The owner, John Henry, called. He said he was involved in 100 wells. I asked him if I had invested in all 100, would I be ahead or behind. He said I would be behind. Why would I invest with someone who loses money. He also said that about 35% of his wells were successful. Not very good.
Sales cold-call from Mark Moralles (sp?) at John Henry Petroleum. He was offering me an investment opportunity (insert big $$ here) in some new well that was going live in 30-60 days.
Nice guy, straight forward. I indicated that those $ numbers were beyond my capabilities. He thanked me for my time and ended the call.