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Petrostar Books First Electric Tank Heater Sale
Oct. 12, 2010 (TheNewswire.ca) --

October 12, 2010 - Victoria, BC - Petrostar Petroleum Corp. (TSXV:PEP) (TSX-V: PEP)("Petrostar" or "the Company") is pleased to announce the first commercial sale of its Electric Tank Heater (ETH) technology.

SR Rentals of Elk Point, Alberta has agreed to purchase 2 ETH units to be delivered immediately. These units will generally be used in SR Rentals' tank rental business, and specifically used to heat drilling fluid tanks on drill rigs during the winter season. As reported in an earlier news release, the purchase of these heaters validates the success of the test that was conducted last winter on an active rig. Petrostar's management believes that this is the important first sale and will trigger many future sales. Even though this sale is small, it is significant in that it proves Petrostar's heater technology works and is reliable under a demanding situation. As these heaters begin to roll out, the industry will see that there is a safer, more reliable, more environmentally friendly, and a more cost effective way to heat all manner of tanks used for different applications. The tank heater is not limited to the oil and gas industry. Any industry that requires heated fluid can use the technology. For example, waste management, drill rigs, above-ground oil tanks and above-ground water tanks.

The value of this sale was agreed upon during the test period and totals $30,000 CAD plus tax. A discount was offered to SR Rentals for facilitating the test. All future sales will now be booked through Petrostar's master distributor, King Energy of Winnipeg, Manitoba. The units will retail for $26,000 each, which is cost comparable to other methods of heating.

About SR Rentals

SR Rentals provides oilfield equipment to some of Canada's largest energy companies. This includes floc tanks and flare tanks, open top storage tanks, storage tanks with steam lines, as well as many other types of innovative and customized equipment. You can visit their website at www.srrentals.ca.
 
aus der Diskussion: PETROSTAR PETROLEUM ---- Unentdeckter Ölexplorer
Autor (Datum des Eintrages): algenrepublik  (12.10.10 15:24:32)
Beitrag: 2,131 von 2,279 (ID:40305641)
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