[GCHR]: Research begins on Golden Chief Resources, Inc.

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Due to the promotional efforts of jmhollen and rrufff, the_worm06 Research Department begins research on GCHR, Golden Chief Resources, Inc.

The following is an example of research to follow. Two Directors of GCHR paid themselves 96 million common shares of GCHR for oil & gas leases having a carry over value of only $95,000. These shares represent about 40% of outstanding common shares. The value of these 96 million shares at Friday's closing price of $0.04 is approximately $4 million :


http://www.secinfo.com/dUgwf.zG9.htm

Golden Chief Resources Inc · 10QSB · For 6/30/05
Filed On 9/26/05 4:02pm ET · SEC File 0-12809 ·
Accession Number 1000096-5-518

NOTE 2 - OIL AND GAS PROPERTIES PURCHASED FROM A RELATED PARTY

Golden Chief issued 96,000,000 shares of common stock to a company controlled by two directors of Golden Chief for the purchase of two oil and gas leases. The properties were recorded at the carry-over basis of the former owner totaling $95,000. The shares were valued at $960,000 resulting in an asset of $95,000 and compensation of $865,000. See footnote 4.



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