DENVER and CALGARY, Alberta -- Starchild Energy Systems Ltd. (Starchild), a Calgary-based oil and gas company engaged in the exploration and production of oil and gas in Western Canada, has retained Petroleum Place to market its farmout exploration property located in southern Alberta.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000925/PETROLOGO )
Starchild has assembled a significant block of petroleum and natural gas leases in excess of 7,200 hectares (17,700 acres) in the Triangle Zone of the Rocky Mountains of southern Alberta. An additional amount of adjacent freehold/crown acreage in excess of 24,000 hectares (60,000 acres) is also available within the 123-section Area of Mutual Interest (AMI). There are only fifteen wells located in the AMI; six of the fifteen wells represent relatively shallow cable tool tests drilled prior to 1922. The combined gas reserves potential (unrisked) of the multiple zone prospects exceeds 200 BCF, while the oil potential (unrisked) is several tens of millions of barrels. The farmout includes a ready-to-drill prospect (lease is prepared), and an infill seismic program, both of which qualify as flow through exploration expenses.
This opportunity is being marketed by Petroleum Place through AssetExplorer, an integrated e-marketing services and technology platform. Prospective buyers may review detailed property information including geological, geophysical, petrophysical, drilling, engineering and production data online through the Starchild electronic data room (EDR) hosted within AssetExplorer on the Petroleum Place Web site ( http://www.petroleumplace.com/ ). AssetExplorer provides broad market exposure for assets, reduces cycle time and enables efficient buyer screening and qualification.
For additional details, interested parties are invited to contact Gary Litschke, president of Starchild, at (403) 269-1234 or Susan R. Eaton, geophysical consultant, at (403) 605-0159.
About Starchild Energy Systems Ltd.
Incorporated in 1980, Starchild is a private oil and gas firm headquartered in Calgary, Alberta. Starchild and its affiliated companies have production in Alberta, Saskatchewan and Manitoba. In the past, Starchild has also had production in the United States.
About Petroleum Place
Petroleum Place provides Internet technology, property marketing services, and operations and accounting software for the upstream energy industry. The Petroleum Place portal ( http://www.petroleumplace.com/ ) was launched in 1995 and is one of the most established and visited sites within the upstream energy industry. Through its Web site, Petroleum Place brings process efficiencies to each stage of the oil and gas property lifecycle -- streamlining the marketing, evaluation, acquisition, divestiture, and financial management of petroleum assets.
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CONTACT: Gary Litschke of Starchild Energy Systems Ltd., +1-403-269-1234, garyl@geodata-x.com; or Kim Pickett of Petroleum Place, Inc. +1-303-390-9416, kpickett@petroleumplace.com
Web site: http://www.petroleumplace.com/

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