Star Petroleum Corp.
PINK SHEETS : SPMP

Star Petroleum Corp.

March 24, 2006 09:15 ET

Star Petroleum Corp.: Engineers Fine Tuning Commercial Test Unit

CALGARY, ALBERTA--(CCNMatthews - March 24, 2006) - On behalf of Star Petroleum Corp. (PINK SHEETS:SPMP) (the "Company") President Rod Burns, P. Eng., reports that following operational tests of the Low Profile Fluid Catalytic Cracker ("LPFCC") at the end of last year by the developers of the Technology, the unit is being prepared for continued commercial evaluation. Engineers at Process Innovators ("PII") are fine-tuning the Commercial Unit in order to facilitate continuous operation.

Jim Vemich, President of PII, said "we continue to see a high level of interest in the operating characteristics of the LPFCC versus conventional technology. In particular, the lower capital cost of the LPFCC and the high local cat-to-oil ratios have continued to generate attention from companies both in the oil refining business and the catalyst supply business."

"We are very encouraged by the results of the most recent commercial testing and by the very high level of interest this new technology is generating," said Mr. Burns. "This project remains a primary focus for our company as we see opportunities for global applications of the technology within the industry and for commercial marketing of the process in the very near future," he continued.

About Star Petroleum Corp.

The Company is currently acquiring and venturing within the Oil and Gas sector, including development prospects and certain related Technologies. The initial focus and development will be on lower risk, high quality prospects which will provide the Company with a higher probability of success. Each of the projects currently under consideration will be described in greater detail in the near future.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Star Petroleum Corp.
    Rod Burns
    (877) 782-7583