Monday, April 21, 2014

Start Scientific, Inc. (STSC) Business Strategy Centers on Creating Shareholder Value, Fully Exploiting Current Interests

Demand for oil and oil derivatives generally keep pace with the broader U.S. economy and rate of new jobs creation. According to an early April report issued by the Energy Information Administration, spot prices for West Texas Intermediate crude oil are on track to average at $95.60 a barrel this year, a hike over previous forecast of $95.33 a barrel. Start Scientific aims to build on these estimates to create shareholder value and play a role in supplying growing demand by using its management and industry experience as catalysts for continued growth.

Leveraging a management team with more than 65 years of combined relative experience, Start Scientific focuses on the exploration, drilling, extraction, and delivery of sweet crude oil. Current company assets include holdings in Romania and Mississippi. Leveraging management contacts, Start Scientific aims to expand its holdings by acquiring additional oil and gas assets, as well as to expand its exploration and development of existing properties.

Romanian assets include roughly 120,000 acres of concession and leases covering six existing oil and gas fields with significant undrained and undeveloped oil and gas reserves. The company’s strategy in Romania is to drill one new well in each of three fields in Romania; participate in two new wells in the two fields operated by Amromco; recomplete one existing well in the Catrunesti Field; and initiate necessary repair and replacement on the existing pipeline in the Alexandria Block.

In Mississippi, Start Scientific holds a significant interest in the Pickens Field 35 miles north of Jackson. The company estimates that as many as 20 locations are possible, and total recovery forecast at roughly 200,000 barrels of oil per well. Depending on the western extent of the field, an estimated 4 million to 5 million barrels of oil may be recoverable.

For more information, visit www.startscientificoil.com

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