posted
Closed at .91... hehehe.. and i guess i was right it did become a Double Bottom Pattern/Formation... on rising volume.. look for a continuing uptrend now... if the market can hold up steady for once lol ...
-------------------- Let the world change you... And you can change the world.
posted
Nice Volume, so far 1/2 a million.If we can close @ .90+ the rest of the week this will give us strong support at this level.So Far So Good!
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posted
It looks all positive tome, can anyone see anthing that is negative with or about this company? It`s a long term for my money, looking to keep on growing and making profits!
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posted
I have a feeling this one will finish down instead of up today.. the candlestick pattern looks like a Evening Doji Star.. volume is still not that great but its only 11:38 AM EST ... so far its down .01 ... but hopefully the Evening Doji Star won't hold up and it will turn around.. if not there is always tomorrow...
-------------------- Let the world change you... And you can change the world.
posted
volume is low for the day so far... Bulls and Bears are battling it out so far.. Bears are slightly winning with the stock being .01 below yesterday...
-------------------- Let the world change you... And you can change the world.
posted
Looks like its about to bounce off of Support again.. Market did very good today... and i expect this one to bounce tomorrow or friday before the weekend...
-------------------- Let the world change you... And you can change the world.
Silver Star Energy To Be Covered By Investrend Affiliate SISM Research
TUESDAY , MARCH 29, 2005 12:57 AM
Mar 29, 2005 (financialwire.net via COMTEX) --March 29, 2005 (FinancialWire) Investrend Research affiliate SISM Research is initiating coverage on Silver Star Energy (OTCBB: SVSE).
Silver Star Energy, Inc., based in Los Angeles, has targeted low to medium risk ventures of natural gas properties in California and oil and gas properties in Alberta, Canada that have the potential for short-term returns as well as longer reserve lives. Through a series of strategic acquisitions via its key alliance partnerships, Silver Star Energy, Inc. has positioned itself for rapid organic growth.
During 2004, the company's exploration and development programs were successful. SVSE has working interests natural gas properties, located in a prolific gas producing area of the Sacramento Basin with combined estimated probable gas reserves of more than 140.5 Bcf. The company's Alberta oil projects have estimated probable oil reserves of more than 4.5 million barrels and gas reserves of 4.0 Bcf.
"Commercial oil production began at Joarcam in Alberta on March 1st and natural gas in California on March 22 at the North Franklin Gas Field. Silver Star is now a cash flow positive company," said Ernest C. Schlotter, oil and natural gas analyst with SISM Research.
He added, "Proved undeveloped reserves, represent the future of a growing company like Silver Star Energy, Inc. and the company has increased its capital expenditure budget to $7.0 million for the current fiscal 2005. This capital expenditure budget is financially secured and, in addition, the company will reinvest cash flow from operations. Increased drilling activities will lead to rapid growth in the company's production volume, earnings per share cash flow as well as ameliorate Silver Star's underlying net asset value growth."
SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX.
This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall, to Multex, and InvesTrend. Both SISM Research and InvesTrend Research subscribe to the "Standards for Independent Research Providers."
Silver Star Energy, Inc. will pay SISM Research $1,750 per month over a two-year period solely to ensure independent coverage.
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.
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
posted
starting to bounce of as of 2:11 PM EST ... up .01 so far.. volume isnt much though... I would most likely sell it off before closing today and see what next week brings to re enter the position... but let's see how the rest of the trading day goes..
-------------------- Let the world change you... And you can change the world.
March Production at Joarcam 13-27 Well Totals 1414 Barrels Oil -- Initial Production Averages 49 Barrels per Day Monday April 4, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 4, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today announces the March production for the 13-27 well at Joarcam, Alberta. The well commenced commercial oil production on March 1, 2005, and the Company has received production results for the first 29 days. Total oil produced and shipped for sale was 1414 barrels with an average daily production rate of 49 barrels per day. ADVERTISEMENT
The swab test analysis of the well during the completion phase indicated that the production rate should exceed the original estimate of 75 barrels per day. The I.P.R.s (Initial Production rates) are being evaluated and production has, over many days in the month, exceeded a rate of 60 barrels per day. The Company and operator are analyzing the results and will determine whether a larger down-hole pump may be required to increase the flow rates of the well. Total fluid measured during the testing period indicates the well should perform better. However, during this current period of Government imposed road bans, equipment to perform this operation cannot be moved to the well site until spring breakup is complete.
The 13-27 well is the first of a multi-well program drilled at Joarcam by Silver Star. The 2005 development program calls for the drilling of a minimum of 10 wells to develop the field. The Company has previously announced that the 5-22 well is ready to drill as soon as conditions allow following spring breakup in Alberta. When fully developed, the 10 wells should give a daily production rate at Joarcam of 500 barrels per day.
Robert McIntosh, President, states, "The first full month production at Joarcam is what we believe to be the start of a lengthy and profitable operation." On March 31st, statements were made by influential investment bank Goldman Sachs in a research report. The analyst predicted that oil prices could touch $105 a barrel in the next few years and that the world energy market is in the early stages of a "super-spike" period that could see 1970s-style price surges. This forecast was quoted as "conservative" from Goldman Sachs and staggered the oil markets. Mr. McIntosh further stated, "As Joarcam is developed, the oil reserves will become a core asset to the Company's future cash flow."
Using current "West Edmonton Light" pricing for Joarcam light crude oil, Silver Star has now projected that the well has generated $80,600 in revenue or $967,000 per year and will payout its entire cost in 7 months. The long-life reserves in the Viking allow wells to be in commercial production for 20 years. Currently, the 38-degree API light oil at Joarcam has been priced at over $57.00 per barrel ($67.00 CDN). The prospect lands are located about 25 miles southeast of Edmonton, Alberta and there is year-round access to the property.
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.
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ABP is up .26 for the day... but i would becareful with this one now.. its overbought.. it could "correct" itself in the next 2 days.. SVSE on the other hand is up .04 for the day with a Bullish Engulfing candlestick Pattern... but have to wait for tomorrow for confirmation..
-------------------- Let the world change you... And you can change the world.
posted
Silver Star Announces Plans for Next North Franklin Gas Well -- "Archer-Wildlands #1" in Preparation to Drill April 7, 2005: 9:00 a.m. EST
LOS ANGELES, CA (Market Wire) - Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the Company has executed an Authority for Expenditure (A.F.E.) for the "Archer-Wildlands #1," the next gas well to be drilled under the overall development plan for the North Franklin Project. Silver Star has advanced funds in full to the operator totaling $152,000 for the Company's 40% working interest cost of the well to completion.
The "Archer-Wildlands #1" gas well is licensed, permitted and the well site preparations are ongoing. The Company expects a tentative spud date upcoming later this month, dependent on ground conditions. A drill contract has been signed and a drilling rig has been secured for the well. Silver Star will update the progress of the operation when the operator has determined a firm spud date.
Robert McIntosh, President, states, "With the recent commencement of commercial gas production, Silver Star is pleased that the second gas well is now to begin as part of the 2005 development plan for the North Franklin gas reservoir."
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.
-------------------- Greedy Because I'm Broke!!
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How Low can this one go lol anyways they made a announcement about a Well for next month...
Updated: 09:22 AM EDT Silver Star Announces Plans for Next North Franklin Gas Well -- "Archer-Wildlands #1" in Preparation to Drill
LOS ANGELES, CA -- (MARKET WIRE) -- 04/07/05 -- Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the Company has executed an Authority for Expenditure (A.F.E.) for the "Archer-Wildlands #1," the next gas well to be drilled under the overall development plan for the North Franklin Project. Silver Star has advanced funds in full to the operator totaling $152,000 for the Company's 40% working interest cost of the well to completion.
The "Archer-Wildlands #1" gas well is licensed, permitted and the well site preparations are ongoing. The Company expects a tentative spud date upcoming later this month, dependent on ground conditions. A drill contract has been signed and a drilling rig has been secured for the well. Silver Star will update the progress of the operation when the operator has determined a firm spud date.
Robert McIntosh, President, states, "With the recent commencement of commercial gas production, Silver Star is pleased that the second gas well is now to begin as part of the 2005 development plan for the North Franklin gas reservoir."
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, Inc.
Robert McIntosh -- President
To find out more about Silver Star Energy, Inc. (OTC BB: SVSE), visit our website at www.silverstarenergy.com.
Investor Information: 1-888-803-SVSE (7873) Silver Star Energy, Inc.
20050407
-------------------- Let the world change you... And you can change the world.
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