Green Star Energies Proceeds to Acquire Ownership in a Producing Oil Project in Wyoming

VANCOUVER, Wash., Sept. 13 /PRNewswire-FirstCall/ -- Green Star Energies, Inc. (Pink Sheets: GSRE) has executed an agreement to acquire ownership in a producing oil well in Niobrara County, Wyoming. The well currently produces 5 barrels of oil per day from the Dakota sand formation. In conjunction with the operator the plan is to increase the production through a rework, which the operator believes will increase production to 10 to 15 barrels of oil per day.

There are several key factors the Company used to determine to move forward with this project:

• The Operator has extensive experience in the Wyoming and Nebraska areas and enjoys a high work over success rate of 95% with reworks in these formations due to state of the art treatment programs.
• The well has over 25 years of production history and wells in this formation typically produce for
• 40 to 60 years.
• Through the use of airborne audio electromagnetic technology, gamma ray detection surveys, radiometric surveys and geochemical surveys, the operator was able to identify and even estimate technically recoverable oil reserves in and around the oil field.
• There is existing proven developed production (PDP) and significant proven reserves with enough acreage for two offset future drilling opportunities on the same lease.

President Hale said, "The next step is to do an on-site inspection with the operator who will be doing a number of tests on the well to validate current production before doing the rework. At that time we plan to return to visit and document the progress. This will provide verifiable information including all maps, API numbers, and location which will be added to our website. If any of our stockholders would like to visit the site during this time please contact investor relations to schedule this with management."

ABOUT GREEN STAR ENERGIES, INC

Green Star Energies, Inc. (GSRE) is currently targeting joint ventures or acquisitions in which existing oil projects are currently in or near term production. Green Star plans to implement the majority of this strategy through its majority owned subsidiary, Aeon Holdings, Inc. (Other OTC: AEOH).

Corporate Website: http://GreenStarEnergies.com

Management Blog: http://www.GreenStarEnergies.com/blog

IR Website: http://PeakPetro.com

Twitter: http://Twitter.com/PeakPetro

YouTube: http://YouTube.com/PeakPetro

Facebook: http://tinyurl.com/GSREfacebook

Please read the full disclaimer before making any investment decisions, available here:

http://www.GreenStarEnergies.com/disclaimer.

SOURCE Green Star Energies, Inc.

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