Petrostar Petroleum Corporation
Petrostar Petroleum is an emerging energy company focused on the development and expansion of strategic business segments in Canada and the USA. The company is working diligently to diversify its portfolio through the development of operating entities focused on three specific market segments: P&NG Exploration & Production, Modular Refining & Processing Plants, and Micro Power Generation.
The objective of the three market segments is to provide a fully integrated platform for Petrostar to maximize profits and develop its portfolio while minimizing associated market risks to the mother company. Each segment is focused on niche developments that complement each other's objectives and operations.
Futures and Commodities
|CLK15.NYM||Crude Oil May 15||8:02pm - 55.74||-0.57|
|NGK15.NYM||Natural Gas May 15||8:01pm - 2.634||-0.043|
|HOK15.NYM||Heating Oil May 15||8:00pm - 1.8824||-0.0163|
|RBK15.NYM||RBOB Gasoline May 15||7:55pm - 1.9299||+0.0015|
|BNO||United States Brent Oil Fund, L||4:00pm - 23.22||-0.04|
|USDCAD=X||USD/CAD||1:42am - 1.2201||-0.0021|
Petrostar Petroleum Corporation (TSX-Venture: PEP.V) is a Canadian-based energy company committed to providing sustainable growth and value to the shareholders through progressive investment and development of niche market plays. Our network of operations provides our investors a vertically and horizontally integrated portfolio focused on maximizing commodity value.
The long term objective of the Company's management is to aggressively seek niche development opportunities in P&NG extraction, electrical markets and processing and refining operations. The policy of the Company is to lower shareholder's risk exposure through the development of operating entities providing a platform for the development and expansion in each market segment of interest: P&NG Exploration & Production, Modular Refining & Processing Plants, and Micro Power Generation.
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Petrostar Petroleum Corporation (“Petrostar” or “the Company”) is pleased to provide its shareholders with this operational update from the Company’s three subsidiary companies. Company management is excited about the progress being made by its subsidiaries and expects a very busy year ahead despite lower commodity prices.
Petrostar Petroleum Corporation (“Petrostar” or “the Company”) announces that Ms. Lynda Olsen a director of the Company has tendered her resignation which the Board has accepted and is effective immediately.
Petrostar Petroleum Corporation (“Petrostar” or “the Company”) is very pleased to announce that the company’s board of directors has selected Mr. Len Tucker to be appointed as a new director of the Company.
Petrostar Petroleum Corporation (“Petrostar” or “the Company”) is pleased to announce that the Company and Mako Well Services have reached an agreement for the design and fabrication of TexAlta’s new disposal facility. Mako Well Services is building the disposal facilities surface equipment, which has a total ESTIMATED cost of $1.25 million. The facility will include related surface handling, filtration and injection infrastructure for TexAlta’s Class 1s disposal project.
Petrostar Petroleum Corporation (“Petrostar” or “the Company”) management is pleased to provide this important corporate overview and development strategy for the company's short and longer term plans. The company has initiated three corporate developments though its strategically owned operating subsidiaries: LOMAC Canada Ltd., Maverick Northstar, & TexAlta Industries Ltd.
Petrostar Petroleum Corporation ("Petrostar" or "the Company") wishes to announce that the company has received and accepted the resignation of the company’s Chief Financial Officer Mr. Garry Topolnitsky.
Petrostar Petroleum Corporation ("Petrostar" or "the Company") is very pleased to announce that it’s wholly owned subsidiary LOMAC Canada Ltd. has completed its Phase I work program at the company’s tank farm and warehouse facility located in Aldersyde, AB.
Petrostar Petroleum Corporation ("Petrostar" or "the Company") is proud to announce that LOMAC Canada Ltd. a wholly owned subsidiary of Petrostar has initiated and completed the first commercial sales of methanol and chemical product in Western Canada.
Petrostar Petroleum Corporation (“Petrostar” or “the Company”) wishes to announce that company has entered into two debt settlement agreements dated September 24, 2014 in order to settle an additional $358,795.15 in outstanding debt through the issuance of 3,986,613 Petrostar common shares at deemed prices of $0.09 per share.