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Published byClement Sutton Modified over 9 years ago
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Welcome and thank you for taking the time to evaluate our presentation. My name is Joy Brown and I am the CEO and founder of B & G Energy. The intent of the following presentation is to provide a seed for an idea, explain the tax incentives, identify the risks and share my insight into the Oil & Gas exploration industry. “A moments insight is sometimes worth a life's experience” Oliver Wendell Holmes Thank You Joy
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The B & G Energy company is a team comprised of highly experienced, knowledgeable and goal oriented professionals who share the same business philosophy. “Success is measured in many ways” however failure is measured only one way “inability to complete the goals and objectives we set for ourselves”
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Cheap crude oil has fueled some of the most astonishing advances of the 1900s. Global trade, the birth of heavy industry, rapid and (relatively) painless global transport of people and that consummate icon of America, the automobile.
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Demand is at an all time high causing the price of crude oil to rise more than 200 % in the last 18 months. The United States is more than 70 percent dependent on foreign oil.
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To reduce our dependency on foreign oil the IRS has allowed all tax payers who invest in exploration of Oil & Gas within the United States borders (U.S. soil) will receive a 100 % tax deduction.
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What this means to you is 80 % of your investment in B & G Energy is considered ordinary income loss in 2004 and the remaining 20 % will be amortized by 2007. Furthermore only 85 % of the income you receive will be considered taxable.
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Oil & Gas ventures normally are sold as limited partnerships giving away your voting rights to a general partner. The general partner (the oil company) would control the entire partnership. I structured B & G Energy as if I were the investor. Investors purchase a percentage of a joint venture equal to 100 percent, retain all there voting rights (1% = 1 vote) and full control of the venture.
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B & G Energy researches, evaluates and analyzes all potential ventures both efficient and cost effectively. Abilene, Texas - Proven Successful Taylor, County - Proven Successful 3D Seismic testing is successful in Texas at 84 % when drilling one well and 93 % successful when drilling two. (You receive two wells) Close proximity of pipeline for delivery of production
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Once again I would like to say thank you. The 3 D seismic reports, professional estimates of future production, potential income history of our drilling location, history of production in the area, history of production in our field and all necessary information to make a well educated Investment decision. Please call me personally so that I may send you my most recent joint venture and call you to discuss the value, production potential and the long term income earning potential. Joy Brown, CEO
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