Austin, Texas 11/20/2007 11:43:55 PM
Speak with other shareholders about: (OTCBB: SSEY), (NASDAQ: MCRL) and (OTCBB: ADGO).
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Southern Star Energy Inc., (OTCBB: SSEY) down 2.6% on 824,000 shares traded.
Southern Star Energy has approximately 5500 acres under lease within the prospect area, which is defined by a string of ten vintage wells drilled in the 1950's. The prospect area was historically developed on 640 acre spacing (wells approximately one mile apart). Most of these old wells were abandoned before 1972 after only producing from one relatively thin (20 feet) zone of the Cotton Valley sand members. None of the zones with identified reserve potential have been produced within a five mile radius of the prospect area. Preliminary plans, with continued successful evaluation drilling, will be to develop the leased acreage with at least one well per 160 acres. Analog fields are being economically developed with at least one well per 80 acres indicating that many more wells can be reasonably contemplated. On Nov. 19th 2007, the company was pleased to provide an update the company's well the R.C. Atkins 8-1. R.C. Atkins 8-1: Drilled and completed February 24, 2007 to depth of 9950 feet. First stage completion with perforations from 9084' thru 9291' was perforated and frac stimulated with a conventional ball out procedure from September 25 through September 27. The well was allowed to flow back and clean up to tanks until October 19 when operations commenced to complete the Upper Cotton Valley section from 8500' to 8876'. The Upper Cotton Valley section from 8500' through 8876' was completed utilizing the new coiled tubing conveyed minifrac method in six stages from October 19 through October 25. The well was allowed to flow back completion fluids up 4.5 inch casing and clean up over the next eight days (November 1) at which time it began to show traces of hydrocarbons. From November 1 through November 10, gas rates flowing up casing have built up to about 740 mcfpd and 25 bwph with flowing casing pressure of 575 psi. Production has stabilized at 505 mcfpd 30 bwph at flowing casing pressure of 575 psi on 24/64 choke. From November 12 through 14, a completion rig was set up running production tubing into the well. Also a 150 foot sales line has been installed to begin producing the well to sales.
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Micrel Inc., (NASDAQ: MCRL) up 11.9% on 5.8 million shares traded.
Micrel Inc., is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. On Nov. 19th 2007, the company announced that it has signed a multimillion dollar, long-term contract to supply commercial solar cells. Micrel's unique processing capability enables the creation of the highest efficiency solar cells presently available. The partnership will involve the manufacturing and supply of concentrated solar cells while supporting world wide environmental efforts and corporate 'Green' initiatives.
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Adams Golf, Inc. (OTCBB: ADGO) up 7.3% on 476,000 shares traded.
Adams Golf, Inc. designs, assembles, markets and distributes premium quality, technologically innovative golf clubs. Adams Golf operates in a single segment within the golf industry (golf clubs and accessories) and offers more than one category of product within each segment. On Nov. 16th 2007, the company announced that it intends to apply for listing on The NASDAQ Capital Market. The Company believes that it meets all NASDAQ Capital Market listing requirements, except for bid price, and plans to seek stockholder approval of a 1 for 4 reverse stock split at a special meeting of stockholders for purposes of satisfying the initial listing bid price requirement.
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