TrueStar Petroleum Corporation

TrueStar Petroleum Corporation

November 15, 2005 15:40 ET

TrueStar Announces New Well

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2005) - TrueStar Petroleum Corporation (TSX VENTURE:TPC) is pleased to announce that it has executed an Authorization for Expenditure to participate in the Hunter #1H horizontal well (Denton County, Texas). The Company owns an approximately 43.75% Working Interest in this new horizontal well, subject to the right of Eagle Oil & Gas Co. to participate on a non-promoted, non-carried basis as an approximately 6.66% working interest owner. Eagle Oil & Gas Co. has exercised its option on the recently announced Hennessey #1H horizontal well. Both the Hennessey #1H and the Hunter #1H horizontal wells are in the Henrietta Creek Prospect area.

This is the 5th new horizontal well that the Company has announced since resumption of its development program in the Barnett Shale in October 2005.

About TrueStar

The Company's focus is on the efficient development of hydrocarbons in North and Central America while maintaining high standards of environmental responsibility. TrueStar now has interests in 27 producing natural gas wells (19 vertical and 8 horizontal), 1 horizontal well drilled, completed, and on production for the initial cleanup and fracture stimulation flowback phase, 1 horizontal well drilled awaiting completion and one horizontal well drilling. Working interest partners involved in the Company's various acreage holdings include publicly-listed Devon Energy (NYSE:DVN) and Carrizo Oil & Gas (NASDAQ:CRZO), along with other privately-held entities. TrueStar Petroleum Corporation is an oil and gas exploration and development company.


Charles A. Kohlhaas, Chairman of the Board

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

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