Petrostar applies for more Bakken drilling permits

Petrostar Petroleum Corp (C:PEP)
Shares Issued 83,142,902
Last Close 9/9/2008 $0.35
Wednesday September 10 2008 - News Release

Mr. Robert Sim reports

PETROSTAR CONTINUES BAKKEN EXPLORATION

Petrostar Petroleum Corp. has surveyed and is applying for its third and fourth well drilling permit in the Bakken oil play in southeast Saskatchewan.

The program will commence as soon as the drilling permit is received. Further details are expected to be announced shortly.

The company is currently continuing to seek out and acquire lands of interest, and Petrostar, to date, has obtained the mineral rights to 22 separate leaseholds with more expected to be acquired in the near future.

The company is currently testing its two initial wells under a tight hole policy as it continues to increase its presence in the southeast Saskatchewan area.

The company is also looking at acquisitions in the southwest area of Manitoba, which is also included in the Bakken oil play.

© 2008 Canjex Publishing Ltd.