Start Scientific, Inc. (OTC:STSC)
Corporate Communication:
Start Scientific, Inc.
6 Champion Trail
San Antonio, TX 78258
Phone: 801-816-2570
Fax: 801-816-2599
Email:corpinfo@startscientificoil.com
Transfer Agent:
Colonial Stock Transfer Company, Inc.
66 Exchange Place, Suite 100
Salt Lake City, UT 84111
Phone:801-355-5740
STSC Security Details
Share Structure
Market Value1 $27,291,250 a/o Dec 06, 2012
Shares Outstanding 109,165,000 a/o Oct 31, 2012
Float - 5,3000,000 - a/o Dec 06 2012 - TA confirmed
Start Scientific, Inc. is an oil exploration, drilling, extraction, and delivery company specializing in sweet crude oil. Our assets include holdings in Romania, and Mississippi. Our management and staff bring over 65 years of combined experience in drilling, extraction, delivery and management of natural resource companies. In addition to the expertise of our highly qualified staff, we excel in providing quality investor care. Our goal is to provide our investors with transparency and open communication to better enable them to understand our vision for Start Scientific.
Projects:
The Company currently owns concessions and leases covering approximately 120,000 acres in Romania, this acreage encompasses six existing oil and gas fields. All of the fields have significant undrained and undeveloped oil and gas reserves. The company plans to drill one new well in each of three fields in Romania, and participate in two new wells in the two fields operated by Amromco (Bordei Verde Vest and Nadlac Fields). In addition, one existing well will be recompleted in the Catrunesti Field, and work will commence on repairing or replacing the existing pipeline in the Alexandria Block.
Additionally, the Company holds a significant interest in the Pickens Field located 35 miles north of Jackson, Mississippi, in Madison and Yazoo Counties. We estimate that as many as twenty locations are possible, 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.
Directors
S. Arne D. Greaves - Chairman of the Board
Mr. Greaves, age 50, is the Chairman of the Board of Directors of the Company. Since 1983, he has been working in the oil and gas industry. In May 2001, Mr. Greaves co-founded Carpathian Energy Companie Petroliera S.R.L., a Romanian oil and gas production company, and has actively been involved the acquisition of concessions and development plans for reentries and development of new wells. Since November 2007, he has been the President of Livingston Operating Company, LLC, a family-owned oil and gas production company, based in Jackson, Mississippi.
George J. Edwards - Director
Mr. Edwards, age 64, is a member of the board of directors of the Company. He has focused the past 37 years of his career negotiating international and domestic mergers and acquisitions for oil and gas, chemical, and technology corporations based in Texas and Pennsylvania. From June 1999 until March 2011, Mr. Edwards was the Executive Vice President and Director for Osyka Corporation, an oil and gas exploration and production company. He has a Bachelor of Science degree in Accounting from LaSalle University, a Master of Business Administration with a focus on Finance and Accounting from Harvard University: Graduate School of Business Administration, and a Juris Doctor from the University of Pennsylvania School of Law. Mr. Edwards is a member of the Pennsylvania State Bar. He has served as a former director of the Association of International Petroleum Negotiators and Vice Chairman of the Board of Directors and head of the policy committee for the Corporate Council on Africa, Mr. Edwards is currently a board member of the University of Pennsylvania Law School Alumni Association, and member of the Executive Leadership Council.
Kenneth Denos - Director
In addition to his service as a non-executive director of the Company, Mr. Denos, age 44, is a director and the Secretary and Chief Compliance Officer for Equus Total Return, Inc. ('Equus'), a closed-end fund traded on the New York Stock Exchange. Mr. Denos is also the Chairman and CEO of the Acadia Group, Inc., an international corporate finance and investment firm. Mr. Denos' other directorships include London Pacific & Partners, Inc., (a Los Angeles-based advisory and investment firm which specializes in the healthcare, hospitality, and natural resources industries), Vican Resources, Inc. (an oil and gas exploration and development company) and Scorpex, Inc. (a provider of first toxic and hazardous waste storage, treatment, and disposal in Mexico). From August 2007 to June 2009, Mr. Denos was the President and CEO of Equus, and prior to that time, served as the EVP of Equus. From May 2006 to July 2009 Mr. Denos was the Chief Executive Officer of MCC Global NV (FSE: IFQ2) an international financial services and investment conglomerate based in London and traded on the Geregeltermarkt of the Frankfurt Stock Exchange. For the past 14 years, Mr. Denos has served as a director or principal for several small-cap public companies on the London AIM, Frankfurt Stock Exchange, New rk Stock Exchange, and the OTC Bulletin Board, and has worked closely with many public and private emerging growth companies throughout the world. In addition to a Bachelor of Science degree in Business Finance and Political Science, he holds a Master of Business Administration and a Juris Doctor from the University of Utah.
Scott Bouslog - Director
In addition to his service as a non-executive director of the Company, Mr. Bouslog, age 50, has approximately 29 years of experience managing teams of agents and selling a variety of insurance and investment products. From April 2008 until February 2010, he served as Vice President of Independent Sales for SunAmerica Financial Group (formally AIG SunAmerica). From September 2005 until February 2008, Mr. Bouslog served as the Regional Director (central region) for Jackson National Life Distributors, Inc. He has a Bachelor of Arts in Business Management from Luther College. Mr. Bouslog is a Registered Representative with active Series 6, 7, 24, and 63 licenses. He holds an insurance license from the state of Texas.
Ruben Flores - Director
Mr. Flores, age 36. Mr. Flores is a non-executive director of the Company. He specializes in corporate finance with commercial lenders, hedge funds, private equity groups, and other forms of structured finance. Mr. Flores is the founder and has been the President of Definitive Commercial Capital, a Texas-based strategic finance company, since July 2005. Prior to July 2005, he was involved in the real estate mortgage industry. During March 2008, Mr. Flores filed a chapter 13 bankruptcy, and on October 2009 he voluntarily dismissed the bankruptcy. He has a Bachelor of Business Administration from the University of Incarnate Word in San Antonio, Texas.
Officers
S. Arne D. Greaves - Chief Executive Officer
Mr. Greaves, age 50, is the Chief Executive Officer. Since 1983, he has been working in the oil and gas industry. In May 2001, Mr. Greaves co-founded Carpathian Energy Companie Petroliera S.R.L., a Romanian oil and gas production company, and has actively been involved the acquisition of concessions and development plans for reentries and development of new wells. Since November 2007, he has been the President of Livingston Operating Company, LLC, a family-owned oil and gas production company, based in Jackson, Mississippi.
George J. Edwards - Chief Financial Officer
Mr. Edwards, age 64, is the Chief Financial Officer of the Company. He has focused the past 37 years of his career negotiating international and domestic mergers and acquisitions for oil and gas, chemical, and technology corporations based in Texas and Pennsylvania. From June 1999 until March 2011, Mr. Edwards was the Executive Vice President and Director for Osyka Corporation, an oil and gas exploration and production company. He has a Bachelor of Science degree in Accounting from LaSalle University, a Master of Business Administration with a focus on Finance and Accounting from Harvard University: Graduate School of Business Administration, and a Juris Doctor from the University of Pennsylvania School of Law. Mr. Edwards is a member of the Pennsylvania State Bar. He has served as a former director of the Association of International Petroleum Negotiators and Vice Chairman of the Board of Directors and head of the policy committee for the Corporate Council on Africa, Mr. Edwards is currently a board member of the University of Pennsylvania Law School Alumni Association, and member of the Executive Leadership Council.
