Golden Triangle Ventures Inc (GTVH)

[jbsliverer]

Best place to do research is the information from the Texas authorities where by law everything like oil production of the wells, proration results (what the well is limited to producing or more violation and eventual shutdown if exceeded), and all the violations that the well operating company (Tejones - Gougers) is receiving (in which Gouger constantly gets and is regularly in violation of Texas laws).

The latest violation that BNPD (Gouger is constantly getting them) has received is the H-15 report that is delinquent. The H-15 is required by law for all shut-in wells which is number 2 well of the Bryan Estate Lease. After a year of non production, well number two is by law supposed to be fully plugged unless there is an extension granted by the Railroad Commission. Right now that is denied and a Severance (violation) has been issued.

RAILROAD COMMISSION OF TEXAS
Oil and Gas Division
NOTICE TO OIL AND GAS WELL OPERATORS
Testing of Older Inactive Wells (H-15 Program)
As Required by Statewide Rule 14(b)(3)
CHANGES TO TEST SCHEDULE
Any well, inactive one year or more and that is 25 or more years old, must be tested annually to ensure that it does not present a threat of pollution. In previous years, an annual schedule was
mailed out in January and all tests were due June 1st of the same year.
Starting in January 2008, the test schedules will be mailed out monthly, and will be based on assigned field. The start of testing will coincide with the annual surveys (G10/W10)
scheduled for each field and will allow 90 days to complete testing.
Please call Field Operations in Austin at [phone] if you have any questions.

Two of the other three wells that are around 75 ft from the shut in well in the same reserve show that the proration reports (W-10) only shows that 1-2 barrels can be produced and that most of that is only gas, water, muck, etc and are at the total end of life of the wells.

The one well that sits off from the others in the same reserve can only produce 5 barrels on the very best day (by no means every day and very few and far between to get that production in a day) and a lot of that takes regular maintenance of cleaning the gas, water, muck, etc out of the oil.

That is why there is no income from the lease for shareholders, it takes more cost to operate than profit to be made. That is what a little good research reveals. Just check out all of Gougers sored past and production and his inabilities to come up with what is owed and BNPD's lack of financial resources.