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[QUOTE]Originally posted by Rasica: [QB] Silver Star Energy Reports Silver Star Energy Reports Its Joarcam Project Oil Production For September Sep 28, 2005 (financialwire.net via COMTEX) -- September 28, 2005 (FinancialWire) Silver Star Energy, Inc. (OTCBB: SVSE) has reported the September oil production from the "13-27" and "13-22" wells at the Joarcam Project will total 1,845 barrels for the 30-day production period of September for the two producing wells. The daily rate of oil production is currently 61.5 barrels per day for both wells. The "13-27" well is producing at a rate of 38 barrels per day and the "13-22" well is producing at a rate of 23.5 barrels per day, up modestly from the 22 barrel per day rate for August. The Joarcam Project has now cumulatively produced over 10,700 barrels in the past 7 months. August production revenue to the project totaled $138,000 and September is estimated to be $120,000. The two wells continue to exhibit steady production and the company and operator are working to maximize the barrels per day production. Currently, the 38 degree API light oil at Joarcam has been priced at over $78.00 CDN ($63.00 US) per barrel. Silver Star ships and sells its oil production to the Nexen facility near the Joarcam Project. Silver Star Energy is covered by Investrend Research affiliate SISM Research's analyst, Ernest C. Schlotter. On April 14, 2005, Schlotter initiated coverage with a "Speculative Buy / 4" rating, and a 12-month target of $1.50. SISM Research is distributed by the Investrend Research Syndicate. Both SISM Research and Investrend Research subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com,,, and adhere to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute ( http://www.niri.org))) and the CFA Institute ( http://www.cfainstitute.org))) According to the New York Times (NYSE: NYT), a survey by Charles Schwab & Co. reveals an astonishing 78 percent of active stockholders now "value research from independent firms over analysis by Wall Street firms with financial ties to the companies they are rating." A survey at Investopedia reveals that 74.7% of investors say that "legitimate fee-based research is objective and useful," and 70.9% say that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." Silver Star Energy is paying SISM Research $1,750 per month over a two-year period solely to ensure independent coverage.There are never any fees associated with FinancialWire, which independently covers a wide range of corporate news, including but not limited to those that are or have been enrolled in Investrend's platforms. Complete information about any company enrolled in an Investrend Research affiliate platform, including disclosures and disclaimers, is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes , and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company. For up-to-the-minute news, features and links click on http://www.financialwire.net FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279 The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268 http://www.financialwire.net [/QB][/QUOTE]
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