SVSE.OB

[shipman]

daily,  I saw .42 trade at the bell, small size though.  Annual should be out in the next week or two,  should be good.

[shipman]

Anyone still with me on this one?   I know the oil/gas complex is moderating.  I'm expecting news out soon, within a week or two.  I would like any input/opinion.  I'm holding half a position now and there seems to be little action.  Watching and waiting. -ship

[JKN]

I bailed at .44 (in at .31) with about 40% profit.  I've been following it and like the way its basing here...bodes well for an upward move.  Unfortunatley, I moved those dollars into INSM.

As far as the Fibs go, they look good to me.  If I take the Fib retracement as beginning at the most recent bottom (.21) to the most recent high (.495), then SVSE has not touched 50% and is closing above the 61.8% although it has pierced that level a few times.

Volume has declined on the pullback.  I'd say this thing will retest the .495 sometime soon.  I also think that the .50-.54 range has alot of resistance. If it breaks .495 on volume and runs past .54 then somewhere in the mid .60s is the next big resistance level.

I missed the opportunity to rebuy my shares at .36/.37 but I'll be watching if I have any trading cash available.

PS.  I hope the attachment works, first time I've tried this !

[JKN]

Here's a better chart with the Fibs correct this time.

[shipman]

Thanks Bro.

[JKN]

Your welcome, I noticed that I still didn't get the chart right so I'll try again.

[shipman]

Loaded the other half today .37.  Time will tell, I truly believe that the quarterly/annual will be good news.  High inventories have brought prices down, but we've got a nasty storm hitting the east this weekend that might take a dent out of em' and get people thinkin' about a reversal in short term trend.    Thanks again.   Good Luck--Stay warm
P.S.--Didn't they say another well,  soon.

[shipman]

Touched the 50% retracement momentarily late today.  Formed a perfect doji. Tomorrow should be up.  Another note, 50sma is nearing a cross over the 90sma. Here's the daily.

[shipman]

Totally wrong

[shipman]

Coming back?   Still holding 3/4.  Did you see that dip?  Woulda coulda shoulda--Do your DD-- Here's an intraday.

[JKN]

Might as well try another chart, I'm bound to get this right sooner or later...

I really like the way this thing got support below .36, unfortunately, I'm outta trading cash.   

Here's an hourly chart from the last 4 weeks that shows the support.

[JKN]

News...http://biz.yahoo.com/iw/060221/0110472.html

"Archer-F-1" Forbes Gas Well Drilling Rig Mobilizing February 22
Tuesday February 21, 9:00 am ET


LOS ANGELES, CA--(MARKET WIRE)--Feb 21, 2006 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today updates the timing for drilling of the "Archer-F-1" deep Forbes gas well. Silver Star has been informed by the operator that the drilling rig is being mobilized to the North Franklin project site tomorrow, Wednesday, February 22nd. After an estimated several day period for rig up, drilling of the 12,000 foot well will commence.

The "Archer-F-1" drilling pad location, site facilities and all weather access road are prepared. The required casing and tubing have been purchased and are onsite. As well, all the necessary permits and licenses are in place. 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 announce when the well has spud, and issue periodic updates as to the progress of the well.

Silver Star additionally announces that is has entered into a renewable 12-month contract with Telperion Business Consultants, LLC, an arm's-length entity, pursuant to which Telperion will provide consulting services, business introductions and resulting arrangements that may include small cap fund managers, buy-side stock brokers and money managers. Such services will include, strategic planning, planning meetings, road shows and assisting the Company's management in developing and implementing the Company's IR/PR programs and plans. Telperion will be paid $15,000 per month and will be issued 1,200,000 shares of restricted stock which will be released to Telperion based upon certain significant strategic milestones.

ABOUT SILVER STAR ENERGY, INC.

The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.

Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves, any near-term production or cash flow and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission

ON BEHALF OF THE BOARD

Silver Star Energy, Inc.

Robert McIntosh-President

To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at www.silverstarenergy.com.



Contact:
     Investor Information:
     1-888-803-SVSE (7873)
     Silver Star Energy, Inc.

[shipman]

100 day cross coming up.  Don't know how long it takes to drill 12000 feet, but I see a .035 cent risk and at least a  .08 cent  reward from closing price.  For tomorrow, Buy trigger at .41, Sell trigger at .33.  FYI, holding.  Here's a daily.

[shipman]

   I've been soooo patient with this one...  expecting more good things....for one we should get Feburary numbers soon.   Test results from deep well.  And annual results sometime soon, rumor is end of the month.  Watch it, if it breaks .42 I'm gonna double down.  Shiz,  I might do it before that.  I would wait for another dip, but I doubt it is going to materialize.  I think it looks good here.  Somebody shoot me down, I'm so positive it's creepy.

[shipman]

Nothing special today. They announced their spud is in place. Not much action.  Still expecting Feb. output results and an annual later this month.  Gonna be good....  Ride the 50 dma.  if it breaks the 200dma load up.  Fyi- bought some more .35 yeah buddy.