Gold Star Resources Featured in Afroil for Latest Onshore Opportunity in West Africa
March 24 2009 - 5:00AM
Marketwired
Canadian-listed Gold Star Resources Corp. (TSX-V: GXX)
(http://www.goldstarresources.com) is featured in the "Projects
& Companies" columns of Afroil -- Africa Oil & Gas Monitor,
an online publication of NewsBase Ltd., Edinburgh, Scotland (March
17, 2009, Issue 280, page 10) (http://www.newsbase.com) for the
junior company's latest onshore opportunity in West Africa, having
signed a letter of intent (LoI) with Bengal Bight Ghana to acquire
100% of the hydrocarbon rights to the Tiampoum mining concession,
approximately 1,000 square km, in Cote d'Ivoire, which was
announced by the company on March 9. In January GXX entered West
Africa when it bought a company with a Liberian license. Afroil,
which covers developments from the key African oil and gas
producing countries, is read by subscribers in more than 25
countries.
Patrick Morris, GXX's President and CEO, told Afroil, "Gold Star
is the first and only junior company to go after onshore oil and
gas in the region since the late 1970s, which is quite exciting for
us while the big players are focusing offshore. Onshore blocks have
been somewhat overlooked by the majors, mostly because of political
issues, which for the most part have been solved recently."
Morris elaborated on GXX's strategic decision "to secure a
portfolio of sections of land or blocks along the coast, assess the
reserves and hopefully provide something that would be of great
interest to one of the majors. In other words, we are doing the
legwork for them."
Morris also told Afroil that GXX is interested in Ghana,
encouraged by the offshore Jubilee field, which is considered one
of the largest reserves discovered in West Africa in the last 10-15
years.
The article also reports on a company announcement in January
2009 that GXX entered West Africa through an agreement to acquire
90% of the issued and outstanding shares of Liberia's International
Resources Strategies Liberia Energy (IRSLE). IRSLE holds the NR-001
license, which covers 1,366 square km within the Roberts and Bassa
basins of Liberia's south coast.
For further information, contact Patrick Morris, President and
CEO of the Company at: pm@goldstarresources.com Telephone: (604)
641-4450 Facsimile: (604) 669-9335
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
CONTACT: Patrick Morris President & CEO Gold Star Resources
Corp. (TSX-V: GXX) Pm@goldstarresources.com 604-641-4450
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