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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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.


GREY:GRDSF - Post by User

Groundstar Resources Ltd
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Comment by Donranon Apr 25, 2011 10:12am
540 Views
Post# 18482401

RE: Bad news...

RE: Bad news...The news releases this morning put a damper on things, I was wrong. They go back to the drawing board.
In a recent discussion I had with another investor of GSA, I mentioned that GSA has exposure to some high impact areas this year, a statement which he readily agreed to. However he then said that GSA in having a carried interest in the 3 wells that were being drilled GSA kept too small a percent for themselves.
Today I'm glad that they had only a 10% interest in K-2, my guess is that the news release is hurting CNE and SGI significantly more than GSA.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities