SOURCE: Tradestar Resources Corporation

October 12, 2006 08:15 ET

Tradestar Resources Announces Texas and Louisiana Remedial Well Workovers -- Update in Operations

HOT SPRINGS, AR -- (MARKET WIRE) -- October 12, 2006 -- Tradestar Resources Corporation (PINKSHEETS: TSRR) is pleased to announce that during the last two weeks, the company has put on line the Hysaw Hobson #6A in Karnes County, Texas. The Hysaw Hobson Field is expected to average 45 Barrels of Oil Per Day and net 1300 Barrels in October.

The Company has also begun a comprehensive remedial work over plan for their property holdings in the "Delhi South Field" located in Franklin and Richland Parishes, Louisiana. Workovers have already been completed on the Holt #10 (resulting in 14 barrels oil per day). The Holt #24 and the Strahan #1 will be on line this week with production results to be reported soon. Additional remedial well workovers and lease equipment improvements in the field are planned and scheduled over the next few weeks.

Tradestar Resources Corporation President Tom Feimster said, "Growth is our main goal. The company's production levels are steadily increasing, while targeting new horizons and further developments."

About Tradestar Resources Corporation

Headquartered in Hot Springs, Arkansas, Tradestar Resources Corporation is a publicly traded company (PINKSHEETS: TSRR). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primarily on existing marginal fields. Once acquired, the company intends to further develop each property to maximize the income from each by refurbishing and improving the existing production. The company's web site is http://tradestar-corp.com

Forward-Looking Statements

This release contains forward-looking statements with respect to the results of operations and business of Tradestar Resources Corporation which involve risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The Company intends that such statements about the Company's future expectations, including future revenues and all other forward-looking statements be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

  • Contact:
    Tradestar Resources Corp.
    501-423-3005