SVSE.OB

[JKN]

Looks like its making a decent move here...volume in the last hour has been pretty good.

[shipman]

  Wow!  Kick Ass.  That was a nice surprise when I got home.... That move should catch some attention.   Here's a daily and a weekly.  This all looks bullish.  RSI, MACD, Three wise men on the weekly, professionals usually buy on Friday (best percentage day for a buy).   This will surely be interesting tomorrow.  Be nimble,  this is penny world after all, nothing is a sure thing,  but this one is looking positive.  Remember there are options out,  .31 and .68  I believe.  We passed the .37,  I'm now looking at .49.   We still haven't seen a real spikey spike in volume, that's good at this point.

[shipman]

A little higher volume this morning.   Big blocks at .43 (27k).  Holding .37

[JKN]

Would like to see consolidation here..bull flag/pennant?  Holding .36-.38 as a new base level would really be a nice confirmation of this little move and leave it open for a run up to .49. A good volume day would put this on some radars.  I'd like to see about 1.2M+.  If it breaks .36 I'll likely bail and look to get back in around .30-.31.

[shipman]

I liked how it turned out today.  JKN you may be right that it could flag.  I think maybe it was a stop clearing day (or the equivilant in penny land)  trying to shake weak hands and scoop shares.  It didn't look like alot of sellers.   Notice they didn't try to penetrate that .41 yet.  For a bloody day in the market it held up good.  When I consider the rise in oil etc., I think it should gain value.  Overall I agree with your trading plan JKN.   Nice to be riding with ya.

[la-onda]

EVI "7-11" Oil Well to Begin Commercial Production
Monday , January 23, 2006 09:00 ET

LOS ANGELES, CA, Jan 23, 2006 (MARKET WIRE via COMTEX) -- Silver Star Energy, Inc. (OTC BB: SVSE) is pleased to report that the EVI "7-11" oil well is scheduled to begin commercial production as of tomorrow, January 24th.

The construction crew has completed the installation of oil storage tanks and has installed the pump jack at the well head. The operator has informed the Company that the "7-11" is planned to be on production tomorrow and it will be closely monitored as to the barrels per day oil produced. The operator, Transaction Oil and Gas of Calgary, will determine the maximum production rate best suited for the well.

Silver Star will announce these production rates when sufficient data is available to make an accurate determination as to what the well will produce. As announced earlier, the anticipated I.P.R. based on testing results is 150 bpd. The Imperial Light 36.5 degree oil was quoted on Friday, January 20th, at $62.82 per barrel. Initially, oil will be trucked to the Husky "7-1" tank battery for sale and shipping approximately 2 1/2 miles away.

[JKN]

I appreciate the remarks shipman.  I get the wonderful opportunity to spend the week in DC at a conference.  I rather be keelhauled.  At least the weather is not horrible.

This news ought to really help us out from the consolidation standpoint.  I missed the run to .44 this morning.  If I recall correctly, they are a little ahead of schedule on getting this well operational.  I hope to see this thing test .49 soon.

[shipman]

heavier vol. today   Big blocks being swallowed at the ask.  Very positive.  I hope they get a higher initial rate on this new well, but 9k a day is great for starters.  I appreciate JKN and La-Onda for the support on the board.  This is shaping up very well.  Getting real strong here.  Heard on CNBC today that there is large short interest on the price of NG...  If the NG price goes higher.... and we see short covering... that could propell the NG price higher....thus enhancing this puppy even more.  Rock and Roll
  Later today.... Finished strong... above average volume.  Here's the daily and weekly.  Just checked multiple time frames, and it seems that MACD, stoch, Rsi, ect.  are all very positive on all of them.  What I am particularly excited about is that the MACD is crossing even on the longest of them.      I can see .60.

[David Randolph]

EVI "7-11" Oil Well to Begin Commercial Production
Monday , January 23, 2006 09:00 ET

LOS ANGELES, CA, Jan 23, 2006 (MARKET WIRE via COMTEX) -- Silver Star Energy, Inc. (OTC BB: SVSE) is pleased to report that the EVI "7-11" oil well is scheduled to begin commercial production as of tomorrow, January 24th.

The construction crew has completed the installation of oil storage tanks and has installed the pump jack at the well head. The operator has informed the Company that the "7-11" is planned to be on production tomorrow and it will be closely monitored as to the barrels per day oil produced. The operator, Transaction Oil and Gas of Calgary, will determine the maximum production rate best suited for the well.

Silver Star will announce these production rates when sufficient data is available to make an accurate determination as to what the well will produce. As announced earlier, the anticipated I.P.R. based on testing results is 150 bpd. The Imperial Light 36.5 degree oil was quoted on Friday, January 20th, at $62.82 per barrel. Initially, oil will be trucked to the Husky "7-1" tank battery for sale and shipping approximately 2 1/2 miles away.

Wow, great news la-onda, thanks for posting  (and nice move from the stock, up 16% yesterday).

Let me see, 150 bpd * $62.82 per barrel = $9,423 per day, which gives me $3.44 M in revenues for an entire year. If we recall that 2005 revenues were something like $1.37M, this new well is a big improvement.

Technically I was a bit worried about $0.41, but the stock closed yesterday at $0.45.

40% profit now, I'll continue holding 

[shipman]

ARCA trying to walk this puppy down.  Most sales going off at the ask.  A few at the bid. Could just be building in order to take out the 200dma.  I like the fact that MM's are conscious of the need for building support.  No problem with a little consolidation here.  Oil coming off a high (temporary in my opinion).  We obviously hit some supply or mm's are trying scoop again by applying down pressure.  Nobody seems to be biting on the proposition.  Most just keep biting the ask.  If  (if) there's covering this afternoon and SVSE closes above
.477.   Then this thing will torch.

Later today...  Not bad on the close....healthy...held .45,don't think it went down as much as the mms would have liked.  By looking at the weekly you can see that volume hasn't peaked (it would take 2.5-5 million on a single day), this is positive.   Another note, it's only taken 5 to 6 million or so shares to drive this puppy up 40%, there is 85 million shares out.  If somebody is trying to buy up a percentage of this company do you think that 7% is enough?  I don't.

Pattern repeating on the intraday chart,  looks good for tomorrow, time will tell.

[la-onda]

just fyi:
SVSE: Volume Spike; 24% > 20-adsv, Stock +4.44%
Tuesday , January 24, 2006 11:50 ET

This is the 2nd VOLUME alert for SVSE in the past 7 calendar days.

Trading for Silver Star Energy Inc (OTCBB: SVSE) has been heavier than usual in today's session. By 11:50 ET, the stock had already traded 530,400 shares via 60 trades. The cumulative volume is 24.07% above its 20-day average of 427,495. Normally the stock experiences around 39 individual trades per session.

So far, today's volume surge has caused a net rise in SVSE's stock price. At the time of this alert, the stock was trading at $0.470, up $0.020 (+4.44%).

One year ago, the Company's shares closed at $1.290. The price has declined more than 63 percent since then.

Over the last 10 trading session SVSE has traded in a range between $0.240 and $0.460 and is currently trading 64.12% below its 52-week high of $1.310 set on January 25,2005 and 123.81% above its 52-week low of $0.210 from January 04,2006.

In the previous 3 sessions, SVSE trading has displayed a mixed trend. Closing results have been as follows:

January 23, 2006 --- closed at $0.450 up $0.065 (+16.88%) on 1,419,800 shares
January 20, 2006 --- closed at $0.385 down $0.010 (-2.53%) on 442,300 shares
January 19, 2006 --- closed at $0.395 up $0.055 (+16.18%) on 651,600 shares

The Company last released news on April 14, 2005:

"Silver Star Energy Initiated With Speculative Buy / 4 Rating and 12-Month Target Price of $1.50 By Investrend Affiliate SISM Research"

[David Randolph]

I thought SVSE.OB would be up more on yesterday's news: EVI "7-11" Oil Well to Begin Commercial Production

Probably the stock is overbought and there was some sell the news phenomena ... I'll take profits around today's open on SVSE.OB, perhaps I'll come back to it later.

[shipman]

I wrestled last nite on what to do.  I saw David's call too late.  Got worried?(Emotions will kill you in the market) Sold half at .41.  68%   As usual I think we on this board are ahead of the curve on this one.  I think .40 should hold, if it doesn't I'll sell the rest and wait for the .49 break.   The news on the well was early....but, the real news I've been waiting for is the quarterly revenue.  SVSE could still be in play, retracement is healthy,  support here is critical.  Absolute sell if it breaks and closes below .37.
   Thanks La onda good post. 

[shipman]

Better than expected results for the 7-11 well.  160-170 barrels a day.
Heavier volume this morning.  Bid rising.  I think I'll try to re enter a little here.  Bid ofcourse.
**If anyone has a fibbonaci chart setup, could you post it for svse please.

[la-onda]

fyi:
North Franklin Production in January Totals 94.94 Mmcf -- Deep Forbes "F-1" Well to Begin February 18
Friday , February 03, 2006 09:00 ET
LOS ANGELES, CA, Feb 03, 2006 (MARKET WIRE via COMTEX) -- Silver Star Energy, Inc. (OTC BB: SVSE) today is pleased to announce the January gas production at the North Franklin Project, Sacramento California. Production from the Company's two gas wells, the "Archer-Whitney #1" and "Archer-Wildlands #1" totaled 94.94 Mmcf. The average daily production rate for the month of January totaled 3.062 Mmcf per day from the two wells combined. Silver Star is also pleased to announce that it has been informed by the operator that a tentative spud date for the "Archer-F-1" deep Forbes gas well has been set for February 18th. Silver Star has been waiting for a drilling rig and it is now expected to be onsite at the North Franklin Project on the aforementioned date. The site and road have been prepared, casing and tubing purchased and all necessary permits and licenses have been received. The 12,000 foot "Archer-F-1" well has been designed to test both the producing Winters sands as well as the Forbes; the primary objective of this well. All parties have advanced funds in full for the drilling costs of the well.
Silver Star will endeavor to update the tentative spud date when and if further information is made available from the operator.