Silver Star Energy (SVSE)

[Papa Bear]

Company Information: Alberta, Canada

The Company has a 66.7% working interest in 960 gross acres in the Evi prospect in Alberta, Canada. The Evi area is located in northern Alberta approximately 200 miles north-northwest of Edmonton. Silver Star Energy, Inc. has one oil well, the 7-11, which is in commercial production at the Evi prospect. The 7-11 well, together with the surrounding land, has been designated held by production to the base of the Slave Point formation by the Alberta provincial government, which means that under the terms of the leases, the Company may continue to operate the property, as long as the property continues to produce a minimum paying quantity of oil. The 7-11 well produces from the Slave Point limestone reservoir. Husky Oil has been engaged to operate the 7-11 well.


The Verdigris Lake prospect is located in southeastern Alberta, 15 miles north of Coutts. This prospect targets two potential zones: the Bow Island formation and the Sunburst sandstone member of the Lower Cretaceous Mannville Group, both of which are potential gas prospects. The Bow Island zone contains washed and variably shaly, fine to coarse grained sandstone, with interbedded siltstone and mudstone and with subordinate conglomerate and pebbly sandstone. The Company’s prospect is for a Sunburst channel sandstone that has been identified on seismic data.