Nanton, AB / ACCESSWIRE / September 30, 2014 / Petrostar Petroleum Corporation ("Petrostar" or "the Company") is proud to announce that Lomac Canada Ltd. a wholly owned subsidiary of Petrostar has initiated and completed the first commercial sales of methanol and chemical product in Western Canada.
Lomac Canada operates in conjunction with fellow Petrostar subsidiaries and third party corporations for logistics, wholesale/distribution, and trade of commodities. The company is in its final negotiations with a National Chemical corporation and anticipates the completion of a distribution licence in 4th quarter 2014.
R. Mackenzie Loree PEP CEO Stated "Petrostar is pleased with the ground work that the company has made with Lomac Canada and the completion of its 3rd quarter milestone. The company is poised to initiate an early entry into the oil and natural gas chemical market. Further development interests will align with PEP's investment interests for the purchase, sale and trade of petroleum and non-petroleum based commodities."
About Petrostar Petroleum Corp.
Petrostar is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.
About Lomac Canada Ltd.
Lomac Canada Ltd is a wholly owned subsidiary of Petrostar Petroleum Corp. Lomac is engaged in the logistics and marketing of goods and commodities. The company is also engaged in the development of transhipment and bulk facilities to handle, manage and repackage products for sale.
For further information, please contact:
Bruce Scafe, IR and Communications Officer
1-877-737-8864 or [email protected]
Alternate Contact.
Mackenzie Loree, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
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SOURCE: Petrostar Petroleum Corporation