Golden Triangle Ventures Inc (GTVH)

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jb, the problem with your statement is that you give too much credit to the posters like BB. BB made it clear that the $17,465 is the value of the lease. He did refer me back to the statements.

As per his request, I went back to the statement and the asset and accompanying liability is titled "defered work over costs"

Additionally, there is nothing in the financial statements that state that anything has been converted.

The value of the lease is not yet booked. This entry is purely the cost associated of the 25% of the workover by BNPD to get 1 or 4 wells re worked. Clearly they did not identify if $17,465 is for 1 or more of the 4 wells.