Good news for investors who wish to invest in the current and future projects of Goldfield Oil and Gas LTD!
(prHWY.com) August 29, 2012 - Las Vegas, NV -- Goldfield Oil and Gas LTD has been in the natural reserves industry for seventy-five years and started its operations in Goldfield, Nevada. Today, they are engaged in low-risk drilling in the DJ Basin in Colorado. A professional team of geologists and the use of the latest technological equipment have enabled them to be successful by 98.9% on the field. They have never drilled any dry holes. This is a very lucrative opportunity for investors who would like to invest their capital into a project that gives them a good return.
Besides getting a hefty return on their investment, investors get many tax advantages on their investment too. Domestic reserves are very important in helping a country gain self-sufficiency by reducing its dependence on foreign imports. The Government has therefore, allowed many tax incentives to investors to encourage them to invest in the oil and gas industry.
A major portion of an investment, almost 70%-80%, in an oil and gas prospect is usually allocated to drilling costs like labor, chemicals, mud, grease, etc. Drilling costs are intangible expenses and can be written off completely against taxable income or adjusted gross income in the first year of the venture. This will give investors a huge advantage as it will reduce an individual's total taxable income by a significant amount. The tangible drilling costs that are tax deductible are allowed to be depreciated over a period of seven years to avoid burdening the investors at once.
Regarding the tax benefits the company spokesperson said, "Investors with a good foresight will not let go of such a lucrative investment opportunity. Even the Congress is offering attractive tax incentives to encourage investors to invest in the natural reserves industry. We aim to minimize risks and maximize returns keeping in mind the best interests of our valuable investors." To find out more about the company, visit their official website.
http://www.goldfieldoilandgas.com
About Goldfield Oil & Gas LTD
The company has been in business since 1937. It started off as a gold mining company seventy five years ago and today is one of the most reputed names in the oil industry. The company has a hands-on experience for a long period of time in an area called the Denver-Julesburg Basin (also known as the D-J Basin) in Colorado. You can contact them using the details given below.
Contact Details
Email:info@goldfieldoilandgas.com
Phone:855-406-4120
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