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PepsiCo Inc V.PEP


Primary Symbol: PEP

PepsiCo, Inc. is a beverage and convenient food company. The Company's segments include Frito-Lay North America, which includes its food businesses in the United States and Canada; Quaker Foods North America, which includes its food businesses, such as cereal, rice, pasta and other branded food, in the United States and Canada; PepsiCo Beverages North America, which includes its beverage businesses in the United States and Canada; Latin America, which includes its beverage and convenient food businesses in Latin America; Europe, which includes its beverage and convenient food businesses in Europe; Africa, Middle East and South Asia (AMESA), which includes all of its beverage and convenient food businesses in Africa, the Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region (APAC), which includes all of its beverage and convenient food businesses in Asia Pacific, Australia and New Zealand, and China region. Its brands include Lays, Doritos and Cheetos.


NDAQ:PEP - Post by User

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Post by PaintedPigMediaon Jun 23, 2008 9:00pm
645 Views
Post# 15219673

THE PAINTED PIG AFTER MARKET UPDATE

THE PAINTED PIG AFTER MARKET UPDATE

Petrostar to start drilling at Bakken

Petrostar Petroleum Corp (C:PEP)
Shares Issued 78,078,902
Last Close6/20/2008 $0.275
Monday June 23 2008 - 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 venturepartner on leases that are located in the Bakken oil play, in southeasternSaskatchewan.

Petrostar will drill three initial wells in what it believes are three newpools of Bakken Oil in southeastern Saskatchewan.

Upon the success of each of these wells, the joint venture will be expandedto nine or more additional wells to develop these three pools and any additionalpools that can be identified.

The drilling locations have been surveyed and permitting applicationssubmitted, which are anticipated to be approved on or before June 30, 2008.Petrostar, as operator, has contracted the services of Terroco Drilling Ltd. fora drilling rig and other ancillary services to initiate drilling as soon as thepermits are received.

The leases are located in the SE Saskatchewan extension of the prolificBakken oil play that covers Southern Alberta, Saskatchewan, Manitoba and Montanaand North Dakota in the USA.

The parties will continue to locate and acquire additional lands within thegeneral area of the Bakken play.

© 2008 Canjex Publishing Ltd.

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