Thursday, May 1, 2014

Start Scientific, Inc. (STSC) – Putting People and Oil Properties to Work

Texas-based Start Scientific is an oil exploration, drilling, extraction, and delivery company specializing in sweet crude oil and focusing on oil and gas opportunities in international markets. At this point in time, the company has a number of significant assets, both tangible and intangible.

Together with its property holdings in Mississippi and Romania, Start Scientific’s staff, its affiliates, and joint venture partners are essential to the company’s ultimate success. A highly qualified and focused management brings over six decades of combined experience in the drilling, extraction, delivery, and management of natural resource companies to the table. The company’s staff has the technical and logistical skills to ensure it remains competitive and to provide product and service excellence, and a group of affiliates and strategic partners contribute their industry expertise. By fully leveraging this team of stakeholders, Start Scientific intends to strive to meet the global demand for energy and resources and to remain a vital part of the oil industry.

The company’s tangible assets include holdings in Romania and Mississippi, USA.

Through leases and concessions over approximately 120,000 acres in Romania, Start Scientific oversees six oil and gas fields: Bordei Verde Vest, Nadlac Fields, Catrunesti Field, Cozieni Field, and East Ciumeghiu Field. Of these six fields, the company means to drill three new wells, one each in three of the fields. The company will also partner with Amromco on two new wells that that company is drilling in the Bordei Verde Vest, and Nadlac Fields. On top of these projects, Start Scientific intends to begin working on restoring the current pipeline in the Alexandria Block and to recomplete the existing well in the Catrunesti Field.

Start Scientific discovered its first oil field in the United States (Tinsley Field) around the Mississippi area. Six months after, the company discovered the Pickens Field, 35 miles north of Jackson, Mississippi, in the Madison and Yazoo Counties.

Start Scientific holds a 25% working interest in the Pickens Field and has an option to purchase an additional 25% subject to certain conditions. From this field, Start Scientific estimates it could recover 200,000 barrels of oil per well and up to 5,000,000 total barrels of oil, depending on how far the field extends to the west. At present, the Pickens Field has produced over 20 million barrels of oil from the Eutaw Wilburn sand, approximately 2 million barrels of oil from the Selma Chalk, and approximately 100,000 barrels of oil from the Tuscaloosa and Lower Cretaceous.

For more information, visit the company’s www.startscientificoil.com

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