Monday June 16, 9:00 am ET
HOUSTON, June 16 /PRNewswire-FirstCall/ -- Southern Star Energy Inc. (OTC BB: SSEY.OB), a fast-growing E&P company with operations in northern Louisiana, today announced the addition of Douglas M. Harwell as Operations Manager.
Mr. Harwell has 10 years of oil and gas experience, most recently serving as the Manager of Special Projects with Cannon Services, Ltd., a privately held oilfield service company. Prior to joining Cannon Services, Mr. Harwell was with ExxonMobil Production Company where he worked as a Subsurface Engineer and evaluated a variety of projects and full-field economics for the company's U.S. Production group. Harwell graduated Summa Cum Laude with a Bachelor of Science in Mechanical Engineering from Louisiana Tech University.
David Gibbs, Southern Star President said: "Doug has significant well completion and workover experience in the structures that run throughout the producing basins of East Texas, Louisiana and the Gulf of Mexico. He has a firm understanding of the big picture, having designed and implemented a myriad of well-bore projects, all of which were designed to produce oil and natural gas at a well's highest and best rate for optimum return on invested capital. He will begin immediately managing our development drilling program in the Sentell Field. Further, he will work directly with me evaluating new opportunities for Southern Star in our areas of focus."
About Southern Star Energy.
Southern Star Energy operates and owns a 40% working interest in approximately 5,700 acres in the Sentell Field, located north of Shreveport, La. To date, the Company has drilled five successful tests of the Cotton Valley Sands, all of which are connected to the market and producing revenues. The field was originally defined by a string of ten vintage wells drilled in the 1950s on 640-acre spacing (wells approximately one mile apart). Most of these old wells were abandoned before 1972 after producing only from one relatively thin (20 feet) zone of the Cotton Valley Sand members. None of the zones with identified reserve potential has been produced within a five-mile radius of the prospect area. Based on 100% success to date in these initial evaluation wells, Southern Star's preliminary plans, with continuous successful evaluation drilling, will be to continue to develop the leased acreage with at least one well per 160 acres, yielding a potential for 30 to 50 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. Shareholders and prospective investors are encouraged to visit Southern Star Energy's website: http://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.
Cautionary Statements to Shareholders
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. Southern Star makes undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws or regulatory policies.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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