BLUESTAR EXPLORATION - Key Persons

Blue Star and its joint venture partners were awarded the Offshore South-West Tano Block ("OSWT") offshore the Republic of Ghana. The Block covers an area approximately 175 square kilometres in the Tano-Cape Three Point Basin/ Western Basin. The Tano-Cape Three Points Basin is the eastern extension of the Cote D'Ivoire-Ghana Basin. The basin has been prolific in Cote D'Ivoire and Ghana where in 2007 the Jubilee Field was discovered among other discoveries across the basin. OSWT is a deepwater block situated within the multiple fan and channel systems of the proven Cretaceous play fairway with water depths ranging from 1,000 to 2,750 metres. The block is bound to the east by the Jubilee Field production and area and the west by the Tweneboah-Nyenra-Ntomme development and production area. The work programme has commenced and detailed mapping within the licence area has identified multiple prospective Upper and lower Cretaceous leads. Blue Star and its partners are working to progress a number leads to prospect status.