But be very cautious about oil/gas well investment

I have personally invested in a few gas/oil wells.  Some are good (at least in the first few years).  And some are bad (low return) due to low production rate.

all wells: I got great tax break in the first year: 30+% return on the tax saving.

Good wells:  The pay-out on the first few years along with tax break covered all initial investment. Now the pay-outs are pure profit for many years.

Bad wells: The production rate is dropped after first few months.  It will take 10+ years to get the initial investment back.  There is a chance "never".

 

One advice: DO NOT invest in NG well due to low NG price and high initial cost. It could change in the future, but NOT NOW.

 

good luck!

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• Appreciate your good advice, currently no plan to directly inves -rx300- ♂ (223 bytes) () 05/10/2012 postreply 20:46:18