Well my family has own a sh-t load of west Tex oil leases and all we got out of it was a tax bill. Oil Co.s and those who own the property being leased make money. Working oil Co.s that own the leases make money. Just having a lease is a tax burden, except when you scam investors with a PO with a bunch of more or less worthless paper. Get it, Do you understand . A lease is just paper, we are investing in a sheet of paper. There are no working oil rigs, they are abandon, and in some cases pose a financial liability. The longer a lease is held, the more likely back taxes are accumulated, to the point where the leases are abandon, this is probably why there has not been a Q financial report for several Qs, if you look closely it appears Don W. is hinting at this outcome.
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