Rock Ridge Resources, Inc. (RRRI)

[rickyracer]

In this PR from Brandon, dated 7-9-09, he stated that they had a 90 day extension from the end of July, 09 to get the well in production or the lease would terminate by default. So I guess it is safe to say they lost that now unless they got another extension or a new lease?



Green Star Energies Inc.
10000 N.E. 7th Avenue, Suite 100-C Vancouver, WA 98685
Website: http://www.greenstarenergies.com
1
Green Star Energies Inc.
10000 N.E. 7th Avenue
Suite 100-C
Vancouver, WA 98685
Phone: [phone]
Website: http://www.GreenStarEnergies.com
Dated: 07-09-09
EBERLE, TEXAS UPDATE REPORT
MISSION STATEMENT
The current mission statement of Green Star Energies, Inc. is to facilitate $100,000 to
complete the Eberle well connection to the gas purchaser and begin at once to produce
gas and oil from the well for the benefit of Green Star Energies, Inc. in the amount of
approximately 51%* of the net working interest.
*to be negotiated
FINANCING
As of this publication we have received enough capital and confirmed incoming pledges
to total approximately $75,000 out of the required $100,000 that is needed to connect the
pipeline to the purchaser. As stated in the Stockholder Committee Letter dated 07-09-09
we just need another $25,000 to be able to complete the task. We are now accepting any
amount in $500 increments above $1,000 on the Convertible Promissory Note.
LEASE STATUS
We were originally told that we had until the end of July to complete the connection or
the lease by default would terminate. The agreement was structured whereas if we didn’t
produce for a period of two years that they would get the lease back. As of publication
the Eberle’s operator has confirmed to us that he has received verbal agreement from the
Eberle lease holders to grant us a 90 day extension to get production started. He has sent
out documents to be executed, and expects them back by next week. We will not release
any funds from the account until we have written confirmation of the extensions.