Replies to post #30499 on Golden Triangle Ventures Inc (GTVH)

[jbsliverer]

Just an added quote from the Texas Authority. Gouger's (BNPD) 90 day extension started the first of November 2011 (was in violation then also and had to be given a severance to renew for the extension) and will end the first part of Feb. 2012. Of course there is not too much oil he's pumping out of the stripper/marginal wells and doesn't have a whole lot to "sever/seal" anyway. But it might put a damper on the pinky stock selling including his permit at the MXXH stock that he just keeps "renewing" over the years and doesn't do diddly there either (oil drilling rig still with a flat tire I presume).

If you do not comply with the new requirements, the Commission will be unable to renew your Organization Report or issue any permits to your organization. Your P-5 will become “Delinquent” and the Commission will begin to sever/seal your leases and wells and will ultimately initiate collection on your financial security.

http://www.rrc.state.tx.us/compliance/hb2259/HB2259-Guidance.pdf