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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (101953)	6/12/2008 4:16:19 PM
From: pogohere	Respond to of 206334

SSEY: Haynesville Shale evaluation; production announced 10 June '08 PR: HOUSTON--(BUSINESS WIRE)--Southern Star Energy Inc. (OTCBB: SSEY - News), a fast growing E&P company with operations in northern Louisiana, today provided an operating update. Since the beginning of 2008, the Company’s focus is on re-establishing production and evaluating the commercial potential for future development drilling in its Sentell Field (40% working interest) located north of Shreveport. Gross production from the Sentell Field now exceeds 3.3 million cubic feet (MMcf) per day. … David Gibbs, Southern Star President said: “Having successfully completed the pilot phase of our re-completion work in the Sentell Field, we are fully engaged preparing to begin field wide development. At present, Southern Star is applying for 10 drilling permits, engaged Nabors Well Services to drill on its behalf and is completing arrangements for the necessary capital to complete its current 2008 drilling plans. The re-completions went according to plan; on a rate-of-return basis, they are an excellent way to reliably increase production from existing wells in a low-risk manner. In aggregate, Southern Star is receiving more than 10.00per Mcfe for its production. Regarding the commercial development of the field, we have the potential to drill up to 50 wells on our existing acreage position. Ten well locations are in various stages of preparation. Our goal is to spud the first of this initial ten-well program by the end of July. As part of the Company’s development process, the Sentell Field will also be evaluated for the potential for drilling and producing from the Haynesville Shale, a highly prolific horizon found elsewhere in northern Louisiana.” biz.yahoo.com