Start Scientific is an oil and gas
company with efforts centered on development-stage exploration, drilling and
extraction. Its strategy is to capitalize on oil and gas exploration and
development opportunities that are frequently bypassed by the larger oil and
gas companies in the energy sector.
As of late, STSC has been engaged in
the due diligence involved in establishing leases and joint partnerships for
its project portfolio made up of shallow, deep and horizontal drilling projects
in the states of Mississippi, Texas, North Dakota and West Virginia. Through
its efforts in various geographic projects, the strategy provides Start
Scientific a much wider perspective of drilling and exploration opportunities.
Impetus for the company’s initiatives
comes from a management team that leverages a combined experience total of more
than 50 years in the industry. This foundation of know-how is applied to the
exploration of low-risk land lease opportunities on properties with known oil
deposits and the development of facilities on these properties to extract the
oil, and distribute it for sale in the open market cost effectively.
Evidence of the company’s resolve in
its mission was seen earlier this year as it signed two farmout agreements in
Jackson, Mississippi.
In the first agreement, together with
BPS Operating Services LLC, Start agrees it has until April 1, 2015, to tender
$500,000 for the first well to be drilled in the Flora Field of Madison County.
Production interest includes 40 acres near the new well and STSC earns a 75%
working interest before payout. Subsequently, a 60% working interest will come
after payout.
In the second agreement with Durban
Energy, it provides Start Scientific the time period up to July 10, 2015, to
begin drilling a new well on the Fayette Field acreage. The company gets all of
the net revenue until payout of all costs, at which time Start Scientific
delivers 25% working interest to Durban and its partners. There is a 30%
royalty burden on the leases.
Based in San Antonio, Texas, Start
Scientific endeavors to use its unique management contacts to acquire
additional oil and gas assets worldwide and expand its exploration and
development of existing properties.
For more information, visit
www.startscientificoil.com
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