TrueStar Petroleum Corporation

TrueStar Petroleum Corporation

November 08, 2005 12:05 ET

TrueStar Gives Operations Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) - TrueStar Petroleum Corporation (TSX VENTURE:TPC) is pleased to provide an update on recent drilling activity and subsequent operations in the Barnett Shale, Denton and Tarrant Counties.

The recently announced Cates Partners 2H horizontal well (Denton County, Texas), which has been drilled and recently fracture stimulated, has now been placed on production for the initial cleanup and fracture stimulation flowback phase. The Company anticipates reporting production rates when the well has stabilized in the near future. The Company owns an approximately 41.29% Working Interest in the well.

The recently announced Prairie Meadows #1H horizontal well (Tarrant County, Texas), which has been drilled, is awaiting fracture stimulation and is also expected to be placed on production for cleanup and flowback soon thereafter. The frac pit has been constructed and is being filled with water. Trinity owns an approximately 55.00% Working Interest in the well.

The recently announced Hennessey #1H horizontal well (Tarrant County, Texas) is currently drilling below 5,200 feet. Trinity owns an approximately 43.75% Working Interest in the well; approximately 37.09% Working Interest if Eagle Oil & Gas elects to exercise its option to acquire a Working Interest in the well.

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 and completing, 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 NM: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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