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