I know Bamako to be a very devoted and talented micro-cap stock picker and trader.

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"This month’s stock pick is brought to by one of our most popular posters and goes under the handle of Bamako:



"About Groundstar Resources (GSA.V)

"Groundstar is a Calgary based oil and gas exploration company whose time has come. Led by a management team with a collective 192 years of oil and gas experience, notably in Libya, the company is aggressively pursuing an acreage position in Libya at a time when that once pariah Northern African country is now among the few countries open to foreign investment and with high resource potential. After a quiet year of preparation and stock price consolidation, Groundstar is preparing to start drilling on its highly prospective Egyptian properties.



"Groundstar has two claim areas in Egypt, the West Esh El Mallala block, comprised of 1328 square kilometres and to which the company has a 20% interest, and the West Kom Ombo block, a huge property of over 42,000 square kilometres in which the company has a 60% interest. In terms of the latter block, Groundstar's claim is just west of Centurion's Kom Ombo block, the largest on-shore concession in Egypt. On Sept. 4, 2007, Centurion Energy discovered the first commercial oil field in upper Egypt, in the Kom Ombo block. The well tested light crude oil (37-degree API) from a Cretaceous reservoir at about 4,000 feet. Centurion planned a $30-million (U.S.) development program, which will include early production by truck and rail tanker to a refinery at Asyut. This commercial discovery is significiant as Groundstar's claim has similar subsurface geology with a thicker sedimentary section. In terms of the West Esh El Mallala block, Groundstar, two seismically defined prospects in the south part of the block near Lukoil's production area are to be drilled. One well will drill to approximately 12,000 feet and the second to approximately 6,500 feet. The operator of the block, Aminex Egypt, and Groundstar Resources Ltd. have contracted a brand-new drilling rig for 18 months on a call-out basis to drill on the West Esh El Mallala block beginning in mid-January, 2008. 300 square kilometres of 3-D seismic data was completed in the summer of 2007.


"In other news, the company issued the following information in May of 2007:

"Groundstar has recently formed a consortium with a Canadian E&P public company, with current market capitalization in excess of $4-billion, to aggressively pursue exploration and development properties in the Kurdish region of Iraq. Several international operators including DNO and ADDAX have recently announced major oil discoveries in the Kurdish region. Groundstar has a Calgary-based technical and logistical team with considerable experience in Iraq. Several exploration and development opportunities have been identified in the area. A proposed federal oil and gas law is expected to be passed later this year paving the way for participation of international oil companies in the Iraqi petroleum sector. Groundstar believes that it has strongly positioned itself for upcoming opportunities in Iraq through the establishment of a strategic consortium and development of key contacts within the country.

"In Guyana, South America, Groundstar is nearing completion of the second phase (second year) of a four-year petroleum prospecting licence that will be presented to Guyana Geology and Mines Commission in June. The company has three prospects and six leads in the Takutu basin. These prospects are being presented to prospective oil industry partners for participation.

In Kazakhstan, Groundstar is participating with a local well-positioned company to post a high potential exploration block in the upcoming bid round.

"The stock has been very quiet over the past year as the company diligently worked on securing interests in high reward properties. As oil is in ever greater demand, smaller companies such as Groundstar gain favour in terms of their risk and creativity in theorizing new potential resource areas. Given the long process of accruing prospective properties, Groundstar is now ready to drill the start of 2008. A shareholders rights plan was announced in August 2007 as well as 1.48 million stock options granted at 55 cents on September 14. SEDI shows that insiders have largely bought shares on the open market throughout 2007, up to 60 cents. In 2006, two key insiders bought shares at $1.20 to $1.50. There have been no significant selling of the stock by insiders in 2006 and 2007. "

ENDQUOTE

Michael