Golden Triangle Ventures Inc (GTVH)

[jbsliverer]

One should expect BNPD (no ticker change yet, but it is Gouger) to be out there and Tejone Operating Corp (or Texas Oil and Minerals) to have some operating equipment out on the site.

It is about the ONLY site that Gouger has been operating and producing oil from for about three years now. Although it has not been much in comparison to how much is really needed to substantiate any PR forward looking statements or validate any exuberant or even decent pps.



Don't mean to belittle any effort or time to snap a few pics of the site, maybe snap a pic of the current and valid permit for each of the wells if possible. Not sure if they are even following the proper permits or safety regulations since Gouger has had a history of violating those rules and regulations.

Probably it would be good to compare with other sites that are actually pumping good business and plenty of oil and see how the site compares.

But the bottom line is how much oil is actually produced and the expenses that BNPD (not TXOM until there are filings showing at OTCBB.com) for example is paying itself Tejones Operating Corp to operate it. Only 25% "working interest" is BNPD or Texas Oil and Mineral and any profits Tejones does for their service is Gougers and not the shareholders; nor does Tejones services depend on profit from the wells and can get paid their fees from shares sold in BNPD whether BNPD shareholders profit or not.



Checking of production reports, permits, etc, etc can be quite helpful in any real DD on the company. Like I said they should be out there, the majority of anything that Gouger been doing with oil is out there at that site, even though it hasn't been much compared to the rest of the oil industry. In the bottom of the pack group for oil production and this site is also in the bottom for the majority of profitable oil operations.

So it shouldn't be any surprise or oddity that they are at least still in fact there. It matches to all the production reports. But now the shareholders are going to foot the bill and pay them to continue to work these measly producing wells that by the reports are again falling in production on the average monthly numbers.



And one can go to the Texas authority site and correlate that this field is about the only oil producing operations for Gouger and get every month for years back such as this one. But Tejones reports will compare to the field production report given for the entire time since Gouger took it over.



http://www.rrc.state.tx.us/data/online/index.php#