Operation Wildcat
Our country desperately needs
domestic oil & gas production. Drilling
new wells in new places is the only
sure way to find new sources of oil &
gas. We realize this is this is a
financially risky venture and believe   
the best way to insure this vitally
needed activity is to modify existing tax
laws for Wildcat Oil and Gas
Exploration Wells.

A Wildcat Well is defined  as a new
well 2 miles from existing oil & gas
production or that penetrates a
untested or un-produced geological
zone located at least 2 miles from
existing production in that zone.

We propose to modify the tax laws to
allow a 100% immediate (both tangible
& intangible) tax write- off for these
exploratory tests wells in the year they
are drilled. This modification would
only be extended to Wildcat Wells as
defined above.

We the undersigned believe this
proposal would stimulate oil & gas
production faster and more efficiently
than any government program.
Please add my name to the Operation
Wildcat Petition. I am in favor of
increasing our nations domestic oil &
gas reserves.
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