Thursday April 3, 9:00 am ET
HOUSTON, Texas--(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 continuing successful progress in its Sentell Field Development Program, Bossier Parish Louisiana. The Company has performed a successful high rate ?slick water? fracture treatment on its Atkins-Lincoln 18-2 well in the Cotton Valley ?C? Sand through perforations at 8,093? ? 8,114?. The well was stimulated with 102,000 of proppant on March 31, 2008. The well is currently flowing back stimulation fluids at a rate of 30 ? 40 BPH. After flowback testing is complete, this completion will be commingled with the initial completion interval, the Upper Davis section of the Cotton Valley Formation with perforations at 8,478' - 8,492'. Flowlines and equipment have been previously installed such that the well can be placed into sales as soon as testing and commingling operations are completed. Initial production is anticipated within the next two weeks.
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 1950?s. 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, yielding a potential for 30 to 60 additional locations. 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
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