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
| CLF13.NYM | Crude Oil Jan 13 | Dec 19 - 89.30 | -0.21 |
| HOG13.NYM | Heating Oil Feb 1 | Jan 31 - 3.129 | -0.0008 |
| BNO | United States Bre | 9:40am - 80.94 | +0.21 |
| NGF13.NYM | Natural Gas Jan 1 | Dec 27 - 3.36 | +0.006 |
| RBF13.NYM | RBOB Gasoline Jan | Dec 31 - 2.819 | +0.0191 |
| USDCAD=X | USD to CAD | 9:59am - 1.0201 | N/A |
| BNO | United States Bre | 9:40am - 80.94 | +0.21 |
Mission Statement
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.
Market News Related to Petrostar's Objectives
Full pipelines to cut into Canadian oil producers' profits
Canada's independent oil producers may face months of depressed earnings and weak share prices as they jockey for space on the country's over-full oil pipelines...
Source: Reuters, Financial Post
Sturgeon Oil Refinery Backers Swim Against The Current
With plans for North America's first major new refinery in about 30 years, its supporters are betting there's more money to be made by processing crude in Alberta than shipping...
Source: The Globe and Mail
Embattled oil producers quietly eye rail option
"Pipelines can't touch the capacity of the railway", says advocate of shipping crude via train.
Source: The Globe and Mail
News Release
Petrostar Receives TSXV Approval on Lashburn Sale
May 27, 2013 - Vancouver, BC - Petrostar Petroleum Corporation (TSX - Venture:PEP; "Petrostar" or "the Company") is pleased to announce that it has closed the sale ofits Lashburn Heavy Oil property SE1/4 15-48-24W3. As announced on May 16, 2013, Petrostar has accepted and closed the offer to purchase from Elkwater Resources Ltd. The closing of the transaction is effective immediately.
Petrostar Signs Letter of Intent for its P&NG Assets
May 24, 2013, Vancouver, BC-Petrostar Petroleum Corp.(TSX-Venture: PEP,“Petrostar” or “the Company”)is pleased to announce thatit has executed a Letter of Intent with a private oil and gas producer to divest certain P&NG assets.
Petrostar Accepts Offer for Lashburn
May 16, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP, "Petrostar" or "the Company") is pleased to announce that it has received an offer to purchase its Lashburn heavy oil property in Saskatchewan (SE/4 15-48-24W3). A private oil and gas company out of Calgary, Alberta presented the Company with a cash offer of $110,000.
Petrostar Announces Joint Venture Extension
May 16, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP, "Petrostar" or "the Company") wishes to announce that the Company and its joint venture partner, Nepco LLC of Cheyenne, Wyoming, have agreed to an extension of the joint venture agreement signed and announced on November 12, 2012.
Petrostar Completes Year End Filings
April 29, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP, "Petrostar" or "the Company") is pleased to announce that the Company's Audited Annual Financials and accompanying MD&A for the year ending December 31, 2012 were filed with all regulatory bodies on April 26, 2013
Petrostar Clarifies Details of Judgement
April 8, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP, "Petrostar" or "the Company") wishes to clarify the following, in addition to the news release issued on April 5, 2013, at the request of the TSX Venture Exchange.
April 5, 2013, Vancouver, BC - Petrostar Petroleum Corp. (TSX-Venture: PEP, "Petrostar" or "the Company") would like to inform its shareholders that a Judgment and subsequent Garnishee of the Company's bank account was awarded to Independent Well Servicing Ltd. of North Vancouver, BC.