Silver Star Energy steht vor dem Breakeven?
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WKN: A0BLP5
21/12/2005 7:36 PM ET Index der Pressemeldungen
SILVER STAR MELDET FORTSCHRITTE BEI DER PRODUKTION AM BOHRLOCH EVI „7-11“
LOS ANGELES, 21.12.05/Market Wire/ - Silver Star Energy, Inc. (OTCBB – Over-The-Counter Bulletin Board USA: Kürzel SVSE) gab das Voranschreiten der Planungsarbeiten für den Bau der Bohreinrichtungen am Bohrloch EVI „7-11“ bekannt.
Silver Star und der Betreiber Transaction Oil and Gas erwerben die oberirdischen Anlagen käuflich und gegen Miete. Bei den erforderlichen Anlagen handelt es sich um eine Pumpanlage, einen Separator und eine Öltankanlage. Mit der von Silver Star im Jahre 2004 gebauten Allwetterstraße zum Standort des Bohrlochs ist die Zufahrt das ganze Jahr hindurch gewährleistet. Bei Produktionsaufnahme des Bohrlochs wird das Erdöl zur Verfrachtung anfänglich per LKW zu der 7-1-Gruppe von Husky transportiert. Diese Einrichtung ist ca. 2,5 Meilen entfernt. Der Bau beginnt sobald die Anlagen erworben und installiert sind und ist für Anfang Januar vorgesehen, zu welchem Zeitpunkt Silver Star erwartet, den Ölbrunnen in Betrieb genommen zu haben.
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Neben der Produktionsüberwachung und der Festlegung einer konstanten Förderleistung während dieser Anlaufphase plant man auch das Verlegen und die Anbindung der Pipeline an das Husky-Pipeline-System. Der Anbindungspunkt befindet sich eine Meile südlich des Bohrlochs „7-11“.
Wie kürzlich berichtet, führte das „Fracen“-Programm durch hydraulische Stimulation zum Durchfluss des Erdöls aus der Slave Point Formation und hat einen wirtschaftlich lebensfähigen Erdölbrunnen ausgewiesen. Der Betreiber und die Engineering-Firma Transaction Oil and Gas haben von den Swab-Quoten ausgehend berechnet, dass das Bohrloch bei Inbetriebnahme voraussichtlich 150 Barrel pro Tag produzieren könnte. Darüber hinaus wurde aufgrund des Erfolgs des EVI Slave Point Bohrlochs mit den Planungsarbeiten für die Anlage künftiger Bohrlöcher am EVI für 2006 begonnen.
ÜBER SILVER STAR ENERGY, INC.
Das Unternehmen konzentriert sich auf die Exploration und umfassende Entwicklung von Erdöl- und Erdgasvorkommen im Westen Nordamerikas. Die Unternehmensleitung konzentriert sich auf ein Akquisitionsprogramm, das auf Projekte von hoher Qualität und niedrigem Risiko abzielt und sich dabei auf strategische Allianzen und Partnerschaften stützt.
Anmerkung bezüglich zukunftsorientierter Aussagen
Diese Pressemitteilung enthält „vorausschauende Aussagen“, entsprechend der Definition dieses Begriffs unter Paragraphen 27A des United States Securities Act von 1933 und Paragraphen 21E des Securities Exchange Act von 1934. In dieser Pressemitteilung enthaltene Aussagen, die sich nicht ausschließlich auf die Vergangenheit beziehen, sind vorausschauende Aussagen, einschließlich Aussagen über zukunftsorientierte Ansichten, Pläne, Erwartungen oder Vorhaben. Derartige vorausschauende Aussagen beinhalten u.a. die Akquisition von Erdöl- und -gasreserven, kurzfristige Produktion oder Cashflow und unsere Fähigkeit kurzfristig einen positiven Cashflow zu erzielen, damit wir Produktionseinnahmen neu investieren können und das Unternehmensvermögen verbessern bzw. vergrößern können. Die tatsächlichen Ergebnisse könnten von derartigen vorausschauenden Aussagen gemachten aus zahlreichen Gründen abweichen. Solche Faktoren schließen u.a. Silver Stars vorgesehene Produktionseinrichtung und künftige erwartete betriebliche Tätigkeiten bei EVI mit ein sowie die zahlreichen mit der Öl- und Gasexploration verbundenen Ungewissheiten. Diese vorausschauenden Aussagen wurden zum Zeitpunkt dieser Pressemitteilung gemacht und wir sind nicht verpflichtet, die vorausschauenden Aussagen zu aktualisieren oder neue Gründe anzugeben, aufgrund derer sich die tatsächlichen Ergebnisse denen in den vorausschauenden Aussagen unterscheiden könnten. Obgleich wir davon ausgehen, dass die in dieser Pressemitteilung enthaltenen Ansichten, Pläne, Erwartungen und Vorhaben realistisch sind, kann nicht gewährleistet werden, dass sich solche Ansichten, Pläne, Erwartungen und Vorhaben als richtig erweisen. Anteilseigner sollten sich über sämtliche darin enthaltenen Angaben informieren und Bezug auf die Aufstellung der Risikofaktoren nehmen, die sich in unserem Jahresbericht auf Formular 10-KSB für das Geschäftsjahr 2004, in unseren Vierteljahresberichten auf Formular 10-QSB und in anderen zeitweise bei der Securities and Exchange Commission eingereichten Berichten befindet.
IN VERTRETUNG DES VORSTANDS
Silver Star Energy, Inc.
Robert McIntosh, President
Mehr über Silver Star Energy, Inc. (OTCBB: SVSE) erfahren Sie auf unserer Website unter
www.silverstarenergy.com.
Informationen für Anteilseigner
1.888.803.SVSE (7873) Silver Star Energy, Inc.
diesen Thread über SILVER STAR WKN: A0BLP5 in die nachfolgende Ecke reinzudrücken dem wäre ich sehr dankbar! Manche Dinge wollen hier einfach nicht immer funktionieren!
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WKN: A0BLP5 ISIN: US8282342034 <!--
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68 Silver Star Energy im Swiss .Ölma.30.05.05
0 Pusher und Ihre wertlosen Ak.usZo.09.03.04News, Adhocs und Analysen
ACAd Silver Star Energy spekulativ kaufe. 15.03.05 ACAd Silver Star Energy kaufen - Small . 10.03.05 ACAd Silver Star Energy "strong buy" - . 09.03.05 ACAd Silver Star spekulativ kaufen - obb-. 14.12.04 ACAd Silver Star Energy kaufen - Schmid. 29.11.04 Kurs
oder war das nicht dein Anliegen?
Gruß BarCode
Wünsche Dir eine guten Rutsch ins Jahr 2006!
Gruß Knappschaftskassen
Silver Star Reports December Gas Production From North Franklin Totaling 92.443 Mmcf
LOS ANGELES, CA, Jan 05, 2006 (MARKET WIRE via COMTEX) --
Silver Star Energy, Inc. (OTC BB: SVSE) today is pleased to announce the December gas production at the North Franklin Project, Sacramento, California. Production from the Company's two gas wells, the "Archer-Whitney #1" and "Archer-Wildlands #1" totaled 92.443 Mmcf.
The average daily production rate for the month of November totaled 2.982 Mmcf per day. The "Archer-Whitney #1 well" produced a total of 55.378 Mmcf up from last month's 51.094 Mmcf and the "Archer-Wildlands #1 well" produced 37.065 Mmcf, also up from last month's 36.839 Mmcf. Silver Star's 40% working interest in the two wells totals 36.977 Mmcf to the Company. The PGE-Citygate gas price of Jan. 3, 2006 was quoted at $8.92 per mcf.
Silver Star continues to prepare for the drilling of the "Archer-F 1" deep Forbes test and is currently in line for a drilling rig. The window of availability is between the end of January and February 15. Silver Star will update new information when forthcoming from the operator.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves, expectations in relation to production or cash flow, the timing respecting drilling new wells including, without limitation, the Archer F-1 deep test, and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB: SVSE), visit our website at www.silverstarenergy.com.
Contact: Investor Information: 1-888-803-SVSE (7873) Silver Star Energy, Inc.
SOURCE: Silver Star Energy, Inc.
Copyright 2006 Market Wire, All rights reserved.
92.443 Mmcf x 40% = 36.977 Mmcf
36.977 Mmcf x $8.92 = 329836,62 $ im Monat Dezember 2005
Im November zum Vergleich war es!
87933 Mmcf x 40% = 35.173 Mmcf
35.173 Mmcf x circa $8.50 = circa 289970,50 $ im Monat November 2005
92.443 Mmcf x 40% = 36.977 Mmcf
36.977 Mmcf x $8.92 = 329836,62 $ im Monat Dezember 2005
Im November zum Vergleich war es!
87933 Mmcf x 40% = 35.173 Mmcf
35.173 Mmcf x circa $12.55 = circa 441421,15 $ im Monat November 2005
Im Oktober zum Vergleich war es!
87873 Mmcf x 40% = 35.149 Mmcf
35.149 Mmcf x circa $11.00 = circa 386639,00 $ im Monat Oktober 2005
Summa Summarum:
329836,62 $ im Monat Dezember 2005
441421,15 $ im Monat November 2005
386639,00 $ im Monat Oktober 2005
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1.157.896,77 Dollar Umsatz im Quartal Oktober bis Dezember 2005!
Das wäre eine Umsatzsteigerung zum Quartal von 539.000Dollar auf circa 1.157.897 Dollar und das sind nur 114%. Wie sich das auf den Gewinn oder dem Cash Fow auswirkt kann ich nicht sagen weil dazu braucht es schon die gesamte Bilanz. ich gehe davon aus das sich der Gewinn sich von 36 Tsd. Dollar auf circa 150 Tsd. Dollar gesteigert wird.
: http://research.stlouisfed.org/fred2/data/GASPRICE.txt
Gas price
2005-10-01 13.42
2005-11-01 10.28
2005-12-01 13.05
diese nachfolgende Nachricht wird für massiven Umsatzschübe bei Silver Star Energy für diese Jahr sorgen! Der Kurs hat in Amerika diese Nachricht ohne gepushe von irgendwelche Börsenbriefe sehr postiv aufgenommen. Sollte erst die gesagten Analysten wieder darüber schreiben gibt es eine Kursexplosion!
EVI "7-11" Oil Analysis Returns Light Crude -- Construction of Site Facilities Begins
Tuesday January 10, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Jan 10, 2006 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today reports that the EVI "7-11" oil has been analyzed by AGAT Laboratories in Calgary and has returned a gravity of 36.5 degrees. The oil is considered light crude and will sell at Imperial Light crude prices, today quoted at $59.53 per barrel.
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Silver Star has been informed by Transaction Oil and Gas (the operator) that the construction of the surface site facilities began yesterday. When complete, the well will be placed on production with the oil initially being trucked to Husky at their 7-1 battery for shipping. This facility is about 2 1/2 miles away. Silver Star anticipates the commencement of commercial production shortly, before the end of January. The gravity of the oil is compatible with Husky production in the Red-Earth area.
As production is monitored and consistent flow rates are established during this initial production period, the construction of a pipeline to tie into the Husky pipeline system will be planned at that time. The tie-in point is one mile south of the "7-11" well.
LOS ANGELES, 10.01.06/Market Wire/ - Silver Star Energy, Inc. (OTCBB – Over-The-Counter Bulletin Board USA: Kürzel SVSE) berichtete heute, das Öl von EVI „7-11“ sei von AGAT Laboratories in Calgary analysiert worden und weise eine Schwere von 36,5 Grad auf. Das Erdöl wird als leichtes Rohöl eingestuft und wird zu Imperial Light -Rohölpreisen abgesetzt, die heute $ 59,53 pro Barrel betrugen.
Silver Star wurde vom Betreiberunternehmen Transaction Oil and Gas vom gestrigen Beginn der Bauarbeiten der obertägigen Anlagen in Kenntnis gesetzt. Nach Fertigstellung und bei Aufnahme der Produktion an diesem Bohrloch wird das Erdöl anfänglich zur Verfrachtung per LKW zu der 7-1-Gruppe von Husky transportiert. Diese Anlage befindet sich in ca. 2,5 Meilen Entfernung. Silver Star rechnet mit dem baldigen Beginn der kommerziellen Produktion, d.h. noch vor Ende Januar. Die Schwere des Öls ist mit der Produktion von Husky in der Red-Earth Region kompatibel.
Neben der Produktionsüberwachung und der Festlegung einer konstanten Förderleistung während dieser Anlaufphase plant man auch das Verlegen und die Anbindung der Pipeline an das Husky-Pipeline-System. Der Anbindungspunkt befindet sich eine Meile südlich des Bohrlochs „7-11“.
ÜBER SILVER STAR ENERGY, INC.
Das Unternehmen konzentriert sich auf die Exploration und umfassende Entwicklung von Erdöl- und Erdgasvorkommen im Westen Nordamerikas. Die Unternehmensleitung konzentriert sich auf ein Akquisitionsprogramm, das auf Projekte von hoher Qualität und niedrigem Risiko abzielt und sich dabei auf strategische Allianzen und Partnerschaften stützt.
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0.055 (16.18%)stark nach oben ging könnte die nachfolgende Nachricht von Cascade Energy sein!
Nur zur Information was da abgeht und warum die Aktie so heftig steigt!
http://biz.yahoo.com/iw/060119/0106785.html
Cascade Energy Inc.
Corporate Headquarters
5151 E. Broadway, Suite 1600
Tucson, AZ 85711
Email: info@cascadeenergyinc.com
Date: Thursday, January 19, 2006
Trading Symbol: OTCBB:CSCE
Cascade Updates Alberta Projects at Empress, Bolloque, and Introduces New Project Plans
Cascade Energy, Inc. (OTC BB: CSCE), today reports on recent developments at the Company's Alberta oil and gas projects.
Empress Project: The " 11-16" gas well at the Empress Project began commercial gas production on December 7, 2005 and Cascade has reported that it will begin to receive gas sales revenue based on its 21% working interest in the section containing the well. Gas is being sold into the Alta Gas pipeline from the 2 mile long connection that Cascade and its partners have constructed. Gas pricing in Alberta based on AECO prices on January 18th was $7.06 per Mcf.
Cascade today wishes to announce that it has finalized planning for the next well, designated the " 10-21." Cascade has a 49% working interest in three additional sections that, together with the section that contains the " 11-16" well, comprise the Empress project. Cascade is working with the operator and will announce a spud date shortly, dependant on rig availability.
Bolloque Project: The Company has now been informed of the " 7-1" well completion results by the operator who undertook the perforation and testing of the well. The Leduc Formation reef in the well consisted of inter-fingerings of dolomite and shale, indicating the well had cut the edge of the reef. The most prospective zone was perforated and, after acidizing, gave up only formation water with H2S. The perforations were abandoned and the top of the Wabamun was then perforated where gas was indicated on logs. The perforations only yielded minor gas at low rates with formation water. The tubing was removed and the wellhead shut in. Cascade and the operator are now reviewing the drilling results and will plan a strategy that best suits this play.
New Project Plans: Cascade has approached Silver Star Energy, Inc., its joint venture partner in Kansas, respecting a level of participation in Silver Star's EVI area project. Silver Star has just completed a new oil well that will be on production at an initial production rate expected to be in the area of 150 bpd of light crude. Silver Star has announced that 3 to 4 more wells can be drilled on the currently held acreage. Cascade feels that the regional Slave Point Formation has great potential and is discussing options on a joint venture in the EVI area. Further developments will be reported as soon as available.
ABOUT CASCADE ENERGY
Cascade is an explorer and developer of oil and natural gas. The primary objective of Cascade is to acquire, discover, upgrade and expand North American onshore oil and gas reserves towards near-term production and cash flow, together with identifying and participating in exploration opportunities. By maintaining a balanced debt and equity mix, Cascade's operating strategy is to become cash flow positive in the short term to allow the Company a re-investment of production dollars to enhance and grow company assets. By sourcing and acquiring prospective and producing properties that fit the company's investment, development and production criteria, Cascade minimizes risk and focuses on assets that provide a low risk, short payback period and significant potential reserves.
Notice Regarding Forward-Looking Statements
This news release contains " forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, discussions concerning operations or proposed operations at " Empress," " Bolloque" or " Evi," the acquisition of oil and gas reserves, any near-term production or cash flow and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Cascade Energy, Inc.
William Marshall
die aktie koennte sich tatsaechlich kurzfristig zum turnaround kadidaten entwickeln - mal schauen evtl. werde ich mein realisiertes xsunx - kapital mit einbringen;) der morgige tag words entscheiden.
Monday January 23, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Jan 23, 2006 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is pleased to report that the EVI "7-11" oil well is scheduled to begin commercial production as of tomorrow, January 24th.
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The construction crew has completed the installation of oil storage tanks and has installed the pump jack at the well head. The operator has informed the Company that the "7-11" is planned to be on production tomorrow and it will be closely monitored as to the barrels per day oil produced. The operator, Transaction Oil and Gas of Calgary, will determine the maximum production rate best suited for the well.
Silver Star will announce these production rates when sufficient data is available to make an accurate determination as to what the well will produce. As announced earlier, the anticipated I.P.R. based on testing results is 150 bpd. The Imperial Light 36.5 degree oil was quoted on Friday, January 20th, at $62.82 per barrel. Initially, oil will be trucked to the Husky "7-1" tank battery for sale and shipping approximately 2 1/2 miles away.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves, any near-term production or cash flow and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, Silver Star's proposed production set-up and future expected operations at EVI, the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at www.silverstarenergy.com.
Silver_Star26012006.bmp
Monday January 30, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Jan 30, 2006 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is pleased to report that the EVI " 7-11" oil well has begun commercial production at a rate of between 160 to 170 barrels per day.
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Husky Oil, one of Canada's largest oil companies, has been engaged to operate the well, located in the EVI field, for Silver Star. The first report from Husky indicates that the IPR (initial production rate) for the first full day of production is between 160 and 170 barrels per day. This exceeds the 150 barrels per day that was predicted based on testing. Transaction Oil and Gas of Calgary is coordinating with Husky the establishment of a maximum production rate for the well.
Silver Star will continue to update the " 7-11" well production rates when made available if the rates changes. The Imperial Light 36.5 degree oil was quoted on Friday, January 27th, at $60.92 per barrel. The Company will now begin trucking the production to the Husky " 7-1" tank battery for sale and shipping. The facility is approximately 2 1/2 miles away. The issue of a pipeline connection is now being examined in order to determine if construction is presently justified or if a second well is required.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Notice Regarding Forward-Looking Statements
This news release contains " forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves, any near-term production or cash flow and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, Silver Star's proposed production set-up and future expected operations at Evi (including the drilling of additional wells), the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at www.silverstarenergy.com.
Contact:
Investor Information:
1-888-803-SVSE (7873)
Silver Star Energy, Inc.
--------------------------------------------------
Source: Silver Star Energy, Inc
| Press Release | Source: Silver Star Energy, Inc. |
North Franklin "F-1" Well Spud Announcement -- Surface Casing Set and Drilling Ahead
Tuesday March 7, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 7, 2006 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today announces that the "Archer-F-1" gas well spudded March 5th and is drilling at the North Franklin Project, Sacramento California.
The 12,000 foot "Archer-F-1" well has been designed to test both the producing Winters sands as well as the Forbes; the primary objective of this well. The Winters Formation sand reservoir is expected to be reached in approximately 7 days. All parties have advanced funds in full for the drilling costs of the well.
Silver Star will release occasional updates as to the status of the well when information is made available from the operator.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves, any near-term production or cash flow and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at www.silverstarenergy.com.
Wednesday March 22, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 22, 2006 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today is pleased to announce that it has reached a tentative agreement respecting the acquisition of a minimum of a 25% interest in a private Alberta oil and gas company ("Altaco"), either by the purchase of shares or the acquisition of an interest in specified assets. Altaco is presently undergoing a formal valuation of its assets. Upon the completion of the valuation, details of the acquisition will be finalized. It is expected that the price paid for the assets or shares acquired will include a combination of cash and equity.
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Altaco has a majority interest in a mid-stream natural gas play located in Southeastern Alberta. The project targets one of few undeveloped gas fields remaining in southern Alberta and Altaco has taken advantage of a unique opportunity to develop a large lease package with significant reserves contained in an area of comparatively shallow targets, while maintaining a position as owner and operator of a significant portion of the pipeline and related infrastructure. As weather permits, Altaco is planning to explore and develop the potentially significant reserves contained in three highly prospective zones. Altaco currently owns a majority interest in a natural gas plant facility that is linked to a transporting pipeline that runs south near the U.S.-Canadian border. It also owns the pipeline infrastructure that will be used to tie-in targeted production areas.
Altaco is currently in negotiations with several major oil and gas companies to significantly expand its area land position. It is also expected that, with control of the critical infrastructure in the area, other producers will be obliged to deal directly with Altaco. Silver Star estimates that the costs of developing the project will be an average of 40% lower (based upon prevailing industry rates) than would ordinarily be expected due to the position of Altaco as operator, combined with its strategic partnership and close alliance with a fully operational drilling company and its related personnel.
Robert McIntosh, President of Silver Star, states, "This acquisition is representative of Silver Star's near-term objective; to increase levels of vertical integration as circumstances permit in order to enhance control and profitability in all aspects of its oil and gas operations. The strategic partnerships with drilling contractors and other industry personnel that Silver Star has developed on its own, and that exist through Altaco, will allow Silver Star to efficiently and cost effectively exploit identified projects and reservoir targets at a time when the industry is plagued by a shortage of oil and gas field equipment, parts and personnel."
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves (specifically respecting operations conducted through Altaco), any near-term production or cash flow and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual reports on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at www.silverstarenergy.com.
Contact:
Investor Information:
1-888-803-SVSE (7873)
Silver Star Energy, Inc.
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Source: Silver Star Energy, Inc.
| Insider & restricted shareholder transactions reported over the last two years | |||||
| Date | Shares | Stock | Transaction | ||
| 27-Mar-06 | 156,000 | SVSE.OB | Planned Sale (Estimated proceeds of $53,040) | ||
Ich bin neu hier und kenne vielleicht noch nicht die Gepflogenheiten hier. Aber was hat die o.g. Meldung wegen des Insiderhandels zu bedeuten? Gibt es da irgendwelche Untersuchungen gegen Silver Star?
Bin schon länger investiert und warte darauf das die Aktie endlich mal ausbricht. Sieht doch eigentlich sehr gut aus, oder? Scheint doch Potenzial zu haben?
Heute hat jemand 700.000 Stücke zu 0,10 EUR gekauft. Die Order wurde um 9.04 Uhr ausgeführt, also hatte es da jemand sehr eilig. Heftiges Volumen für diese Aktie.
Weiß da jemand mehr ???
Habe zum Glück dieses Papier nie angefasst.
Was ist eigentlich aus diesem (Luft)Laden geworden?
Pleite, Konkurs oder Bankrott oder besteht dieser Laden,
wie so üblich, nur auf dem Blankopapier?
Wer weiß mehr darüber, was mit Silver Star so geworden ist.