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Re: JETSET post# 29984

Tuesday, 10/23/2012 3:35:50 PM

Tuesday, October 23, 2012 3:35:50 PM

Post# of 33904
You could say that government entities are slow and most likely you are correct except for oil/gas reporting and sales there are quite a few entities that need to be taken care of such as royalties, severence taxes to the government, overriding intrests etc. So from an accounting point of view this info is usually disseminated quite quickly.

Which brings me to another point on the play. Their Net Revenue Interest in wells are never discussed because they have given considerable overriding interests to themselves and early investors. So they may have 100% Working interest but net to the company is significantly lower therefore directly effecting bottoms lines and lining pockets of managment!

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