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Southern Star Energy (fka SSEY)

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Last Post: 6/11/2014 9:45:29 AM - Followers: 4 - Board type: Free - Posts Today: 0

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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#76   SSEY revoked: Renee 06/11/14 09:45:29 AM
#75   SSEY SEC Suspension: Renee 04/01/14 09:33:56 AM
#74   SSEY is smells like a winner kranthikumar 12/11/13 09:50:13 AM
#73   SSEY 0.0022 - Targets 0.007 / 0.015 trader53 11/07/13 05:31:55 AM
#72   Let's wake this thing back up sm caps 08/25/13 07:42:56 PM
#71   Wow hit 04 recently what a sleeper... Someone -Awaken- 06/16/11 07:12:58 PM
#70   haha "whelp". ill let u know bro. TY! -Awaken- 05/09/11 08:17:37 AM
#69   Nice, sent him an e-mail a few months ToyotaMR2s 05/09/11 08:17:04 AM
#68   All I can find is they are bankrupt, -Awaken- 05/09/11 08:16:21 AM
#67   i agree... someone is buying it. and accumulates -Awaken- 05/09/11 08:13:31 AM
#66   Been scanning NV SOS/no update there but could ToyotaMR2s 05/09/11 08:12:14 AM
#65   I dont know... may have to start sniffing -Awaken- 05/09/11 08:11:04 AM
#64   Still got a few, have noticed the accumulation ToyotaMR2s 05/09/11 08:10:26 AM
#63   SSEY, still got some? , someone's buying this -Awaken- 05/08/11 12:46:50 PM
#62   SSEY .0011/all time high vol. today/2.3 milly traded ToyotaMR2s 07/26/10 12:01:39 PM
#61   Nice trading action today, looks like this could LSUTrader 03/16/09 01:47:58 PM
#60   Go up for LSU ;) CRAZY $$$ 03/04/09 05:35:11 PM
#59   Big news today on the Haynesville reserve potential LSUTrader 02/19/09 10:45:00 AM
#58   Not much news from these guys recently, and LSUTrader 02/18/09 11:17:26 AM
#57   It's definitely been a brutal few days for LSUTrader 11/20/08 11:51:51 AM
#56   Looks like we are forming a nice base LSUTrader 11/13/08 12:08:04 PM
#55   Nice PR today, it'll be interesting to see LSUTrader 10/30/08 02:56:07 PM
#54   Broke through .60 nicely! Looks like those LSUTrader 10/21/08 09:47:11 AM
#53   Natural gas prices are up 4% today, busted LSUTrader 10/20/08 10:43:08 AM
#52   Company: Southern Star Energy Inc. (SSEY) alexindef 10/19/08 02:46:03 PM
#51   bought more this morning when the news came choctaw 02 10/17/08 01:35:07 PM
#50   If you look on Southern Star's website, under LSUTrader 10/17/08 12:07:38 PM
#49   SSEY Haynesville Shale News LSUTrader 10/17/08 10:15:36 AM
#48   website INDY 10/08/08 09:33:15 PM
#47   About Southern Star Energy INDY 10/08/08 09:32:53 PM
#46   Southern Star Energy Announces New Cotton Valley Well Discovery INDY 10/08/08 09:32:32 PM
#45   contact information INDY 10/08/08 09:32:02 PM
#44   Southern Star Energy Announces Continuity of Operations During choctaw 02 09/29/08 01:10:01 PM
#43   About Southern Star Energy. jscot 09/27/08 11:21:02 AM
#42   anyone keeping up with ssey lately? when the barrett50 09/27/08 09:21:13 AM
#41   i think we see that in with the highfade 07/22/08 01:30:19 AM
#40   How much money they are making? Could not Bitra21 07/15/08 03:39:09 PM
#39   Dymnamic (dyrff) is partners in this venture with Big Son 06/30/08 11:14:03 PM
#38   Still going up. another day another dollar, LOL!! highfade 06/19/08 07:47:12 PM
#37   here's to another good week! was able highfade 06/15/08 09:24:43 PM
#36   i've just been following this stock for a highfade 05/29/08 10:56:03 PM
#35   HIGHFADE, You are right. Echo20 05/15/08 08:16:24 AM
#34   SSEY will soon be making a nice slow highfade 05/07/08 01:48:23 AM
#33   Fifth successfull oil well on March 30 2008! Echo20 04/01/08 11:56:15 AM
#32   SSEY started the new hole on March19th Echo20 03/27/08 06:53:18 PM
#31   Pizzabuster, This company started the fifth well on March Echo20 03/25/08 01:27:03 PM
#30   YEAH LOOKS GOOD I WAS INTERESTED IN THE PIZZABUSTER1 03/24/08 11:05:28 PM
#29   pizzabuster, This stock makes swings. It goes low as Echo20 03/24/08 01:08:39 PM
#28   posters in jerryland... PIZZABUSTER1 03/18/08 08:06:33 AM
#27   SSEY, Today the stock went up to .90. Echo20 03/17/08 11:48:50 PM
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