Petrostar Petroleum Corporation

Published : July 03rd, 2009

Receives Canadian Industrial Design Registration

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http://www.petrostarpetroleum.ca/images/pep_logo_90px.png       

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

NEWS RELEASE
JULY 2, 2009

Petrostar Receives Canadian Industrial Design Registration from Canadian Patent Office for Its ETH Zero CO2 Technology...

Petrostar Petroleum Corporation (TSX-Venture: PEP, Frankfurt: LMQ; "Petrostar" or the "Company") announces that on June 17, 2009 it has received from the Canadian Patent Office, Industrial Design Registration (#128039), and protection for its proprietary ETH (Electric Tank Heater) technology.

The ETH unit is capable of replacing current burner tube tank heating devices and has a zero CO2 emission signature as well as the potential of reducing operating costs by using power generated from top drive motors and eliminating the fuel requirements of the burner units for those batteries that are not running on electricity. The ETH technology is currently CSA compliant for field replacement and is currently undergoing testing to receive CSA mass approval for installation at the manufacturing and construction stage. The CSA tests, (Flameproof, Hydrostatic and Explosion Pressure Tests), are expected to be completed by mid July with approvals anticipated shortly thereafter. The Company has made a number of initial contacts with production and sales tank suppliers and manufactures to introduce the product to them as an alternative to the current burner tube installations.

The Company will also produce and make available a dual ETH control panel which will allow 2 units to be run in tandem and incorporate a power phase control that supplies power on a rotating basis to the heating unit. This provides a better distribution of heat to the tank and circulation of the emulsions stored within them.

The Company has also measured and monitored the reduction of CO2 that is produced by tank units that are currently using the burner tube equipment to maintain production and sales tank heating.

The burner tube systems using propane or natural gas fuels produce quantities of CO2 in the range of 14kg-25kg/day into the atmosphere whereas the ETH produces zero. This may be the most important factor in making this system a valuable commercial product. The reduction of CO2 emissions is and will become increasingly important as regulatory agencies will seek to impose penalties on those who do not voluntarily reduce their emissions.

On behalf of the Board of Directors,

Robert A. Sim

President and Director

 

 

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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Annual reports of Petrostar Petroleum Corporation
2007 Annual Report
Financings of Petrostar Petroleum Corporation
1/12/2010Private Placement Completed... 2 DHT Projects Under Review.....
6/25/2009Farmout Agreement Announced... Private Placement Completed.....
6/5/2009DHT Unit Delivered to Oilsands Quest Inc.... ETH Update... P...
Corporate news of Petrostar Petroleum Corporation
8/14/2015Board Member Resignation and Adoption of Advisory Council
8/10/2015Petrostar Appoints New CFO
8/10/2015Amendment to Earlier Release
7/7/2015Petrostar Auditor Resigns, New Auditor Appointed
7/2/2015Petrostar Announces Results of AGM
3/10/2015Petrostar Shareholder Update and Subsidiary Company Report
2/12/2015Petrostar Director Resigns
2/9/2015IIROC Trading Resumption - WOW.P; PEP; AQ; MTH; LBI.H
2/4/2015Petrostar Selects New Director for Appointment
2/3/2015IIROC Trading Halt - PEP
12/12/2014Petrostar Signs Facility Supply Arrangement
12/10/2014Petrostar Development Strategy & Corporate Update
12/8/2014Petrostar Development Strategy
11/7/2014Petrostar CFO Resigns
10/23/2014Maverick Northstar Receives License Extension to Include DME...
10/16/2014LOMAC Canada Executes Distribution Agreement with Quadra Che...
10/16/2014Lomac Canada Executes Distribution Agreement
9/30/2014Petrostar Subsidiary Records First Sale
9/22/2014Debt Settlement Agreements
8/7/2014Petrostar Closes Lomac Canada Ltd. Acquisition
7/9/2014Petrostar Receives Development Permit
7/8/2014Petrostar CEO's Address
6/30/2014Petrostar Announces Results of AGM
6/4/2014Petrostar Executes Definitive Agreement for Lomac Aquisition...
6/3/2014Petrostar Launches Maverick Northstar Website
5/29/2014Petrostar Grants Incentive Stock Options
5/15/2014Petrostar Executes MOU with Maverick Synfuels for GTL Joint ...
3/10/2010ETH Field Tests Exceed Expectations
2/19/2010To Continue Bakken Development Program...
11/7/2009Enters into International Finance & Investor Relation Contra...
10/22/2009Receives CSA Approvals
9/29/2009Electric Tank Heater Update
9/11/2009Hires Petroleum Engineer and Gives Update
8/27/2009in Northern Equity Research
7/22/2009Elects new president
7/15/2009Voting & Lashburn Update
7/3/2009Receives Canadian Industrial Design Registration
7/31/2008Bakken Discovery Well Cased for Production
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