Category Archives: Start Scientific Inc. STSC

Start Scientific, Inc. (STSC) Harnessing Proven Oil Sites to Cut Excess Drilling Costs

April 7, 2015

As the weather heats up, the demand for oil is quickly following suit. The first week of April saw crude oil prices, which have been hovering near a six-year low for much of 2015, climb to their highest point since early March. According to a report by the Wall Street Journal, rising demand in both the United States and Asia are driving the market’s rally, which is great news for development-stage oil and gas company Start Scientific, Inc. (OTCQB: STSC).

By growing and developing existing oil and gas leasehold interests, Start Scientific is making significant strides towards increasing its production. Take, for example, the company’s Flora Field project, which is located in Madison County, Mississippi. According to drilling records, the field has already produced over 7.5 million barrels of oil, but recent advances in drilling technology have opened the door for access to well over a million additional barrels in the future. By harnessing the existing shut-in wells in the field, the company expects to further explore potential deposits without the need for significant risk or expense, while potentially gaining access to as much as 2.25 million barrels of oil under the current farmout agreement.

“We believe the Flora Field is an economical drilling site with the possibility of good revenue for the Company,” stated Norris R. Harris, Chief Executive Officer of Start Scientific. “In this environment of lower oil prices, we must drill, explore, and extract oil at the right operational costs.”

Despite making strides towards recovery, recent oil prices have made low-cost alternatives to shale drilling programs essential for success in the industry. Start Scientific is placing itself in a strong position to capitalize on the evolving market by entering into low front-end cost farmout agreements in proven oil production regions around the country. In January, the company entered into agreements to begin drilling preparation in multiple sites, including both the Fayette Field in Jefferson County, Mississippi and parts of the Palacios Field in Matagorda County, Texas.

Start Scientific has positioned itself to achieve favorable results for shareholders in the future. By obtaining stakes in proven production regions, the company aims to realize substantial savings in the exploration and development stages while achieving significant growth in production totals over the coming years.

For more information on the company, visit www.startscientificoil.com

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Start Scientific, Inc.’s (STSC) Existing Portfolio Lends Insight to Broader Long-Term Plan

March 31, 2015

San Antonio, Texas-based Start Scientific is an oil and gas exploration, drilling, extraction and delivery company with a current portfolio of a total of four primary projects located in Mississippi, Texas, North Dakota and West Virginia. The company’s progression strategy is to advance these primary projects and utilize its more than 65 years of industry experience to seek out additional development opportunities that are overlooked by larger oil and gas companies.

Start Scientific’s interests include low-risk land and lease opportunities on properties with known oil deposits. The goal is to develop facilities on these properties and cost effectively extract the oil to be refined and sold in the open market. Start Scientific’s current endeavors include shallow, deep, and horizontal drilling opportunities, three of which are primary oil projects and one natural gas.

The first project, the Flora Field in Mississippi, was discovered in 1943 and has produced more than 7.6 million barrels of oil from the Selma Gas Rock Formation in the Anderson sand; five wells are currently producing approximately 30 barrels of oil per day. Based on the most recent drilling (1997), Start Scientific believes the remaining oil in the Anderson sand could be as much as 737,500 barrels of oil. Due to its lower permeability, the Chalk section of the Selma Gas Rock Formation as largely been overlooked; however, exploration data indicate the Chalk has enough permeability to be commercial. Start Scientific believes the Chalk has potential to produce 10-20 barrels of oil per day, per well, and could consist of as much as 2.2 barrels of oil net to the company under its current farm-out agreement.

In Texas, Start Scientific is focused on the Palacios Texas Field, a structure that covers approximately 5,000 acres on which shallow wells were drilled for more than 50 years. The structure has known hydrocarbons from near-to-surface to 16,600 feet and gas estimates of a trillion cubic feet with 30 million-50 million barrels of condensate. This is where the expertise of Start Scientific’s leadership team is vital; in the 80s, company management successfully drilled below 20,000 feet and produced wells with greater pressure. Start Scientific’s plan is to apply knowledge from that experience to its option agreement for 1,700 acres on top of the structure in Texas – the goal is to have 30 wells on the structure; 12 of which will be drilled to 17,000 feet and 18 drilled to 12,000 feet.

The company’s third project is in the Williston Basin in North Dakota where there are currently 208 active drilling rigs operating. The structure is a massive hydrocarbon “super basin” classified by the U.S. Geologic Survey as one of the world’s largest oil and gas prospects. The company believes that the Lodgepole Limestone Reef Play on this basin represents a superior exploration and drilling opportunity. The average Lodgepole Well production is more than 11.2 million barrels, easily exceeding the cumulative production of the Bakken Shale Well, also on the Williston Basin, which averages 92,479 barrels. Start Scientific believes Lodgepole Well represents a unique and significant oil and gas exploration opportunity extending into wide-ranging regions of the Williston Basin that is currently not being pursued by other companies.

Start Scientific is currently negotiating with a joint-venture partner regarding two oil and gas leases located in Clay County, West Virginia, in an area with a long history of development in shallower formations: the Squaw and Big Injun reservoirs. In addition, the recent vertical wells drilled through the Squaw and Big Injun reservoirs provide the company valuable insights to further development. E-logs on these wells provide critical depth control and the opportunity to examine the reservoir parameters. The company has evaluated the e-logs on these wells and identified sufficient reservoir thickness to justify shallow horizontal drilling. Start Scientific’s goal is to drill 18 wells on these properties over the course of a three-year period.

As Start Scientific continues to explore opportunities within its current portfolio, the company is advancing on its plans to utilize its unique management contacts to acquire additional oil and gas assets throughout the world, as well as expand its exploration and development of existing properties.

For more information, visit www.startscientificoil.com

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Start Scientific (STSC) Staying the Course – Executing as Planned Farmout Agreement Strategies

March 24, 2015

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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Start Scientific, Inc.’s (STSC) Oil Extraction, Drilling, Excavation & Delivery Plan in Action

March 16, 2015

Start Scientific is a development-stage oil and gas development, exploration, drilling and extraction company strategizing to take advantage of oil and gas exploration and development opportunities that are often overlooked by larger oil and gas companies.

The company is currently establishing leases and joint venture partnerships for its project portfolio comprised of shallow, deep, and horizontal drilling opportunities in Mississippi, Texas, North Dakota and West Virginia. The geographic diversity of the projects provide Start Scientific a broader scape of exploration and drilling opportunities.

Start Scientific’s initiatives are backed by a management team that contributes more than half a century of combined industry experience to the company’s mission to explore low-risk land lease opportunities on properties with known oil deposits, develop facilities on these properties to cost effectively extract the oil, and to distribute the refined oil for sale in the open market.

In January Start Scientific advanced on this mission by signing two farmout agreements in Jackson, Mississippi.

Per the first agreement, with BPS Operating Services LLC, Start Scientific has until April 1, 2015, to tender $500,000 for the first well to be drilled in the Flora Field of Madison County. The production interest includes 40 acres around the new well and Start Scientific will earn a 75% working interest before payout, and a 60% working interest after payout. All of the production facilities, salt water disposal systems, and 33 well bores are in place.

The second farmout agreement, signed with Durban Energy, Inc., gives Start Scientific until July 10, 2015, to commence drilling a new well on the farmout acreage, the Fayette Field. The company will receive 100% of the net revenue until payout of all costs, at which time Start Scientific will assign a 25% working interest to Durban and partners. There is a 30% royalty burden on the leases, which means that before payout Start Scientific will have 70% of net revenue and after payout the company will have 52.5% of net revenue and Durban will have 17.5% of net revenue.

Operating from its headquarters in San Antonio, Texas, Start Scientific leverages an experienced management team and growing project portfolio to advance its corporate initiatives.

For more information, visit www.startscientificoil.com

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Start Scientific, Inc.’s (STSC) Agreement Structure with Durban Energy Creates Enthusiasm at Fayette Field

March 9, 2015

Start Scientific bolted out of the 2015 starting gate by signing a Farmout Agreement with Jackson Mississippi’s Durban Energy, Inc. in mid-January. While STSC has until July 10, 2015 to begin drilling operations, the company will receive 100% of the net revenue until payout of all costs, at which time the company will assign a 25% working interest to Durban and its partners. The 30% royalty burden on the agreement leases means that before payout the company will have 70% of net revenue and after payout the company will have 52.5% of net revenue. Subsequent to these payouts, Durban will have 17.5% of net revenue. Each well’s payout calculation will be treated separately.

When Humble Oil Company made its discovery in the summer of 1945 with the completion of the No. 1 M. R. Smith, the region’s area of influence became Fayette Field located in Jefferson County, Mississippi, northwest of the town of Fayette and 21 miles northeast of Natchez. Completed in the Lower Tuscaloosa Massive sand, this well tested 229 BOPD of 40-degree gravity oil with 2,000 pounds of flowing tubing pressure. The well produced a total of 630,288 BO and 2.3 BCF of gas. The Massive sand is fine grained, ashy and micaceous. Permeability in this sand is as much as 460 millidarcies and porosity averages 28%. The Fayette structure is a simple anticline and covers about 2,500 acres.

Commenting from a foundation of over 50 years of experience in oil and gas exploration, company Chief Executive Officer, Mr. Norris Harris commented, “The Fayette Field is one of several projects in Mississippi which we can acquire with low front-end costs because of our relationships there. With lower oil prices we must find opportunities to attract financial partners who are escaping low-return shale drilling programs which are not economical at less than $60 oil.”

For more information on the company, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Leveraging the Massive Oil Production Potential of the Williston Basin

March 2, 2015

Classified a ‘super basin’ by the United States Geologic Survey, the Williston Basin, which covers an extensive land region stretching from South Dakota to Saskatchewan, Canada, is one of the world’s largest oil and gas prospects. Start Scientific, Inc. (OTCQB: STSC), through its project in the Lodgepole Limestone Reef Play in North Dakota, has positioned itself to capitalize on what experts are referring to as a ‘gold rush mentality’ among big oil companies and independent drillers in the region.

Start Scientific chose the Lodgepole drilling site because its wells are naturally fractured and do not require the expensive, complicated treatments of more popular drilling locations in the region. The company estimates that this will allow its primary drilling locations to yield substantial quantities of oil and gas at a lower production cost than any of the Bakken formations.

In the past, vertical Lodgepole wells have been completed for approximately $3.5 million, compared to the $12 million cost of horizontally drilled Bakken Wells, despite the fact that cumulative production of Lodgepole wells far exceeded those in other regions throughout the Williston Basin.

Start Scientific, along with its joint venture partners, has been working with a geo-technical company to locate and identify ideal well sites at the company’s Lodgepole location. Using a proven and reliable method, the company has located multiple fractures to aid future drilling processes.

According to reports from the United States Energy Information Administration, crude oil production in North Dakota has been on a steady increase since 2005. In December 2014, approximately 1.2 million barrels per day were produced in the state, and the report predicts continued growth into the future.

Through its location in the Williston Basin, as well as multiple projects and farm out agreements throughout the country, Start Scientific could be at the cusp of major growth. With proven methods to properly locate, drill and complete wells at the Lodgepole Reef, the company is extremely optimistic about the coming months.

For more information on the company, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Strategically Focused Through Farmout Agreements and Four Primary Projects

February 25, 2015

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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Start Scientific, Inc. (STSC) Seeking to Revitalize Drilling, Production Across Four U.S. States

February 18, 2015

With the evolution of technology in the oil and gas production industry, many wells which had been previously used and abandoned – or had at least gone dormant – are seeing a renaissance and revitalization in some parts of the country that had not been seen in decades. While North Dakota is seeing a meteoric growth due to new wells and plays that were not feasible 20 and 30 years ago, there are plays in Texas, Mississippi and West Virginia that are being revitalized thanks to fracking and deep-level and horizontal drilling capabilities.

While there is a lot of question about the economic feasibility of this new type of drilling in the current climate of lower oil prices, companies that are working on very tight margins will likely bypass small plays due to the relative lack of production left in those wells and the cost of establishing a well. But Start Scientific, Inc. (OTCQB: STSC) is one of those companies that looks for these smaller opportunities and seeks to develop a large volume of these plays in hopes of generating a reasonable production number that would offset costs and add oil to domestic supplies, furthering the goal of eliminating dependence on foreign oil.

Start Scientific, Inc. has been aggressively pursuing farmout opportunities and land leases, especially in a couple of plays in Texas where hundreds of wells that were productive at one time decades ago have since gone dormant. Start Scientific, Inc. has been looking for opportunities to revitalize many of these wells with modern technology – some of which were actually very shallow before but have potential to produce oil from levels that exceed 8,000 and 10,000 feet into the earth – areas that can be reached now, and areas where some significant reserves have been noted.

With the recent farmout agreements and leases achieved in Texas and Mississippi (which were mentioned in prior posts), Start Scientific is in position to make itself a player in the revitalized oil and gas excavation and production realm on U.S. soil.

For more information, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Activity On Par with Long-Term Oil & Gas Objectives

February 9, 2015

Start Scientific specializes in the exploration, drilling, extraction and delivery of sweet crude oil, taking specific interest in shallow, deep and horizontal opportunities overlooked by mid-sized oil and gas companies. The company is currently focused on developing leases and establishing joint-venture partnerships for its four primary projects in Mississippi, Texas, North Dakota and West Virginia. Start Scientific pounced on two farmout opportunities at the first of the year, starting 2015 with strengthened activity in Mississippi.

Per a farmout agreement signed in early January with BPS Operating Services, Start Scientific plans to re-enter and complete 33 old wells, as well as drill horizontal holes on the top of the structure and testing two zones at the Flora Field north of Jackson, Mississippi. Discovered in 1943, the field has produced more than 7.6 million barrels of oil. Five wells are currently producing roughly 30 barrels of oil per day.

Start Scientific has until April 1, 2015, to tender $500,000 for the first well to be drilled in the Flora Field. The production interest encompasses 40 acres around the new well, for which Start Scientific will earn a 75% working interest before payout and a 60% working interest after. The company may drill additional wells for $400,000 per well within 60 days of completing each previously drilled well.

In late-January Start Scientific signed a farmout agreement with Durban Energy, Inc., located in Jackson, Mississippi. The deal gives Start Scientific until July 10, 2015, to start drilling a new well on the farmout acreage in Fayette Field. The field was discovered in 1945 with the completion of the No. 1 M.R. Smith well, which produced 630,288 barrels of oil and 2.3 billion cubic feet of gas.

Under this agreement, Start Scientific is set to receive 100% of the net revenue until payout of all costs, at which time the company will assign a 25% working interest to Durban and partners. Accounting for a 30% royalty burden on the leases, Start Scientific will have 70% of net revenue. After payout, the company will have 52.5% of net revenue and Durban will have 17.5% of net revenue.

The Fayette and Flora farmouts are part of the company’s long-term focus to grow and develop its leasehold portfolio with new interests as well as older wells that, through the application of newer technologies, may increase production and reserves.

For more information, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Strategy for Revenue Success in Oil & Gas Focused on Projects with Optimal Development, Operational Costs

February 2, 2015

Start Scientific is a development stage oil and gas E&P with a portfolio of projects across Mississippi, North Dakota, Texas and West Virginia, which is helmed by founder and CEO, Norris R. Harris, an industry veteran with over five decades of experience exploring, founding, operating and restructuring oil and gas companies. Current focus for STSC is on expanding their leasehold footprint in opportunities that can attract financial partners, JV potential and long-term investment from sector players who are looking to escape low-return drilling programs with higher all-in sustaining production costs amid sub $60/bbl prices.

With WTI intermediate for March delivery dropping below $47/bbl (Brent was just over $48/bbl) in late January 2015, as the European Central Bank announces they are expanding their asset purchase program even further (now buying government bonds for the first time), boosting an already strong U.S. dollar, the EIA’s much-anticipated report on crude supply indicates stockpiles have risen slightly to just under 400 million barrels. Recently, the IMF report on global growth further reinforced the oil price trend lines with an 0.3% forecast cut to 3.5%, as China is reporting a 24-year growth rate low of 7.4% and has subsequently projected a GDP growth target of 7% for 2015. Iraq also announced record production figures, even as the Iranian oil minister argued their production sector could withstand $25/bbl.

At the same time, word out of the World Economic Forum in Davos from OPEC Secretary-General, Abdalla El-Badri, indicating that oil prices will likely see a reversal soon to the downward trend begun in June of 2014, couples well with the latest EIA guidance on U.S. gasoline demand rising through 2015, with projections of a 60k bbls/day uptick to 9 million bbls/day (after having projected a modest decrease to 8.8M bbls/day back in December). El-Badri argued that the oil price would not fall to the sub $30/bbl range amid the current surplus, noting an underlying necessity among producers to compensate for falling revenues with more production leading to greased skids in other areas of the markets governed by energy costs, and the fact that the sector has seen this all before, including the sharp drop in price followed by a gradual rebound.

Consumption attitudes may be working their way into the system already given the EIA forecast for gasoline consumption and the Bank of Canada’s move to cut their overnight loan rate, which influences car loans and other lending rates, by a quarter point to 0.75%, surprised many analysts. Given that Canada is the biggest exporter of oil to the U.S. though, this move to reinforce oil prices should really come as no surprise, despite Canada’s central bank being the first of the Group of Seven to take this action in response to falling oil prices. Refinery capacity is already up markedly this year in the U.S., with the EIA indicating a 1% growth over last year’s figures for the same interval, to 91% of capacity for the week ending January 9, with refineries churning out some 9.1 million bbls/day.

This oil price slump is a prime opportunity for investors to load up on companies that have the right mindset and approach to development, making the recent announcement by Start Scientific about expansion of their footprint in Jefferson County, Mississippi’s Fayette Field via a farmout agreement with Durban Energy, of particular interest. This latest announcement by the company is further evidence of the tight-knight relationships established by STSC’s management with key industry entities and the extensive base of contacts the company has access to throughout the oil and gas industry, being one of many projects in Mississippi STSC has the opportunity to acquire with low front-end costs. A post-payout 52.5% net revenue for Start Scientific on this project is a good deal and the company intends to drill a new well on the farmout acreage targeting the Lower Tuscaloosa Massive Sand in the 2.5k-acre Fayette structure. Originally discovered back in the 40’s and pioneered with a 2k pound flowing pressure, 229 BOPD well that eventually did over 630k bbls and 2.3 BCF, there is considerable potential here for STSC to generate revenues and the company will be able to treat each well separately for payout calculation.

Superb permeability (up to 460 millidarcies) and an average porosity of 28% translates into solid development economics and should remind investors of the company’s focus on the Chalk section of the Selma Gas Rock Formation (Anderson Sand) at the Flora Field over in Madison County, Mississippi. The company announced in early January that they signed a farmout agreement with BPS Operating Services for a post-payout 60% working interest in key Flora Field acreage with multiple, highly economical drilling opportunities. With some 33 old wells that could be re-entered and recompleted, and all the logistical accoutrements like production facilities and salt water disposal systems already in place, the Flora Field is another example of the kind of choice permeability target geology and premium operational cost metrics STSC is working on in Mississippi.

The company has also recently announced an option to purchase some 1.5k acres in Matagorda County, Texas where they intend to offset previous successful production (Harold Hunt 1well, 1984, 700k BOE total) at round 12k feet down to secure the lease from the city of Palacios (the Airport Lease), after which they intend to go after the over-pressured Frio Sand down around 16k feet, where modern drilling techniques can unlock potentially major gas and condensate returns. Applying modern recovery techniques to proven targets and developing optimal cost projects in already high-permeability targets, are the kinds of strategic objectives required to survive and thrive these days. Investors will want to take a closer look at Start Scientific’s growth strategy and rapidly developing project portfolio to get a clearer sense of where this development stage E&P is heading.

To learn more about Start Scientific, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Finalizes Terms of Farmout Agreement with Durban Energy, Inc.

January 22, 2015

Start Scientific announced that it has entered into a Farmout Agreement with Durban Energy, Inc., Jackson, Mississippi. STSC has until July 10, 2015 to begin drilling a new well on the acreage defined in the agreement. Start Scientific receives 100% of the net revenue until payout of all costs, at which time the company will turn over a 25% working interest to Durban and its partners. As of today there is a 30% royalty burden on the leases, which means that before payout the company will have 70% of net revenue and after payout the company will have 52.5% of net revenue. Durban will have 17.5% of net revenue. Remaining calculations on the respective wells will be addressed separately.

The Fayette Field is situated six miles northwest of the town of Fayette and 21 miles northeast of the city of Natchez in Jefferson County, Mississippi. Originally, Humble Oil Company discovered the field in the summer of 1945 with the completion of the No. 1 M. R. Smith. This well was completed in the Lower Tuscaloosa Massive sand, and tested 229 BOPD of 40-degree gravity oil with 2,000 pounds of flowing tubing pressure. The well produced a total of 630,288 BO and 2.3 BCF of gas. The Massive sand is fine grained, ashy and micaceous. Permeability in this sand is suspected to reach 460 millidarcies and porosity averages 28%. The Fayette structure is a simple anticline and covers about 2,500 acres.

Norris R. Harris, Chief Executive Officer commented, “The Fayette Field is one of several projects in Mississippi which we can acquire with low front-end costs because of our relationships there. With lower oil prices we must find opportunities to attract financial partners who are escaping low-return shale drilling programs which are not economical at less than $60 oil.”

Start Scientific is a development-stage oil and gas development, exploration, drilling, and extraction company. The company’s long-term business model points to growing and developing existing oil and gas leasehold interests and acquiring new interests within and outside the continental United States. Additionally, STSC 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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Start Scientific, Inc. (STSC) Purchases Option to Acquire 1,500 Acres of Leases in Southeast Texas

January 15, 2015

Start Scientific announces today that it has acquired an option to purchase 1,500 acres of leases northwest of the town of Palacios, Matagorda County, Texas. Collectively known as the Airport Lease, the acres of leases require tendering of $150,000 to the city of Palacios by February 5, 2015. The company is required to pay gross revenue royalties of 18.75% to the city of Palacios and 1.25% royalty to XXI Oil & Gas, LLC upon production in accordance with the lease. After making the payment, the company will have three years to get the Airport Lease into production.

The Airport Lease covers part of the Palacios Field which was discovered by Glen McCarthy in 1937. Numerous shallow wells have been drilled in this structure including 80 wells in the early 1940’s. This field is located on a complicated fault system which creates traps of hydrocarbons near the surface to 30000 feet or deeper. In 1984 Hunt Oil drilled Harold Hunt #1 well immediately west of the airport lease and found multiple pay zones from 4000 feet to 16000 feet. At 16000 feet they encountered deep over-pressured Frio Sand. The deepest sand was 165 feet thick contained gas and condensate. In an attempt to complete this sand the casing collapsed. Hunt was never able to complete the Frio zones because they were not prepared for bottom hole pressures of 16000 pounds. They came up the hole and completed the well at shallower levels, where they have produced 700,000 barrels of oil equivalent to date. We intend to drill a well offset to the Hunt well on the western part of the airport lease and complete the zones where Hunt has been producing. After we have established production to hold the lease, we plan to drill a 16000 foot well and complete the Frio sands. We know from experience that over-pressured sand can contain major gas and condensate products.

“Start Scientific intends to drill and test a well offsetting the Harold Hunt 1 which was drilled in 1984 and has produced 700,000 barrels of oil equivalent from zones above 12,000 feet at first to gain production,” stated Chief Executive Officer Norris R. Harris. “Deeper zones which are lost in the well need to be tested after production is established toretain the Airport Lease. The Hunt Well logged oil and gas below 16,000 feet where extremely high pressures indicate potential gas and condensate. We believe the strongest performance will come from these deeper zones now with modern drilling technology.”

For more information on Start Scientific, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Offers Unique Mix of Diversity and Operational Flexibility

January 13, 2015

Start Scientific, a Texas-based oil and gas development, exploration, drilling, and extraction company, offers uncommon diversity for a development stage company, something the company sees as important protection for investors. The company’s primary projects are in Mississippi, Texas, North Dakota, and West Virginia, an appreciable geographical spread. In addition, projects include shallow, deep, and horizontal drilling opportunities.

The company’s long-term focus is to grow existing oil and gas leasehold interests, and acquire new interests within the U.S., a stable and positive economic and political environment. And they also intend to acquire interests in older wells that offer the opportunity for increased production through the application of technology. Together with the extensive industry experience and contacts of its management team, Start Scientific considers itself well-positioned to explore low-risk properties with known oil deposits, develop production capabilities to cost effectively extract the oil, and to distribute the refined oil for sale in the open market.

Most recently, the company entered into a Farmout Agreement with BPS Operating Services in Jackson, Mississippi, through which Start Scientific plans, among other things, to re-enter and complete 33 old wells at the Flora Field in Madison County of Mississippi. The Flora Field is especially attractive at a time of lower oil prices since it is expected to allow exploration, drilling, and extraction at reasonable operational costs.

Besides Flora Field in Mississippi, Start Scientific has projects in Texas (Palacios Texas Field), North Dakota (Williston Basin), and West Virginia (Clay County), all with significant hydrocarbon prospects. It’s this carefully selected diversity, together with the management experience that allows them to approach oil and gas opportunities in a number of ways, that helps differentiate Start Scientific from so many other development stage oil companies.

For more information, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Inks Deal for Flora Field, Madison County, Mississippi

January 6, 2015

Start Scientific announced that it has entered into a Farmout Agreement with BPS Operating Services LLC, Jackson, Mississippi. STSC has until April 1, 2015 to tender $500,000 for the first well to be drilled. Production interest includes 40 acres near the new well and the company will earn a 75% working interest before payout, and a 60% working interest post payout. All production facilities, salt water disposal systems, and 33 well bores are currently in place. STSC can drill additional wells for $400,000 each well within 60 days of completion of each drill project. Farmout Agreement copies will be available online via the STSC’s public filings at www.sec.gov on Form 8-K.

The Flora Field in Mississippi’s Madison County was discovered in 1943 and has since then produced more than 7.6 million barrels of oil from the Selma Rock Gas Formation in the Anderson Sand. Known for its very high permeability, the Anderson Sand has porosity ranging from 20% to 26%. Earlier wells drilled by Jordan Exploration, Inc. in 1997 indicate that there is still oil to be recovered in the Anderson Sand including major potential in the Chalk formation.

Chief Executive Officer, Norris R. Harris commented, “We believe the Flora Field is an economical drilling site with the possibility of good revenue for the Company. In this environment of lower oil prices, we must drill, explore, and extract oil at the right operational costs. We anticipate that the Flora Field and partnering with BPS Operating Services will provide this opportunity for us. Our plan is to re-enter and complete the 33 old wells, as well as drill horizontal holes on the top of the structure and testing two zones. We expect the results may justify redeveloping the field with horizontal wells.”

Start Scientific, Inc. 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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Start Scientific, Inc. (STSC) Leverages Key Factors to Pursue Overarching Business Strategy

September 16, 2014

Operating from headquarters in San Antonio, Texas, Start Scientific is in continual and aggressive pursuit of its corporate objective to take advantage of oil and gas exploration and development opportunities that are overlooked by mid-sized oil and gas companies.

Start Scientific’s current portfolio includes concessions and leases in Romania, where the company owns concessions and leases covering approximately 120,000 acres; and in Mississippi, where 20 potential locations equate to total estimated recovery of between 4 million – 5 million barrels of oil.

As a progressive oil exploration, drilling, extraction and delivery company, Start Scientific relies on the vast knowledge of its management team, which provides more than 65 years of combined industry experience. Leveraging strong industry contacts established by company founder Norris R. Harris, Start Scientific also explores partnership and joint-venture opportunities to further accelerate its growth.

Supported by a management team highly experienced in the workings of natural resources and business development, Start Scientific is well-positioned to achieve its mission to explore low-risk land lease opportunities on properties with known oil deposits, develop facilities on these properties to cost effectively extract the oil, and to distribute the refined oil for sale in the open market.

For more information visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) Delivering at Mississippi and Romania Oil Fields

May 8, 2014

Oil exploration, drilling, extraction, and delivery company, Start Scientific specializes in sweet crude oil while focusing on oil and gas opportunities in international markets. Currently, the company has a several significant tangible and intangible assets. The company is headquartered in San Antonio, Texas.

With property holdings in Mississippi and Romania, Start Scientific’s staff, affiliates, and venture partners are working in concert to execute on company goals and strategies. The company’s management team leverages over six decades of combined experience in the drilling, extraction, delivery, and management of natural resources. STSC’s staff has the technical and logistical skills to be competitive and provide product and service excellence to its customer base.

By way of leases and concessions over approximately 120,000 acres in Romania, Start Scientific oversees six oil and gas fields. They are Bordei Verde Vest, Nadlac Fields, Catrunesti Field, Cozieni Field, and East Ciumeghiu Field. The company plans to drill three new wells within this group. Further, the company will partner with Amromco on two new wells that that company is drilling in the Bordei Verde Vest, and Nadlac Fields. Additionally, 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) in Mississippi. Six months following, the company discovered the Pickens Field located 35 miles north of Jackson, Mississippi, in the counties of Madison and Yazoo.

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. Presently, 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 www.startscientificoil.com

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

May 1, 2014

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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Start Scientific, Inc. (STSC) Well-Positioned to Exploit Emerging European Gas Dynamics with Extensive, Underdeveloped Romanian Reserves

April 24, 2014

Start Scientific has assembled a deep bench of managerial talent to spearhead their sweet crude-focused international oil and gas exploration agenda, and ever since the May 2012 acquisition of Romanian developer Carpathian Energy – Companie Petroliera SRL, the company has been hard at work exploiting the development potential of the roughly 120k acre concession/lease portfolio of interests they picked up in the deal, consisting of prime Romanian oil and gas land spanning six existing fields.

The strategic importance of Romania (which joined the EU in 2007) should be abundantly clear to anyone following the heightened tensions with the Russian Federation over Ukraine and the obvious energy implications that this situation has for the EU. All of the fields in the company’s Romanian package exhibit characteristics that are well in-line with STSC’s operational strategy to grow and advance existing leasehold assets, applying the latest drilling technologies to untapped potential. Each field has significant undeveloped reserves and thus STSC is basically sitting on an extremely attractive, target-rich portfolio of geostrategically optimal acreage, amid a perfect storm of energy price fundamental/macro drivers.

Plans are to sink at least one well each (roughly $750k to $800k per well estimated) into three of the fields at Cozieni (600 acres, 80% WI, 64% NRI), East Ciumeghiu (800 acres, 80% WI, 64% NRI), and also the Calinesti field (11.4k acres, 100% WI, 80% NRI), which is part of the South Bucharest Block I-II concession, more commonly referred to as the Alexandria Block. While preliminary field evaluation has already been performed across all six fields via a joint American/Romanian engineering/geology team, more rigorous evaluation has subsequently been completed on the Alexandria Block in particular. That same rigorous analysis has also been done at Cozieni and on two of the other fields in the portfolio, Bordei Verde Vest (2.5k acres, 26.25% WI, 21% NRI, average estimated well cost of $1.4M) and Nadlac (800 acres, 26.25% WI, 21% NRI, average estimated well cost of $3M), where STSC will be participating in two new wells (one per site) alongside operator Amromco Energy, the biggest and oldest oil and gas development company in Romania. The sixth field, the Catrunesti (100 acres, 80% WI, 64% NRI), holds an existing well which is to be recompleted for a cost of around $375k. A complete repair/overhaul of the 18.6-mile pipeline on the Alexandria Block is also slated for completion at an estimated cost of around $1.5M to $2M.

Proven reserves look excellent across each of the targets, with the Calinesti-containing Alexandria Block alone representing an enormous amount of gas at 19B cubic feet, in relatively low production depths of around 2.4k feet (average net pay interval of around 25 feet). Cozieni holds some 3.5 BCF at even shallower depths of only 2k feet (25-foot avg. net pay), while the East Ciumeghiu holds another 1 BCF of proven reserves at depths of 4.5k feet (15 to 20 foot avg. net pay). Bordei Verde Vest holds some 1.2M BOE with depth and average net pay characteristics similar to the East Ciumeghiu, while the relatively small Nadlac holds around 7 BCF of gas, with 1.68M bbls of oil besides at depths of around 10k feet (considerably large 200-foot net pay averages though). Catrunesti contains another 50k bbls or so, at depths of around 5k feet (20-foot avg. net pay) and collectively among all the fields within STSC’s purview, we have clearly underdeveloped and largely undepleted targets that were never really utilized during the Ceausescu period, or since for that matter. Given extant recoverable oil reserve discoveries of some 6.7B bbls in Romania as a whole (5.8B bbls of which has been produced), estimates are that some 1B bbls remain at the very least. With an associated 12 Tcf of gas at least remaining, Romania is increasingly appearing to be a geostrategically de-risked alternative to Ukraine or elsewhere as a potential feed source for European gas markets. This is huge for STSC as gas prices and demand are set to continue to rise across the region. Carving off even a thin slice of the Gazprom pie in Europe spells big wins here for STSC shareholders.

The best part about the extensive Romanian position for STSC is that they have a nice, comfortable backdrop position in the roughly 1.56k-acre Pickens field in Mississippi as well. Pickens sits just 27 miles away from the very first oil field ever discovered in the state, the Tinsley field, which was first developed back in the 1930’s and, like the vast majority of fields in the state, produces from multiple reservoirs. The company owns a 25% WI in the Pickens (37.5% NRI), with the option to purchase an additional 25%. At similar well development prices as the company’s cheaper Romanian wells (around $800k) and with depths of roughly 4.3k feet yielding 50-foot average net pay intervals, the proven 600k bbls of reserves available at Pickens makes a nice secondary overall focus for STSC. With two other producing fields (Bentonia and Flora) only 21 miles away from Pickens, confidence is high that the geology here will prove exceptional from a production standpoint, offering up high-grade crude across an apparent Smackover structure, with concomitant exposure to Cretaceous reservoirs like the Eutaw Sandstone. Pickens is essentially a fault line trap that runs for roughly ten miles to the southeast, terminating in Alabama’s Gilbertown Field. The Pickens has produced over 20.4M bbls from the Eutaw Wilburn since initial drilling back in the early 1900’s, with another 2M bbls also having been produced thus far from the Selma Chalk, as well as another roughly 100k bbls of production from the Tuscaloosa and deeper (similar Pickens-style trapping mechanisms evident for both the Selma Chalk and Tuscaloosa reservoirs).

Needless to say, this up-and-coming oil and gas company has their work cut out for them, with enviable underdeveloped acreage in a geostrategic hotspot, as well as a sizeable, low-risk field just outside Jackson Mississippi to sink their teeth into. Investors will want to keep an eye on STSC for updated news and information in coming months as their operations develop further.

Learn more about Start Scientific by visiting www.startscientificoil.com

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

April 21, 2014

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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Start Scientific, Inc. (STSC) Focuses on Expanding Oil & Gas Portfolio under Leadership of Seasoned Chief Executive

April 10, 2014

Start Scientific is an oil extraction company focused on identifying and acquiring low-risk, low-cost land lease opportunities on properties with known oil deposits. The company intends to develop facilities on these properties to cost effectively extract the oil and then distribute the refined oil for sale onto the open market.

With leases or contracts to acquire leases already in place in Texas, Mississippi, and Romania, Start Scientific is working to expand its portfolio and is currently negotiating several additional projects in North Dakota and New Mexico.

The initial objective is to take advantage of low-risk, producing, exploration and development oil and gas opportunities that are too small for the mid-sized oil and gas companies. Undertaking this mission takes considerable knowledge of the oil and gas industry, and a keen eye for discerning between a wise and high-risk opportunity.

Company initiatives are spearheaded by Chief Executive Officer (CEO) Norris R. Harris, who has more than 50 years of experience in the oil and gas industry, founding and restructuring of oil and gas companies, and in oil and gas drilling and operations. His background provides Start Scientific with an extensive base of contacts in the oil and gas industry, as well as insight into various aspects of the business.

For more information, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) – Exploring and Developing Oil and Gas Assets

April 3, 2014

Start Scientific specializes in exploring, drilling, extracting, and delivering crude oil and has a solid business strategy and vision for creating shareholder value. With assets including several holdings in the United States (Mississippi) and Romania and its focused management, industry expertise, and people, Start Scientific means to meet its company goals:

• expand its exploration and development of existing properties;
• use its unique management contacts to acquire additional oil and gas assets throughout the world;
• help meet the global demand for energy and resources.

Start Scientific’s personnel, along with its affiliates and joint venture partners, will be essential to the achievement of these goals. With over 65 years of combined experience operating natural resource companies, the company’s managers and staff have the logistical and technical skills needed to manage the business effectively, stay competitive, and keep the company on track so it becomes a vital part of the oil industry. Not only are its people at the heart of the company’s product and service excellence, they are critical to its ultimate success.

The company’s existing holdings will also contribute greatly to the advancement of its goals. In the United States, for example, the company owns a significant interest in the Pickens Field located 35 miles north of Jackson, Mississippi, in Madison and Yazoo Counties. The company estimates that as many as twenty locations are possible on the field, and total recovery could be 200,000 barrels of oil per well. Depending on the western extent of the field, an estimated 4,000,000 to 5,000,000 barrels of oil may be recoverable.

In Romania, Start Scientific holds concessions and leases covering about 120,000 acres which consist of six existing oil and gas fields: Bordei Verde Vest, Nadlac Fields, Catrunesti Field, Cozieni, East Ciumeghiu, and Alexandria Block. Each of the fields has substantial undrained and undeveloped oil and gas reserves. The company is planning to drill one new well in three of the fields and to participate in two new wells in the two fields operated by Amromco (Bordei Verde Vest and Nadlac Fields). Plus, one existing well will be recompleted in the Catrunesti Field, and work will begin on either repairing or replacing the current pipeline in the Alexandria Block.

For more information, visit www.startscientificoil.com

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Start Scientific, Inc. (STSC) is “One to Watch”

March 28, 2014

Start Scientific is an oil extraction company backed by highly experienced leadership with strong industry knowledge to identify and acquire low-risk land lease opportunities on properties with known oil deposits, develop facilities on these properties to cost effectively extract the oil, and then distribute the refined oil for sale onto the open market.

With leases or contracts to acquire leases in Texas, Mississippi and Romania already in place, the company is also negotiating several projects in North Dakota and New Mexico. The initial objective is to take advantage of low-risk producing, exploration and development oil and gas opportunities that are too small for the mid-sized oil and gas companies.

Founder Norris R. Harris contributes broad experience in oilfield property acquisitions and enhanced field production management, and has established an extensive base of contacts in the oil and gas industry to provide invaluable expertise for Start Scientific to evaluate and exploit its existing oil and gas properties and to seek other opportunities in the oil and gas industry.

Start Scientific’s management and staff collectively retain more than 65 years of experience in drilling, extraction, delivery and management of natural resource companies. In addition to leveraging the expertise of its highly qualified staff, the company seeks out partnerships and joint ventures to accelerate growth and become an increasingly vital part of the ever expanding oil industry.

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