"please invest in my company"
Discussion
Keep getting phone calls from these guys:
http://www.g-energygroup.com/
Admittedly, they do sound quite professional on the phone.. i stupidly agreed to an information pack. He wants me to invest $49,000 for a 2% share on a 3 well (oil obviously) package.
Each well will take 3 weeks to construct and after that oil production would be between 20-250 barrels a day.
He threw lots of jabber at me and kept going on in oil-speak.
Lost my patience and told him i wasn't interested after he wouldn't let me go.
Now surely if it was that great an investment, i should be calling him and not the other way around??
Anyone in the know want to help me confuse him with oil speak? he rattled on about Knox Formation and non-wildcat drilling etc.
http://www.g-energygroup.com/
Admittedly, they do sound quite professional on the phone.. i stupidly agreed to an information pack. He wants me to invest $49,000 for a 2% share on a 3 well (oil obviously) package.
Each well will take 3 weeks to construct and after that oil production would be between 20-250 barrels a day.
He threw lots of jabber at me and kept going on in oil-speak.
Lost my patience and told him i wasn't interested after he wouldn't let me go.
Now surely if it was that great an investment, i should be calling him and not the other way around??
Anyone in the know want to help me confuse him with oil speak? he rattled on about Knox Formation and non-wildcat drilling etc.
f
k!!!! If they are in hackney teh forget it!!! I know my mate who lives ther wont forgive me, but it aint really the finacial capital o the world! Last time i was there for coffee I was told to bring protection so brought my three daughters!! they scare the hell out of me!!
Its a con! Does anyone need to have this further explained!
k!!!! If they are in hackney teh forget it!!! I know my mate who lives ther wont forgive me, but it aint really the finacial capital o the world! Last time i was there for coffee I was told to bring protection so brought my three daughters!! they scare the hell out of me!!Its a con! Does anyone need to have this further explained!
Sounds very dodgy to me. I work in teh oil industry and even a small well would produce 2000-3000 barrels a day in the north sea.
$49000 seems a small amount as well. Say for example an offshore rig to hire would be hundreds of thousands of dollars a day. Even a land rig to hire would be 10 of thousands of dollars a day.
Definatleyu sounds like a fishing scam
$49000 seems a small amount as well. Say for example an offshore rig to hire would be hundreds of thousands of dollars a day. Even a land rig to hire would be 10 of thousands of dollars a day.
Definatleyu sounds like a fishing scam
boardinscotland said:
Sounds very dodgy to me. I work in teh oil industry and even a small well would produce 2000-3000 barrels a day in the north sea.
$49000 seems a small amount as well. Say for example an offshore rig to hire would be hundreds of thousands of dollars a day. Even a land rig to hire would be 10 of thousands of dollars a day.
Definatleyu sounds like a fishing scam
It probably is a scam, but the costs/returns/completion time would indicate this is a land well developement, $49K being 2% stake would be around $2.5milion total cost, that does not seem far out for simple wells.$49000 seems a small amount as well. Say for example an offshore rig to hire would be hundreds of thousands of dollars a day. Even a land rig to hire would be 10 of thousands of dollars a day.
Definatleyu sounds like a fishing scam
Taking a P50 of 125bbpd from all three wells at $100/bb that is $12500/day return, less operating costs, tax etc if it was genuine it could be a good investment, however, if the well goes wrong and the development costs increase the 2% investor woulod be liable to an additional 2% of the increase, whcih when thing do go wrong can add up.
But it is more likely a scam so walk away.
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