Company

Corporate Overview

By patiently developing its properties and assets, Petrostar Petroleum has more than tripled its daily oil production from 30 barrels per day to 100 bopd (April 2005 to October 2007).

The Company's property assets include 100% interest in 320 acre production field in Maidstone, Saskatchewan, and 100% interest in 160 acre production field in Lashburn, Saskatchewan. In addition, the Company acquired in November 2007 a Joint-Venture whereby it received a 51% WI and assumed Operatorship of a 640 Acre lease in Wilkie, Saskatchewan.

Petrostar Petroleum, through its 20.5% equity ownership of Vertizontal Energy Resources Inc., maintains its share of ownership of the Vertizontal Recovery System® (for more information on the VRS®, please go to www.vertizontalenergy.com). The VRS® is a patented and innovative method of hydrocarbon recovery through the integration of vertical and horizontal wells.

As well, through a royalty agreement with its inventor Nick Baiton, Petrostar Petroleum Petroleum holds 75% of the royalty rights for the patent-pending Down Hole Heating Device, a tool and system designed to generate heat within a reservoir, whereby downhole steam and pressure is created, stimulating enhanced flow of heavy oil. Under the terms of the royalty agreement, the Company has the right to patent, modify, test, commercialize and license the EOR technology and system.