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626 RXR Plaza Center
West Tower
Uniondale, NY 11556
+1 516-229-2346
bglei46623@aol.comNone
Not available
The company owns overriding royalty interests in Queensland, Australia that are subject to Authorities to Prospect and underlying Petroleum Leases that were granted to the holder of the Concession by the Minister of Mines of Queensland, Australia.
The land underlying the concession is a large land area under which there are drillers who drill the land and produce oil. The company has overriding royalties and there are many holders of overriding royalties on the properties. The company has no control of production and depends upon an agent in the United States for reporting, payment of tax to Australia and maintenance of our interests.