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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Ed Ajootian who wrote (19612)3/4/2003 10:02:29 AM
From: jim_p  Respond to of 206092
 
Ed,

I only used cash on cash and the present value of the remaining reserves.

Most investors invest in oil and gas for tax reasons and that was the reason I started doing it.

Depletion is a great benefit. I have a number of stripper wells in West Texas where the depletion is equal to or greater than the profit and I never pay taxes on the income from those wells.