- Business
- Groundstar Resources Limited (GRDSF) explores for, develops, and produces oil and gas properties primarily in Canada; the company holds interests in resource assets including royalties in Alberta acreage, exploration claims in Nova Scotia, and historical options in mining support activities and gold/silver properties; it pursues international opportunities in regions such as the Middle East, North Africa, and South America through farm-in arrangements and production sharing contracts. Incorporated in 1968 and headquartered in Calgary, Alberta, Canada, the company, formerly known as Gramara Mercantile Corporation Ltd. until its name change in July 1973, focuses on junior oil and gas exploration and production targeting underdeveloped basins with high-impact potential. Recent activities include a three-year extension granted to the Takutu Petroleum Prospecting Licence joint venture in Guyana, closure of a 100% working interest acquisition in 2013, and a financing completion in 2018 to support its portfolio of near-term and longer-term resource assets.