Petrostar Petroleum Corporation: Bakken Discovery Well Cased for Production
Petrostar Petroleum Corporation announced a new discovery well (A3) in an area of SE Saskatchewan not being currently drilled by other producers.
The well encountered 19m of pay locked in a sandstone formation with excellent porosity and good permeability. A3 is expected to flow on its own (light oil), and may not require stimulation. The importance of this discovery is that it was found in a sandstone formation and the Company is confident that no water issues will need to be addressed; which is the case with other Bakken discoveries. The Company has now moved the drilling rig to its next location and will announce details shortly. Petrostar will test A3 and bring it on production over the next few weeks.
The leases are located in the SE Saskatchewan extension of the prolific Bakken oil play that covers Southern Alberta, Saskatchewan, Manitoba and Montana & North Dakota in the USA.
The Company is continuing to locate and has acquired substantial PNG rights to additional lands within the general area of the Bakken play and Petrostar’s general area of interest.
Contacts: Petrostar Petroleum Corporation 604-662-3005, ext. 105 thorgauti@petrostarpetroleum.ca
http://www.petrostarpetroleum.ca
