Incorporated in 1968, Groundstar Resources Limited is a diversified publicly traded oil and gas company with oil production and exposure to 7.3 million gross acres of resource assets. The Company is actively growing a portfolio targeting producing oil and gas assets with development opportunities and exploration upside. The Company’s current portfolio of assets provides both near term and longer term potential. Groundstar is quoted and trades under the ticker symbol “GSA” in Canada and “GRDSF” in the United States.
GROUNDSTAR RESOURCES ANNOUNCES INCREASED PRODUCTION, REVENUES & CASHFLOW FOR QUARTER
During the quarter, the Corporation initiated a heavy oil program in Saskatchewan. The first successful
Manville well produced at an average rate of 104 barrels per day in January. Subsequent to the quarter
end, the Company drilled a second successful Mannville well, with current total net production to
Groundstar from the development of approximately 100 barrels per day. Additional wells may be drilled
on the property after spring breakup. Read More...