Aug 21st, 2012 Copyright (c) 2012 Thenewswire.ca - All rights reserved.
(via Thenewswire.ca)
Petrostar Petroleum Corporation ("Petrostar" or "the Company") is pleased to announce that the Company has started - and completed - testing of its semi-exclusive Booster technology.
Elmdale Resources granted Petrostar permission to use well 06-32-018-25W4M for two weeks to place the well bore on an in-line production test using the Company's Booster technology.
During the testing process, an internal electronic gas flow measurement device is utilized to monitor production volumes. The production stream is then split and used as field gas to run the test Booster Unit throughout the testing period. Excess natural gas production is discharged into the existing sales line.
Pre Test Production DataTest Production Data
Production Rate: 40 Mcf/day Tested Production Rate: 183 Mcf/day
Flowing Pressure: 12 PSIFlowing Pressure: 20 PSI
Increase in production: 143 Mcf/D or 458%
Petrostar is now in the process of testing Elmdale's second well (see news release dated August 16, 2012). Pending the production capabilities proven through the Booster technology, management feels the Herronton Property will be an excellent candidate for a future micro power generation facility.
An additional overview of the Booster technology can be found on the Company's website at www.petrostarpetroleum.com under the technology tab.
Petrostar is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange. The long-term objective of management is to aggressively seek properties with high potential that can be advanced with minimum expenditures. The policy of the Company is to lower shareholders' risk exposure to various stages of exploration by entering into joint ventures with third parties or acquiring projects that the Company can operate as the sole owner-operator.
For further information, please contact Bruce Scafe, IR and Communications Officer, at 1-877-737-8864 or bscafe@petrostarpetroleum.com.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2012 Thenewswire.ca - All rights reserved.
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