SOURCE: Silver Star Energy, Inc.

November 09, 2005 09:00 ET

Silver Star Updates EVI "7-11" Well Progress

LOS ANGELES, CA -- (MARKET WIRE) -- November 9, 2005 -- Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the Company has executed an Authority for Expenditure (A.F.E.) and advanced funds in full to the operator totaling $217,000 for the commencement of the final well completion program at the "7-11" well located at EVI, Alberta.

Transaction Oil and Gas Ventures, the operator of the project, has secured a work-over rig required to implement the EVI "7-11" oil well fracture stimulation program. The program involves the "fracing" of the oil bearing Slave Point formation, which was conventionally swab tested in 2004 during the completion program at that time. The operator has informed the Company that a rig will be available to commence the work on or about November 21.

The July 2004 program tested oil-bearing zones that were indicated by the presence of oil on logs. Testing of a 7.0-metre section of the Slave Point Formation concluded that the "7-11" well was completed as an oil well and that the well has established that the Slave Point is oil bearing at this location. The July 2004 swab testing on the "7-11" well did not establish production at commercial rates under the well's current state of completion and concluded that a fracture program was required. Log analysis indicates that the oil reservoir in this well is better than in a nearby well that has produced over 100,000 barrels of oil to date and is still producing.

If successful, the well could be put on production with existing infrastructure to the south on lands being developed by Husky Oil. The total cost of the program has been budgeted at $300,000.


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

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    Silver Star Energy, Inc.