Amalgamated Explorations (AXPL) thread 2 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Amalgamated Explorations (AXPL) thread 2

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: S. Thomas who wrote (119)	5/22/1997 11:54:00 AM
From: S. Thomas	of 269

[Wyoming properties] The following is from the company's published info. ******** Amalgamated's Wyoming Properties The Company has structured its underlying operations to maximize participation by financial and industry partners alike. Operations in the Cave Gulch and Boone Dome Fields are conducted through limited liability companies which allow actual participation by way of membership units which provide for a pro-rata share in working interest proceeds from the production and sale of oil and gas. Limited liability companies are tax-advantaged in that the active income received is taxed as though a partnership at the tax bracket of the particular member (no double taxation), losses can be deducted against other active income, and yet, a member's liability is limited to that of their actual contribution. ************ The question again, would be, does AXPL have 100% interest in its Wyoming and Nevada leases?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next