Friday, December 25, 2009 10:43:35 AM
Vancouver, WA -- Green Star Energies, Inc. (Other OTC: 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 continue drilling down to the next possible producing zone which is expected in the Buda Limestone.
So, it's connected and producing. Corpinfo should be providing us with the production and revenue figures any time now. Once we get those numbers we will probably skyrocket 10 - 20% above the current price. What a great return for investors who bought in upon the announcement of production. I have to hand it to Brandon Toth, he's really doing an excellent job of maximizing shareholder value. Just look at the trend of the share price since the PR touting production and you can see what I mean.
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