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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 (34266)	8/8/2004 6:24:27 PM
From: sammaster	Read Replies (1) \| Respond to of 206325

stock symbol NGAS NGAS resources apparently does a lot of partnering for its natural gas wells. take a look at their 10-k as how they structure the deals with private "high net worth" individuals....apparently they do it partly for tax write-offs... let me know what you think...

To: Ed Ajootian who wrote (34266)	8/9/2004 1:18:19 AM
From: energyplay	Read Replies (2) \| Respond to of 206325

In 2000 I tried rolling my short term profits into direct oil & gas investments. Did not work out well - delays in drilling cause me to miss windows of high NG prices, I bought the wrong deals, etc. Part of the problem is you are buying high on the cycle - high prices for drilling, higher promotes, etc. ROYL was buying a farm out from BEXP and marking it up, you might be able to go directly to BEXP. Also, check you state AMT tax - California has cute provision limiting OIL & GAS deductability to % of O&G profits.