Tank Installations Is the Final Step to Produce Oil at the Eberle #1
VANCOUVER, WA--(Marketwire - November 6, 2009) - Green Star Energies, Inc. (PINKSHEETS: GSRE)
is pleased to announce this operations update for the Eberle #1 in Bastrop
County, Texas. Under the direction of the Project Manager an additional
round of funds were wired to the operator for the production equipment
including the tank and separator.
As per the latest report from the Operator he is now waiting for the
completion of the tank and separator installation which will be immediately
followed by oil production from the Eberle #1. The operator was not able
to install a pump jack on the well immediately due to the significant oil
and gas pressure at the well head. Once the tanks are installed oil
production will start under its natural flow for a continued period of time
until the operator is able to install the pump jack.
All oil sales will be completed as the tanks are filled and are being sold
directly under contract through our operator, Tejones Operating to TETCO
(http://www.tetco.com) a San Antonio company with convenience store
operations and petrochemical distribution which are the company's primary
revenue sources, with significant interests in oil and gas exploration,
real estate development, and paving and utility construction.
"Production at the Eberle #1 marks a significant event for Green Star
Energies investors and management alike. This will pave the way to
additional development and acquisition plans which we have been waiting
for, to completion of this objective," stated Brandon Toth.
There has been significant geological evaluation done in the recent weeks
providing new information that is expected to increase the life of this
well and its secondary development plans. The new geological data
including information about various depths and offset wells to the Eberle
#1 is proving it to be more valuable than anticipated. The details as
presented by the operator will be published in a press announcement
expected early next week.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact:
Green Star Energies, Inc.
Brandon Toth
President/CEO
Contact: 1-360-977-6820
Email: Info@GreenStarEnergies.com