InvestorsHub Logo
Followers 12
Posts 1368
Boards Moderated 0
Alias Born 07/31/2005

Re: None

Thursday, 09/15/2011 12:39:34 PM

Thursday, September 15, 2011 12:39:34 PM

Post# of 33129
"The fourth property is located in Central West Texas, just 10 miles south of Cisco, Texas. There are 166 wells on 1,100 acres comprised of two leases on this property. The field has experienced shallow production at average depth of 1,200 feet. Of the 166 oil and gas wells awaiting completion and hook-up, 35 of the wellbores are equipped and ready for production. The acreage is located in a trend that also has the Barnett Shale Combo play upside potential.

The company has arranged for developmental financing of all of the properties and expects to commence workover immediately after receiving approval from state regulatory agencies.

The acquisition has been approved by the Green Star Board of Directors pending an increase in the authorized common stock to allow for the acquisition. Shareholders are urged to approve the proposal. A shareholder meeting and proxy vote has been scheduled".