Petrostar Petroleum Corporation

Published : September 11th, 2009

Hires Petroleum Engineer and Gives Update

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Petrostar Petroleum Corporation
Head Office: 615 - 700 W. Pender St.
Vancouver, BC V6C 1G8
Field Office: 6010 -A, 50th Ave.
Lloydminster, AB T9V 2T9
www.petrostarpetroleum.ca

Petrostar Petroleum Corp (C:PEP)
Shares Issued 91,579,843
Last Close 9/9/2009 $0.08
Thursday September 10 2009 - News Release

Mr. Bruce Scafe reports

PETROSTAR PETROLEUM HIRES PETROLEUM ENGINEER AND GIVES UPDATE

As of Sept. 1, 2009, Petrostar Petroleum Corp. acquired the services of Aaron Lane, Stone Ventures Ltd., Calgary, Alta.

Mr. Lane received his BSc in petroleum engineering from the University of Alberta in 2000, at which time he was awarded the Society of Petroleum Engineers scholarship. Mr. Lane has extensive experience in both heavy and light oil and in all areas of field operation. Mr. Lane is currently reviewing all of Petrostar's existing operations and will head up all future projects for the company with priority being given to completing the company's existing Bakken exploration wells. Expense and budget reports are now being prepared for these projects.

Maidstone field update

Petrostar has started an upgrading and workover program at its Maidstone field. The company has received permits allowing it to explore and co-mingle production from the Sparky zone, which previously has not been developed at the field. The rework program has been initiated with completion expected shortly. Flow will be monitored and then reported as to the success of the reworking of this zone. Additional wells on the property will then be evaluated for a similar workover program. It is the company's continuing focus to increase daily production at the Maidstone field.

On behalf of the Board of Directors,

Bruce Scafe

President and Director

Safe Harbor Statement and Disclaimer:
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects", "projects", "plans", and certain of the other foregoing statements may be deemed forward-looking statements. Although Petrostar Petroleum Corporation believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the development and production of oil wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of production operations; risks with respect to oil prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil prices and other risk factors.

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Petrostar Petroleum Corporation

PRODUCER
CODE : PEP.V
ISIN : CA71676D2041
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Petrostar is a oil producing company based in Canada.

Its main asset in production is MAIDSTONE in Canada and its main asset in development is LASHBURN SOUTH in Canada.

Petrostar is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.3 millions as of today (US$ 977 832, € 867 631).

Its stock quote reached its highest recent level on August 15, 2008 at CA$ 0.70, and its lowest recent point on April 27, 2012 at CA$ 0.01.

Petrostar has 51 350 000 shares outstanding.

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2007 Annual Report
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8/10/2015Amendment to Earlier Release
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3/10/2015Petrostar Shareholder Update and Subsidiary Company Report
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2/3/2015IIROC Trading Halt - PEP
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8/7/2014Petrostar Closes Lomac Canada Ltd. Acquisition
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7/8/2014Petrostar CEO's Address
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