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BLACK STAR PETROLEUM LIMITED - Discussion

Black Star Petroleum Limited is an Australia-based oil exploration and development... Black Star Petroleum Limited is an Australia-based oil exploration and development company. The principal activity of the Company is exploration for oil in the United States. The Company's Nebraska Oil Project is located in Banner County, Nebraska, the United States. The Nebraska Oil Project consists of approximately 13 leases totaling approximately 5,250 acres. Its tenements include 18/56-1; 18/56-1, 2, 11, 12, 13; 18/55-11; 18/55-17; 18/56-6; 19/54-27; 19/54-32; 19/55-17, 29 and 32; 19/55-26 and 35; 19/55-33, and 19/55-34. The Nebraska Project contains approximately 100 historical producing wells with past production of approximately 7.4 million barrels of oil. The Company's subsidiary is Constellation Resources LLC.More