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Groundstar Resources Provides Update on Qara Dagh, Kurdistan, Iraq

Wednesday, Nov 23, 2011

Groundstar Resources Limited (TSX VENTURE:GSA) is pleased to announce that it is joining with its partners, Niko Resources and Vast Resources, in proceeding at Qara Dagh, where site-preparation, engineering and logistics will be carried out in the first half of 2012. The QD-2 well is anticipated to spud in the second half of 2012. Groundstar and partners are also exploring all options including potential farm-out and joint venture opportunities.

Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East.

Source: Marketwire

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