SOURCE: Silver Star Energy, Inc

June 01, 2005 09:00 ET

Silver Star Produces 1,375 Barrels of Oil for Month of May at "13-27" Well

LOS ANGELES, CA -- (MARKET WIRE) -- June 1, 2005 -- Silver Star Energy, Inc. (OTC BB: SVSE) today announces the May 2005 production totals at the "13-27" well at Joarcam, Alberta. Oil production for the month of April was 1,375 barrels. Production has been shipped and sold. The purchaser of the Joarcam production is Nexen Marketing Inc. of Calgary who remits payment to the operator and net revenue is then forwarded to Silver Star. May had an average daily production rate of 44.4 barrels per day. In 3 months the well has now cumulatively produced 4,089 barrels.

The "13-22" well as earlier reported is now being readied for production. The Company has been informed that production facilities are now being constructed and the well will be producing shortly. Barrels per day will be established as the well is put on pump.

Currently, the 38 degree API light oil at Joarcam has been priced at over $61.00 CDN ($51.00 US) per barrel. The project is a low risk development property with oil at shallow depth, short payback period and long life reserves. The play is located in the "Viking C" pool adjacent to the established Joarcam Viking pool, the largest Viking hydrocarbon accumulation in Alberta, Canada.

Two oil wells have now been drilled, completed and put into production by Silver Star under the Company's overall development strategy at Joarcam. This plan is to drill up to 10 wells during 2005. With success at Joarcam, it is anticipated that the field could produce 500 barrels of oil per day (bbls/d) if fully developed. Silver Star is currently on track to meet this expectation.


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

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