SOURCE: Silver Star Energy, Inc.

August 24, 2005 09:00 ET

North Franklin Gas Production Surpasses 3.0 Mmcf Per Day

LOS ANGELES, CA -- (MARKET WIRE) -- August 24, 2005 -- Silver Star Energy, Inc. (OTC BB: SVSE) today is pleased to announce that the daily gas production at the North Franklin Gas Field has now surpassed 3.0 Mmcf per day from production at the two wells, Archer-Whitney #1 and Archer-Wildlands #1.

Silver Star has earlier reported the operator's strategy, which is to move the production rate up over a period of weeks, and will be undertaking additional flow rate increases over time. After each increase of the production rate, an evaluation period will be required to assess the well pressures, performance and to maintain reservoir integrity.

On August 22, the PGE-Citygate gas pricing from North Franklin production was $8.19 per Mcf. NYMEX gas futures through November to March are now greater than $10 per Mcf.


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.