SOURCE: Silver Star Energy, Inc.

September 06, 2005 10:49 ET

/ CORRECTION - Silver Star Reports Gas Production of 75.89 Mmcf for August From North Franklin

LOS ANGELES, CA -- (MARKET WIRE) -- September 6, 2005 -- In the news release, "Silver Star Reports Gas Production of 75.89 Mmcf for August From North Franklin," issued earlier today by Silver Star Energy, Inc. (OTC BB: SVSE), we are advised by the company that the headline should read "Silver Star Reports Gas Production of 78.89 Mmcf for August From North Franklin" rather than "Silver Star Reports Gas Production of 75.89 Mmcf for August From North Franklin" as originally issued. Complete corrected text follows.

Silver Star Reports Gas Production of 78.89 Mmcf for August From North Franklin

LOS ANGELES, CA -- 09/06/2005 -- Silver Star Energy, Inc. (OTC BB: SVSE) today reports on the gas production totals for the month of August. Production was from the two gas wells, the "Archer-Whitney #1" and "Archer-Wildlands #1" at the Company's North Franklin gas reservoir. August production totaled 78.89 Mmcf for the month.

The "Archer-Whitney #1" well produced 49.16 Mmcf during the month, and the "Archer-Wildlands #1" well produced 26.73 Mmcf after production began on August 8th. Since August 22nd, after increasing the flow rates, combined production has been at 3.0 Mmcf per day for the two wells.

Silver Star receives PGE-Citygate gas pricing from North Franklin production, which on September 2nd was quoted at $9.64 per Mcf. Gas pricing is up over $3.00 per Mcf since commercial production began in March of this year.

Robert McIntosh, Company President, stated, "Silver Star anticipates that the revenue check for August will be in excess of $175,000 to our net revenue interest, clearly a milestone first month of production from both wells. As we increase flow rates over time, the Company will continue to report on the daily rate production numbers. In addition, Silver Star continues to watch sharply rising NYMEX natural gas futures that on September 2nd were quoted between $11.76 for October and $12.11 through March over the winter months due to natural gas supply concerns over the recent tragic developments in the Gulf."


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.


Silver Star Energy, Inc.

Robert McIntosh-President

To find out more about Silver Star Energy, Inc. (OTC BB: SVSE), visit our website at

Contact Information

  • Investor Information:
    1-888-803-SVSE (7873)
    Silver Star Energy, Inc.