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Petrostar Moves Forward with Farrow Distillation Corp.
(via Thenewswire.ca)
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"
(via Thenewswire.ca)
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"
