Pipeline Tie-In Begins at North Franklin
Monday March 14, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 14, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) 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.
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.
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"
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at
www.silverstarenergy.com
Contact:
Contact:
1-888-803-SVSE (7873)
Silver Star Energy, Inc.
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Source: Silver Star Energy, Inc.