Silver Star Energy (SVSE)

[Papa Bear]

Company Information: California, USA


Silver Star Energy, Inc. has a 40% working interest, or 32% net revenue interest after deduction of all burdens, including royalties, in the North Franklin prospect. The North Franklin prospect is located in Sacramento County, California, between the cities of Stockton and Sacramento. The prospect n includes 3,465/3,200 gross acres under lease. The North Franklin prospect sits along and is part of the Eastside Winters Stratigraphic Trend, which has produced more than 450 billion cubic feet of natural gas. The North Franklin prospect also contains the Deep Forbes sandstone zone, which is a prospective structural/stratigraphic gas trap for Upper Cretaceous F-zone sands in the southern Sacramento Valley in California.


In August 2005, the Company acquired a 20% working interest from a private company in a prospective Kansas oil and gas play. Silver Star Energy, Inc. will participate in a joint venture with Fidelis Energy, Inc., which has a 25% working interest, and Cascade Energy, Inc., which also has a 25% working interest to develop the project. The private company from whom, the Company acquired its interest will be carried through the drilling and completion of the first two exploratory wells.