TexStar executes LOI with Bima Sakti Energy

TexStar Oil Corp.

TexStar Oil Corp. (OTCBB: TEXS) has executed a letter of intent (LOI) with PT Bima Sakti Energy for the purchase of drilling and exploration rights of Bima Sakti Area–North Lampung field in Indonesia.

TexStar focuses on Indonesia and the North Sea, with existing prospects targeting exploration of oil and gas projects located near infrastructure and existing discoveries.

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