Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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duncanmcl

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Re: NR spud 1st well Dagh 1

in response to

NR spud 1st well Dagh 1

by

duncanmcl

posted on Jun 14, 2010 08:55AM

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Groundstar Resources Limited Provides Update on Exploration Well In Kurdistan Region-Iraq

CALGARY, ALBERTA--(Marketwire - June 14, 2010) - Groundstar Resources Limited (TSX VENTURE:GSA) is pleased to provide the following update on its operations in Kurdistan Region – Iraq. The Qara Dagh Well was spudded on 12 May 2010 with a planned TD of about 4,000 meters. An 8 ½" pilot hole was drilled to 686 meters. The well diameter was subsequently opened up to 26". According to the well plan, a 20" casing was set and cemented at 686 meters.

As of June 12, an 8 ½" pilot hole is being drilled at 1,313 meters which the operator believes to be the Tanjero horizon, above three prospective Cretaceous formations. In anticipation of complex drilling conditions encountered in the area, the 8 ½" pilot hole will subsequently be enlarged according to the well design.

The three prospective Cretaceous formations, namely Shiranish, Kometan and Qamchuga, are expected to be covered by multiple casings and will be Drill Stem Tested on penetration upon positive drilling and geological indications.

Drilling of Qara Dagh-1 is expected to take an additional three months to complete and will target up to seven potential reservoirs in the Cretaceous, Jurassic and Triassic formations.

Groundsar Resources Ltd

Re: NR spud 1st well Dagh 1

Groundstar Resources Limited Provides Update on Exploration Well In Kurdistan Region-Iraq