Groundstar Resources Ltd GRDSF

Energy Oil & Gas E&P

Groundstar Resources Ltd is the Canada-based based company. The company is primarily engaged in exploration, development and production opportunities in domestic and international areas of interest. The company is exploring opportunities of oil wells in Pierson area located at Manitoba and, in Neilburg region. Most of its revenue is earned through the Canadian market while it also has a presence in Egypt, Guyana, and various other countries.

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Groundstar Resources Ltd

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Post by SENSAI1on Jan 15, 2008 1:10pm

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Post# 14205981

GUL to start drilling for UK oil by Jan.20

GUL is presently at $0.285.

Jan 15, 2008 03:01 ET

Gulf Shores Resources Ltd.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2008) - Gulf Shores (UK) Limited, a wholly owned UK subsidiary of Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) has been advised by Petro-Canada UK Limited, the Operator of the North Sea 15/18a-Maria project, that the Global SantaFe Arctic III semi-submersible rig is expected to commence drilling operations by January 20, 2008.

Gulf Shores will pay 11.11% of the cost to drill and, if required, conduct DST operations to earn an 8.33% interest in Licence P 233, Block 15/18a. The Company has identified three additional prospects/leads in the block that require new 3D seismic to mature to drill ready status.

ON BEHALF OF THE BOARD

Michael Turko, President