Start Scientific works at
building shareholder value in the area of oil exploration, drilling, extraction
and delivery of sweet crude oil. The company’s business model is focused on its
ownership of concessions and leases of 120,000 acres in Romania encompassing
six existing oil and gas fields. STSC holds interests in Pickens Field covering
approximately 1,560 acers located in Madison and Yazoo counties; and two
working interests in oil and gas leases in Matagorda County, Texas. The Austin,
Texas, company has been strategically focusing on its business model since 2004
and has charted its course through four major projects since its inception.
Discovered in 1943, The
Flora Field is located in Madison County Mississippi approximately 20 miles
north of Jackson. The field has produced over 7,650,000 barrels of oil from the
Selma Gas Rock Formation in the Anderson sand. Five wells are currently
producing around 30 barrels of oil per day. Industry reports lead STSC to
believe the remaining oil in the Anderson sand exists on approximately 255
acres to the south and 40 acres to the north with remaining oil trapped in the
anticline. Corroborating data suggests the potential in the Anderson sand could
be as much as 737,500 barrels of oil.
Another STSC project
involves Palacios Texas Field which covers approximately 5,000 acres where
shallow wells were drilled for more than 50 years. It is a complicated fault
control structure with known hydrocarbons from near the surface to 16,600 ft.
with gas estimates of a trillion cubic ft. with 30 to 50 million barrels of
condensate.
The Williston Basin is a
expansive hydrocarbon ‘super basin’ classified in a 2008 report issued by the
United States Geologic Survey as one of the world’s largest oil and gas
prospects, which covers an large-scale land region including Eastern Montana, North
Dakota, Northern South Dakota and Southern Saskatchewan, and is believed to be
the largest domestic oil discovery since Alaska’s Prudhoe Bay.
For over a decade,
horizontal drilling and hydraulic fracturing has opened up vast amounts of
natural gas and oil reserves in Clay County West Virginia. At first, the
“shale” formations provided targets of opportunity due to sheer volume,
thickness and depth. Today, with advancements in steering technology, companies
like Start Scientific are discovering shallow, thinner reservoirs that are now
accessible and thus revealing an abundance of opportunity.
Start Scientific is a
development-stage oil and gas development, exploration, drilling, and
extraction company. The company’s long-term goal is to grow and develop existing
oil and gas leasehold interests and acquire new interests within and without
the continental United States. In addition, the company plans to acquire
interests in older wells that, with the application of newer technologies, may
increase production and reserves.
For more information on
the company, visit www.startscientificoil.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment