Petrostar Petroleum to start Bakken well drilling soon

2008-09-11 07:08 ET - News Release

Mr. Robert Sim reports

PETROSTAR CONTINUES BAKKEN EXPLORATION

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

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 acquirelands of interest, and Petrostar, to date, has obtained the mineralrights to 22 separate leaseholds with more expected to be acquired inthe near future.

The company is currently testing its two initial wells under atight hole policy as it continues to increase its presence in thesoutheast Saskatchewan area.

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