VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/14/12 -- Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD) (the "Company") is pleased to announce that the Company has placed on production its recently drilled and completed well situated on its Landrose property in west central Saskatchewan. Since being placed on production in late January 2012, the well has produced at an average rate of 50 bbls/d (25 bbls/d net to the Company as the Company holds a 50% working interest in the well) of heavy oil. As previously announced by the Company (see press releases dated November 17, 2011, November 30, 2011 and January 31, 2012) the Company participated in drilling, completing and equipping one (0.5 net) well located in the Company's core heavy oil operating area.
ALBERTA STAR DEVELOPMENT CORP.
The Company is a Canadian resource exploration and development company that identifies, acquires and finances oil and natural gas assets in Western Canada and advanced stage mineral exploration projects in North America. The Company has expanded its diversification into the oil and natural gas resource sector with the acquisition of revenue producing resource assets which compliments its existing, advanced stage mining interests. The Company is a junior heavy oil producer that is focusing on growing its production base and maximizing future production through its exploration drilling activities, production acquisitions and strategic asset acquisition both domestically and in the international arena. The Company's strong balance sheet is expected to enable the Company to continue to increase its production in the oil and gas sector.
Investors are welcomed to contact Mario Drolet MI 3 Communications Financiers Inc. at (514) 346-3813, the Company's Investor Relations specialists for all corporate updates, and investor inquiries.
Certain information in this Press Release is forward-looking within the meaning of certain securities legislation, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the production from the well.