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Re: iambadbert post# 38019

Tuesday, 11/18/2014 5:49:40 PM

Tuesday, November 18, 2014 5:49:40 PM

Post# of 96755
I have to disagree, iambadbert.

CYBk, the "new" CYbK, told investors exactly what the oil drillin' was about in the Sept 3rd PR:

EPA focuses in on a niche area of drilling that is very conservative focusing in on benefits from the tax deductions available for an oil and gas drilling investment including intangible drilling costs, depreciation, operating costs, and percentage depletion. Structured properly, partners may offset their taxable income gained from other sources with the substantial deductions available from investing in oil and gas wells.


It's a tax write-off.

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