SOURCE: Green Star Energies, Inc.

Green Star Energies, Inc.

April 21, 2009 14:55 ET

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

VANCOUVER, WA--(Marketwire - April 21, 2009) - Green Star Energies, Inc. (PINKSHEETS: GSRE) 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.


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


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


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:

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:

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