Through AUE, Star intends to promote and expand operations in Ukraine. The subsidiary headquarters will be located in Kiev with planned regional offices in Ivano-Frankovsk and Poltava.
In addition, Star Energy Corporation has joined the American Chamber of Commerce in Ukraine, a move, which will strengthen Star's position in the region.
Patrick J. Kealy, President & CEO, said, "These developments are a great move forward as we execute on our business plan. We continue to concentrate on promising projects in the Ukraine and remain excited about our future."
Star Energy Corporation is a U.S.-based public entity engaged in acquisition, exploration, and development of oil and gas deposits in Eastern Europe and CIS. The company's goal is to provide Western investors with access to a portfolio of natural resource licenses and operating companies.
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