QualityStocks would like to highlight
Start Scientific, Inc. (
OTCQB: STSC), 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.
In the company’s news:
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.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
