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Green Star Energies Announces Tank Installations at Eberle #1

^{Published on 2009-11-06 12:36:31 - Market Wire}
 

VANCOUVER, WA--(Marketwire - November 6, 2009) - Green Star Energies, Inc. (PINKSHEETS: [ GSRE ]) is pleased to announce this operations update for the Eberle #1 in Bastrop County, Texas. Under the direction of the Project Manager an additional round of funds were wired to the operator for the production equipment including the tank and separator.

As per the latest report from the Operator he is now waiting for the completion of the tank and separator installation which will be immediately followed by oil production from the Eberle #1. The operator was not able to install a pump jack on the well immediately due to the significant oil and gas pressure at the well head. Once the tanks are installed oil production will start under its natural flow for a continued period of time until the operator is able to install the pump jack.

All oil sales will be completed as the tanks are filled and are being sold directly under contract through our operator, Tejones Operating to TETCO ([ http://www.tetco.com ]) a San Antonio company with convenience store operations and petrochemical distribution which are the company's primary revenue sources, with significant interests in oil and gas exploration, real estate development, and paving and utility construction.

"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.

There has been significant geological evaluation done in the recent weeks providing new information that is expected to increase the life of this well and its secondary development plans. The new geological data including information about various depths and offset wells to the Eberle #1 is proving it to be more valuable than anticipated. The details as presented by the operator will be published in a press announcement expected early next week.

ABOUT GREEN STAR ENERGIES, INC.

Green Star is an energy company with interests in oil and gas development and production. Green Star follows an aggressive business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration of green projects and businesses such as biodiesel and wind power. Please visit our brand new website: [ http://www.GreenStarEnergies.com ]

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Green Star Energies, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. Please read the full disclaimer here: [ http://www.GreenStarEnergies.com/disclaimer ].