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Yeh, the SEC has done this before, long after the A.L.J. rendered a "final decision" to revoke a company's stock registration(s).
Hard to fathom why.
do you get the feeling that the sec is confused?
https://www.sec.gov/litigation/opinions/2021/34-91692.pdf
SSEY SEC Suspension:
http://www.sec.gov/litigation/suspensions/2014/34-71835.pdf
Order:
http://www.sec.gov/litigation/suspensions/2014/34-71835-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2014/34-71834.pdf
SSEY 0.0022 - Targets 0.007 / 0.015
http://stockcharts.com/h-sc/ui?s=SSEY&p=D&yr=3&mn=0&dy=0&id=p97486732401
Let's wake this thing back up
Wow hit 04 recently what a sleeper... Someone is buying SSEY up why why why didnt I not buy buy buy lol
haha "whelp". ill let u know bro. TY!
Nice, sent him an e-mail a few months back ago i think, never got a reply
All I can find is they are bankrupt, a bank has them by the ball$, and the CEO sold shares the last filing lol... maybe I can get this guy on the phone. I wonder wonder wonder who is buying it... will watch L2 today.
i agree... someone is buying it. and accumulates like this for fun imo...
Been scanning NV SOS/no update there but could be something coming with this buying...JMO of course
I dont know... may have to start sniffing
Still got a few, have noticed the accumulation lately...wonder what's up?
SSEY, still got some? , someone's buying this hard... radar
SSEY .0011/all time high vol. today/2.3 milly traded
Nice trading action today, looks like this could get back above .40 shortly...
Go up for LSU ;)
Hello... and yes... to message... better I do not post there IMO! :) keep away the rift raft ;)
no reply needed... this was up 34% today if you in... and if in hope it goes back up above that news or wherever you may or may not have bought for ya ... etc...
stock market is tough right now but hopefully everything turns SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON
Big news today on the Haynesville reserve potential in the Sentell field! I would hope some of these wells could end up rivaling the Elm Grove wells down in south Bossier Parish.
Not much news from these guys recently, and I hate to see NG so low ($4.15/Mcf today). I don't know how much of their position is hedged. In my opinion, these low prices make the odds of SSEY getting bought out by a bigger player much higher.
It's definitely been a brutal few days for the energy complex, but surprisingly enough, SSEY might be able to weather the storm better than some of the bigger players like Chesapeake and Petrohawk. They paid $5000/acre or more for leases, while SSEY paid just a few hundred dollars per acre. If you look at the November presentation, SSEY has a breakeven price of about $3/Mcf for cotton valley and haynesville wells.
Looks like we are forming a nice base here in the .50-.60 range. It should be interesting to see the Haynesville results from the Burt 20-1 well in a few weeks.
Nice PR today, it'll be interesting to see how the Burt 20-1 haynesville test turns out.
Broke through .60 nicely! Looks like those .40's I loaded up on are a thing of the past.
Natural gas prices are up 4% today, busted through $7. In my opinion, SSEY could easily be $.75 by Christmas and $2-3 by Christmas '09.
Company: Southern Star Energy Inc. (SSEY)
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End of Day: $ Close: 0.450 Volume: 85,470
$ Change: 0.090 % Change: 25.000
Dollar Volume: 38,462
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3 Month : $ High 1.100 Volume 3m avg: 23,461
$ Low: 0.360 % Change 3m: -1.046
Dollar Volume 3 m: 19,313
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Compensation: Red Chip Companies - a fee of $7,500 per month and $5,000 of Rule 144 stock per month for investor relations services.
bought more this morning when the news came out. got these at .40 (half price sale). I'm trying to buy more DYRFF now (they have a 20% interest in the Sentell field and the price is .08)
If you look on Southern Star's website, under the investor relations tab they have a powerpoint presentation. The breakevens for Cotton Valley wells and Haynesville Shale wells are $3.11 and $6/Mcf, respectively. So with NG at 6.8/Mcf right now, they do have a slim margin for error with NG prices here. However, I think we will have a cold winter so that should get NG prices back to $9-10/Mcf. I will do some math later on.
SSEY Haynesville Shale News
** looks like this company is massively undervalued as we can expect around 200 feet of Haynesville Shale in most of the 5,700 acres of leases. I drove past the Atkins-Lincoln 17-2 well last night, looks like a Christmas tree.**
Southern Star Energy Announces Haynesville Well Discovery; Vertical Well Projected to Add to the Company's Reserve Base; Production Projected Before Year-End 2008
Friday October 17, 9:00 am ET
HOUSTON, Oct. 17 /PRNewswire-FirstCall/ -- Southern Star Energy Inc. (OTC Bulletin Board: SSEY, the "Company"), a fast-growing E&P company with reserves and production from leases located in northern Louisiana, today announced that it has successfully drilled and logged the targeted Haynesville interval in its Atkins-Lincoln 17-2 Well with positive results. The well reached a total depth of 11,300 feet on October 14, 2008. This well is strategically located in the center section of the Company's Sentell Field in Bossier Parish, Louisiana. The Atkins-Lincoln 17-2 is the second well in the Company's 2008 development program and the first of two Haynesville Shale vertical test wells in the Sentell Field planned for 2008.
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Wireline logging and mud log shows indicate the Atkins-Lincoln 17-2 Well encountered 205 feet of highly laminated, silty, and naturally fractured shale zone with cross plot porosities ranging from nine to 12 percent. Mud logs indicated abundant gas shows throughout the interval, ranging from 400 to 600 units with trip gas as high as 3,000 units. This interval exhibits the characteristics of the Lower Bossier Shale. Immediately below this laminated section, the well encountered approximately 185 feet of quality dark black organic rich shale. In this zone, gas shows ranged between 1,100 and 3,000 units. This lower interval exhibits all of the characteristics that the industry classifies as the Haynesville Shale. The wellbore is suspended with 7-inch intermediate casing through the Cotton Valley Formation at 9,500 feet in order to preserve the Company's options to complete the well as a vertical producer, or to re-enter the wellbore for horizontal drilling pending the development of completion techniques.
As a member of the Core Laboratories ("Core Lab") Integrated Reservoir Solution's regional Haynesville Shale Study, the Company's data are being incorporated into the Core Lab database for use in designing optimum completion techniques for horizontal drilling in the Haynesville play.
The Atkins-Lincoln 17-2 is the Company's seventh consecutive successful Cotton Valley well in the Sentell Field, and the first well to positively evaluate the Haynesville Shale. Each of the Company's seven Cotton Valley wells has similar log characteristics. Five of these wells are flowing into sales lines. The Company's sixth successful Cotton Valley well, the Cash Pointe 30-1, is scheduled to flow into sales lines in fourth quarter 2008.
David Gibbs, Southern Star President and Chief Executive Officer, said: "The preliminary results from the Atkins-Lincoln 17-2 Well represent significant news in the history of Southern Star Energy. We believed that we might be sitting on top of a significant Haynesville position, and I could not be more pleased now that we have evidence that the Sentell Field is right in the middle of the Haynesville play. We have extensive petrophysical analysis work ahead of us, and another vertical Haynesville test well to drill this year, but the initial results are positive. We believe Southern Star Energy remains a high-quality investment in these challenging times, and we are working tirelessly to develop our acreage on behalf of current and future shareholders."
Gibbs continued: "As we pause to consider the best way forward given these positive results, we are moving our rig southwest to the A S Burt 20-1 location. This next location is designed as a combination Cotton Valley development well and our second Haynesville evaluation well. We expect positive results in this location given the results from the Atkins-Lincoln 17-2 well. Importantly, this new well discovery should be additive to our reserve base and strengthen our total financial position. While we have adequate capital to carry out our 10-well drilling program, we believe our valuation and growth plans will support additional financing."
About Southern Star Energy
The Company's strategy is to acquire under-drilled oil and natural gas leases with significant proven development drilling opportunities, and use all available technologies to increase the valuation of the acquired assets. This strategy reduces the Company's risk, allowing the Company to build free cash flow for strategic acquisitions. The Company owns a 40% working interest and operates in approximately 5,400 leasehold acres in the Sentell Field, located in the heart of the known Cotton Valley trend north of Shreveport, Louisiana. To date, the Company has drilled seven successful tests of the Cotton Valley Sands, the first five of which are connected to the market and producing revenues. Shareholders and prospective investors and analysts are encouraged to visit the Company's website: http://www.ssenergyinc.com to learn more about the Company and the Cotton Valley Trend.
Cautionary Statements to Shareholders
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Southern Star Energy's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition; the anticipated timeline for initiating and completing drilling operations; the anticipated depth of current and future drilling operations; the anticipated work planned for particular wells; the placing of wells into production or onto the sales line; the estimated oil or natural gas production of a given well relative to the Company's other wells, using numerical estimates or otherwise; the ultimate effect of preliminary results or statistics on shareholder value; the actual investment value of the Company; and risks inherent in Southern Star Energy's operations. Often, but not always, forward-looking statements (1) can be identified by the use of words such as "projected", "planned", "options", "indicates", "is scheduled", "believe", "evidence" and "expect", or variations (including negative variations of such words and phrases); or (2) state that certain actions, events or results "should", "would", or "will" be taken, occur or be achieved. Southern Star makes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws or regulatory policies.
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Source: Southern Star Energy Inc.
About Southern Star Energy
The Company's strategy is to acquire under-drilled oil and natural gas leases with significant proven development drilling opportunities, and use all available technologies to increase the valuation of the acquired assets. This strategy reduces the Company's risk, allowing the Company to build free cash flow for strategic acquisitions. The Company owns a 40% working interest and operates in approximately 5,300 acres in the Sentell Field, located in the heart of the known Cotton Valley trend north of Shreveport, Louisiana. To date, the Company has drilled five successful tests of the Cotton Valley Sands which are connected to the market and producing revenues.
Southern Star Energy Announces New Cotton Valley Well Discovery
HOUSTON, Oct 02, 2008 /PRNewswire-FirstCall via COMTEX/ -- Southern Star Energy Inc. (OTC Bulletin Board: SSEY) (the "Company"), a fast-growing E&P company with reserves and production from leases located in northern Louisiana, today announced that it has successfully drilled and logged the targeted Cotton Valley interval in its Atkins-Lincoln 17-2 Well with positive results. The well reached planned intermediate pipe depth of 9,500 feet on September 26, 2008. Subsequent to logging the Cotton Valley and shallower horizons, 7-inch casing was set at 9,500 feet and the well is drilling ahead to test the Haynesville Shale at a planned total depth of 11,000 feet. This well is strategically located in the center section of the Company's Sentell Field in Bossier Parish, Louisiana. The Atkins-Lincoln 17-2 is the second well in the Company's 2008 development program and the first of two Haynesville Shale vertical test wells in the Sentell Field planned this year.
Wireline logging and mud log shows indicate the Atkins-Lincoln 17-2 Well encountered 68 feet of net effective gas pay in the Cotton Valley Formation. Notably, there are a number of pay sands correlative to the pay intervals in the Company's existing wells, which indicates the 17-2 well may produce similar results to the other Cotton Valley wells drilled in the Sentell Field. The Atkins-Lincoln 17-2 is the Company's seventh consecutive successful Cotton Valley well in the Sentell Field. Each of the Company's seven Cotton Valley wells has similar log characteristics. Five of these wells are flowing into sales lines. The Company's sixth successful Cotton Valley well, the Cash Point 30-1, is scheduled to flow into sales lines in 4th Quarter, 2008.
David Gibbs, Southern Star President and Chief Executive Officer said: "Our enthusiasm about the Sentell Field and our Cotton Valley Play increases with each well we drill. The well logs and formation evaluation for 17-2 are correlative to our previous successful wells, evidencing the viability of Southern Star's Cotton Valley strategy. The preliminary results from the Atkins-Lincoln 17-2 Well suggest that this well should produce positive results for our shareholders from the Cotton Valley Sands."
Gibbs continued: "As the Company drills ahead into the Haynesville Shale, we will work to determine the nature of our deep potential in the Sentell Field. We believe the deep test will confirm the presence of pay in the Lower Bossier/Haynesville, which would represent a valuation upside for our Company. Regardless, the quality of our Cotton Valley play has again been validated with the results from the Atkins-Lincoln 17-2 well."
contact information
Southern Star Energy, Inc.
205
340 Linden Avenue
Victoria, BC V8V 4E9
Canada
Phone: (250) 858-9862
Southern Star Energy Announces Continuity of Operations During Hurricane Ike and Status Update of Atkins-Lincoln Well 17-2
Friday September 19, 9:00 am ET
HOUSTON, Sept. 19 /PRNewswire-FirstCall/ -- Southern Star Energy Inc. (OTC Bulletin Board: SSEY, the "Company"), a fast-growing E&P company with reserves and production from leases located in northern Louisiana, today announced the Company experienced no interruptions in field operations, production, or drilling operations during or following the passage of Hurricane Gustav and Hurricane Ike. The Company experienced no damage to field equipment, and there were no injuries to any of the Company's personnel as a result of the storms.
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The Atkins-Lincoln 17-2 Well, the Company's first Haynesville test well and the second well in the Company's 2008 development program, spudded on September 11, 2008. This well is drilling ahead at approximately 7,000 feet. While drilling through the Rodessa at 4,600 feet, the Company noted a gas kick of 291 units over a 25 foot interval, and the Company anticipates logging the Cotton Valley interval shortly. Once the Cotton Valley is logged, the Company will set pipe at 9,500 feet and drill the Haynesville Shale, with preliminary results expected in early October.
About Southern Star Energy.
Southern Star Energy's strategy is to acquire under-drilled oil and natural gas leases with significant proven development drilling opportunities, and use all available technologies to increase the valuation of the acquired assets. This strategy reduces the Company's risk, allowing it to build free cash flow for strategic acquisitions. The Company owns a 40% working interest in approximately 5,300 acres in the Sentell Field, located in the heart of the known Cotton Valley trend north of Shreveport, Louisiana. To date, the Company has drilled five successful tests of the Cotton Valley sands, all of which are connected to the market, and producing revenues. The Company embarked on a 10-well development program in the third quarter of 2008, drilling for the Cotton Valley sand and Haynesville Shale. Shareholders and prospective investors and analysts are encouraged to visit the Company's website: www.ssenergyinc.com to learn more about the Company and the Cotton Valley Trend.
Cautionary Statements to Shareholders
Except for historical information contained herein, this Press Release contains statements that are forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, but are not limited to: volatility of natural resource prices, product demand, market competition, the anticipated timeline for the completion of drilling operations, the logging of the Cotton Valley interval, the drilling of the Haynesville Shale, the results of drilling operations, risks inherent in the Company's operations, and the placing of wells into production. The Company makes no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required by applicable laws or regulatory policies.
--------------------------------------------------------------------------------
Source: Southern Star Energy Inc.
About Southern Star Energy.
Southern Star Energy's strategy is to acquire under-drilled oil and natural gas leases with significant proven development drilling opportunities, and use all available technologies to increase the valuation of the acquired assets. This strategy reduces Southern Star's risk, allowing the Company to build free cash flow for strategic acquisitions. The Company owns a 40% working interest and operates in approximately 5,300 acres in the Sentell Field, located in the heart of the known Cotton Valley trend north of Shreveport, La. To date, the Company has drilled five successful tests of the Cotton Valley sands, all of which are connected to the market, and producing revenues. Shareholders and prospective investors and analysts are encouraged to visit Southern Star Energy's website: http://www.ssenergyinc.com/ to learn more about the Company and the Cotton Valley Trend.
anyone keeping up with ssey lately? when the stock price hits the range its in now there is usually a nice push back to the buck range....anyone?
i think we see that in with the next quarter reporting. . .looking forward to it coming to see where this goes. i do know that with Bush lifting the ban on off-shore drilling, that it opens more avenues for exploration and future potential profit. The president of the company has a past in offshore exploration. . .
How much money they are making? Could not see $$ numbers anywhere. Only thing that I saw was production numbers. Appreciate any input.
Dymnamic (dyrff) is partners in this venture with SSE currently .15. Petrohawk just put on a well making 16.5 million cubic feet per day, in south bossier. Lots of potential all the way around. imo.
here's to another good week! was able to add last week when it dipped into the .70's, now run baby run!
Happy fathers day to all the dad's out there!
Go SSEY!
i've just been following this stock for a couple months, however I do see a lot of potential. Seems to me that when they post their next numbers, they will be moving at a little faster rate. . .maybe more interest then too?
HIGHFADE,
You are right.
Echo20
SSEY will soon be making a nice slow run! Company is now showing solid numbers and sales from the wells that they have completed drilling, will soon show a nice boost to the pps. JMO.
SSEY started the new hole on March19th
and by the 27th the stock is miving upward.
SSEY could have hit something at the 1000 foot level.
Echo20
Pizzabuster,
This company started the fifth well on March 19th. They are supposed to get done with this well by April 10th. Watch and find out.
This company SSEY has a good oil man leader and wants to get many wells out of this one location. Many wells.
Watch and find out.
This could be an up and down matter to watch. When they hit gas the price goes up and when they start another hole the price (expenses) goes down until the well reaches gas.
This could get acquired so that is not totally certain.
This looks real. Look at the information and website and call the company afew times.
RECOOP.
Echo20
YEAH LOOKS GOOD I WAS INTERESTED IN THE STOCK FEW WEEKS BACK,, ,, JUST AM SCARED , SINCE WE GOT SHENG HEIGHED BY RGNO EXPRESS SUPER MGMT TEAM,,, , BUT THEY MIGHT JUST HAVE A REAL LEGITIMATE PLAN, NOT JUST BUY LEASES AND WAIT TO GO BELLY UP AND THEN TRANSFER LEASES BACK TO OTHER COMPANIES,,,SO THEY CAN CRY WORL AND RECYCLE THE CHICKEN MILKER
pizzabuster,
This stock makes swings. It goes low as drilling starts and then when finished it goes up again. Nice little pattern here.
Drilling costs so when they drill the stock goes down and up when they find gas. Four in a row so far.
Looks good to me.
Next results check to be around April tenth.
Echo20
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Symbol: SSEY
Outstanding Shares: 45,347,280(as of March 2009)
Corporate Office: Houston, Tx.
Website: www.ssenergyinc.com
Presentations: www.ssenergyinc.com/i/pdf/SSEY_Corporate_Overview_March09.pdf
www.ssenergyinc.com/i/maps/SSEY_HSF_316E.jpg
Industry: Natural Gas and Oil Drilling Production
Southern Star Energy has a 40% operating interest in over 5,000 leased acres in northern Bossier Parish in Louisiana. The company has mainly focused on drilling wells in the Cotton Valley Formation (such as the Rendall 7-2, Atkins-Lincoln 18-2, Atkins Lincoln 18-1). Recently, the company drilled a Haynesville Shale test well on the Atkins-Lincoln 17-2 well. The well core results were very encouraging and indicate that this part of Bossier Parish may indeed have substantial amounts of the Haynesville Shale, a formation which usually has much higher flow rates than Cotton Valley wells. Several Haynesville Shale wells drilled by Petrohawk in southern Bossier Parish have had initial flow rates of over 15 MMcfe/day. Major energy companies in the Haynesville Shale play have estimated that the "core area" of the shale holds at least 40 Bcfe/section of recoverable natural gas. The picture below is a map from Chesapeake Energy that shows their latest estimates of the Haynesville Shale boundaries (shown as "organic shale deposition.")
Most of Southern Star's acreage was leased in 2005 & 2006, years before the Haynesville Shale boom, for several hundred dollars per acre. By June 2008, leases had gone up to $25,000 per acre in some areas as giant players like Chesapeake and Petrohawk fought to secure acreage. The company should be able to drill enough wells to hold almost all of the acreage by production when leases expire in the next few years. Most people didn't think that the Haynesville Shale extended much into northern Bossier Parish, but recently well results show that it may indeed go this far. If this is true, then Southern Star may be drastically undervalued.
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