Replies to post #27888 on Golden Triangle Ventures Inc (GTVH)

[jbsliverer]

Where are you getting those numbers? Is there some documented report or just off the PR by the company. The field is not getting anything close to that 20 bpd and I really doubt that it will. Not on any 30 day basis anyway. And there is doubts that it has a reserve anywhere near the amount the company has PR'd. It's almost a given that any pinky PR is over stated and one must take that fact in view when certain projections are given.

At any rate, whatever the bpd is or will be has to be shown on documented reports, so will be interesting to watch for that.

Where are the costs coming from. Are they expenses from any audited financials of BNPD? Or are there any links to verifiable data confirming that maybe what it should be or is. Of course, some wells don't do as well as others when it comes to getting the last of the oil out and expense to operate low producing wells are considerably more than better producing wells in relationship of expense per barrel of oil.

Also lets be clear on what exactly "ownership" is when it is "working interest".

WORKING INTEREST: The right granted to the lessee of a property to explore for and to produce and own oil, gas or other minerals. The working interest owners bear the exploration, development, and operating costs on either a cash, penalty or carried basis.

“Working Interest” means an interest in an oil and gas lease that gives the owner of the interest the right to drill for and produce oil and gas on the leased acreage and requires the owner to pay a share of the costs of drilling and production operations. The share of production to which a working interest owner is entitled will always be smaller than the share of costs that the working interest owner is required to bear, with the balance of the production accruing to the owners of royalties. For example, the owner of a 100% working interest in a lease burdened by a landowner’s royalty of 12.5% would be required to pay 100% of the costs of a well but would be entitled to retain 87.5% of the production.

We're still missing a couple of numbers and terms of this 25% "working interest". It would be nice and have some real disclosure and transparency by BNPD and let us in on ALL the terms.

Also it is only 25% of low producing wells and the fact that "exploration, development, and operating costs" are payments to Tejone Operating Corp by BNPD shareholders along with the shareholders are the ones who will pay for the 25% "working interest".