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HORIZONTAL DRILLING: Newstar Resources, Inc. Sets Georgetown Drilling Program.

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| September 01, 1998 | COPYRIGHT 1998 BCC Research. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Newstar Energy of Texas, L.L.C. (15311 Vantage Pkwy. W., Suite 330, Houston, TX 77032; Tel; 281/59-3893), the gulf coast operating arm of Newstar Resources, Inc. (Houston, TX) has reviewed the data from its 32 square mile 3-D seismic survey on its Madisonville project in East Texas and has identified several shallow objectives with the potential to generate substantial reserves and production in the near term at relatively moderate costs.

This prospect is in the heart of Newstar's Madisonville Field project. All of the prospective acreage has been shot with 3-D seismic, identifying a minimum of 6 and as many as 10 potential locations for the application of horizontal drilling technology. Plans are now ...

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