Silver Star Announces North Franklin ArcherWildlands 1 Gas Well Spud Date Production Update
April 24, 2005 -- Silver Star Energy, Inc. (OTCBB: SVSE) today announces that the Company has received a timeframe for the spud of the Archer-Wildlands #1 well. The drilling will commence in early May and the Company anticipates the well to be completed before May 15th. This will be the second in a series of wells to be drilled in 2005 in the development plan for the North Franklin gas reservoir. As earlier reported, Silver Star has advanced funds in full to the operator for the Company's 40% working interest cost of the well to completion. The "Archer-Wildlands #1" well is licensed, permitted and the well site preparations are ongoing. A drill contract has been signed and a drilling rig has been secured for the well.
Silver Star will be receiving the gas production totals from the "Archer-Whitney #1" well which went on commercial gas production March 21st. The Company now has been in production for one full month on April 25th and will report figures when received in full from the operator. Just as the Company recently reported its first month's oil production at the Joarcam 13-27 well, similar reporting will shortly be forthcoming from North Franklin.
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. (OTCBB: SVSE), visit our website at
www.silverstarenergy.com.
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Silver Star Announces North Franklin ArcherWildlands 1 Gas Well Spud Date Production Update