RE: RE: news maybe a start to something GOOD
Maybe it´s an enlightenment to your question.
The following was a response from Bruce Scafe to an investor on a german board one month ago.
I´m not sure if we should like the dht-part. Sounds like much more work to do on that one. On the other hand, as long as they market anything, it´s ok...
Anyway, this is what he said:
"Hello
Thank-you for your enquiry to Petrostar and I am glad to be able to respond to a shareholder. As I am the new CEO of the company since July I am currently reviewing all aspects of the company at this time. I recently did a tour of our two oil fields with our new Petroleum Engineer and was pleasantly surprised about the condition of the field and the prospects of increased production from new zones. This is priority right now with the price of crude recovering it is important to increase our production and do necessary maintenance work on the field. I am also reviewing all data from our Bakken Field and our exploration program thier which I hope to resume later this fall. Our ETH technology is now fully safety approved and is ready for market we are talking with possible distributors and hope to have our first sales soon. The DHT we have had our first commercial sale, however we are looking at changes to the technology and looking at other applications for the tool as well. The DHT has been unsuccessful in heating large resevoirs and needs further work. It has been successful on heating smaller formations around the well bore.
I believe that at our current share price this is a very good time to look at Petrostar for the value of it's assets are worth more than being reflected in the share price.
I hope you will keep in touch and build your position in what I believe will bring value back to the shareholders of Petrostar."
Bruce Scafe
President / CEO
Petrostar Petroleum Corp.
1-877-737-8864 Toll Free
1-250-748-4309 Home Office
1-250-710-4022 Cell
bscafe@shaw.ca