| DayStar Oil & Gas Corp. (DayStar),
located in Houston, Texas, was founded in 1996 to focus on the recovery
of hydrocarbon reserves through acquisitions and project development with
a major emphasis on mature and marginal field enhancement, developmental
exploitation drilling and low-risk exploration opportunities. Utilizing
advanced recovery technologies along with sound engineering and a committed
management team, DayStar has developed a proven growth strategy of identification,
acquisition, and development of hydrocarbon reserves.
Exploitation and Development of Existing Properties; DayStar has a substantial
inventory of development and exploitation projects with net reserves valued
at more than $100,000,000. The Company has identified many developmental-drilling
locations and workover opportunities on its properties to which proved
reserves have been attributed, substantially all of which are low-risk
field enhancement opportunities.
Utilizing advanced recovery technologies along with a committed management
team, DayStar has developed a proven growth strategy of identification,
acquisition, and development of domestic hydrocarbon reserves, thereby
reducing our dependence on foreign oil. Our key oil
and gas exploration strategies are:
- Focus on maximum development of existing oil and gas fields in core
areas
- Utilization of innovative, cost-effective technologies to enhance
production
- Use modern technologies such as 3-D seismic to reveal untapped reservoirs
- Offer quality, low-risk developmental prospects for oil and gas investor
participation
- Maintain a low-cost operations environment
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