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[Inspektor_Clouseau]

First Star mit tollen NEWS:


"First Star's operator sees more targets at Stewart West


2006-06-19 13:06 ET - News Release

Mr. Bill Wishart reports

EXPANDED 3D RESULTS YIELD POSITIVE RESULTS ON STEWART PROSPECT

First Star Resources Inc. has been informed by the operator of the Stewart gas project, Horizon Industries Ltd., that Horizon has received additional 3-D data covering the Stewart West prospect and adjoining lands in Goliad county, Texas, including existing wells in the recently discovered Marshall Middle Wilcox field located immediately to the north. Horizon reported it has completed its analysis and interpretation of these data which have revealed additional prospective drilling targets in the Frio, Cook Mountain and Middle Wilcox formations on the Stewart West property.

Previously acquired 3-D seismic data confirm the viability of two other Yegua targets on the eastern half of the property when compared with seismic profiles over nearby productive Yegua sands in the Jobar field.

The recently acquired 3-D data over the western half of the acreage identified potential gas sands in the Frio at 3,000 feet and in the Cook Mountain at 5,600 feet. The 3-D data set includes a nearby producing Frio gas well, known as the Modern Exploration Odem No. 1 well, drilled in 2004. This well has produced 104 million cubic feet to date and is producing currently at a rate of 135,000 cubic feet per day. The Frio amplitude map indicates a fairly limited aerial extent to the anomaly compared with the Frio anomaly on the Stewart acreage which covers approximately 70 acres. Accordingly, the company has commenced preparation of an AFE (authorization for expenditure) to drill and complete a Frio well as soon as a rig is available.

The Cook Mountain shows strong amplitudes on the Stewart West property inferring potential continuous gas-bearing sands. The best nearby production from the Cook Mountain was from the Houston Oil and Minerals Martin No. 1 well which produced approximately 450 million cubic feet. The Cook Mountain anomaly on the Stewart prospect covers approximately 45 acres which initially appears to be larger in aerial extent.

These new 3-D seismic data further defined the prolific Wilcox formation which has seen extensive development on adjacent and surrounding properties over the past two years. Several prospective targets have been confirmed and new targets identified. The expanded 3-D data set allowed the company to directly correlate amplitude anomalies from neighbouring Wilcox producers. These included six producing Wilcox wells, three by Etoco Inc. and three by Chesapeake Energy Inc., which had initial production rates ranging from three million cubic feet of natural gas per day to 21 million cubic feet of natural gas per day plus condensate at rates ranging from 30 barrels to 60 barrels per million cubic feet of gas.

Horizon president Chris Wensley states: "The findings resulting from our 3-D seismic program are extremely gratifying. Correlating seismic data on our property with nearby producing wells gives us much greater confidence with our next set of drill targets. We intend to act on this new information as quickly as possible and expect to announce details of our summer program shortly as we confirm rig availability."

For further information, please contact Bill Wishart at 604-609-0555, or Patrick Forseille, PGeo, at 604-608-0300 or toll-free at 1-877-609-0555.

We seek Safe Harbor."

Quelle: http://www.investcom.com/cgi-bin/redir.cgi?url=http://www.st…

[Inspektor_Clouseau]

Der Kurs scheint sich endlich beruhigt zu haben.
Evtl. sehen wir im Moment die Bildung einer W-Formation.

[Inspektor_Clouseau]

Gehen wir über die 0,20 CAD, könnten wir es geschafft haben!!

Das sind nur noch 0,02-0,03 CAD!

[Penny.Z]

[Inspektor_Clouseau]

Und das alles zu einer MArketCap. von 2,6 Mio. Euro!

[Penny.Z]

Schau mal hier rein Inspektor:

[Thread-Nr: 1061533]

Da wolltest du den D... schon zu 18 und Höher an den Mann bringen.

Wer da rein wäre hat nun fast 40 % Minus.

Hast du noch so viele als das du nun einen weitereb Versuch starten musst.

Was macht TIRO eigentlich? Bei 95 wolltest du die uns Gut reden.

Nun 75 . Also wäre schön wenn du mal einen Tip hättest der uns Plus bringt und nicht nur dir immer.