SOURCE: Green Star Energies, Inc.

Green Star Energies, Inc.

August 24, 2011 09:00 ET

Green Star Energies Releases Additional Information on Hawkeye and Midkiff Field

DALLAS, TX--(Marketwire - Aug 24, 2011) - Green Star Energies, Inc. (PINKSHEETS: GSRE), as part of its due diligence process, has reviewed an Enhanced Georadiometric Survey for the Hawkeye and Midkiff field that was commissioned by a prior owner of the property covering approximately 1,100 acres in Eastland County, Texas. The report was generated by Hydrocarbon Imaging Services, Inc. ("HIS") in Andrews, Texas in August, 2010.

Radiometric surveying has been incorporated in the oil and gas industry both on surface and subsurface areas for over 70 years. Gamma Ray log interpretation is commonplace in oil and gas structural analysis. Surface surveying of gamma ray readings has been used and validated by oil and gas companies, major universities, and United States governmental agencies.

The results of the survey are as follows: of the 166 well bores on the property, 35 of the wellbores are equipped and ready for production. Most of the wells were drilled to and produced from the Adams Branch Sandstone. There is little account for the deeper combo play of the Barnett Shale. Using the standard industry variables, HIS's comparable net productive acres on the composite formations are calculated to be 1,044 productive acres in the Barnett Shale combo play with recoverable reserves of 5,922,651 barrels of oil.

These reserves were not studied or accounted for in the previously referenced reserve report that was commissioned in 2006 by the prior owners. The company expects to commission an updated reserve report through an independent party prior to its next quarterly filing.

Green Star Energies, Inc. is currently targeting joint ventures or acquisitions in which existing oil projects are currently in or near term production. Additional information about the company and its holdings may be found on the company website at

Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Star Energies, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Star Energies, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.

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