NEWS!!!Petrostar to start drilling at Bakken
2008-06-23 17:05 ET - News Release
Mr. Robert Sim reports
PETROSTAR TO COMMENCE DRILLING BAKKEN OIL PLAY IN SE SASKATCHEWAN
Petrostar Petroleum Corp. has finalized its agreement with its joint venture partner on leases that are located in the Bakken oil play, in southeastern Saskatchewan.
Petrostar will drill three initial wells in what it believes are three new pools of Bakken oil in southeastern Saskatchewan.
Upon the success of each of these wells, the joint venture will be expanded to nine or more additional wells to develop these three pools and any additional pools that can be identified.
The drilling locations have been surveyed and permitting applications submitted, which are anticipated to be approved on or before June 30, 2008. Petrostar, as operator, has contracted the services of Terroco Drilling Ltd. for a drilling rig and other ancillary services to initiate drilling as soon as the permits are received.