Easy. Drill 5 wells for a total of $150,000. Charge the investor $700,000 and promise 5 barrels a day per well. Then when the wells come at at one barrel, you still get a check, but they got $550,000. Who wins in that one?
Exactly how does nueces valley resources scam their customers. I have a relative who had a friend who sold leases from their oil wells in Kansas. He bought 1and 1/3 units. and then he gave me a1/6 of a unit. they do send me a monthly check, but it is no where near what they quoted my relative. It seems odd they don't offer much info for their investors
Easy. Drill 5 wells for a total of $150,000. Charge the investor $700,000 and promise 5 barrels a day per well. Then when the wells come at at one barrel, you still get a check, but they got $550,000. Who wins in that one?