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Silver Star Receives Final North Franklin Gas Pipeline Permit -- Tie-In Construction Can Now Commence LOS ANGELES, CA - MARKET WIRE - 03/07/05 Silver Star Energy, Inc. (OTC BB: SVSE) is pleased to report that the operator of the North Franklin Project has informed the Company that the final government permit allowing for the completion of construction of the North Franklin gas pipeline has been received from the U.S. Fish and Wildlife Service. The permit covers the easement over the final 177' of the gas pipeline.
The Company has also been informed that the final construction of the short tie-in of the pipeline will now commence with a crew to implement the underground boring operation now being organized for the job. Silver Star anticipates the tie-in to be completed shortly, following which gas production will occur from the "Archer-Whitney #1" well. The progress of the tie-in will be updated as events unfold.
Silver Star has previously announced that a contract is in place with a natural gas purchaser. When final connection and tie-in is completed, the well will be evaluated as to I.P.R.s (Initial Production Rates). Silver Star is optimistic that gas flow rates will be similar to area analog gas fields and that 5,000 mcf/day is a realistic target.
The March 4th gas price based on PG&E-Citygate pricing is $6.47/mcf.
-------------------- Greedy Because I'm Broke!!
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getting the final permits for connecting the gas well should have broken this out... i don't like the way the trades have been going between the bid/ask, but i'm in for long so i took advantage to add some more...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Are they any replies to the facts that this company is about to break out and junp 20 to 100% increase with all the cash flow in the forseeable future of SVSE!
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I`m glad to see more enthusiasium seems to thrive is the chat room with investors that can visualize this company going to highs that will continue throughout the year!
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