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Company Examines Additional Benefits of Low-Profile Fluid Catalytic Cracking Technology

Posted on: Monday, 5 June 2006, 15:00 CDT

On behalf of Star Petroleum Corp. (the "Company") (PINK SHEETS: SPMP) President Rod Burns, P. Eng., reports further details on developments with the operations and testing of the Low Profile Fluid Catalytic Cracking (LPFCC) process.

The Company's development partner, Wellborn Energy Corp., reported to Star Petroleum that engineers representing oil interests in various western states and representatives from Process Innovators, Inc. ("PII") met last week to review additional analysis generated from the successful test runs of the LPFCC conducted recently by PII engineers. Discussion centered on the application of the LPFCC as a field unit. It was determined that this application has exciting possibilities as there are many thousands of capped wells within the United States which up to this point were not financially feasible to operate. The LPFCC technology addresses the historic problem of higher lift-cost-per-barrel and lower-value end product delivered.

Proper utilization of the LPFCC as a field unit offers a number of significant advantages. Application of the technology means that heavy oils and waxie crude could now be processed in the field to deliver higher-quality, and significantly more exploitable products for refining. The ability to break down heavy and waxie crude in the field increases the value of the delivered product and facilitates tremendously in the transportation of these products to the refinery.

Russell Heaton of Wellborn, commented, "We continue to find new applications of the LPFCC technology and believe that these represent only the beginning of a stream of value-added usages. We are eager to pursue this and all other identifiable applications of the technology because of the obvious benefits it can bring in increasing the efficiency of the utilization of our existing resources and in helping to assuage in part some of the energy crisis that we are facing in the world today."

About Star Petroleum Corp.

The Company is currently acquiring and venturing within the Oil and Gas sector. The initial focus and development will be on lower risk, high quality prospects which will provide the Company with a higher probability of success. The Company has additionally acquired interests in certain Oil & Gas related technologies to broaden the corporate opportunities within the industry.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Source: Business Wire

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