SOURCE: Market Pulse

November 15, 2007 08:45 ET

Market Pulse Breaking News Alert for Thursday, November 15, 2007: PEP - Petrostar Petroleum Announces Successful 2 Well Drilling Program Completed and Reports on Its Developments!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - November 15, 2007) - Market Pulse News Alert for this AM, Stocks to Watch are: Petrostar Petroleum Corporation (TSX-V: PEP), Qualcomm Inc. (NASDAQ: QCOM), E-Trade Financial Corp. (NASDAQ: ETFC) and Canadian Solar Inc. (NASDAQ: CSIQ).

Investors need to be watching Petrostar Petroleum Corporation (TSX-V: PEP) this AM! Petrostar Petroleum Corporation is an independent government licensed Oil & Gas Operator focused on the development of existing and proven heavy and medium crude oil assets utilizing patented and patent pending Drilling and Recovery Systems and other proprietary technology to enhance oil recovery. Petrostar pursues a balanced strategy combining production and development of Enhanced Oil Recovery technologies. Petrostar has two EOR technologies (the Vertizontal Recovery System (VRS®) and Enhanced Recovery System (ERS - Down Hole Tool (DHT)) that can be integrated with each other and to existing in-situ applications, allowing for maximum technological efficiencies. The VRS® has licensing opportunities for medium to larger sized projects that are well capitalized while the DHT has licensing opportunities for small to medium sized projects. Petrostar is 100% owner and operator of the 320-acre Maidstone Oil prospect located in Central Western Saskatchewan which includes the petroleum and natural gas rights. Currently, there are eight producing vertical wells on the Maidstone property. The company has initiated an aggressive $4 million work-over program to further develop the prospect and increase recovery volumes of the oil reserves and enhance the value of the prospect. The undiscounted cash flow for the project, based on constant oil price of $35 per barrel and capital investment in further developing the prospect of $4.0 million and project life of 30 years, is estimated at $41.5 million. Petrostar has added two horizontal wells with the approximate distance of 1,200 meters each into the reservoir and is initiating a pressure maintenance system. The initial production rate of the two horizontal wells is estimated at 250 to 300 barrels of oil per day. Petrostar also holds working interest in two leases located south of Calgary, Alberta. The Turner Valley Project and the Kew Field Oil and Gas Project are thought to be an extension of storied and prolific oil and gas field, having had historical production. Turner Valley has produced over 150 million barrels of oil and has dissipated over three trillion cubic feet of natural gas. In the process of completing the first three phases of testing the VRS®, the company has successfully tripled its production and expects production to increase significantly once phases 4 and 5 are completed. With oil futures maintaining its current price, advances Petrostar Petroleum Corporation has made in 2006 and will be making in 2007, the present and future of the company and its shareholders look very promising. Petrostar Petroleum Corporation is poised to become a significant player in the oil and gas exploration industry! Petrostar just had excellent news out in a press release before today's opening bell announcing a successful 2 well drilling program is completed and their joint venture with Trigas Ventures Ltd. is also completed! Investors need to go to the company's website and review this exciting technology! This could be great news for investors!

Petrostar Petroleum Corporation (TSX-V: PEP) is pleased to announce the following developments:

--  The completion of Well A-16-T-6-48-23W3 to a depth of 514.7 meters
    into the Waseca zone on its Maidstone property;
--  The Waseca "B" sand returned a flood of oil sand and abundant heavy
    oil in the drilling mud and sample wash;
--  The completion of Well 08-15-048-24W3 to a depth of 545.5 meters into
    the Waseca zone;
--  The Waseca sand returned a flood of oil sand and abundant heavy oil in
    the drilling mud;
--  Production facilities are being moved and installed on the locations
    and flow and production rates for both completed wells will be available in
    the near future.
--  Well A7-15-48-24W3 is scheduled for a work-over starting November 14,
    2007 and results of the program will be available shortly.

Additionally, the Company has completed its joint venture with Trigas Ventures Ltd. Of Major, Saskatchewan to acquire a 51% interest in leasehold 8-11-39-20W3M located in West-Central, Saskatchewan. The lease contains a non-producing well in C8-11-39-20W3M and is 40 acres in size allowing for the drilling of 3 additional wells on the property. The lease is located in a North-South trending channel which contains heavy oil in the McLaren Formation. The formation contains 7-9 ° gravity oil which is comparable to the heavy oil being produced in the tar sands of Fort McMurray, Alberta. The well will be the subject of Petrostar's DHT (Down-Hole Tool) technology and will be re-entered and equipped with Petrostar's new 2nd generation more powerful DHT unit which is expected to be available for this location within the next 30-45 days weather permitting. Under the terms of the agreement Petrostar will advance the sum of $ 25,000.00 to Trigas for a 51% ownership in the lease and Petrostar will become the operator of the project. Petrostar will receive 100% of all funds expended for development and operating until payout at such time Trigas will be responsible for its 49 % share of any costs incurred.

Stocks in the news and acting well as of late include: Qualcomm Inc. (NASDAQ: QCOM), E-Trade Financial Corp. (NASDAQ: ETFC) and Canadian Solar Inc. (NASDAQ: CSIQ).

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