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Rasica
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General Alert! Super Spike Imminent...

..with any news from SVSE management about multi-project financing. Watch for this announcement. My take is that it will come within the next 5 to 10 trading days. Financing will cover N. Franklin 6 well completion, and "step-up" of the Evi & Jaoracam projects.

Financing climate and timing favorable to SVSE with the substantial increase in oil/ng futures market relative to current producing assets, combined with adding the Kansas oil field project, which by the way, may very well turn out to be SVSE's "core oil asset" as well as the "deciding factor" for bankers to approve $25-35 Million in financing.

If the above occurs the way I envision it, SVSE's pps will super-spike in a single trading session easily to $1.75 to $2.00, may be possibly as high as $2.25. After that, within a year's time of exploitation-to-market of all of SVSE's assets, with serious cash revenue falling to the bottom-line, a listing on a senior exchange is likely less than 18 months away. Imagine that, SVSE on a senior exchange trading a $7-8 dollars/share, all without the need of an IPO. Now, that's what I call gifted management. I hope to be 100 Heavy far before then.

If anyone is thinking about adding to their position, or buying in as a newbee, you had best do it soon and get off the fence. As for me, my plan has already been laid; going to 50 Heavy.

Good luck to all!

Cheers!

Oilspotter-

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All IMHO. Do not rely upon anything I post to base your financial decisions upon.

Posts: 970 | From: Montana | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
Rasica
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News Releases

9/27/2005 12:06:09 PM ET News Release Index


Silver Star Reports Joarcam September Oil Production

LOS ANGELES,CA, Sep 27, 2005 (MARKET WIRE via COMTEX) --

Silver Star Energy, Inc. (OTC BB: SVSE) today reports that 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.

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All IMHO. Do not rely upon anything I post to base your financial decisions upon.

Posts: 970 | From: Montana | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
   

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