VANCOUVER, Sept. 29 /CNW/ -- "West African oil and gas investment opportunities will be part of the focus on African energy resources at today's 7th Biennial U.S.-Africa Summit in Washington, D.C.," stated Gold Star Resources Corp. (TSX-V;GXX; OTC Bulletin Board: GXXFF; www.goldstarresources.com), a Canadian based oil and gas company with energy projects in Liberia, Cote d'Ivoire and Ghana. The company acquired 90% of International Resource Strategies Liberia Energy Inc., whose sole asset is the onshore 1,366 sq. km. hydrocarbon reconnaissance license NR-001 within the Roberts and Bassa Basins of south coastal Liberia. The African Summit is hosted by The Corporate Council on Africa. The Summit (www.africacncl.org) opens today, September 29th, through October 1st in Washington, D.C.
"With Ghana's Jubilee field success having been well documented, more and more investment and financial companies are looking into new opportunities in oil and gas exploration in West Africa," commented the company in a public statement. "Among other energy topics, this week's Summit will focus on recent developments of new hydrocarbon deposits in West African markets. The Summit is a unique communications vehicle for highlighting investment opportunities in West Africa's oil and gas sectors, as well as throughout the African continent."
"Despite today's international economic crisis," Gold Star Resources stated, "investors attending this week's U.S. - Africa Summit in Washington, D.C. are being informed of new and exciting investment opportunities in Africa. U.S. companies, for example, invest $40 billion a year in Africa with the largest part of this investment going into the energy resource sector. With the financial stimulus infusions being injected into the world economies and increasingly tight government policies to keep commodities in line, onshore oil and gas exploration is where the action is going to be."
On Behalf of the Board,
Patrick Morris, President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE GOLD STAR RESOURCES CORP.
For further information: For further information: Patrick Morris, President and CEO of Gold Star Resources Corp., +1-604-641-4450, Fax, +1-604-669-9335, firstname.lastname@example.org Web Site: http://www.goldstarresources.com