Groundstar Resources Presses Ahead at Qara Dagh

Groundstar Resources has announced that it is joining with its partners, Niko Resources and Vast Resources, in proceeding at Qara Dagh, where site-preparation, engineering and logistics will be carried out in the first half of 2012.

The QD-2 well is anticipated to spud in the second half of 2012.

Groundstar and partners are also exploring all options including potential farm-out and joint venture opportunities.

(Source: Groundstar)

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