Investment in Gasol plc

Blue Star Capital plc
16 March 2005


For immediate release                                            16 March 2005





                             BLUE STAR CAPITAL PLC

                         ('Blue Star' or 'the Company')



                             Investment in Gasol plc



Blue Star Capital plc (AIM: BLU), the company created to provide seed capital
for early stage companies, is pleased to announce it has taken a 34.01 per cent
stake in Gasol plc ('Gasol'), a company that today begins trading on the AIM
market of the London Stock Exchange.



Blue Star led the formation of Gasol (AIM: GAS), a newly formed company seeking
acquisitions and investment opportunities in the oil and gas sectors. Blue Star
has invested £300,000 in Gasol, in return for 34.01 per cent of the company's
shares.



Nigel Robertson, Blue Star Capital's Chairman, said: 'Gasol is the latest
company that we have successfully formed and floated at Blue Star, and one that
takes us into the attractive oil and gas sectors. I am particularly delighted by
the quality of the shareholder base we have attracted to Gasol, including
Artemis Investment Management as a key investor.'





For further information:


Blue Star Capital plc                                     Tel: [phone]

Nigel Robertson, Chairman
Haresh Kanabar, Chief Executive

Durlacher Limited                                         Tel: [phone]

Jonathan Retter
Katherine Roe

Buchanan Communications                                   Tel: [phone]

Mark Court
Elly Williamson



Notes for editors



About Blue Star Capital plc



Blue Star Capital plc was formed in 2004 as a vehicle to provide initial seed
capital for the development of early stage companies.  Blue Star joined the AIM
market of the London Stock Exchange, under the ticker symbol BLU, in October
2004 and has since made significant investments in four newly formed companies:
India Outsourcing Services plc, Black Raven Properties plc, Gordian plc and
Gasol plc. All of these companies have been admitted to the AIM market and
underline the Company's strategy of making investments across a variety of
sectors.



Blue Star has a highly capable Board, led by Executive Chairman Nigel Robertson,
with significant experience of identifying, evaluating and securing business
opportunities and of forming, funding and floating companies.



Blue Star intends to achieve capital appreciation from a portfolio of quoted and
unquoted investments in businesses that offer strong growth prospects and a
defined timeframe to exit.






                      This information is provided by RNS
            The company news service from the London Stock Exchange