You know one other reasons I love investing in oil and gas exploration is the tax incentives I receive. If I put a hundred thousand dollars into an oil investment. The US government will hand me a check for thirty thousand dollars in the first year. This is what most people do not understand the tax laws are incentives for professional investors. So let’s say putting a 100 k and I get a tax credit for 30k and I’m earning ten percent per year on my investment. what kind of tax will I have to pay every year on that 10k income. Only eighty percent of that income will be taxed thanks to the government encouraging investors like you to invest in America’s production of oil and fuel. Oil is in most building products and plastics, it takes energy to keep this country strong. That’s why the US government underwrites your investment
to keep production going. Contact Cannon Operating for your free prospectus today thanks for listening.