WellStar Energy Corp. says that the first well has been drilled and the second well has been spud on its anticipated primary non-operated joint venture (JV) in Dunn County, North Dakota. The Company expects to have a 40% working interest in each of the wells upon completion of the acquisition from a private Colorado corporation (the "Vendor") of certain non-operated oil and gas properties consisting of approximately 18,271 gross (7,273 net) contiguous acres located in North Dakota (the "Assets") which will constitute a "fundamental acquisition" (the "Acquisition") for the Company under the policies of the TSX Venture Exchange (the "TSXV").

In addition, two wells have recently been drilled and completed in the Bakken formation on the Company's anticipated secondary joint venture lands, which are contiguous to the primary joint venture but have a different operating partner. The wells are currently producing from two drilling units in which the Company has a potential 12.497% and a 5.208% working interest.

Tags: WellStar Energy Corp.