"If anything is even a little bit off DONT INVEST."
This is so true. I remember be really pressed hard to invest in some natural gas wells where each well was "owned" by the investors who were paid out fractionally based on the production, the more wells you were in to the more you got paid. Someone I know was getting $3000 - $5000 checks a month from this operation and I was quite curious. But given the scope of things and the kinds of returns they were promising I was amazed that such a deal would even be around by the time people got to me. So I asked for a picture of the gas works. Which was provided but didn't match where they said it was (go go Google Earth!) and once I tracked down where they said things were going on, it was near the edge of the live fire missile range which a) meant you couldn't go out there to take pictures, and b) the US Bureau of Land Management wasn't about to be writing gas leases on land you might get bombed on. Sure enough, a call into the local sheriff left no doubt. No wells, no drilling, anywhere. And he got another data point for his investigation (I wasn't the first person who called). About 9 months later the whole thing vanished. I mean literally everyone in charge just disappeared. Sad really.
Comments
"If anything is even a little bit off DONT INVEST."
This is so true. I remember be really pressed hard to invest in some natural gas wells where each well was "owned" by the investors who were paid out fractionally based on the production, the more wells you were in to the more you got paid. Someone I know was getting $3000 - $5000 checks a month from this operation and I was quite curious. But given the scope of things and the kinds of returns they were promising I was amazed that such a deal would even be around by the time people got to me. So I asked for a picture of the gas works. Which was provided but didn't match where they said it was (go go Google Earth!) and once I tracked down where they said things were going on, it was near the edge of the live fire missile range which a) meant you couldn't go out there to take pictures, and b) the US Bureau of Land Management wasn't about to be writing gas leases on land you might get bombed on. Sure enough, a call into the local sheriff left no doubt. No wells, no drilling, anywhere. And he got another data point for his investigation (I wasn't the first person who called). About 9 months later the whole thing vanished. I mean literally everyone in charge just disappeared. Sad really.