SOURCE: Tradestar Resources Corporation

January 25, 2007 08:00 ET

Tradestar Resources Announces Operations Have Begun to Recomplete Karnes County Prospect With Potential Reserves of 3-4 BCF Gas and 75-100 Thousand Barrels of Condensate

HOT SPRINGS, AR -- (MARKET WIRE) -- January 25, 2007 -- Tradestar Resources Corporation (PINKSHEETS: TSRR) announced today that operations have begun to recomplete the Janssen Prospect located in Karnes County, Texas. The Janssen Prospect will be recompleted in the existing vertical wellbore by a sidetrack drilling procedure at a depth of approximately 10,500 feet to test the Wilcox sand. Total reserves are estimated to be 75 to 100 thousand barrels of condensate and 3 to 4 BCF of Gas.

Tradestar is joint venturing this project with Bedford Energy from Oklahoma City and Penasco Petroleum from Austin, Texas. Tradestar's alliance with Proex and Penasco is to participate together in multiple joint venture projects for oil & gas development in Texas, Oklahoma, and Louisiana.

"We are on track to finish this procedure and put the well into production the first week of February," stated Tom Feimster, President of Tradestar. "We continue to focus on low risk prospects that can add long term cash flow to our company."

About Tradestar

Tradestar Resources Corporation is an independent energy company that is engaged in the exploration, development, exploitation and acquisition of on-shore and natural gas properties in conventional producing areas if the United States. Tradestar strives to enhance asset value by expanding oil and natural gas reserves raising production levels and increasing cash flow. Tradestar intends to foster its growth as an independent oil and gas company by investing in only proven producing wells. The company's web site is http://tradestar-corp.com

Contact Information

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