Properties

Lashburn South - Eldon, SK

Petrostar has acquired from Brahma Resources Ltd. of Lloydminster, Alta., a 100% interest in a freehold leasehold located near its stone, Saskatchewan, that closed in mid-October 2007. The lease contains a non-producing well in 101-07-15-48-24W3M with all production facilities in place.

The lease is 160 acres in size allowing for the drilling of three additional wells on the property. Drilling of the initial well is to be located in A8-15-48-24W3M offsetting a well owned and operated by Husky Oil. The current non-producing well will be the subject of Petrostar's Down Hole Tool (DHT) technology and will be re-entered and equipped with Petrostar's new GEN-2 DHT which will be more and efficient than its Gen-1 DHT.

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