TrueStar Petroleum Corporation: Property Sale Closes
12 June 2008 - 8:20AM
Marketwired Canada
TrueStar Petroleum Corporation (TSX VENTURE:TPC) announces that they have closed
on the sale of the majority of the assets in the Barnett Shale, LLC subsidiary,
originally announced in the news release of May 27, 2008. Interests in 32 of the
34 wells were sold to Fort Worth based GEV Group (Global Energy Partners LP).
Two wells were retained by TrueStar pending resolution of lease assignment
issues.
About TrueStar
TrueStar Petroleum Corporation is an oil and gas exploration, development, and
production company. TrueStar has two producing gas wells in the Barnett Shale
gas play in Texas and a 10% interest in a license for oil and gas development on
554,000 acres in Guatemala, and is waiting the reassignment of the remaining 90%
interest in the 554,000 acre License. Additional information on TrueStar
Petroleum Corporation is available at http://www.truestar-petroleum.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Dick Shuster, Chairman and CEO
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