- Business
- Silver Star Energy, Inc. (SVSE) is an early-stage exploration and production company focused on identifying, acquiring, and developing working interests in underdeveloped oil and natural gas projects across western North America that larger producers overlook; its primary assets include interests in the Evi prospect in northern Alberta, the Verdigris Lake prospect in southeastern Alberta, and the North Franklin prospect in Sacramento County, California, with operations centered in the Western Canadian Sedimentary Basin and the United States. Founded in 2002 as Movito Holdings Ltd. and renamed Silver Star Energy, Inc. in December 2003, the company is headquartered in Beverly Hills, California, and maintains a lean structure with approximately two employees while pursuing strategic alliances for high-quality, low-risk prospects. No major acquisitions, funding rounds, partnerships, or product launches have been reported in the last one to two years, reflecting a stable but low-activity phase amid minimal revenue of $1.60 million and earnings of $4.72 million on a trailing twelve-month basis as of recent filings.