Category: News Releases Petrostar Receives United States Patent for Its ETH Zero CO2 Technology…
Petrostar (TSX-Venture: PEP, Frankfurt: LMQ; “Petrostar” or the “Company”) wishes to announce that on November 24, 2009, it has received from the United States Patent Office, US Patent (#D604,815), for its proprietary ETH (Electric Tank Heater) technology. The ETH now has received full CSA approvals, Canadian Industrial Design protection and now US patent approval.
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.
Petrostar Petroleum Corp has entered into a joint pilot project to test and evaluate Petrostar Petroleum Corp’s Electric Tank Heater. More details are expected to be available shortly as the testing continues and field data is compiled and results analyzed.
On behalf of the Board of Directors,
Bruce Scafe
President and Director
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words “expects”, “projects”, “plans”, and certain of the other foregoing statements may be deemed forward-looking statements. Although Petrostar Petroleum Corporation believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the development and production of oil wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of production operations; risks with respect to oil prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil prices and other risk factors.
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