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New Protection for Public Investors in Oil and Gas Drilling Funds

机译:石油天然气钻井基金公共投资者的新保护

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The State Securities Board has adopted Administrative Guidelines for Registration of Oil and Gas Funds Programs which were constructed for a three-fold purpose - one of which is to assure public investors of adequate capitalization of the sponsor (the entity which originates and promotes an oil program) to perform the ventures to be shared fairly between the investors and sponsors. This paper presents a synopsis of the rules of the Securities Board which would be applicable to the employment of a joint-vent to raise drilling funds. (ERA citation 09:005754)

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