This blog is to be a running chronicle of the challenges of starting a Not-For-Profit Oil and Gas Corporation (yeah, yeah ; not for profit - on purpose).
As we go through the process of application for status as a charity from the tax authorities, identifying a Board of Directors, rallying support from the oil and gas industry, financing this venture and finally - putting this plan into action and operation; the reader will share our experiences and be asked to give their opinions and advice as we progress.
The name Philosopher's Stone Oil & Gas is a reflection of our challenge to take the industry's sh*t (minor working interests, declining oil & gas fields, etc.) and turn it into gold for our designated charities.
This will take accurate property evaluation, efficient work processes and a lot of luck.
Unfortunately, Philosopher's Stone will benefit from oil and gas corporations wanting to reduce their costs by increasing their productivity and efficiences (i.e. layoffs or worse - one person doing a two person job), increase their profit per barrel of oil equivilent (sometimes at the risk of the environment and safety) and the growing unrest in the Middle East.
Fortunately, Philosopher's Stone will be there to hire staff. We will train those new to the industry, provide a place for semi retired workers to continue earning money - and still provide flexibility in time and the work environment. We will not descriminate based on gender, sexual orientation, disabilities or race - however, we will descriminate against those whiny, no ambition, me first types that permeate the industry and its offices.
In subsequent posts I will try not to sound like I have a stick up my .........
Please comment as you see fit, be patient with my initial blogs and see that we are trying to create something bigger than ourselves for the benefit of our community.
Blackheart
