West African 'Oil Rush' Is On, Reports Gold Star Resources Corp. CEO in AFROIL Online News Column



    VANCOUVER, June 10 /CNW/ -- West Africa now offers "unparalleled
opportunities" for major and independent oil and gas companies, writes Patrick
Morris, CEO of Vancouver-based Gold Star Resources Corp. (OTC Bulletin Board:  
GXXFF; TSX-V; GXX; www.goldstarresources.com) in the June 10th issue of
AFROIL,  Africa Oil & Gas Monitor, an online publication of Newsbase Ltd.,
Edinburgh, Scotland read by subscribers in 25 countries (www.newsbase.com;
Week 23; page 5 Guest Column).  Morris, author of a news column published in
AFROIL entitled "West African Oil Rush, Challenges", reported that changing
geopolitics, reduced security and political risks, the recent 1.8 billion
barrel  discovery in West Africa's largest oilfield, the Jubilee in Ghana, and
a new African foreign policy  by recently elected U.S. President Barack Obama
have all helped in making West Africa a "desirable destination for oil and gas
exploration and production."

    According to Morris, "For a long time West Africa has been off the radar
of the international community because of messy politics and brutal civil
wars.  Also, apart from Nigeria and Gabon, there had been the disappointing
size of oil discoveries made at times of low oil prices.  All this is now
changing. Expectations by countries and oil & gas companies to discover new
reserves in the region are high.  Exploration and seismic research activities
are underway in all countries of West Africa bar Burkina Faso and Cape Verde. 
Governments are also actively involved.  For example, in Liberia, the National
Oil Company of Liberia (NOCAL) is promoting oil and gas exploration and
development of its hydrocarbon resources along its continental shelf and
slope.  The sub-region is also gaining global attention as calm has been
restored to countries such as Liberia, Sierra Leone and Cote d' Ivoire,
reducing security risks."

    "The role of junior exploration companies is to set the trend," Morris
writes in his news column.  " For example, Gold Star Resources is the first
and only junior company to go after onshore oil and gas opportunities in Cote
d' Ivoire and Liberia since the 1970s.  Larger players are competing for
offshore blocks all along the coast - but with no plans for any onshore
exploration."

    Gold Star Resources recently signed a Letter-of-Intent with Bengal Bight
Ghana to acquire 100% of the hydrocarbon rights to the Tiampoum mining
concession, approximately 1,000 square km, in Cote d' Ivoire.  In January,
Gold Star entered West Africa when it acquired 90% of the issued and
outstanding shares of Liberia's International Resources Strategies Liberia
Energy (IRSLE).
    


    




For further information:

For further information: Patrick Morris, CEO, Gold Star Resources Corp.,
+1-604-641-4450, pm@goldstarresources.com Web Site:
http://www.goldstarresources.com

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GOLD STAR RESOURCES CORP.

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