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oil and gas drilling projects

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Old Oct 4, 2005 | 10:17 AM
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anyone know anything about these? they are suppose to be great tax deductions and have a high rate of return.
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Old Oct 4, 2005 | 11:11 AM
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they are also extremely risky. chances are high that you won't find anything.

I'm not sure how they are decuctions if you are just investing. do they have tax exempt returns or something?

They are great tax decuctions if you lose money, though.
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Old Oct 10, 2005 | 06:45 PM
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They wont even talk to you unless you got 200k to invest. It not worth their time.
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Old Oct 10, 2005 | 06:51 PM
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Ever hear of limited partnerships? Do a search - major money losers during the 80's.
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Old Oct 11, 2005 | 07:36 AM
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[QUOTE=Harpoon,Oct 10 2005, 09:51 PM]Ever hear of limited partnerships?
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Old Oct 11, 2005 | 11:43 PM
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Originally Posted by FILTHY BEAST,Oct 10 2005, 08:45 PM
They wont even talk to you unless you got 200k to invest. It not worth their time.
A quarter million is usually the minimum and that 250k is kinda like a six figure lottery ticket. It is not a game for amateurs.
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Old Oct 12, 2005 | 09:06 AM
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I guess my hundred bucks isn't going to go far
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Old Oct 13, 2005 | 06:29 AM
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Since it's not going to go far, just pass it on to me. I can make it go pretty far.
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