Southern Star Energy Operations Update
Southern Star Energy Inc. (OTCBB:SSEG) Southern Star Energy has completed laying 12,000 ft of pipeline to service both the Lincoln Atkins 18-1 well and the R.C. Atkins Etal 8-1 well.
Southern Star Energy’s wholly-owned subsidiary has completed the successful acquisition of pipeline right of way and the installation of the pipeline necessary to test, complete and flow the Lincoln Atkins 18-1 and the R.C. Atkins Etal 8-1 well into the sales line. The company intends to tap into the gas transmission line in conjunction with the completion of the Lincoln Atkins 18-1 well.
The company has begun completion activities on the Lincoln Atkins 18-1 well and anticipates completing the well within the next 3 weeks.
About Southern Star Energy Inc.
Southern Star Energy Inc. is an oil and gas exploration company with attractive lease acreage properties in Louisiana. The company has acquired over 5,500 net acres of land and has drilled its first two wells. Southern Star Energy has expanded its holdings by acquiring additional leasehold interests and increasing its total acreage position to approximately 8,500 gross acres with estimates for more than 90 wells.
Information Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the estimation, expectation and/or claim, as applicable, that: (i) the company intends to tap into the gas transmission line in conjunction with the completion of the Lincoln Atkins 18-1 well; and (ii) the company anticipates completing the Lincoln Atkins 18-1 well within the next 2-3 weeks of this release.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the inherent uncertainties and speculative nature associated with oil and gas exploration; (ii) any number of events or causes which delay or cease exploration and development of Southern Star Energy’s property interests such as environmental liabilities, weather, mechanical failures, safety concerns, labour problems and financing problems; (iii) changes in economic conditions, adverse exchange rates and financial markets; (iv) the risk that Southern Star Energy does not execute its business plan; (v) the inability to retain key employees; (vi) changes in the prices of oil and gas; (vii) Southern Star Energy’s inability to finance its operations or growth; and (viii) the inability to obtain all necessary government, environmental and regulatory approvals. These forward-looking statements are made as of the date of this news release and Southern Star Energy assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Southern Star Energy believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Southern Star Energy’s periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.