TexStar Oil announces oil drilling and exploration plans in Indonesia

Source:TexStar Oil Corporation

TexStar Oil announces oil drilling and exploration plans in Indonesia

TexStar Oil Corporation (OTCBB: TEXS) announced today that the Company 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.

“We are very pleased to be moving forward with our plans of making a long term investment into the exploration and development of on-shore and off-shore oil & gas prospects in Indonesia. Our management’s operations experience in the region, combined with our local partner’s relationships and knowledge of the target fields, makes this an ideal business case for years to come,” said Nathan Halsey, Chairman of TexStar Oil Corporation.

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