An unknown private company signed a letter of intent to acquire certain petroleum and natural gas assets from Petrostar Petroleum Corp. (TSXV:PEP) for CAD 2 million in stock on May 24, 2013. The deal includes divesting all interests in the Beaverhill Lake, Joarcam areas of Alberta and remaining Bakken interests. The deal is subject to regulatory approval and is conditional upon acquirer company successfully completing its listing in public market.

An unknown private company cancelled the acquisition of certain petroleum and natural gas assets from Petrostar Petroleum Corp. (TSXV:PEP) on December 13, 2013.