Drilling Rig Has Arrived and Commenced Drilling on the Eberle #1 Well
* Reuters is not responsible for the content in this press release.
VANCOUVER, WA, Oct 29 (MARKET WIRE) --
Green Star Energies, Inc. (PINKSHEETS: GSRE) is pleased to announce that
the rig arrived earlier this week in Bastrop County, Texas at the Eberle
#1 worksite. Since its arrival work has already commenced on the well,
moving it into production.
The Eberle is on the outskirts of the Giddings Field and is in close
proximity to Anadarko Petroleum's Central Texas operations which are
considered to be the most prolific in that region. A report created by
Anadarko Petroleum engineers reflect that the Northwest portion of the
Giddings Field as being the most productive with current technology. Both
Green Star's and Anadarko's wells are within this section.
The work to complete the Eberle #1 as an oil well is expected to take up
to two weeks. After the rig has reached its target depth and the well has
been finished we will enter the production phase of this project.
Consistent updates will be made available as reports are presented by the
operator to Green Star Energies. Yesterday, President Brandon Toth
surveyed the Eberle #1 progress and took the following pictures:
http://www.greenstarenergies.com/eberle_photos.html
"I am very excited to be able to see our hard work start to pay off with
the Eberle #1. I am meeting with some investors over the next few days to
show them a glance at some of the onsite activities and want to extend my
invitation to anyone who is interested in meeting with me. Due to the
expedited activities, shareholders should expect a series of updates as
work continues to near completion in the coming days," stated President
Brandon Toth.
ABOUT GREEN STAR ENERGIES, INC.
Green Star is an energy company with interests in oil and gas development
and production. Green Star follows an aggressive business model, focusing
on redevelopment of oil and gas fields with a history of production, and
also, exploration of green projects and businesses such as biodiesel and
wind power. Please visit our brand new website:
http://www.GreenStarEnergies.com.
Certain information included in this communication (as well as information
included in oral statements or other written statements made or to be made
by Green Star Energies, Inc.) contains statements that are
forward-looking, such as statements relating to the future anticipated
direction of the Oil and Gas Industry, plans for expansion, various
business development activities, planned capital expenditures, future
funding resources, anticipated sales growth and potential contracts.
These forward-looking statements are subject to a number of known and
unknown risks and uncertainties that could cause actual operations or
results to differ materially from those anticipated. Please read the full
disclaimer here: http://www.GreenStarEnergies.com/disclaimer.
Contact:
Green Star Energies, Inc.
Brandon Toth
President
Contact: 1-360-977-6820
Email: Email Contact
Copyright 2009, Market Wire, All rights reserved.
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