Silver Star Energy Inc New (CE) (SVSE) Quote

SVSE: Three Individuals, Including Alleged Terrorist Mohamed Verjee, Under Investigation for Involvement in Pump-and-Dump Schemes Vancouver,

January 31, 2024 – Three individuals, including Mohamed Munir Verjee, are currently under investigation by regulatory bodies in the United States and Canada for their alleged involvement in a series of pump-and-dump schemes. These schemes have reportedly defrauded investors of substantial sums over the years. The individuals are facing legal action from the U.S. Securities and Exchange Commission (SEC) and the British Columbia Securities Commission (BCSC).

Vincenzo Carnovale, a 46-year-old Italian and Canadian national residing in Vancouver along with his wife, Maria Gebriela Carnovale, has been linked to three separate securities fraud cases, all involving pump-and-dump schemes. In each of these cases, the modus operandi appeared to be similar, involving artificially inflating the share value of a company through various means, including press releases and promotional efforts. Subsequently, once the share prices surged, the perpetrators and their associates reportedly sold the shares at a profit.

The first known case dates back to 2004 when Carnovale, then a broker for Golden Securities, allegedly sold shares of Silver Star Energy Inc. as part of a pump-and-dump scheme. He reportedly refused to cooperate with Canadian authorities during their investigation.

In 2017, Carnovale was sued by the Canadian Financial Markets Authority for his alleged involvement in a pump-and-dump scheme related to Solo International Inc. stock, which is still an ongoing legal battle.

In 2021, the SEC filed charges against Carnovale, Mohamed Munir Verjee, and Amar Bahadoorsingh for their alleged involvement in a pump-and-dump scheme involving multiple companies. The SEC contends that they secretly sought control of thinly-traded microcap companies to hire stock promoters, generate demand, and profit by illegally selling shares to unsuspecting investors. The scheme allegedly used a complex network of offshore accounts and involved false and misleading statements in public financial statements.

Mohamed Munir Verjee, a person of significant interest in the investigation, has a background in money laundering and is believed to be involved in funding conflicts in Syria and Turkey. He is alleged to have connections to terrorist activities.

The SEC seeks permanent injunctions, repayment of gains, civil penalties, and penny stock bars against Carnovale, Bahadoorsingh, and Verjee. The trial is still ongoing.

In addition to these cases, Carnovale's involvement with Frederick Langford Sharp and the Sharp Group has been noted in the 2021 SEC case. The SEC alleges that Sharp and associates orchestrated a decade-long offshore shell scheme, resulting in substantial profits for company officers through illegal trading of U.S.-listed public companies' shares.

The legal proceedings against Carnovale, Bahadoorsingh, and Verjee are ongoing, with regulatory authorities on both sides of the border seeking to hold them accountable for their alleged involvement in these fraudulent activities.

Investors, the BCSC, and the SEC should be closely monitoring these cases to ensure that justice is served and to deter future instances of pump-and-dump schemes in the financial markets.

To be continued . . . . Banking and Account Records to Follow

This will be quoted again on octmarkets.com and off the grey sheets?

SVSE Tier Change - Grey Market to Expert Market

OTCM
https://www.otcmarkets.com/stock/SVSE/disclosure

So no ones going to comment on how this went up 99,900%

Does anyone still own this\/

Please let me know...If this stock is worthless now?

my money is gone now or is the crap still trading? thanks for the info

SVSE: SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-69678.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2013/34-69678-o.pdf

SVSE .003 a move to and above .004? http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=24593&i=SVSE&pv=recent-symbols&pp=SVSE

Look Out Above

sc

SVSE .0023 quiet loading recently? http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=24593&i=SVSE&pv=recent-symbols&pp=SVSE#&&vs=635029981146792840

http://stockcharts.com/c-sc/sc?s=svse&p=d&b=5&g=0&id=p17970548896

http://www.otcmarkets.com/stock/SVSE/company-info

http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=svse

I think so anyway, we'll see...

sc

http://stockcharts.com/h-sc/ui

like a rock in the
surf greeting from germany

Where is Supercash ??

What made you want to be a mod here? I've been a bagholder for many years. The company has been dormant for a long time.

SVSE ~~~~ Yeah I know ..... it is quite difficult to promote a company like this when there is no company website OR a contact phone number.

I was up for a while last night looking for something positive to post but could not find anything. I will look later today and if I do not find anything, then I will turn the lights out here and lock the doors when I leave. Also, the "CLOSED" sign will be up : )

Have a great day today.

SC

just a small problem

no phone

no contact

no website NOTHING[color=red][/color]

SVSE ~~~~~~ Why Should The U.S. Increase Domestic Oil Production

Oil is the world’s most critical and scarce energy resource. Only oil is easily divisible, transportable, and vital for most transportation. Japan’s shuttered nuclear plants mean new demand for more millions of barrels of fuel oil to generate electricity for its cities and factories. Libyan oil production will now be shut down for months or years. There is almost no spare capacity in world production.

Here’s a tough fact to face: World prosperity is critically dependent upon the stability of a single decrepit, corrupt dictatorship in Saudi Arabia. While the regime there has been quick to put down calls for expanded rights, the protests for political, civil, and economic rights continue. Chaos in Saudi Arabia, which produces about 12 percent of the world’s oil, would cause such shortages of oil in Asia and Europe that the whole world could be thrust into major economic crisis. Closed factories in China, Japan, and Korea would crash commodity prices and world trade. Banks would again be tottering and calling in loans. Russia with its supplies would have a stranglehold over a dependent Europe. And Americans might be lined up for hours at gasoline stations, maybe with ration cards.

Saudi Arabia’s status quo hangs by a thread on the lives of an 86-year-old king and an 85-year-old prince. They are the last surviving direct heirs of old King Ibn Saud. After them will come jockeying and infighting among thousands of princes descended from Saud’s many wives and concubines from different tribes, none with a clear mandate to become the new absolute monarch. The Economist explains the complicated maze of palace intrigue and notes that there are no rules for succession except for the ruling family to chose the “best qualified” prince, which in Arabic can mean “most capable” or “most virtuous.” There’s no way to know exactly how succession will play out, but even the present government is more vulnerable than it appears. The sick king’s hurried promise last week (finally) to allow first time municipal elections and his offer to create 60,000 new public sector “jobs” shows weakness, not a position of strength.

Yet for America, there is a way to greatly minimize, if not fully end, our dependence upon shaky Middle East dictatorships, including Saudi Arabia. With dependable Canadian production and using our own shut-in resources, we can vastly reduce our need for imports. This should be a vital, immediate national interest. America imports some 10 million barrels per day (bpd). Of this Canada sends us 2 million bpd (the amount is constantly increasing) and Mexico sends about 1 million bpd. Nigeria, Angola, and Venezuela send another 1.5 million bpd, all of which is pretty reliable. That comes to around 4.5 million bpd, which means that there’s 5.5 million bpd coming from less-reliable sources, including the Middle East.

If it were able to produce more freely, American oil production could ramp up significantly, reducing reliance on Saudi Arabian, Libyan, and other similar sources. Instead our oil industry is stymied, delayed, and denigrated by a president and Congress that continues to daydream about tiny and very expensive amounts of energy from solar power, windmills, and ethanol. Even with vast subsidies (Obama’s stimulus bill tossed $80 billion toward alternative energy), these sources produce a tiny fraction of American energy usage: One percent for windmills, and 1 tenth of 1 percent for solar. Most renewable energy comes from aging hydroelectric dams. Electric cars are expected to sell a few tens of thousands this year, compared to over 250 million registered gas-dependent cars on the road. These figures show some of the absurdity of most alternative energy hype.

In the Gulf of Mexico, deep-water drilling and exploration has been shut down for almost a year while permitting shallow wells in known fields is agonizingly slow. On land, Interior Secretary Ken Salazar revoked oil drilling permits issued under the Bush administration, retroactively canceled already approved coal mining permits, and has thrown many new investments under a cloud of risk as companies fear more retroactive permit revocations. Environmental extremists file crippling, unending lawsuits precisely to cause costly, interminable delays and frighten off investors. As Alaska Gov. Sean Parnell’s recent speech to the National Press Club makes clear, environmentalist proposals to further limit oil drilling have been picked up by Obama’s appointees.

Here are six things the federal government could do to increase domestic oil production:

1) The Alaska pipeline now runs two-thirds empty. It alone could carry 1.5 million barrels more per day if Washington was to allow drilling at ANWR and in the shallow, 100-foot-deep waters close in offshore from fixed platforms or manmade islands. Instead, for example, Shell Oil has been sandbagged with purposeful delays, including a five year wait for a clean air permit over the Arctic Ocean.

2) The Gulf of Mexico could be producing another half million barrels per day within five years if permitting were expedited by the Department of the Interior. The catastrophic spill last April came after thousands of successful and safe deep water wells have been drilled. It was a freak accident compounded by serious human errors committed by BP, the (foreign) drilling company with one of the highest large company accident records in the industry. Various new procedures have made deep drilling even safer.

3) A crash program to provide abundant LNG (liquid natural gas—compressed to reduce its volume by a factor of 600) pumps at major interstate truck stops would encourage conversions from using diesel oil, which is imported. A thousand cubic feet of (compressed) gas equals the energy equivalent of seven gallons of diesel oil costing some four times as much. Merchandise transport accounts for 18 percent of oil usage. Already municipal trucks and buses are converting to natural gas; taxis could too. The price spread between diesel and compressed gas is very unlikely to change for many years, so there is plenty of incentive for truckers to buy their new trucks with LNG engines, but they need to be assured of fueling stations. For peanuts compared to all the subsidies for ethanol and solar cells, the government could help pay for these costs.

4) Modern oil production allows drilling horizontally miles and miles out in all directions from a single platform. Formerly wells could only drill straight down with a single pipe. Just a few platforms can now drill and produce from a wide area. They are not the eyesore of years ago. Allowing coastal states some of the royalties from offshore drilling would do wonders for curtailing opposition. Reasonable permissions for drilling off our Atlantic and Pacific coasts could produce more billions of barrels of oil. New technology is constantly triggering higher production, for example, with previously unusable oil shale (such as the Bakken fields in North Dakota) which actually caused an increase in yearly U.S. production. The prolific oil off the coast of Santa Barbara, California, scene of a spill 40 years ago, is in waters only 300 feet deep with wells 3,000 feet deep. Oil companies now routinely drill in 5,000 feet of water down to over 20,000 feet. Within a year California could be producing from fixed platforms which have a 15 year record of almost no serious spills out of 11,000 wells drilled.

5) Allow building of the proposed Keystone XL Pipeline from Canada’s massive tar sands, which would bring in another half million barrels per day as production ramps up. However, environmental groups are fighting the project tooth and nail, arguing that it would contribute to global warming, because the sands need heating to separate out the oil. As the debate unfolds, China is already offering to buy the oil instead.

6) Congress needs to correct the Environmental Protection Agency’s rules to force it to make decisions within 30 days and to use rational measurements instead of a few parts per million as grounds for declaring any product hazardous and illegal. Special fast-track courts for environmental issues, as suggested by Tea Party leader Rep. Michele Bachman (R-Minn.), could be established to expedite environmental lawsuits.

The above projects could cut imports roughly in half from their current 10 million barrels per day and end dependence upon Middle Eastern oil. They involve very little cost for taxpayers, unlike alternative-energy schemes, and would produce hundreds of thousands of new jobs and tens of billions of new tax revenue for Washington. Admittedly, we may have to wait until Americans are waiting in gasoline lines to consummate any or all of the above, but these measures are the way to save ourselves and possibly the world economy from an oil shortage catastrophe. Additionally, it would undercut the rationale for the seemingly unending wars we’re now waging while trying to secure Middle East oil.

Jon Basil Utley is associate publisher of The American Conservative. He was a foreign correspondent for Knight Ridder newspapers and former associate editor of The Times of the Americas. For 17 years, he was a commentator for the Voice of America. In the 1980s, he owned and operated a small oil drilling partnership in Pennsylvania.


http://reason.com/archives/2011/03/30/the-case-for-increasing-domest

SVSE ~~~~~ Looks like we had a pretty good day today with 90,000 shares traded at .0015

Hope everyone has a great night and will see you in the morning.

[b]<<<< IF YOU STOP BY TO CHECK OUT SVSE OVERNIGHT AND THE EARLY MORNING, PLEASE LOOK AROUND AND CHECK OUT WHAT SVSE IS ALL ABOUT >>>>

SVSE ~~~~~~ Domestic Oil News #3 from December 14, 2011

First Titan Corp. announced today that its joint venture with Big Canyon, LLC, plans to target oil and gas leases and exploratory wells for acquisition in the historically-rich drilling grounds of Texas, Oklahoma and Louisiana.

'We're specifically targeting leases in this tri-state region that are directly adjacent to properties where new oil and gas discoveries have already been made. This strategy will help us narrow down our prospects to only the most promising with a minimum of exploration time and expense.'

'These three states have a long history of oil and gas production, and as the U.S. transitions into a net exporter of hydrocarbons, it will be Texas, Oklahoma and Louisiana that lead the way,' said FTTN CEO Robert Federowicz. 'We're specifically targeting leases in this tri-state region that are directly adjacent to properties where new oil and gas discoveries have already been made. This strategy will help us narrow down our prospects to only the most promising with a minimum of exploration time and expense.'

FTTN announced on Monday that it signed a letter of intent to form a joint venture with Big Canyon for oil and gas exploration, development and drilling in North America. The companies have 30 days to complete due diligence review of potential oil and gas opportunities before settling on their first lease.

'Big Canyon brings a great deal of experience in this region to the table in our joint venture,' Federowicz said. 'They have brought several potential leases in Texas, Louisiana and Oklahoma to our attention that we believe could be very lucrative. We look forward to announcing the site of our first exploratory well very soon.'

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Marathon Oil Corp., Exxon Mobil Corp., TOTAL S.A. and SandRidge Energy Inc.

<<<< THERE ARE ALL KINDS OF OPPORTUNITIES IN MANY DIFFERENT PARTS OF THE COUNTRY FOR SVSE! >>>>

http://www.oilvoice.com/n/FTTN_targets_oil_gas_leases_in_Texas_Oklahoma_Louisiana/ff330b4c567d.aspx

Thx - merry Xmas to you too.

SVSE ~~~~~ Domestic Oil News #2


KANSAS CITY, Mo. — Oil companies have been leasing mineral rights on thousands of acres in south-central Kansas, where they have begun drilling wells using horizontal hydraulic fracturing, or “fracking,” a technique that has drawn scrutiny from the Environmental Protection Agency and other states.

Kansas State Rep. Vince Wetta, whose district is in the area, organized a recent meeting in Wellington with about 500 area residents and officials from SandRidge Energy, Chesapeake Energy and Shell Oil Co. Wetta said the flurry of leasing activity is an extension of oil drilling in neighboring Oklahoma.

“They’re spending millions and millions of dollars buying up leases … thousands of acres,” said Wetta, a member of the joint legislative Interim Committee on Energy and Environmental Policy. “It’s all fracking.”

He said some recent leases have gone for more than $1,000 an acre where a few years ago those leases would have drawn considerably less.

The new Kansas drilling will involve fracking, which was pioneered in Kansas in the 1940s and involves pumping water, sand and chemicals into the well to open cracks and help oil and gas flow to the surface. The method has been used for decades, but has been developed over the years to such an extent that it can now be used in the Kansas formation, said Ed Cross, president of the Kansas Independent Oil and Gas Association, a trade group.

“Horizontal drilling and hydraulic fracturing technology that’s now available can go into these unconventional formations,” Cross said. “We’ve known for years about these source rocks (in Kansas) … but they’re in tight formations … and you couldn’t get to them.”

As fracking increases around the country, it has drawn attention from environmental groups questioning whether the method contaminates groundwater. Oil and gas companies that use fracking have said the method is safe.

The Environmental Protection Agency said last week it found a possible link between hydraulic fracturing and groundwater pollution in a central Wyoming town. The EPA said the findings from that study, however, are specific to that town, Pavillion, Wyo. Calgary, Alberta-based Encana, which owns that Wyoming gas field, also said the compounds could have had other origins not related to gas development.

Other states also have raised concerns about fracking. Colorado regulators this month moved to require energy companies to disclose the concentrations of all chemicals they use in hydraulic fracturing. Companies in Texas will also have to begin listing their fracking fluid chemicals in February.

Kansas does not require companies to disclose the chemicals they use in hydraulic fracturing, according to the Kansas Corporation Commission, which regulates the $6 billion oil and gas industry in Kansas. KCC data also show that the state has about 5,000 intent-to-drill notices so far this year, compared with 2,800 such notices in 2009.

The number of intent-to-drill notices is also up in the south-central region. SandRidge, which filed no intent-to-drill notices in south-central Kansas in 2009, has filed 21 in the last six months alone. Shell, which also didn’t file any drilling notices in south-central Kansas in 2009, filed seven in the last six months, and Chesapeake filed 10 intent-to-drill notices in the last six months in south-central Kansas, up from two in 2009.

James Roller, of Chesapeake Energy, said his company bought mineral leases to about 400,000 acres in four counties in south-central Kansas recently. He said the company has drilled three oil and gas wells using horizontal hydraulic fracturing in the area, and that Chesapeake is evaluating results from those wells. He would not say how much the company has spent on those leases.

The boost in potential drilling could be a “game changer” in Kansas, said Cross of KIOGA. But he said it’s unclear how productive any drilling in the region will be and the costs of horizontal fracking, which he estimates at about $3.5 million per well, is too costly for smaller members.

“It’s an unconventional play, and no one’s really saying what they’d expect the reserves to be,” Cross said. “This is coming up into our state, and there’s a lot of apprehension, a lot of anxiety. You have to be careful about overstating stuff because there are areas of the country that it didn’t pan out.”

The Sierra Club has said it’s concerned that the pace of development in south-central Kansas may be too much for Kansas regulators.

“Our concern is that the state doesn’t have the regulations they need to deal with the kind of volume the industry is beginning to see in the state,” said Yvonne Cather, chair of the Kansas chapter of the Sierra Club. “I don’t believe the regulations that are current are going to address the problems that have happened in other states.”

http://fuelfix.com/blog/2011/12/19/oil-companies-exploring-south-central-kansas/

SVSE ~~~~~ Good morning Pizzaclown. The only contact information is what is currently present in the IBox. And they do not have a working website at this present time.

Keep checking back in the IBox for any updated information - as I find it, I will post it.

Have a Merry Christmas.

SC


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Any contact info or website for svse?

SVSE: Domestic Oil News

CALGARY, Alberta — TransCanada Corp. said it has received customer support to undertake an extension of its stalled Canada-to-Texas Keystone XL oil pipeline pending regulatory approval in the U.S.

Russ Girling, TransCanada’s president and chief executive officer, said in a statement that the potential 50-mile (80-kilometer) expansion of the Keystone XL pipeline would increase the capacity of the pipeline to 830,000 barrels per day from 700,000 barrels.

Instead of ending in Port Arthur, Texas, the pipeline will reach into the Houston market, known as the Houston Lateral, as well. That will more than double the U.S. Gulf Coast refining market capacity the pipeline can access if it’s approved.

“This significant demand and additional long-term customer commitments confirm the continued strong shipper support of TransCanada and the need for Keystone XL to move forward,” said Girling.

“Proceeding with the extension of the Keystone XL system to Houston and increasing capacity on the pipeline system will further enhance the connection of a secure, growing and reliable supply of Canadian crude oil and domestic U.S. crude oil with the largest refining market in North America, while providing additional flexibility to our shippers,” he added.

The Houston Lateral is within the original scope of the regulatory process that is currently under way, TransCanada said.

The U.S. State Department was originally set to announce its final decision by year-end, but in November said more time was needed to weigh a new route for the pipeline to take through Nebraska, in order to avoid environmentally sensitive areas.

The pipeline would carry oil from western Canada to refineries in Texas, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma and Houston if the expansion is approved.

Montana state officials on Thursday announced environmental approval for the pipeline.

But TransCanada spokesman Shawn Howard said there were no immediate plans to begin work in Montana while federal approval is pending.

The U.S. State Department — which has final say because Keystone XL would cross an international border — now expects to make its decision in early 2013. If it’s approved, TransCanada expects Keystone XL, including the Houston Lateral, to be in service by the end of 2014.

Republicans in Congress are trying to speed up a decision by linking approval to a measure renewing a payroll tax cut.

Keystone XL is one of several pipeline projects to draw the ire of environmental groups waging a wider war against the development of “dirty” oilsands crude. Heavy crude from Alberta’s oilsands takes a lot of work to process and has a long way to travel to U.S. refineries that can handle it. Critics say Keystone XL could bring risks of oil spills to the central United States and foster more development of carbon-intensive tar sands production.

It’s a battle pitted against those who argue the pipeline will provide massive job opportunities at a time when the economy is in dire need of jobs on both sides of the border.

A University of Calgary report released Thursday said the Canadian oilsands industry’s improved access to international markets could add as much as US$126.73 (CA$131) billion to Canada’s gross domestic product between 2016 and 2030, which could garner US$26 billion (CA$27 billion) more in government tax receipts.

“The rewards of additional pipelines for all of Canada are too great to ignore,” said report co-author Michal Moore. “Pipelines must be a national priority.”

TransCanada Corp. is looking to relieve the bottleneck at Cushing, Oklahoma, a massive storage hub that has become a major choke point.

The report said producers stand to gain US$10 for every barrel they produce if they can get their oil past Cushing to the Gulf Coast, where it would displace imported crude like Mexico’s Maya.

“It seems to me that the right role of government is to make it clear that this resource is a world product and should be allowed to get access to world markets and, where possible, they can seek out the help to do that.”

http://fuelfix.com/blog/2011/12/16/canada-oil-pipeline-into-us-gets-extension-support/

SVSE ~~~~~~ Good morning to all! I hope all investors have a great and profitable day. Early action with SVSE is looking good ===> Bid/Ask - .0015/.0019 with 10000 shares traded.

Lets see what we can do to buy on the ask today.

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I appreciate the kind words ... feel free to post things that you find about SVSE. All shareholders need to contribute information and DD that is current and relevant to bring awareness.

GLTU today and Merry Christmas to you and your family.

SC

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very good work thank you

SVSE ~~~~~ GM to all. Please remember to post articles or viewpoints about SVSE. Both positive and negative viewpoints are welcomed BUT back up your viewpoint with DD.

This looks like a nice low float stock and, with a little work, we can get this stock back up to levels where it was before (.007 - .015)

Also, please feel free to post any industry news about domestic oil or natural gas production - this is the industry that we are in.

SC


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SVSE ~~~~~ More Things To Consider About The Oil And Gas Industry

The NAT GAS Act -- known in more formal circles as the New Alternative Transportation to Give Americans Solutions Act --provides tax incentives to encourage the use of natural gas as a transportation fuel. Many believe the legislation will pass given the sizable position taken by some notable investors in natural gas transportation stocks.

Link:

http://www.fool.com/investing/general/2011/08/12/will-the-nat-gas-act-pass.aspx

SVSE ~~~~~~ UPDATED CORPORATE HIERACHY

http://50.57.11.204/California/Beverly-Hills/silver-star-energy-inc/44083949.aspx

SVSE ~~~~~~~ I think what investors need to do is to become familiar again with this company to REALLY see what they have to offer. No major news items in 4(+) years would scare off many investors who are looking for quick profits but that might not be true.


Just have to turn over a few more rocks .......


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Another Interesting Read


Key Gas Indicators Suggest
Another Midstream Push
by Dr. Kent Moors

Dear Oil & Energy Investor,

Volatility is not just about the direction of prices, or the frequency of market ups or downs.

It also manifests itself in ways you simply won't see on page 1 of the Wall Street Journal.

Take, for example, an intriguing situation in today's natural gas sector...

Every week, Baker Hughes Inc. (NYSE: BHI) releases a rig count, tallying the total number of rigs used in the extraction of both oil and natural gas here in the United States.

And after analyzing the numbers for the week ending Friday, December 9, what I found was surprising.

The company's weekly rig count indicated a decline of drilling rigs for gas wells.

However, the same report indicated a rise in rigs being used in oil fields.

The gas-rig-usage figure declined by 36 for the week and stands 128 below the count for this week in 2010. In contrast, oil rigs increased 29 for the week and is up approximately 50% (1,132 versus 763) over the same week last year.

Now such a decline in gas well drilling, coming off similar weakening numbers over the past month, seems to indicate that the market has concerns over too much gas supply coming on line too quickly.

With prices in gas futures contracts deflating - despite colder winter months approaching - the balance of supplies in the system becomes an important consideration.

This market sentiment, of course, is a result of the rapid acceleration in unconventional gas drilling, especially in shale basins such as the Marcellus, Fayetteville, and Barnett. And the continued emphasis on shale continues to be observed in the rig figures.

Last week, horizontal rig usage (used for both gas and oil shale wells, as well as some conventional applications) declined by five. However, the figure was still up by more than 19% -- 185 more rigs in use - compared to the same period a year ago.

Turn That Rig (Back) On
The transferred emphasis to oil (and the recently higher market prices) has prompted an increasing reliance on recommissioning already depleted wells back into service. The number of workover rigs in use (meaning those employed to upgrade existing wells back into service) continues to climb.This would appear to indicate a decreasing reliance on new gas drillings, as well as a return to crude oil.

Well, that is not as simple a conclusion as it would seem.

For one thing, the number of gas wells drilled over the last 18 months has been nothing short of staggering. The volume already flowing into the network has been increasing available gas for each of the last two years.

In fact, there is so much extractable shale gas that the overall amount available to the market could increase by 25% per year over the next few years.

And that would impact prices.

The average shale gas well is providing most of its volume in the first 12 to 24 months. Therefore, as demand increases (and it is, especially in the usage of gas to power electricity generation), the number of operating wells will have to rise in the near future.

So, the decline in drilling appears to be a temporary thing.

However, something else is happening that has improved the profitability expectations for a specific segment of the gas sector...

A Boost to Midstream Operations
Again, the "midstream" is where services exist between the fields where the gas is produced (upstream) and the primary processing, treatment, distribution and sales (downstream).

And as demand (especially industrial) rises, a shortfall is developing rather quickly......

Interesting Read About Canadian Oil


The Untold Story about Canada's "Defection"
by James Baldwin | published December 14th, 2011 OIL & GAS INVESTOR
Even after the scores of lectures I've sat through on environmental economics, or the long discussions about energy policy with think tanks at the Johns Hopkins D.C. campus…
I never expected this to happen.
At least not from the perpetrator in drama…
Not Canada. They were supposed to live by example for the West…
But, on Tuesday, citing economic and political concerns, Canada became the first country to officially withdraw from the Kyoto Protocol, a 1997 agreement under which 37 countries committed to reduce carbon emissions below 1990 levels.
On the surface, this represents a breakdown in transnational climate negotiations.
But underneath, there's more important trend. And it's very good news for oil and energy investors like you and me.
So… while policy wonks debate "what's next" for climate talks, we need to discuss what this means for the future of energy investment in North America.
And it's positive… for now.
A Policy Breakdown
As you'll see, there are actually two stories here.
The first is about policy failure and the blow to members' expectations that economies could meet emissions reductions by 2012.
But the Canadian government has, for at least a decade, expressed dissatisfaction with the Kyoto Treaty since it fails to hold two of the largest emitters and economies in the world – India and China – accountable for meeting reductions targets. In addition, the United States, the second-largest emitter in the world, never ratified the treaty in the Senate.
Meanwhile, Canada was reducing its emissions. The country has been weaning itself off coal for the better part of a decade.
Its decline in coal consumption was mainly due to the Ontario government phasing out its remaining 6.1 gigawatts of coal-fired plant capacity through 2014.
Still, that reduction would never have been enough to meet Kyoto's rigid standards.
Under the agreement, Canada was supposed to cut its emissions to 6% below 1990 levels during the four years between 2008 and 2012.
As of today, the country is roughly 30% above its target.
So, in order to fulfill its obligations, Canada would now have to buy carbon emission permits from other Kyoto signatories to offset this imbalance and meet its agreed target.
That price tag was estimated at $14 billion – or $1,600 from every Canadian household – even though these permits still wouldn't reduce global emissions levels.
Now, Canada will likely avoid these costs.
But the second story was more troubling to politicians.
In order to reach future emissions targets, the country would likely have to curb significant levels of economic activity and strip down its oil and gas production, particularly in the Alberta tar sands, its largest source of new emissions.
And this is the story every oil and energy investor needs to know, but isn't hearing anywhere else.
A Nod to Energy Producers
The Canadian economy continues to be a shining example to a Western world struggling to rebound from the global financial crisis. The resource-rich nation has enjoyed a nice buffer from the aftershock of the crisis, thanks to strong production in energy, minerals, and agriculture.
In the last nine years, Canada's GDP has doubled.
And leaders would like to keep this going.
The country has immensely benefitted from the boom in oil and gas production in the sands of Alberta. But tar-sand mining is far more carbon-intensivethan traditional crude oil production.
The rise in tar sand production naturally has led to increased emissions since 2008, even though a heavy majority of the crude is used as energy in places like the United States or China – two countries that aren't bound by the emissions treaty.
So even though Canada is a very small emitter of carbon by comparison, political leaders had to be asking themselves one question: Why should Canada buy credits for their emissions from oil production, when two of their largest consumers of oil and gas are not required to do the same for burning their imported oil?
And, why should they cut production or stall growth in order to meet these obligations?
It appears Canada isn't willing to turn off the pumps or pay the costs for now, not with global energy demand rising and financial conditions ripe for production in Alberta.
As Kent has noted before, the price of oil needs to be roughly $70 to $75 a barrel in order for production in new oil sands fields to be profitable.
Existing fields require crude prices to be at least $50 to $55 in order to justify extraction of crude. With global prices expected to swell well past $100 a barrel in 2012, now is the right time to be producing oil in Alberta.
Profiting Upstream (and Midstream)
Canada is the largest supplier of oil and gas to the United States, shipping approximately 75% of its exports here each month. According to the government of Alberta, nearly 173 billion barrels of recoverable oil rest in these tar sands, based on current production costs.
This represents nearly 75% of the total North American reserves currently available.
And such a tally has attracted a great number of upstream and integrated companies looking to produce with demand rising and access to conventional sources falling.
It was just last year, in an interview with Money Morning, that Kent explained why Asian state oil firms, led by China, were acquiring interests in oil sands projects and spending billions to satisfy their rising energy needs.
And this trend is expected to continue as greater production from unconventional sources is needed to meet this demand. With margins increasing, upstream producers are settling in and expecting strong returns.
In fact, in August, Travis Davies, a spokesman for the Canadian Association of Petroleum Producers, told the New York Times that the sector expects oil sands production to roughly double by 2020, depending on the long-term price of crude.
This should also be welcome news to midstream service providers.
Despite the delay of the Keystone Pipeline between Canada and the United States, it's clear that production will continue, uninhibited, and that politicians are on board.
And anywhere the oil is flowing is a good thing for midstream providers.
Remember, these companies are assessing fees in order to move oil and products from the production points (upstream) to processing, treatment, and retail centers (downstream).
So the greater the levels of production, the more these services will be needed to transport and store these fuels.
Canadian rail companies were already increasing domestic transporting capacity with the growth of the Bakken shale field. Now, expansion of tar sand production will only pique their interest even more as they aim to profit on this "black gold" rush.
Of course, Canada has stated that it is willing to step back to the table to negotiate a long-term treaty that binds all countries to specific emissions cuts, which would likely introduce new taxes or fees on producers.
But given the lukewarm outcomes in Durban last week and Copenhagen in 2009, I'm expecting Mr. Davies' prediction will come soon long before these nations, all seeking to grow their economies, can reach a profound agreement.
It's a good time to look north for opportunity.



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Crude Oil Information


•Jan crude oil prices Friday morning are up +40 cents a barrel and Jan gasoline is +2.93 cents per gallon. Crude oil and gasoline prices fluctuated between gains and losses yesterday and finally settled lower as an unexpected decline in U.S. industrial production offset a drop in weekly U.S. jobless claims and a jump in manufacturing activity on the East Coast: CLF12 -$1.08, RBF12 -1.60. Jan crude fell to a 5-week low and Jan gasoline slipped to a 2-week low. Bearish factors included (1) the unexpected drop in Nov U.S. industrial production, (2) concern the European debt crisis may worsen after IMF Managing Director Lagarde said the "the crisis is not only unfolding, but escalating" and cannot be resolved by one group of countries, (3) comments from ECB President Draghi who said a short-term contraction in the Euro-Zone is "unavoidable" due to governments' austerity measures, and (4) concern energy demand may fall in Japan, the world's third-biggest c rude consumer, after the Q4 Japan Tankan large manufacturers survey fell more than expected to -4. Bullish factors included (1) the weaker dollar, (2) the fall in weekly U.S. jobless claims to 3-1/2 year low, which may lead to an increase in economic activity and energy demand, and (3) stronger-than-expected manufacturing activity on the U.S. East Coast after the Nov Empire manufacturing index expanded at its best level in 7 months and the Nov Philadelphia Fed manufacturing index expanded at its best level in 8 months. BARCHART.COM

SVSE ~~~~~~ This stock looks interesting .... I will a little more snooping around to find more about the company and post what I find.

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Company Information: California, USA


Silver Star Energy, Inc. has a 40% working interest, or 32% net revenue interest after deduction of all burdens, including royalties, in the North Franklin prospect. The North Franklin prospect is located in Sacramento County, California, between the cities of Stockton and Sacramento. The prospect n includes 3,465/3,200 gross acres under lease. The North Franklin prospect sits along and is part of the Eastside Winters Stratigraphic Trend, which has produced more than 450 billion cubic feet of natural gas. The North Franklin prospect also contains the Deep Forbes sandstone zone, which is a prospective structural/stratigraphic gas trap for Upper Cretaceous F-zone sands in the southern Sacramento Valley in California.


In August 2005, the Company acquired a 20% working interest from a private company in a prospective Kansas oil and gas play. Silver Star Energy, Inc. will participate in a joint venture with Fidelis Energy, Inc., which has a 25% working interest, and Cascade Energy, Inc., which also has a 25% working interest to develop the project. The private company from whom, the Company acquired its interest will be carried through the drilling and completion of the first two exploratory wells.

Company Information: Alberta, Canada

The Company has a 66.7% working interest in 960 gross acres in the Evi prospect in Alberta, Canada. The Evi area is located in northern Alberta approximately 200 miles north-northwest of Edmonton. Silver Star Energy, Inc. has one oil well, the 7-11, which is in commercial production at the Evi prospect. The 7-11 well, together with the surrounding land, has been designated held by production to the base of the Slave Point formation by the Alberta provincial government, which means that under the terms of the leases, the Company may continue to operate the property, as long as the property continues to produce a minimum paying quantity of oil. The 7-11 well produces from the Slave Point limestone reservoir. Husky Oil has been engaged to operate the 7-11 well.


The Verdigris Lake prospect is located in southeastern Alberta, 15 miles north of Coutts. This prospect targets two potential zones: the Bow Island formation and the Sunburst sandstone member of the Lower Cretaceous Mannville Group, both of which are potential gas prospects. The Bow Island zone contains washed and variably shaly, fine to coarse grained sandstone, with interbedded siltstone and mudstone and with subordinate conglomerate and pebbly sandstone. The Company’s prospect is for a Sunburst channel sandstone that has been identified on seismic data.

Company Information: Overview

Silver Star Energy, Inc., incorporated on September 25, 2002, is an oil and natural gas exploration and development company. The Company focuses on identifying, acquiring and developing working interests in underdeveloped oil and gas projects that do not meet the requirements of larger producers and developers. Silver Star Energy, Inc. focuses on two areas with specific development potential: the province of Alberta in Canada and the states of California and Kansas in the United States. Kansas was discontinued on June 16, 2006.

I am in the same boat I like to find undervalued stocks and sit on them while they roll out. Question is more what is management's intention. I don't see anything tangible at this point to hold onto.

Going to try to reach the company next week again.

none, just an investor.I like the share structure and chart setup..I like stocks like SVSE little to no interest but with actual business.will boom one day..the key is when..risk vs.reward here worth buying some and holding..imo

MB what is your interest here? You hearing something through the grape vine? I can't seem to reach anyone at the company let me know if you know how.

Share Structure
Market Value1 $288,663 a/o Nov 03, 2011
Shares Outstanding 96,221,035 a/o Mar 15, 2007

Average Vol (3m) 64,794

nice ss

low floater

is only a question of time until the scrap is delisted

Following up on contact info for the company from the end of the year. Anyone have contact info for this company? I am still having no luck.

hope so

Merger in the works? SVSE going to explode

any one has any information about this company? if so please share with us.