Petrostar Petroleum Corp (C:PEP)
Shares Issued 91,579,843
Last Close 9/9/2009 $0.08
Thursday September 10 2009 - News Release
Mr. Bruce Scafe reports
PETROSTAR PETROLEUM HIRES PETROLEUM ENGINEER AND GIVES UPDATE
As of Sept. 1, 2009, Petrostar Petroleum Corp. acquired the services of Aaron Lane, Stone Ventures Ltd., Calgary, Alta.
Mr. Lane received his BSc in petroleum engineering from the University of Alberta in 2000, at which time he was awarded the Society of Petroleum Engineers scholarship. Mr. Lane has extensive experience in both heavy and light oil and in all areas of field operation. Mr. Lane is currently reviewing all of Petrostar's existing operations and will head up all future projects for the company with priority being given to completing the company's existing Bakken exploration wells. Expense and budget reports are now being prepared for these projects.
Maidstone field update
Petrostar has started an upgrading and workover program at its Maidstone field. The company has received permits allowing it to explore and co-mingle production from the Sparky zone, which previously has not been developed at the field. The rework program has been initiated with completion expected shortly. Flow will be monitored and then reported as to the success of the reworking of this zone. Additional wells on the property will then be evaluated for a similar workover program. It is the company's continuing focus to increase daily production at the Maidstone field.
On behalf of the Board of Directors,
Bruce Scafe