FunkyKO said:
You keep doing what you're doing 13. Raising capital is tough business. Don't lose heart. Stay with it
Side tip.
X the Gmail account. Pay a few bucks for your own domain.
It displays paying attention to detail
Good luck 13
Hi Guys,
First off, let me say, I really appreciate some of the feedback I have gotten since my original post. I obviously realized what I was getting into when posting on TexAgs.
I remember I got my first job in the oilfield on TexAgs, when I was a super-senior at A&M wanting to get into the oilfield back when oil was $100/bbl. I had a below average GPA (thanks for weeding me out engineering dept), and no one would even glance at my resume (esp with non engineering background). An up and coming oilfield services company posted a job opening, I went and interviewed, and two weeks after graduation, I was in the thick of the Eagle Ford running trucks all around southern Texas 24/7.
The reason I came back to TexAgs was simply to try and draw from the same "well" (pun intended) that got me to where I am today. My goal was to simply offer a chance at someone to take another chance on me, just like the oilfield services company did when I was desperately trying to get my foot in the door in early 2014, and have me return the favor in the form of (what I believe) to be a solid investment.
Side note: no matter if the oil well is dry or not, many people don't know the huge tax incentives that come with the expenses of drilling and completing an oil well. 100% of all drilling costs are tax deductable. Approx. 85% of completion costs are tax deductible. Depreciation on all surface equipment (pumping unit, tanks, etc). Percentage depletion where 15% of gross income from the oil I produce is oil is tax-free for small investors and independent oil and gas producers (such as myself). So even if I drill a big freakin stinker of a dryhole (which in an area of proven historical production is unlikely, but not impossible), you're gonna get a sizeable deduction on your federal income taxes in the year I drilled the thing.
Gig 'em '13.