Tuesday January 15, 9:00 am ET
HOUSTON--(BUSINESS WIRE)--Southern Star Energy Inc. (OTC BB: SSEY.OB) is pleased to provide an update on the company?s well the Atkins-Lincoln 18-2.
Atkins-Lincoln 18-2:
Southern Star Energy is pleased to announce the completion of its latest well, the Atkins-Lincoln 18-2 well in Sentell Field, Bossier Parish, Louisiana. The well was drilled to a depth of 9,950? in October, 2007. The well has been completed in the Upper Davis section of the Cotton Valley Formation with perforations at 8,478? - 8,492?. The zone was fracture stimulated using a conventional ?slick water? fracturing technique with 71,770 pounds of proppant on December 20, 2007. After flowback, production tubing was installed. Production equipment tie-ins and a 2,600? flowline installation were recently completed, and the well was placed on production at 2:00 p.m. on January 10, 2008. The well is currently flowing at 703 mcfd at 900 psig flowing tubing pressure.
Further Information
Shareholders and prospective investors are encouraged to visit Southern Star Energy?s website, www.ssenergyinc.com, to learn more about the Company and the Cotton Valley Trend. Please feel free to call investor relations at 1-800-733-2447 ext. 107 to receive a full corporate investor package.
About Southern Star Energy
Southern Star Energy has approximately 5500 acres under lease within the prospect area, which is defined by a string of ten vintage wells drilled in the 1950s. The prospect area was historically developed on 640 acre spacing (wells approximately one mile apart). Most of these old wells were abandoned before 1972 after only producing from one relatively thin (20 feet) zone of the Cotton Valley sand members. None of the zones with identified reserve potential have been produced within a five mile radius of the prospect area. Preliminary plans, with continued successful evaluation drilling, will be to develop the leased acreage with at least one well per 160 acres. Analog fields are being economically developed with at least one well per 80 acres indicating that many more wells can be reasonably contemplated.
Information Regarding Forward-Looking Statements:
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Southern Star Energy?s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices, product demand, market competition and risks inherent in Southern Star Energy?s operations.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment