posted
All I can say is I`m trying to rid myself of other stock I`m not sure of and trying to secure more of svse while the getting is good! I cannot see it dropping any more down the pike.
Posts: 13 | From: jacksonville | Registered: Feb 2005
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posted
Looks like its recovering... but anyways other then that... J Tex.. dont ever fall in love with a stock.... thats the # 1 rule in trading.. dont ever think a stock wont go down the "pike" further because it can.. i have made the same mistake in the past with that thinking... always limit your losses and protect your profits.. im not saying do that with this stock because to me this one is a good one like i predicted.. but just in general with all stocks... always have stop/losses...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
It's at .84 as of 12:44 PM EST..It looks to be forming a Double Bottom pattern.. I would get out and then get back in when it starts forming the last leg of the "W" pattern..
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
In such case would you guys be holding your positions or selling it now and taking a loss and then buying again at later point. I had bought the other day at 0.94 and am thinking of selling it before it hits too low.
-------------------- Tas Posts: 64 | Registered: Jan 2004
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posted
I would say try to bring your average down if you can.Long term...well I hope i'm right,but .94 will be the price everyone wished they would've bought at.With all the positive things going for the Co. this could be back @ the 1.75-2.00 range EOY.I bought in @ .90 & .80 for an average of .85 i'm not worried cuz I know this is just the MM collecting shares & pushing people to sell.If we all held this would probably be at least $1.25 or so right now.
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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LOS ANGELES, CA -- (MARKET WIRE) -- 03/14/05 -- 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 tie-in operations of the "Archer-Whitney #1" well have commenced. The crew is onsite and has begun the tie-in of the well.
The operation involves the boring of approximately 20 feet underground and connecting the last 177-foot section of the pipeline to the gas well. The operations are estimated to take several days following which the well will be put online and gas production can commence.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
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 11th gas price based on PG&E-Citygate pricing is $6.46/mcf.
posted
::: looking at candlestick chart right now ::: like i said .. Double Bottom Pattern... after hours trading has it on the uptrend... I fully expect it to finish up tomorrow... though nothing is 100% and i could be wrong... but we shall see..
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
So far ive been right.. as of 11:50 AM EST it is on the uptrend like i predicted it would be but the day isnt over yet... i wonder where everyone disappeared to.. i guess they had no faith in my posts .. :: sniffles :: lol jkk
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
still here Mach.. LOL, just not really too worried about this one...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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<Intriging>
unregistered
posted
I invested in this at .91 and am a little worried, but I'm holding this for the long term. Where do you see this going in the long term?
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posted
i've been watching this Mach too. I may just get in tomorrow. I don't know. The overall market does not look good now. The thing going for this stock is it's an energy stock. It may consolidate from here. It didn't form a bullish engulfing pattern like the first bottom. Will keep an eye out tomorrow.
Posts: 1421 | From: USA | Registered: Dec 2004
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posted
today the market did really bad (so did the Nikkei and other markets aroundt the world) but i think it will "correct" itself tomorrow and SVSE will go up with it especially since its RSI is hooking up.. again i could be wrong.. but I was right about it finishing up today even if it wasnt by much it still did nonetheless...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
With everything positive so far,this should do real good long term;right now they are still setting up so to say.3rd & 4th Qtr this should be rolling IMO.
Last Candle looks good!
-------------------- Greedy Because I'm Broke!! Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
Oil is up at $57 a barrel today and our little stock is not on the uptrend today following it? hmmmmm but its still at support so may bounce off tomorrow or monday...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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Major News Out!!! North Franklin Pipeline Tie-In Finished -- Gas Production From "Archer-Whitney #1" Well Can Now Begin Friday March 18, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 18, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is pleased to report that the pipeline at the North Franklin Project has been finished. The "Archer-Whitney #1" gas well has now been tied-in and will be put online. ADVERTISEMENT
A gas sales contract is in place with a natural gas purchaser. Once official production begins, the gas well will be evaluated as to I.P.R.s (Initial Production Rates). Flow rates will now be established by the performance of the well and response of the reservoir. The Company has always expected excellent deliverability from the well and is optimistic that ultimately, gas flow rates will be similar to area analog gas fields and that 5,000 mcf/day is a realistic flow rate target.
Robert McIntosh, President of Silver Star stated, "The completion of the pipeline at North Franklin is a milestone for the Company. After undergoing lengthy delays, the 'Archer-Whitney #1' well can now be put online at a time when energy prices are soaring due to increased demand. Now, Silver Star can focus on the development of the gas field in the upcoming months by drilling more wells and increasing cash flow to the company."
Today's gas price based on PG&E-Citygate pricing is $7.09 mcf.
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.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Silver Star Energy.
Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
now all it has to do it keep going up instead of down.. somehow that sounds easier than it is..
-------------------- "Gentleman, you have come sixty days too late. The depression is over." Herbert Hoover 1930 Posts: 678 | From: currently in hiding due to investigation | Registered: Oct 2004
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posted
looks like its going into a consolidation now.. price is unchanged... the volume was low and not much buyers or sellers for the day... meaning people are still holding onto the stock and keeping a sharp eye on it to see what it does... before they decide what to do with their shares.. let's see what tomorrow brings...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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North Franklin Gas Production From "Archer-Whitney #1" Well Begins Tuesday March 22, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 22, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is pleased to report that natural gas production has begun from the "Archer-Whitney #1" gas well. The operator of the North Franklin Project informed the Company that the well was put on production and began flowing gas into the gas buyers system. A gas sales contract is in place with a natural gas purchaser and Silver Star will begin to receive revenue as of today's date.
The operator of the project has choked down and metered the flow at an initial rate of 2.0MMcf and will be increasing the flow in small increments until the pressures from the reservoir stabilize at an acceptable rate that will not damage the casing or productive sand layer. It is critical for the field health to inhibit a simple open flow and to choke down pressures to prevent gas reservoir "coning" and drawing water into the sands by the outgoing gas.
The Company will endeavor to release further gas flow rates from the well as soon as numbers become available. The gas well will now be evaluated as to I.P.R.s (Initial Production Rates) and flow rates will be established as to the performance of the well and response of the reservoir.
The Company has always expected excellent deliverability from the well and is optimistic that ultimately, gas flow rates will be similar to area analog gas fields and that 5,000 mcf/day is a realistic flow rate target. The production rate will now be evaluated and assessed by the Company, partners and operator as to optimal numbers for the well and reservoir.
Robert McIntosh, President of Silver Star, stated, "The inaugural production at North Franklin is a tremendous accomplishment for the Company. Now that the well is finally online it comes at a time when gas prices continue to rise due to high demand and Silver Star is positioned to take advantage of these natural gas prices. The Company has plans for drilling 5 more wells on the leases and the second well is scheduled to begin drilling immediately on the lease when the conditions allow us to mobilize drilling equipment."
Monday's gas price based on PG&E-Citygate pricing is $7.19 mcf.
Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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