Replies to post #24012 on Native American Energy Group Inc. (fka NAGP)

[Drillman7]

I do like seeing the sp going up but it sure would be great to see a nr behind it .

[indigenous]

Latest news on NVMG...No PR from NVMG??!! Here it is...They were kicked off Pine Ridge Rez by Tribal Council and Tribal Court Judge for trespassing and promoting uranium mining. They are not welcome on Ft. Peck Rez in Montana any more. They weren't even paying their bills up there and never paid their leasees! These guys are scammers and need to be exposed! First clue...when the CFO of a company has several aliases??!!!...

[humboldt111502]

They would still be required to report production on any wells that they were named as operator. Then they would have to pay severance/utility tax to the tribe and the state on any revenues made. Nanvaan even acknowledged the taxes in a meeting with Montana officials....


http://leg.mt.gov/content/committees/interim/2005_2006/st_trib_rel/minutes/STRIC_1_23_06.pdf

"SEN. O'NEIL said that currently, Montana charges a 13% oil severance tax and the tribes charge a 7% severance tax. He asked if a bill to reduce the tax would make a difference to NAEG. Raj Nanvaan, Chief Financial Officer (CFO), said such a bill would definitely make a difference for NAEG."