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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gold Basin Resources Corporation | TSXV:GXX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -16.67% | 0.025 | 0.025 | 0.03 | 0.025 | 0.025 | 0.025 | 64,000 | 16:52:07 |
Patrick Morris, GXX's President and CEO, told Afroil, "Gold Star is the first and only junior company to go after onshore oil and gas in the region since the late 1970s, which is quite exciting for us while the big players are focusing offshore. Onshore blocks have been somewhat overlooked by the majors, mostly because of political issues, which for the most part have been solved recently."
Morris elaborated on GXX's strategic decision "to secure a portfolio of sections of land or blocks along the coast, assess the reserves and hopefully provide something that would be of great interest to one of the majors. In other words, we are doing the legwork for them."
Morris also told Afroil that GXX is interested in Ghana, encouraged by the offshore Jubilee field, which is considered one of the largest reserves discovered in West Africa in the last 10-15 years.
The article also reports on a company announcement in January 2009 that GXX entered West Africa through an agreement to acquire 90% of the issued and outstanding shares of Liberia's International Resources Strategies Liberia Energy (IRSLE). IRSLE holds the NR-001 license, which covers 1,366 square km within the Roberts and Bassa basins of Liberia's south coast.
For further information, contact Patrick Morris, President and CEO of the Company at: pm@goldstarresources.com Telephone: (604) 641-4450 Facsimile: (604) 669-9335
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
CONTACT: Patrick Morris President & CEO Gold Star Resources Corp. (TSX-V: GXX) Pm@goldstarresources.com 604-641-4450
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