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
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