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Petrostar Petroleum Corporation

Publié le 03 juillet 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

PRODUCTEUR
CODE : PEP.V
ISIN : CA71676D2041
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Petrostar est une société de production minière de pétrole basée au Canada.

Son principal projet en production est MAIDSTONE au Canada et son principal projet en développement est LASHBURN SOUTH au Canada.

Petrostar est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,3 millions CA$ (977 832 US$, 867 631 €).

La valeur de son action a atteint son plus haut niveau récent le 15 août 2008 à 0,70 CA$, et son plus bas niveau récent le 27 avril 2012 à 0,01 CA$.

Petrostar possède 51 350 000 actions en circulation.

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Rapports annuels de Petrostar Petroleum Corporation
2007 Annual Report
Financements de Petrostar Petroleum Corporation
12/01/2010Private Placement Completed... 2 DHT Projects Under Review.....
25/06/2009Farmout Agreement Announced... Private Placement Completed.....
05/06/2009DHT Unit Delivered to Oilsands Quest Inc.... ETH Update... P...
Communiqués de Presse de Petrostar Petroleum Corporation
14/08/2015Board Member Resignation and Adoption of Advisory Council
10/08/2015Petrostar Appoints New CFO
10/08/2015Amendment to Earlier Release
07/07/2015Petrostar Auditor Resigns, New Auditor Appointed
02/07/2015Petrostar Announces Results of AGM
10/03/2015Petrostar Shareholder Update and Subsidiary Company Report
12/02/2015Petrostar Director Resigns
09/02/2015IIROC Trading Resumption - WOW.P; PEP; AQ; MTH; LBI.H
04/02/2015Petrostar Selects New Director for Appointment
03/02/2015IIROC Trading Halt - PEP
12/12/2014Petrostar Signs Facility Supply Arrangement
10/12/2014Petrostar Development Strategy & Corporate Update
08/12/2014Petrostar Development Strategy
07/11/2014Petrostar CFO Resigns
23/10/2014Maverick Northstar Receives License Extension to Include DME...
16/10/2014LOMAC Canada Executes Distribution Agreement with Quadra Che...
16/10/2014Lomac Canada Executes Distribution Agreement
30/09/2014Petrostar Subsidiary Records First Sale
22/09/2014Debt Settlement Agreements
07/08/2014Petrostar Closes Lomac Canada Ltd. Acquisition
09/07/2014Petrostar Receives Development Permit
08/07/2014Petrostar CEO's Address
30/06/2014Petrostar Announces Results of AGM
04/06/2014Petrostar Executes Definitive Agreement for Lomac Aquisition...
03/06/2014Petrostar Launches Maverick Northstar Website
29/05/2014Petrostar Grants Incentive Stock Options
15/05/2014Petrostar Executes MOU with Maverick Synfuels for GTL Joint ...
10/03/2010ETH Field Tests Exceed Expectations
19/02/2010To Continue Bakken Development Program...
07/11/2009Enters into International Finance & Investor Relation Contra...
22/10/2009Receives CSA Approvals
29/09/2009Electric Tank Heater Update
11/09/2009Hires Petroleum Engineer and Gives Update
27/08/2009in Northern Equity Research
22/07/2009Elects new president
15/07/2009Voting & Lashburn Update
03/07/2009Receives Canadian Industrial Design Registration
31/07/2008Bakken Discovery Well Cased for Production
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