Thread: Green Star Energies Inc. - GSRE

Green Star Energies Acquires Majority Ownership of Aeon Holdings Inc.
Friday February 20, 2:00 pm ET
Subsequent to This Transaction a Memorandum of Understanding Has Been Executed With a 6 Million Gallon a Year Bio Fuel Plant


VANCOUVER, WA--(MARKET WIRE)--Feb 20, 2009 -- Green Star Energies, Inc. (Other OTC:GSRE.PK - News) announced Tuesday that it had completed the sale of Crows Run. Subject to this transaction Green Star has acquired the majority of stock in the Buyer's company.
ADVERTISEMENT


The sale to Aeon Holdings Inc. was in exchange for over 75% of the stock of the Company (9,000,000 common shares) valued at $1.62M at the time of the transaction as well as a management contract for preferred stock (1,000,000 preferred shares) valued at $180,000 for 3 years. The preferred stock also gives Green Star 50 to 1 voting rights to guarantee Green Star's controlling position as it completes several of the upcoming acquisitions within this majority owned subsidiary.

The core benefit of acquiring the majority of the fully reporting OTCBB Company is that Green Star can use it to make further acquisitions and finance its projects without using Green Star authorized capital (shares) to make it happen while still getting the full value added to the balance sheet. Green Star is pleased to inform its stockholders that negotiations have now advanced on two alternative and renewable energy projects for acquisition into the majority held subsidiary.

As part of the transaction and management agreement, Brandon Toth has been appointed to CEO, President, Secretary and Director of Aeon; additionally Vic Devlaeminck has been appointed as CFO, Treasurer and Director of Aeon Holdings Inc. as of closing last week. Both will maintain their current positions with Green Star Energies, Inc.

Subsequent to this transaction a Memorandum of Understanding has been executed with a Pennsylvania-based bio fuel facility capable of producing 500,000 gallons per month with upgrade potential of up to 1,000,000 gallons per month. The transaction is expected to close quickly, giving Aeon, the majority owned subsidiary of Green Star, a minimum of 50% of the ownership.

"This transaction has greatly increased the value for Green Star stockholders and has positioned management to be able to make strategic acquisitions in the coming weeks that will not dilute the stockholder equity of Green Star but build a stronger balance sheet," commented President Brandon Toth.

ABOUT GREEN STAR ENERGIES, INC.

Green Star is an energy company with interests in oil and gas development and production. Green Star follows an aggressive business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration of green projects and businesses such as biodiesel and wind power. Please visit our brand new website: Green Star Energies, Incorporated Home Page.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Green Star Energies, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. Please read the full disclaimer here: Green Star Energies, Incorporated Home Page.



Contact:
Contact:
Green Star Energies, Inc.
Brandon Toth
President
Contact:
Email: Info@GreenStarEnergies.com



--------------------------------------------------------------------------------
Source: Green Star Energies, Inc.

Green Star Energies Announces Executed Gas Contract With DCP Midstream
Already Completed and Fracturized by Schlumberger Ltd., the Contract With DCP Midstream Completes the Final Objective
Tuesday April 21, 2009, 2:55 pm EDT

VANCOUVER, WA--(MARKET WIRE)--Apr 21, 2009 -- Green Star Energies, Inc. (Other OTC:GSRE.PK - News) announces that DCP Midstream has executed the gas purchase contract with our operator for the purchase of all gas at the Eberle Project in Bastrop County, Texas.

The Eberle Project has been an ongoing pursuit for production since Green Star's predecessor. To date the well has been fully fracturized by Schlumberger and produced gas. In the hydraulic fracturing process, sand was forcibly injected into the formation at extremely high pressures, out to a radius that extended up to 200 feet outward from the well. This process is designed to open up the fractures of the formation more fully for the highest potential volume of gas flow.

Since obtaining the right of way from the adjacent land owner in February, Green Star and its current partners moved into negotiations with the gas purchasing company previously mentioned. Exploring all options Green Star was pleased to find out that DCP Midstream could in fact purchase all of our gas from the current and future operations at the Eberle Project. With the purchase agreement completed, the tap has been identified and the line can be dropped. Green Star with its current partners has invested presently over $400k into the well making the final connection highly anticipated.

Green Star management is negotiating with existing well partners to potentially acquire a larger stake in the well. This will be discussed with the Stockholder Committee and explored to determine if it is in the best interest of the stockholders.

"The connection and completion of our objectives will see the closing of the past and the opening of a new era for Green Star. As promised I will bring those stockholders interested with me to see the post-completion of the project. I will provide prompt updates on these activities as I am able," stated CEO Brandon Toth.

ABOUT SCHLUMBERGER LTD.

Schlumberger, Ltd. is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing more than 87,000 people representing over 140 nationalities and working in approximately 80 countries, Schlumberger provides the industry's widest range of products and services from exploration through production. Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported consolidated revenues of $27.16 billion in 2008. For more information, visit Schlumberger.

ABOUT DCP MIDSTREAM LP

DCP Midstream Partners, LP is a midstream master limited partnership that gathers, treats, processes, transports and markets natural gas, transports and markets natural gas liquids, and is a leading wholesale distributor of propane. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP Midstream, LLC, a joint venture between Spectra Energy and ConocoPhillips. For more information, visit the DCP Midstream Partners, LP Web site at Home.

ABOUT GREEN STAR ENERGIES, INC.

Green Star is an energy company with interests in oil and gas development and production. Green Star follows an aggressive business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration of green projects and businesses such as biodiesel and wind power. Please visit our website: Green Star Energies, Incorporated Home Page.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Green Star Energies, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. Please read the full disclaimer here: Green Star Energies, Incorporated Home Page.

Contact:
Contact:
Green Star Energies, Inc.
Brandon Toth
President
Contact: 1-360-977-6820
Email: Info@GreenStarEnergies.com

Green Star Energies Posts First Profitable Quarter Ever
Through the Operating Activities of Green Star During First Quarter, It Has Booked Its First Profitable Quarter Generating Income for Management Services and From the Sale of Part of Its Oil and Gas Interests Totaling a Net Gain of $1,676,140
On Monday June 15, 2009, 6:00 am EDT

VANCOUVER, WA--(MARKET WIRE)--Jun 15, 2009 -- Green Star Energies, Inc. (Other OTC:GSRE.PK - News) posts their financial statements via their website through March 31st 2009. The 1st quarter of the year has also been the only profitable quarter in the Company's history, generating a net gain of $1,676,140.

RESULTS OF OPERATIONS FOR THE QUARTER ENDED MARCH 31, 2009 COMPARED TO THE QUARTER ENDED MARCH 31, 2008:

Income Revenues: For the first quarter of 2009, the Company had income revenues of $180,000 and net income from the sale of the Crow's Run asset of $1,500,010, compared to $0 in income revenues for the first quarter of 2008.

Gross Profit: Gross profit is comprised of income revenues less cost of revenues. Gross profit for the first quarter of 2009 totaled $180,000, compared to $0 for the first quarter of 2008.

Operating Costs: Operating costs consist of the Company's administrative expenses, operating expenses including depreciation and amortization. Operating costs for the first quarter of 2009 totaled $3,870, compared to $10,340 for the first quarter of 2008.

Operating Gain (Loss): The Company produced an operating gain for the first quarter of 2009 of $176,130, compared to a loss of $10,340 for the first quarter of 2008.

Net Gain (Loss) Before Income Taxes: Net gain or loss before income taxes represents operating gain or loss plus other (non-operating) gain or loss. For the first quarter of 2009, the company had a net gain of $1,676,140, compared to a net loss of $10,340 for the first quarter of 2008.

Liquidity And Capital Resources: During the first three months of 2009, the Company produced cash equivalents (Aeon Holdings, Inc. common and preferred stock) from operations of $1,678,578.

"First quarter of this year served us several major milestones that have greatly improved our financial statements which we are all very proud of," stated CEO Brandon Toth.

He continued, "We are now faced with our next challenge connecting the Eberle in Texas. We have teamed up with the Stockholder Committee and formulated a plan to finance and finalize our objectives to move us into the production stage."

ABOUT GREEN STAR ENERGIES, INC.

Green Star is an energy company with interests in oil and gas development and production. Green Star follows an aggressive business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration of green projects and businesses such as biodiesel and wind power. Please visit our website: Green Star Energies, Incorporated Home Page.

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Green Star Energies, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. Please read the full disclaimer here: Green Star Energies, Incorporated Home Page.

Contact:
Contact:
Green Star Energies, Inc.
Brandon Toth
President
Contact: 1-360-977-6820
Email: Info@GreenStarEnergies.com

Green Star Energies Appoints Project Manager to Oversee Use of Funds
Jim Hale of the Stockholder Committee Has Taken the Role of Project Manager to Serve as Internal Controls for the Funding

Press Release
Source: Green Star Energies, Inc.
On 11:00 am EDT, Thursday October 8, 2009
VANCOUVER, WA--(Marketwire - 10/08/09) - Green Star Energies, Inc. (Pinksheets:GSRE - News) is pleased to announce the appointment of Project Manager for the Company's development efforts. Jim Hale has been a long term stockholder for years and agreed to the position after the Stockholder Committee accepted his nomination for the position.

Mr. Hale is CEO and President of a privately held IT Consulting and Staffing firm located in Chicago. Mr. Hale has grown his company's revenues by over 500% in just three years. He brings several years of project management experience running projects in various industries from aviation, pharmaceutical, manufacturing and online learning just to name a few.

"As a Green Star Energies shareholder and a Committee member, I am devoted to bringing shareholder value to Green Star Energies, Inc. I share Brandon Toth's vision to focus on results oriented development and reporting with a keen focus on expanding the revenues of the Company, building the assets on the balance sheet while decreasing its liabilities," stated new Project Manager, Jim Hale.

Mr. Hale is a member of the PMI Organization of the Chicago Chapter and holds several certifications across multiple disciplines. He attended the University of Colorado at Boulder with a major in Finance. As Project Manager, Mr. Hale will be in charge of working with executive management on the strategies and step by step process of each objective and outcome.

Since Mr. Hale has been appointed to this position he has already established communications with the operator, the well partners and all of the landowners affiliated to the Eberle Lease. This involved a trip he recently made directly to Bastrop County to meet the operatives, review the process and confirm our next few steps. Through the Project Manager's research at the county court house, as it relates to the Eberle lease / well, there are no outstanding liens found against Green Star Energies, Inc. whatsoever. While there were records of a lien against the operator, the operator has confirmed to us that it is no longer an outstanding lien and will not affect any of our revenue production from the well. The Company is pending release of an official update once confirmed by the Project Manager announcing the completion of the final steps of this objective.

"With Mr. Hale's third party perspective, management believes that it will reduce risk exposure while providing stockholders with confidence that the funding will obtain the results they are seeking. This development has been very much endorsed by management and we are excited to be in a position to really capitalize our growth as a Company," stated Mr. Brandon Toth, CEO of Green Star Energies, Inc.

EGOH could start to really move

News about a partnership could make EGOH run if it happens

Green Star Energies Finalizes Investment Agreement for Eberle #1
The Agreement Provides the Capital Necessary to Complete and Start to Produce From the Eberle #1

Press Release
Source: Green Star Energies, Inc.
On 3:30 pm EDT, Tuesday October 27, 2009
VANCOUVER, WA--(Marketwire - 10/27/09) - Green Star Energies Inc. (Pinksheets:GSRE - News) has facilitated the final agreement with the partners and operator of the Eberle #1 Well in Bastrop County, Texas. A portion of the funding as approved by Jim Hale, the Project Manager (PM), has already been delivered to the operator to start operations.

Through the negotiations between Jim Hale, PM and the related parties the new investment in the amount of (up to) $100,000 will earn a 37.46 % working interest until a 300% return (initial investment + 200%) is received. Once the full principle plus interest has been paid back the working interest will be converted to 26.25%. Green Star's current interest in the project is 21.87%. Together the new working interest plus Green Star's current working interest is 59.33% of all initial production.

Under the guidance of Jim Hale, PM and consultation with the Stockholder Committee there have been careful considerations made in regards to the prices of natural gas (which have underperformed according to projections) and delays with land owner easements required for the pipeline. Recently drilling rigs have become readily available and reduced costs making investment into oil projects very lucrative compared to both the last couple years and natural gas at current market prices. Due to these factors the partners and PM agreed that it would be best to continue as originally planned to drill the remaining 700 - 900 feet to the original target depth where the well originally produced oil.

Historical data, as previously reported, verified the production source of oil from its original drillers at the point where they completed both target depth and fracturing in the 1980s. New technology is available compared to decades ago that, together with new techniques and materials, to allow the reduction of water ratios to maximize the return of oil production. The Eberle #1 has a test history of production of between 123 to 170 barrels of oil per day. After historical completion the lease holders shut in the well due to very low oil prices that were not economical then but are very profitable at current levels. While continuing to drill moves us out of the gas zone previously targeted, the operator said the fracturing done will in fact benefit the production in the original zone due to its proximity.

"I have arrived in Texas to prepare for operations and meet with special operatives and Eberle #1 investors. While I am in Texas I would like to make time to meet in person with any of our stockholders or investors who wish to visit the Eberle #1 site. This should present an opportunity for those who have had a desire to see their investment firsthand. Please contact the Company's office to inquire further," stated Brandon Toth, CEO.

ABOUT GREEN STAR ENERGIES, INC.

Green Star is an energy company with interests in oil and gas development and production. Green Star follows an aggressive business model, focusing on redevelopment of oil and gas fields with a history of production, and also, exploration of green projects and businesses such as biodiesel and wind power. Please visit our website: Green Star Energies, Incorporated Home Page

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Green Star Energies, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. Please read the full disclaimer here: Green Star Energies, Incorporated Home Page.

BIG NEWS!

Drilling Rig Has Arrived and Commenced Drilling on the Eberle #1 Well

Drilling Rig Has Arrived and Commenced Drilling on the Eberle #1 Well
This Is the Final Step Before Expected Oil Production From the Eberle #1 Well

Press Release
Source: Green Star Energies, Inc.
On 9:00 am EDT, Thursday October 29, 2009
VANCOUVER, WA--(Marketwire - 10/29/09) - Green Star Energies, Inc. (Pinksheets:GSRE - News) is pleased to announce that the rig arrived earlier this week in Bastrop County, Texas at the Eberle #1 worksite. Since its arrival work has already commenced on the well, moving it into production.

The Eberle is on the outskirts of the Giddings Field and is in close proximity to Anadarko Petroleum's Central Texas operations which are considered to be the most prolific in that region. A report created by Anadarko Petroleum engineers reflect that the Northwest portion of the Giddings Field as being the most productive with current technology. Both Green Star's and Anadarko's wells are within this section.

The work to complete the Eberle #1 as an oil well is expected to take up to two weeks. After the rig has reached its target depth and the well has been finished we will enter the production phase of this project. Consistent updates will be made available as reports are presented by the operator to Green Star Energies. Yesterday, President Brandon Toth surveyed the Eberle #1 progress and took the following pictures:

Eberle #1 Project

"I am very excited to be able to see our hard work start to pay off with the Eberle #1. I am meeting with some investors over the next few days to show them a glance at some of the onsite activities and want to extend my invitation to anyone who is interested in meeting with me. Due to the expedited activities, shareholders should expect a series of updates as work continues to near completion in the coming days," stated President Brandon Toth.

We are moving again...

Green Star Energies Announces Tank Installations at Eberle #1
Tank Installations Is the Final Step to Produce Oil at the Eberle #1

Press Release
Source: Green Star Energies, Inc.
On 3:30 pm EST, Friday November 6, 2009
VANCOUVER, WA--(Marketwire - 11/06/09) - Green Star Energies, Inc. (Pinksheets:GSRE - News) is pleased to announce this operations update for the Eberle #1 in Bastrop County, Texas. Under the direction of the Project Manager an additional round of funds were wired to the operator for the production equipment including the tank and separator.

As per the latest report from the Operator he is now waiting for the completion of the tank and separator installation which will be immediately followed by oil production from the Eberle #1. The operator was not able to install a pump jack on the well immediately due to the significant oil and gas pressure at the well head. Once the tanks are installed oil production will start under its natural flow for a continued period of time until the operator is able to install the pump jack.

All oil sales will be completed as the tanks are filled and are being sold directly under contract through our operator, Tejones Operating to TETCO (Welcome to TETCO) a San Antonio company with convenience store operations and petrochemical distribution which are the company's primary revenue sources, with significant interests in oil and gas exploration, real estate development, and paving and utility construction.

"Production at the Eberle #1 marks a significant event for Green Star Energies investors and management alike. This will pave the way to additional development and acquisition plans which we have been waiting for, to completion of this objective," stated Brandon Toth.

There has been significant geological evaluation done in the recent weeks providing new information that is expected to increase the life of this well and its secondary development plans. The new geological data including information about various depths and offset wells to the Eberle #1 is proving it to be more valuable than anticipated. The details as presented by the operator will be published in a press announcement expected early next week.