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Suit Filed by Eagle Oil & Gas
TrueStar Petroleum Corporation announces that
Eagle Oil & Gas has filed suit in Texas against the Company alleging a
Breach of Promissory Note.
"It is the Company’s position that this
note has been satisfied through the 2006 issuance of stock as per the August
23, 2004 agreement with Eagle," stated TrueStar Chairman and CEO Dick
Shuster.
TrueStar has fully disclosed this issue in
its audited financial statements.
About TrueStar
TrueStar Petroleum Corporation is an oil and
gas exploration, development, and production company. TrueStar has
interests in 34 producing gas wells in the Barnett Shale gas play in Texas and
a 10% interest in a license for oil and gas development on 554,000 acres in
Guatemala, and is waiting the reassignment of the remaining 90% interest in the
554,000 acre License. Working interest partners in Texas include publicly
listed Devon Energy (NYSE: DVN), Carrizo Oil & Gas (Nasdaq NM: CRZO), and
EnCana (NYSE: ECA). Additional information on TrueStar Petroleum
Corporation is available at http://www.truestar-petroleum.com
For
further information:
TrueStar Petroleum Corporation
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Dick Shuster,
(303) 893-2100 (O)
(303) 893-2101 (F)
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dshuster@truestar-petroleum.com
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Canada Office
(604)
669-6952 (O)
(604) 669-6331 (F)
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Cindy Newton, Secretary VP
Administration
info@truestar-petroleum.com
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ON BEHALF OF THE BOARD OF
DIRECTORS
"Dick Shuster"
Dick
Shuster
Chairman & CEO
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