Silver Star Energy Initiated With Speculative Buy / 4 Rating and 12-Month Target Price of $1.50 By I

From: Silver Star Energy
Published: Thu Apr 14 2005

NEW YORK, LOS ANGELES & ZURICH, Switzerland - April 14, 2005 - (Investrend Research Syndicate) Ernest C. Schlotter, oil and gas analyst with Investrend Research Affiliate SISM Research has initiated coverage of Silver Star Energy, Inc. (OTCBB: SVSE) with a Speculative Buy/4 rating and a 12-month price target of $1.50.

The full report is available at

Silver Star Energy, Inc., based in Los Angeles, has targeted low to medium risk ventures of natural gas properties in California and oil and gas properties in Alberta, Canada that have the potential for short-term returns as well as longer reserve lives. Through a series of strategic acquisitions via its key alliance partnerships, Silver Star Energy, Inc. has positioned itself for rapid organic growth.

"SVSE has only recently left the exploration stage and entered the production phase," said Ernest Schlotter, and added: "Our positive investment rating is based on Silver Star's exceptional near-term growth profile and its development and exploitation prospects. Our $1.50 price target is based on a 5.0x multiple to our 2006E EBITDAX estimate." The Company is already in a "new well site preparation" phase at its North Franklin property in California, and if successful, production from this well could be expected during the current quarter. Silver Star has financially secured its expenditure budget and, in addition, the Company will reinvest cash flow from operations. Schlotter also stated: "Increased drilling activities will lead to rapid growth in the Company's production volume, earnings per share, and cash flow and will ameliorate Silver Star's underlying net asset value growth."

SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX. This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall, to Multex, and InvesTrend. Both SISM Research and InvesTrend Research subscribe to the "Standards for Independent Research Providers" at

Silver Star Energy, Inc. will pay SISM Research $1,750 per month over a two-year period solely to ensure independent coverage.

To find out more about Silver Star Energy, Inc. (OTCBB: SVSE - News), visit the Company's Web site at


Silver Star Energy, Inc.
Robert McIntosh -- President

To find out more about Silver Star Energy, Inc. (OTCBB: SVSE), visit our website at

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Silver Star Energy, Inc.
Investor Information:
1-888-803-SVSE (7873)
Investrend Research
R. Hempel, 718-896-5060

Company: Silver Star Energy
Contact Name: Robert McIntosh
Contact Email:
Contact Phone: 888-803-7873

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