Petrostar Moves Forward with Farrow Distillation Corp.
August 06 2013 - 4:10PM
Access Wire
August 6, 2013 -
Vancouver, BC - Petrostar Petroleum
Corporation (TSX-Venture:
PEP; "Petrostar" or "the Company") is pleased to announce that it
will proceed with the development of Farrow Distillation Corp.,
independently, and will hold 100% of its common shares.
The Company is currently working on the
permitting and licensing of the facility site to allow the refinery
to eventually process up to 10,000bpd, with the initial stage of
the plant capacity slated to process 2,500bpd. Additional capacity
will be developed over the course of the
project's life
span.
For additional information on the project
please visit www.farrowdistillationcorp.com. Updates on the facilities progress will be
added periodically.
"Even
with the
expiration of the Nepco JV, Petrostar is undeterred in seeing its
Farrow development through to production. Petrostar's intention is
to use the Farrow, Alberta site as a show case facility to generate
investment and shareholder interest in the projects, and present
the operations they are (and have) invested in.
We maintain our devotion to corporate
accountability to follow up our objectives, while limiting needless
spending and overhead costs.
Farrow Distillation will be releasing
news and key milestones through its parent company on an ongoing
basis to keep stake holders aware of its development.
Regards,
R.M. Loree"
About
Petrostar Petroleum Corp.
Petrostar is a Tier 2,
Canadian-based, oil and gas exploration company trading on the TSX
Venture Exchange, with property assets in Alberta and
Saskatchewan.
For further information, please contact:
Bruce Scafe, IR and Communications
Officer
Tel: 1-877-737-8864 or
bscafe@petrostarpetroleum.com
Alternate contact information:
Deanna Sauve
Corporate Compliance Officer
Tel: 604-568-4350
or info@petrostarpetroleum.com
Neither the TSX Venture Exchange nor
its Regulation Services Provided (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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