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press release
Dec. 3, 2009, 1:00 p.m. EST · Recommend · Post:
Green Star Energies Enters Production Stage With the Connection of the Eberle #1
Geological Research Reveals That the Eberle #1 Has Recoverable Oil Estimated at 100,000 BBLS
VANCOUVER, WA, Dec 03, 2009 (MARKETWIRE via COMTEX) -- Green Star Energies, Inc. (PINKSHEETS: GSRE) is pleased to announce that the Eberle #1 well is currently producing after being connected to the newly installed tanks. The Eberle #1 is producing a mix of oil and natural gas coming out under its own pressure. The operator has stated that it will take a couple weeks of monitoring to determine the average production capacity of this well in its current zone.
Various tests will be run to maximize the flow rate of oil under current circumstances. The operator will install a pump on the well once the pressure permits it and in due time will continue drilling down to the next possible producing zone which is expected in the Buda Limestone.
"We eagerly await the final numbers on this well as we prepare for the next few steps for the company. This finished objective coupled with the newly discovered geological information has greatly increased Green Star's value as a Company," stated President Brandon Toth. "There will be a series of press releases forthcoming as the company receives production updates."
President Brandon Toth continued, "It was a great feeling to be on site with the well online producing oil for the first time. While onsite we took pictures of the tanks and separator as hooked up to the Eberle #1 well head. The most recent pictures have been posted to our website along with the geological recommendation published by Hal J. Basham, P.G."
http://greenstarenergies.com/eberle_photos
Here is a summarized outline of the newly obtained Recommendation Report:
"The Buda Zone and the Austin Chalk are two highly respected areas for high levels of production with records showing each zone having produced over 100,000 barrels of oil. In examining the completion cards of the recent wells drilled in the area surrounding the Eberle, I have come to the conclusion that the Buda Lime Formation has the greatest potential for oil. I recommend drilling to approximately 6500' then perforate and complete the well in the Buda Section. The Eberle well log interval has excellent resistivity and resembles other successful wells in the Buda. An excellent example was the Humble Oil & Refining - E.W. Jones #1 which was drilled 4.5 miles north of Eberle. Production documented 170 barrels of oil per day and producing a total of 21,823 of oil.
After that update it is a sure thing they don't have any oil or gas that is significant enough to sell for a profit. Talking about abandoning this level and drilling to a different depth is really a dishearting update. They are reaching for straws now trying to think up something to get more money to drill again. I don't think they will find any investors for that again as it was only a few months ago that they did the same thing with no results except for a PR that said production was above their expectations.
Nobody in business would hold good news back indefinetly, so nobody would make a deal that says they could never say how much oil they hit. The only reasons possible is they have no oil or they need the time to shuffle the paper work so the investor never see's a penny of it.
VANCOUVER, WA, Dec 03, 2009 (MARKETWIRE via COMTEX) -- Green Star Energies, Inc. (PINKSHEETS: GSRE) is pleased to announce that the Eberle #1 well is currently producing after being connected to the newly installed tanks. The Eberle #1 is producing a mix of oil and natural gas coming out under its own pressure. The operator has stated that it will take a couple weeks of monitoring to determine the average production capacity of this well in its current zone.
THIS SURE IS A LOOOOOOONG COUPLE OF WEEKS
"We eagerly await the final numbers on this well as we prepare for the next few steps for the company. This finished objective coupled with the newly discovered geological information has greatly increased Green Star's value as a Company," stated President Brandon Toth. "There will be a series of press releases forthcoming as the company receives production updates.
I guess they struck water and thought it was oil. The operator must have straightened them out and now they don't know what to put in the next Press release.
What ever kind of deal was done is total nonsense. This company said they had oil flowing almost two months ago and now they are totally silent. That spells
SCAM SCAM SCAM
If its not the company should put out an update on the Eberle well and they are not going to do that. So the only big thing happening here is some more people will never invest with these jerks no matter what they claim to hit.
VANCOUVER, WA, Dec 03, 2009 (MARKETWIRE via COMTEX) -- Green Star Energies, Inc. (PINKSHEETS: GSRE) is pleased to announce that the Eberle #1 well is currently producing after being connected to the newly installed tanks. The Eberle #1 is producing a mix of oil and natural gas coming out under its own pressure. The operator has stated that it will take a couple weeks of monitoring to determine the average production capacity of this well in its current zone.
It is no wonder why the price of this thing will not rise. For some unknown reason they will get the anticipation built up and then just drop the ball. The news said in a couple weeks they would know something on the flow numbers and three weeks have went by and they don't say anything. They started doing the things thay say they would do and then just vanish. ( frustrating )
You said it( PROJECTED). Eberle is producing,
One thing different Crow. Brandon is going thru with what he says. It might take a while but the Eberle proves he doesn't give up easily.
Bernie Madoff went broke too. Maybe you should check that out it means about the same.
Quite simple. All the numbers you talk about was projected and not real. Eberle is real and producing. This mangement is not the same management. You forgot to mention they might have hit oil back in the month of June 1939. I'm more interested in what will happen in 2010.
Thats what bashers try to do is create confusion. This company is just starting its first oil well with production. Hopefuly we will get some production numbers this coming week as they seem to be moving pretty fast. Usually it takes a month or more to get flow numbers. If the numbers are good you will be real happy with the rise in the PP. We are already doing great as most penny companies never do hit any oil. We only have to wait to see how much we hit.
VANCOUVER, WA, Dec 03, 2009 (MARKETWIRE via COMTEX) -- Green Star Energies, Inc. (PINKSHEETS: GSRE) is pleased to announce that the Eberle #1 well is currently producing after being connected to the newly installed tanks. The Eberle #1 is producing a mix of oil and natural gas coming out under its own pressure.
For me this is great news as this is the first time TNOG has went to the end and made it happen. The new management under GSRE is different than the old. It doesn't make much difference to me whether this well produces a lot of oil or not because in the future we now know GSRE will do what it says its going to do. That my friends is worth a lot.
A GREAT BIG PAT ON THE BACK TO THE MANAGEMENT for following this job thru.
After reading this board I wonder if there really is a Thanksgivings day. There doesn't seem to be any link provided to prove that. GSRE provides information on their company and a few on this board thinks somebody should provide proof that the company is telling the truth. Who cares if these few doesn't believe the company, they don't even use their own name let alone claim they know something about this company. If their hiding behind a fake name there is a good chance their info is fake too!
"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.
It seems rather strange that all the ducks are in order to produce gas and they change their mind. Point number one is they could be collecting some money while they prepare to redrill. Everybody knows they will come with all kinds of excuses of why the drill rig isn't there for the next six months or more. Point number two is the money they have already spent is now getting more and more interest built up. Point number three is they have no ability to get things done in a reasonable amount of time, so this redrilling could take more than a year to get done and oil could be back down by then and gas could be sky high. So I guess they will cancel the oil production and go back to gas. Isn't there anybody in this company or on the committee that has any business savy??????
That has to be a different company. Support at .74, its more like .0025
Because Brandon Toth has a proven history of stating expectations that have never come to pass.
Last time I checked the guy that got the NOBEL PEACE PRIZE is doing the exact same thing, or are the troops gone from Araq, prison closed in Cuba, no earmarks on signed bills and etc. Seems Toth is right on mark, nothing this other guy says ever happens either.
WOW!!! Are you ever off base. The whole rest of the world says that if you say you are going to do something, thats worth a prize and 1.4 million dollars. Why do you think Toth should be treated any differently?
Everyother Penny stock I have been in took the money from a sale and never mentioned the project again. GSRE seems to be doing the right things,just taking too much time to get it done. I still have hope. And don't say hope doesn't mean anything as I know a man that just got a NOBEL PEACE PRIZE and he hasn't done a thing except hoped for change!!!!!!
Mabe its like the big Ploom we was supposed to see on the moon this morning. I didn't see nothing but yet these scientist are already saying it was sucessful. Only in their mind like global warming and oil flowing from the Eberle well.
Question for the board.
The Company is pending release of an official update once confirmed by the Project Manager announcing the completion of the final steps of this objective.
Is the pending release on confirmation of the last few steps of courthouse records or the last few steps for the hook up? ( like hiring a contractor to hook it up )
Only three weeks left. I guess we will hear something pretty soon as the second deadline is almost here. I can't amagine that the company would let this lease go for nonperformance at this stage. The well is done, the right of way is secured and they have the money. They kind of put themselves over the barrel, there will be a hook up to the line or the cards on the table are fake. No other way to look at it.
There is one thing that holds a very strong argument against this being a scam is they had every opportunity in the world to do a reverse split and did not do that. In my book that is very credible, to have bought shares years ago in a penny stock and I still have the same amount of shares without selling any. This shows me that there is a high level of honesty here because ( believe it or not ) they are still fighting to get value for those shares instead of wiping them out and starting over. That means a lot to me and it should to all the long time holders.
There is pending announcements. No mention of the top priority of hooking up Eberle. New acquisitions seem to be mentioned a lot. I am at a total lose here. WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATS going on?????????
I wonder where Crow will spend his time next year. I'll bet he will be at a total lose. GSRE seems to be pretty much disapearing. Its been so long since the company put out any news that Big Charts doesn't show any at all, and with only one week left in Sept the new dead line to keep the lease is in jeopardy. It sure looks like the end is near.
When 7 or 8 months goes by on something that was supposed to be done in a month and the company says nothing more about it, the only rational conclusion is there was no plan in the first place. If the company would explain anything, that would let us know that things are not going as planned, at least that would let us know there is a plan. If they say nothing, what other conclusion could there be? If there was a plan there has been more than enough time to carry it out or say why its not working and what changes need to be implemented to make it work.
I sure wish Toth would at least say something about the Eberle well. If its dead say so. Its obvious there is no plans to hook it up as over a month ago there was supposed to be only 25k left to get to hook it up. The new dead line is coming fast and they don't seem to care.
In the Penny world of stocks there is not one enforcement agency that gives a hoot about these companies or what they do. There attitude is that the penny stocks are well known to be high risk and when you invest in them its your problem. They have bigger fish to fry. I thought it to be strange of anybody mentioning the SEC and etc. in the penny world.
Have you ever been around Penny stocks before?
I can't believe TSRR hasn't filed for a bail out. The number one qualification for a bail out is you have to be a big time
CROOK. This and many more penny stocks are 100% crooked so congress could throw at least a Trillion at the penny world. Look at all the jobs this would create. OH ya ( and save )
I think after the reverse split and then the big run that the company still has a lot of shares left. Even though I think they made a killing on the last run they should make another one to dump a bunch more. Greed is an unbelievable motivator and there is never enough money. When they will pump this again is the question. When they do I definitly will be gone as this last couple months of bleeding is unexcusable.
I guess we should get started on something new so Eberle can be forgotten.
Renewable Energy
Green Star Energies, Inc. has signed an acquisition agreement for an operational revenue-generating closed-loop green project in the Pacific Northwest. Due to the nature of the agreement, Green Star will not be able to release extensive detail or the name of the Company until the proxy has been approved. The acquisition will include a merger into a Green Star majority-owned subsidiary [subject to acquisition] whereas additional working capital will be raised.
The acquisition will include city contracts for delivery of bio solids, several real estate properties where the nonpetroleum fertilizer [bio solids] will be deposited, a trucking company which currently has the city contracts to transport the bio solids, the energy crops that were just harvested including Camelina which has been contracted by British Petroleum (NYSE: bp - news ), and the installation of up to 138 wind mills on one of the properties to join the wind farm already housed in the Columbia River Gorge. Assets currently booked by the Company prior to the acquisition of the Trucking Company exceed $1.7 M.
Sorry to say, but by the time they give us any news this thing will be at .001 so a five bagger only gives us a .005. Its too far gone to make any money here.
It looks like you are probably right. I can not figure out any rational for not hooking it up. With interest building and anticipation high it seems there has to be a reason for not hooking it up. With no answers from management that the money to hook it up is there, or coming and no updates it can only be that it is a dry well.
I always think that this thing is coming to head and then some new problem arises. The hook up of this well has been put off for months on some pretty weak excuses and with a month almost gone on the three month extention it looks like its not going to happen again. Pretty soon GSRE is going to have to either hook it up or sell their investment to somebody that will.
I don't know if Obama's raise on capital gains goes into effect this year or next year. If it starts next year I will wait til next year to sell HYGN as the deduction will be close to double of what I will have to pay on profits.
Breaking the .008 level is a pretty sure sign that nobody is there. Mail box full, no answers to contacts, no PR's and no report of revenues in the last quarter ( when they put out PR's that there was revenue in same quarter earlier) leaves us holding the bag again.
As slow as things happen around here Toth had better put things in high gear to meet the new dead line of the end of October. The first month is almost ticked away and and we still don't even know if there is enough money. Its been this way with this company for years, a two day job could take 6 months to a year. So he better get the contractor hired pretty soon as 8 or 9 weeks is not enough time to hook Eberle up. If this job is supposed to take 3 or 4 days it is already too late to get it done in time.
Not much chance of that. I've been in this for years and there hasn't been a reverse split and the new management also said very clearly that a reverse split is not on the table to be considered.