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Groundstar Resources Provides Update on Qara Dagh

Source: www.gulfoilandgas.com 11/22/2011, Location: Middle East

Groundstar Resources Limited 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.

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