two latest news releases for Petrostar . We plan to start a major drill program on our Bakken formation lands in December /January. It is a good time to be a shareholder of Petrostar and you may want to add to your position at this time if you are in a position to do so. The future for Petrostar is a lot more optimistic now that financing is being arranged.



Best Regards





Bruce Scafe

President/CEO

Petrostar Petroleum Corp.

1-250-597-3628 Personal Office

1-250-710-4022 Cell

1-877-737-8864 Toll Free  

09.10.10 06:36

351 Postings, 6714 Tage hawkwerDer erste Schritt (ETH)

Petrostar sells two electric tank heaters for $30,000

2010-10-08 23:41 ET - News Release


Mr. Bruce Scafe reports

PETROSTAR BOOKS FIRST ELECTRIC TANK HEATER SALE

Petrostar Petroleum Corp. has made the first commercial sale of its electric tank heater (ETH) technology.

SR Rentals of Elk Point, Alta., has agreed to purchase two ETH units to be delivered immediately. These units will generally be used in SR's tank rental business and specifically used to heat drilling fluid tanks on drill rigs during the winter season. As reported in an earlier news release, the purchase of these heaters validates the success of the test that was conducted last winter on an active rig. Petrostar's management believes that this is an important first sale and will trigger many future sales. Even though this sale is small, it is significant in that it proves Petrostar's heater technology works and is reliable under a demanding situation. As these heaters begin to roll out, the industry will see that there is a safer, more reliable, more environmentally friendly and more cost-effective way to heat all manner of tanks used for different applications. The tank heater is not limited to the oil and gas industry. Any industry that requires heated fluid can use the technology. For example, waste management, drill rigs, above-ground oil tanks and above-ground water tanks.  

22.11.10 20:47

351 Postings, 6714 Tage hawkwerRest des Jahres!

Es geht für dieses Jahr langsam in den Endspurt.

Da werden sich einige durch Käufe und Verkäufe neu aufstellen.

Die Erwartungen sind hoch gesteckt.

Ich persönlich bin gespannt, ob sich die Kursentwicklung so einstellt, wie Bruce es formuliert hat.

" Jetzt könnte es der richtige Zeitpunkt für Investoren sein, seine Positionen auszubauen !"

Auf Grund, der heute viel gehandelten Aktien gehe in dieser Woche noch von News aus!
(persönliche Einschätzung, mehr nicht !)

LG
Hawkwer  

08.12.10 09:30

351 Postings, 6714 Tage hawkwerHandel in Frankfurt

Gestern wurde in Frankfurt gehandelt ca. 700 €

heute wurde in Frankfurt gehandelt ca. 600 €

Gruß
hawkwer  

22.01.11 20:13
1

666 Postings, 6086 Tage havannaNews vom 13.01.

N e w s R e l e a s e
Petrostar Updates Shareholders on Previous
Announcements
January 13, 2011 - Victoria, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP; Frankfurt:
LMQ; “Petrostar” or “the Company”) would like to update its shareholders as to the status of
announcements made in earlier Company news releases.
1. Regarding the $20 million financing deal wNith Capital Corp Merchant Bank
(CCMB) of Orlando, Florida:
The terms of this agreement were first announced on September 7, 2010 and updated on
September 29, 2010. The update stated that Capital Corp Merchant Bank had begun its
due diligence as part of its final decision process for granting the financing to Petrostar.
This process was estimated to take 60 days, but has taken much longer than anticipated.
The update from CCMB states that the next step has been taken and all of the information
for third party valuation appraisal has been sent to American Appraisal. American
Appraisal has offices in many countries around the world including Canada. CCMB has
indicated that once a satisfactory final appraisal has been received, CCMB will prepare
final closing documents for funding, which would then be filed with the TSX Venture
Exchange for approval. This process is estimated to take 15 - 30 days to complete. A
multi-well drill program on the Company’s Bakken area properties is planned to start
once funding is completed. The Bakken project will then become a joint venture project
between Petrostar and CCMB.
2. Regarding the sale of the Maidstone and Lashburn heavy oil properties:
The terms of this agreement were first announced on September 29, 2010. On October
15, 2010, it was announced that the sale for $1.3 million had not completed and the offer was withdrawn. At that time, management decided to accept new offers and market the two properties that made up the original deal as separate entities. The asking price for Maidstone was $750,000 and Lashburn was $550,000 totalling the $1.3 million. The Company is in discussion with two different companies interested in the Maidstone
property and one company interested in the Lashburn property. Petrostar will announce
details of any deal upon completion.


. . . 2
Petrostar Petroleum Corporation
News Release
January 13, 2011
Page 2
3. Regarding the Electric Tank Heater (ETH) sale:
Further to the news release of October 8, 2010, Petrostar and its ETH distributor, King
Energy, have received inquiries regarding the ETH and are working on quotes for future
sales. Some of the quotes are for specialized heating solutions for different applications than what the ETH was originally designed for, thus there is additional engineering that needs to be calculated and/or possible modifications needed to the heater to suit individual client needs. These enquires are currently being processed and further sales are expected. Petrostar’s Down Hole Heating Tool (DHT) is currently being reviewed by engineers associated with King Energy. The DHT may require further engineering and design changes, therefore the DHT is not being marketed until the review is complete.
The Management of Petrostar wishes to thank its shareholders for their continued support and confidence while these projects work toward their completion.
About Petrostar Petroleum Corp.
Petrostar Petroleum is a Canadian-based oil and gas producer committed to providing sustainable growth and value to its shareholders through progressive production of heavy and medium oil properties. The long-term objective of management is to aggressively seek properties with high potential that can be advanced with minimum expenditures. The policy of the Company is to lower shareholders’ risk exposure at various stages of exploration by entering into joint ventures with third parties or acquiring projects that the Company can operate as the sole owner-operator.
Petrostar is committed to advancing the use of “green technologies” where possible in the exploration and production of oil and gas. Petrostar and its partner, King Energy Distribution, are working together to lessen overall emissions by developing, using and distributing new technologies to the oil and gas industry.
On behalf of the Board of Directors,
Bruce Scafe, President  

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