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
|CLG16.NYM||Crude Oil Feb 16||10:04pm - 26.76||+0.21|
|NGG16.NYM||Natural Gas Feb 16||8:03pm - 2.183||-0.006|
|HOG16.NYM||Heating Oil Feb 16||2:29pm - 1.0648||+0.0339|
|RBG16.NYM||RBOB Gasoline Feb 16||2:29pm - 1.1122||+0.0332|
|BNO||United States Brent Oil Fund, L||4:00pm - 10.44||-0.36|
|USDCAD=X||USD/CAD||10:54pm - 1.3930||+0.0040|
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”) has accepted the formal resignation of Mr. Bruce Scafe from the Company’s Board of Directors effective immediately. Mr. Scafe has resigned from the Company’s board of directors in order to sit as the residing chairman of the company’s newly formed advisory council.
Petrostar Petroleum Corporation (“Petrostar” or “the Company”) management is amending the news release dated August 6, 2015, which announced the appointment of Mr. A. Chan as CFO for the Company. At the time of this release, the Company was informed that Mr. Chan was unable to accept the position of CFO at this time due to regulatory requirements.
Petrostar Petroleum Corporation (“Petrostar” or “the Company”) management is very pleased to announce that Mr. Anthony Chan has been appointed as CFO of the Company. Mr Chan takes over from Mr. Bruce Scafe who was the acting CFO and is also a director of the Company.
Petrostar Petroleum Corporation ("Petrostar" or "the Company") is very pleased to announce that the company’s board of directors has selected Mr. Tom Carpenter to be appointed as a new director of the Company
Petrostar Petroleum Corporation ("Petrostar" or "the Company") wishes to announce that company has entered into two debt settlement agreements dated July 31,2015 in order to settle an additional $55,200.00 in outstanding debt through the issuance of 1,104,000 Petrostar common shares at deemed prices of $0.05 per share.