Breitling Energy Corp fka BECC

[FM II]

I will say one thing for hindsight, a lot of news organizations should be feeling very stupid right now. Here is an article by Reuters. It is full of nonsense. The 3D seismic could influence recovery factor is just babble. With hindsight, I seriously doubt Breitling ever controlled 200 thousand mineral acres.

http://www.reuters.com/article/us-breitling-ipo-idUSBRE9610OM20130702

[MilltoBill]

Any idea on Criminal charges?

Keep in mind the SEC is civil only...

[Voices of Reason]

For those afraid to ask "what's next?": http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123541753

[johnny46]

Victory is sweet.

[dustywest]

Inside an $80 million scam: The SEC's story of Dallas' Breitling Energy

http://www.dallasnews.com/business/energy/20160627-inside-an-80-million-energy-scam-the-sec-s-story-of-dallas-breitling-energy.ece

[Voices of Reason]

Birds of a feather...the genesis of this company (BERX) was doomed to repeat itself: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70707445

[FM II]

First email I sent telling a reporter to take a closer look was July 2013. No real hindsight in my case. You even commented on some of my 2014 posts. Unfortunately. no one who had contact with CF bothered to ask a few simple questions.

I think it was 2013, I called Breitling and was handed off to the president of Crude, Hallem, I think. I asked how many wells they operated and he told me I should call Joe Simo for that information. Big red flag when the President of Crude didn't seem to know that they didn't operate any wells.

Unfortunately, like you, a lot of people evaluated BECC by the number of politicians CF had lunch with and how many times he appeared on cable news. (Actually, I don't know that you evaluated BECC, your motivation for denying reality is unknown to me.) In the past year, everything you have said of any substance proved false, including your crowing about BECC successes. Now you want to cover your dumbassery by blaming others and changing the subject. You were warned and you still didn't bother to check. You bothered to post absurdities, though.

You were wrong at every turn and that was with multiple warnings laying out exactly what was wrong, no evidence of experience and exaggeration of experience. Now, I will admit, that the SEC has more resources than me including the possibility of getting someone to roll on CF so they came up with things I didn't know about, but some I suspected. I didn't mention all my suspicions because I go by evidence. Unfortunately, that is one thing you have little interest in.

You were wrong in a big way and you have spent a year saying some of the dumbest things about BECC like, somehow, you knew something about it.

I'm sorry, but you spent the last year begging for an "I told ya so."

A lot of the things the SEC brought up I had no way of proving so I didn't say anything. I did, in a crystal clear way, state that I thought that CF was exaggerating his experience in a big way.

Interestingly, the SEC made a big deal of Crude Energy and Patriot being effectively the same company. I just assumed that was a non-issue because it was so obvious that it was.

...and "integrity of share structure" still has me stumped.

One of the reasons I have stuck around is to counter the silly things you said, hoping that a few people would do their own research and question the validity of BECC. That and you kept saying I was wrong when I was not.

Literally days ago you were trying to convince people that Breitling began in 2004.

[johnny46]

I think in the next upcoming weeks the SEC might be the least of some of their problems

[johnny46]

Breitling offices have been raided and shut down as of May 3rd.

[tdbowieknife]

Chris Faulkner and his gang of cons are clearly pieces of shit. Federal criminal fraud charges would be very appropriate. I'm sure the FBI and DOJ are working on that.

20 years sounds about right...

.


Buyer Beware


Grey Market


..

[The_Free_Nebula]

Nasty....

[tdbowieknife]

Good... BECC will take quite a hit when trading resumes, typically 50% to 90% drop the first day of trading from the price of the day of suspension.

.


Buyer Beware


Grey Market


..

[The_Free_Nebula]

No need for luck...been out for a while now....

[dustywest]

SEC says Chris Faulkner of Dallas-based Breitling Energy used fraud to fund 'lifestyle of decadence and debauchery

http://www.dallasnews.com/business/headlines/20160624-sec-says-chris-faulkner-of-dallas-based-breitling-energy-used-fraud-to-fund-lifestyle-of-decadence-and-debauchery.ece

[I-Glow]

You posted, "Wrong again FM 11". It seems he was accurate with everything he posted about BECC.

Wrong again FM 11,

The Patriot Energy company that you are linking to has nothing to do with Breitling Energy. It is a different company entirely.

For stock traders, it would be a complete waste of time to DD that company.

For the anti-fracking buffoons and failed traders who have been following this board, who are willing to publically and/or privately harass Breitling, their shareholders, their investors and their partners, I would hope that you would not use incorrect information posted on a message board, as a reason to justify harassing a company that has no connection or relationship with Breitling Energy.

It is amazing so much bad information could be squeezed into one post.

IG

[tdbowieknife]

Investors should try and get back what they can when BECC resumes trading on the Grey Market Monday July 11th as this is surly toast. The volume won't last long, few weeks, and then little to nothing. You may also need to call the order in as some brokers do not allow online trading of Grey Market stocks.

Some info from the SEC.

https://www.sec.gov/investor/alerts/tradingsuspensions.pdf

Good luck.



.


Buyer Beware


Grey Market


..

[MilltoBill]

I wonder if the SEC will seek to recover all the picante sauce that was given out to the board member, or if they will reserve that for the FBI and their civil asset forfeiture that is forthcoming.

[FM II]

I am sure a lot of people have lost interest in BECC, but for me it is a new phase of interesting.

[The_Free_Nebula]

Wow

[FM II]

TD,
Thank you for posting a picture of my floating rig. ...no wait, I think I have been reading to much Faulkner. (Chris, not Bill)

[tdbowieknife]

Falkner looks like a Ron Blackburn understudy. He too oversold interest and even interest in wells they had no interest in. All production was of course extremely exaggerated and many time there was none at all, and of course there is the fake Belize oil strike. Nobody gets paid and all money disappears into the gangs coffers.

..

[FM II]

I would suggest everyone thinking about investing in the oil industry read the complaint. The SEC claims Faulkner et al engaged in every common oil scam I can think of. There was a variation of selling more than 100% of a well that I had not seen before.

After you read it once, go back, read it again and think about what you would have to know in order to detect the fraud. If you are widely experienced in the oil business the suspicious circumstances are obvious. If you are a layman, it might be difficult to spot them.

I never saw any of promotional material or deal descriptions, but what the SEC describes is definitely not standard for the industry, a real big red flag, but only if you know what is standard.

[tdbowieknife]

News....

https://www.sec.gov/litigation/complaints/2016/comp-pr2016-130.pdf


.


Buyer Beware

Grey Market


..

[FM II]

I think some didn't understand my mild sarcasm. It is really my fault because I assume people have been following this board for awhile and that may not be the case.

It was Reaper247 that used the term "integrity of the share structure."

BTW, that is what I mean by protecting the integrity of share structures. Avoiding toxic debt, CDs, dilution, etc.

I don't really know what share structure means, but it doesn't seem to be a great thing in this case.

[FM II]

Yes, but Breitling did file for a drilling permit in October,which obviously proved I was wrong about them going dark.

Moreover, because the Patriot prospects were subject
to the same continuous drilling and interlocked obligations as Crude, at least half of the Patriot
prospects sold to investors have reverted back to the original landowner, leaving these investors
with no interest in the prospects in which they invested

OK, I'll stop. I know people can read the complaint for themselves.

[FM II]

Yes, but Faulkner "protected the integrity of the share structure."

During a three-month window from December 2014 through February 2015, Faulkner engaged
in heavy daily trading in BECC’s stock through at least two nominee accounts in the names of
Steedley and Range Quest Resources (a private entity Faulkner owned and controlled). To fund
this trading, Faulkner routed hundreds of thousands of dollars from BECC to these two nominee
accounts. These transfers were sourced by investor funds provided to Crude. He “marked the
close” on BECC’s stock by initiating hundreds of small lot orders at or near the close of normal
trading hours, oftentimes establishing the day’s highest trading price at the end of the day.
Faulkner’s trading was done in an attempt to manipulate BECC’s stock price and trading
volume, and helped create the false impression that investors unaffiliated with the company were
trading in the stock

[MilltoBill]

cant believe these frauds kept getting on CNCB / CNN etc

Shows how much checking these network do.

I guess Reaper will be on CNBC next week wearing a neck tie discussing buying fraudulent oil & gas companies on the 'cheap'

[FM II]

As soon as BOG began offering investments in oil-and-gas prospects, Faulkner
misrepresented his education, experience, and background. He claimed to have earned master’s
and doctorate degrees from universities, which he had not. He represented that he had extensive
and diverse experience “in all aspects of oil and gas operations,” when he had no such
experience. In fact, his only exposure to the oil-and-gas industry was through website data
hosting work he and his prior company, C I Host, performed for oil-and-gas companies. Yet, he
promoted himself as an expert in the oil-and-gas industry, even branding himself as the “Frack
Master.” He also paid a public relations firm to promote him and to book appearances on
television and radio shows

At this point I suspect that this claim by the SEC is materially correct. I have never stated it so bluntly, because I could not prove it. Perhaps the SEC has more info than I.

I looked up the date of the first emails I sent to newspapers and to Breitling itself inquiring about their experience. It was in mid 2013.

Yes, reaper, I don't know anything about trading penny stocks, but I do know a little about the petroleum business.

[scion]

SEC Charges “Frack Master” With Running an $80 Million Oil and Gas Fraud

FOR IMMEDIATE RELEASE
2016-130

SEC Complaint
https://www.sec.gov/litigation/complaints/2016/comp-pr2016-130.pdf

Washington D.C., June 24, 2016 — The Securities and Exchange Commission today charged four companies and eight individuals in an $80 million oil and gas fraud orchestrated by a Dallas man who calls himself the “Frack Master” for his purported expertise in hydraulic fracturing.

The SEC charged Chris Faulkner – the CEO of Breitling Energy Corporation (BECC) and recurring guest on CNBC, CNN International, Fox Business News, and the BBC to discuss oil-and-gas topics – with disseminating false and misleading offering materials, misappropriating millions of dollars of investor funds and attempting to manipulate BECC’s stock. The SEC also charged BECC and suspended trading in BECC’s securities for 10 business days.

According to the SEC’s complaint, Faulkner started the scheme dating back to at least 2011 through privately-held Breitling Oil and Gas Corporation (BOG), which offered and sold “turnkey” oil and gas working interests. Faulkner ran most of BOG’s operations, while co-owners Parker Hallam and Michael Miller oversaw the sales process. The SEC alleged that BOG’s offering materials contained false statements and omissions about Faulkner’s experience, estimates for drilling costs, and how investor funds would be used. The SEC further alleged that the offering materials included reports by licensed geologist Joseph Simo that included baseless production projections and failed to disclose his affiliation with BOG. The scheme evolved to include BOG’s successor, BECC, a reporting company with shares traded on OTC Link and two affiliated entities, Crude Energy LLC and later Patriot Energy Inc. Faulkner allegedly established Crude and Patriot to deceive investors through offerings similar to those conducted by BOG. The complaint alleges that even though investors thought Hallam and Miller ran these two entities, Faulkner directed much of Crude’s and Patriot’s operations. The SEC alleged that BOG, Crude and Patriot raised more than $80 million from investors as part of these deceptive offerings.

The SEC alleged that Faulkner misappropriated at least $30 million of investor funds for personal expenses, including lavish meals and entertainment, international travel, cars, jewelry, gentlemen’s clubs, and personal escorts. The SEC alleged that Beth Handkins, a former employee of Crude and Patriot, Rick Hoover, the former CFO of BECC, and Jeremy Wagers, BECC’s general counsel and COO, all played essential roles in assisting Faulkner in the alleged fraud.

“Chris Faulkner allegedly orchestrated a sophisticated and multilayered scheme using BECC and its affiliated entities as a conduit to access millions of investor dollars,” said Shamoil T. Shipchandler, Regional Director of the SEC's Fort Worth Regional office. “The financing for Faulkner’s opulent lifestyle came directly at the expense of unwitting investors across the country.”

The SEC also alleged that Faulkner, Wagers and Hoover misrepresented various aspects of BECC’s operations in BECC’s public reports, including statements about the company’s financial performance, and its relationship to Crude and Patriot. In addition, while in the middle of perpetrating this fraud on investors, Faulkner engaged in a scheme to manipulate the price of BECC’s stock, with the assistance of former BECC employee Gilbert Steedley, by placing trades at the end of the day to “mark the close” of the stock.

The SEC charged Faulkner, Hallam, Miller, Simo, Handkins, BOG, Crude, and Patriot with violations of the antifraud provisions for their respective roles in the offering frauds, and charged BECC, Faulkner, Wagers, and Hoover with violations of the antifraud, reporting, recordkeeping and internal controls provisions of the federal securities laws. The SEC also charged Faulkner, Wagers, and Hoover with lying to auditors, and charged Faulkner and Hoover with violating certification provisions of the Sarbanes-Oxley Act. Faulkner faces additional fraud charges based on his alleged manipulation of Breitling Energy’s stock, and the SEC charged Steedley was charged with aiding and abetting Faulkner’s manipulative conduct.

Miller, Handkins and Steedley have offered to settle the Commission’s action against them on a bifurcated basis. Each will agree to full injunctive relief, including a conduct-based injunction for Miller, and will have the Court determine the appropriate disgorgement and civil penalties at a later date upon motion by the Commission.

The SEC’s investigation, which is continuing, has been conducted by Scott Mascianica, Ty Martinez and Melvin Warren and supervised by Eric Werner and David Peavler. The SEC’s litigation will be led by B. David Fraser and Mr. Mascianica.

###

http://www.sec.gov/news/pressrelease/2016-130.html

[FM II]

Faulkner and his co-Defendants duped hundreds of people out of millions of
dollars by intentionally and repeatedly lying about several aspects of the investments, including
the relationships between and among the Defendants, Faulkner’s industry experience, the nature
and operation of the investments, the estimated costs to drill and complete the prospects, the use
of investor proceeds, and the projected oil and gas production that investors could expect.

Told you so, reaper. (Sorry, I just had to say it.)

Not litigated yet, but I would say this is one of many red flags.

"Hey, Nero, do you smell smoke?"

http://www.breitlingenergy.com/portfolio-item/breitling-energy-ceo-chris-faulkner-cnn-international-june-2nd-2016/

[laraz5]

Who knew Brexit actually stood for Breitlings Exit from trading

Happy Halting

IMO

[flaflyersfan]

Great read;

https://www.sec.gov/litigation/complaints/2016/comp-pr2016-130.pdf

Good luck

[Renee]

BECC SEC Suspension:

https://www.sec.gov/litigation/suspensions/2016/34-78148.pdf

Order:

https://www.sec.gov/litigation/suspensions/2016/34-78148-o.pdf

Excerpt:

The Commission temporarily suspended trading in the securities of BECC due to a lack of current and accurate information about the company because it has not filed certain periodic reports with the Commission, and because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, its operations, revenues, and financial obligations.

[FM II]

Reaper, you are wrong.

There is no doubt that company did exist before the Articles of Incorporation were filed in Texas in 2009, because Breitling Oil and Gas was originally formed in Oklahoma.

I think one has to make some fairly bold assumptions for that to be true, assumptions that I think couldn't be more wrong.

First, you could define any company associated with CF as Breitling Oil and Gas. CF was associated with some 32 corporations and LLCs. If you use that definition, BECC goes back to the 1990s and definitely not formed in OK.

Second, if you think Southwest Energy Exploration is Breitling Oil and Gas, you would have to have a reason. At least I think so. Someone, anyone, can form up an LLC, apparently in a different state from one's residency or main office. There doesn't seem to be any requirement that an LLC do anything but keep current on filing, so there is no public evidence that a member of Southwest Energy Exploration, LLC did anything. CF probably did have some dealings in the oil business, but how would one know whether it had anything to do with Southwest Energy? So you are back to the first problem.

You could define Breitling Oil and Gas as any activity of CF or his partners in the oil business, then it goes back maybe 30 years.

I think, for simplicity, because it doesn't really matter, that we should assume that Breitling Oil and Gas came into existence when a company by that name associated with CF came into existence. That would be 2009.

Reaper, you have never explained why you think Southwest Energy Exploration is Breitling Oil and Gas, so I have to speculate as to why. I do know that CF agrees with you in a sense. He thinks Southwest Energy Exploration is the same as Breitling Energy Corp.

Chief Executive Officer
Breitling Energy Corporation
October 2004 – Present (11 years 9 months)Dallas, TX

https://www.linkedin.com/in/christopherfaulkner?authType=NAME_SEARCH&authToken=EGme&locale=en_US&trk=tyah&trkInfo=clickedVertical%3Amynetwork%2CclickedEntityId%3A11360468%2CauthType%3ANAME_SEARCH%2Cidx%3A1-2-2%2CtarId%3A1466609254603%2Ctas%3Achris%20faulk

I also know that LLCs are not required to have officers, but they can. So if the members elect CF CEO, then he is one. If they elect him high priest, then he is just that. Looks impressive on a resume, but it doesn't mean anything about his skills at business or finding oil

[FM II]

As I mentioned in another post, Southwestern had a primary business address in Bedford, TX. Whitepages.com suggests that that same address was once that of Christopher Faulkner.
In other words, it looks like CF came up with the idea of buying his own company and issuing a press release talking about the deal they negotiated.
Among other things, I do not think this is true:

The purchase includes all Southwest Energy Exploration property, equipment and leases of developable land in Oklahoma and Texas. Management, which has over 30 years of experience in the industry, is contracted to remain with the business for a minimum of five years. Southwest Energy Exploration was started in 2004 and remains a local leader in oil and natural gas exploration within the State of Oklahoma.

Now, Joe Simo likely has 30 years experience, but I seriously doubt he contracted with Breitling Oil and Gas or anyone else to remain for five years as management of Southwest. What would be the point? I also doubt Southwest was a local leader in oil and gas exploration.
Bottom line is that it is my opinion that CF’s persona of international oilman and “The Frackmaster” is a fabrication and no one bothered to even ask him about the inconsistencies, not the Dallas Morning News, not the Wall Street Journal, and not the Dallas Observer. If I am wrong, it would seem it would be easy to correct my misconception, and I would hope someone would.
I also do not think CF had any influence whatsoever in frac’ing thousands of wells and, really, I doubt he had an interest of any sort in thousands of frac’ed wells. I cannot prove that, but surely his story strains the credulity of any thinking person. Again, it should be easy to prove my opinion and doubts wrong.

BTW, CF signed the application for Reinstatement of Southwest on 11/09/2009. These applications must be signed by a manager.

OK, recap. I said CF had been in the oil business for ten years and that Breitling had been around for six or eight years. Would someone like to tell me again how I was wrong, because I still don't see it.

[FM II]

According to the OK SOS, Southwest Energy Exploration was formed in October 2004 by Liz A Minnaugh, 2711 Centerville Rd, Suite 400, Wilmington, DE, 19808. At least in OK, the person filing articles of organization does not have to be a member of the LLC. The principal business address of Southwest was 1901 Central Drive, Suite 750, Bedford, TX.

I strongly suspect, CF negotiated a great acquisition with himself. A request for reinstatement must by signed by the manager, so the November 2009 Reinstatement should be interesting. I think CF was able to convince himself to stay on for five years, but I will endeavor to document this.

http://www.prnewswire.com/news-releases/breitling-oil-and-gas-corporation-reaches-agreement-to-acquire-100-of-oklahoma-oil-and-gas-exploration-company-80334472.html

[FM II]

I am looking into who established the LLC in 2004. I will post what I find out.

[reaper247]

Your recent posts have actually been helpful. Thanks.

The Oklahoma corporation was an acquisition, not an original AOI.

IMO and FWIW.

[FM II]

Time for a summary. Below is the history of CF's company in Oklahoma. That would cover the period of 2004 to 2009. Note the gaps. Below is a screenshot of the BECC November 2014 corporate presentation.

We know that CF has claimed to have global operations and to have fracked thousands of wells over a long period of time (vagueness is his). So, I must ask during this post mortem period, do these claims make sense?

Does anyone really believe that the OK LLC that kept coming and going was actively involved in fracking thousands of wells and chose the latest technology to do it as CF would have you believe? Then there was Breitling Oil and Gas, Inc., in the four years of its existence, did it do what CF claims? That would put it ahead of some of the larger independents in the country in terms of drilling. B O&G is covered by the corporate presentation. Does that look like the presentation of a global company that has actively participated in technology selection and the fracking of thousands of wells? The company participated in its first horizontal well in 2009. So were these thousands of wells fracked wells vertical, must have been because there simply no way Breitling participated in thousands of horizontal wells in the 4 or 5 years between 2009 and when he started his claims. Between 1/1/2009 and 1/1/2015 approximately 84,000 horizontal wells were completed. In the same period, slightly less than 300,000 wells were drilled, so in order for CF's insinuations to be true he would have had to influence the design of a noticeable portion of all drilled wells. And yet he is almost unknown in the industry except for his own assertions.

So, other than Reaper, is anyone buying this stuff?

Now someone can post here that I have proved nothing and in some universe that would be true, but you have to suspend a lot of disbelief to buy the Breitling story as CF presented it. Maybe there was another company that CF formed up that he worked on part time and never mentioned.

Does it make any sense at all that this global company with thousands of fracked wells is now ducking process servers and has no right to do business in its home state?

It is certainly possible that everything CF said was technically true and that is why I said I had never caught him in a lie, but I smelled a rat early on because of my experience and I hope some people listened.

Breitling Oil and Gas, LLC:

FILING HISTORY :  
  Document Number Filing Type Filing Date  
  2063640002 Articles of Organization October 15, 2004  
  4720217732 Terminated March 14, 2006  
  13357880004 Reinstatement November 23, 2009  
  15091400002 Articles of Amendment July 20, 2010  
  15929430049 Terminated December 15, 2010  
  16100120002 Reinstatement January 13, 2011  
  18211510084 Terminated December 15, 2011  
  22234390002 Reinstatement July 11, 2013  
  23330480008 Terminated December 15, 2013  
  24014350002 Reinstatement March 11, 2014  
  25482410002 Change of Registered Agent and/or Office and/or Principal OfficeSeptember 24, 2014  
  25716820002 Annual Certificates October 14, 2014  
  29092530047 Terminated December 15, 2015  
  NAMES INFORMATION  
  Name Name TypeName Status Creation Date  
  BREITLING OIL AND GAS LLC Legal Inactive December 15, 2015  
  SOUTHWEST ENERGY EXPLORATION, LLCLegal Inactive December 15, 2015  
 

[mackfish]

LOL reaper, when you turn the last page of your dissertation, the only date worth mentioning will be included in the obituary. I think you may find that to be the appropriate conclusion. Will Breitling arise from the grave, morfed into another in the long list of succeeding companies? I don't think so

[The_Free_Nebula]

good on

[laraz5]

Maybe focus in how many shares being sold at .017 to .02

Dilution is motha Faulkner

IMO

[FM II]

Reaper, why don't you focus for a moment on facts rather than definitions. I formed a theory, clearly stated that it was not proven. If should be trivially easy for you to disprove all of it and I welcome it, it would further my understanding. Here is the points of substance from my post, if you are interested in substance:

So this is what I think happened and may be able to confirm it later if I get bored.

Southwest Energy Exploration was formed and run by CF in 2004. It came into existence and was terminated a few times then was purchased by Breitling Oil and Gas, Inc. in late 2009 to early 2010 (according the to press release). In 2010, Southwest Energy Exploration changed its name to Breitling Oil and Gas, LLC, at the time or shortly thereafter that it was purchased by Breitling Oil and Gas, Inc.

There was no Oklahoma Breitling until after Texas Breitling was established. The earliest that there was a Breitling Oil and Gas was 2009. Yes, as I said many times, CF had been in the oil business for about 10 years (though I now know there were gaps and he was not full time until 2008). Southwest Energy Exploration was a separate company that was bought by Breitling Oil and Gas, Inc. after negotiating the purchase. Unless Breitling Oil and Gas, Inc. negotiated with itself and contracted with its own management to remain for five years, the companies were distinct both in name and management.

I will admit, that this is convoluted and strange considering the press release. Perhaps there was a different Southwest than the one that became Breitling Oil and Gas in 2010, but I could not find it.

[FM II]

Using your logic, the assumption could be made that Breitling Energy has existed as a corporation for 16 years.

No need to assume and no need to use my logic. There is no logic involved; it is documented fact that the corporation now named Breitling Energy (BECC) existed for 16 years. (No I didn't check, I presume you got the date right.) Every authority I have checked, including the Texas Comptroller knows that BECC is a NV corporation and has existed as a NV corporation since, you know, it was incorporated. The fact that you assert otherwise is of no consequence.

[FM II]

I think it is hilarious that you completely ignored the fact that there was no Breiting Oil and Gas in Texas or Oklahoma before 2009. You like to nit pick what I say, but only that which is convenient for you.

Rather than mental gymnastics and assumptions about the company’s history, maybe you could simply share the date that you believe Breitling became a public company, and how you came to your conclusion.


Already done several times.

I have stated that BECC became a public company in January, 2014 based on filings from the SOS, SEC and FINRA.
Anyone can verify.

Already discussed several times

Please share your source for your claims. I would like to see if I am actually wrong.

Which claims? That BECC is a NV corporation founded more than 5 years ago? That would be the SEC.

BTW, sourcing bloggers pretending to be journalists at the Dallas Observer, or any other liberal leaning, anti-fracking buffoon’s website should be immediately dismissed by any casual observer as nonsense.


...and you, who have nothing left to bring to the table can only insult people and papers, but cannot bring any evidence to dispute the facts from the sources. Yes, I know there are complete idiots that think that liberal papers can't ask a question and publish the answer. I made several statements, never once said they are known to be true, provided sources including the OK SOS and above is your response. Sad.

So why don't you bring something to the discussion. When did Southwest Energy Exploration change its name to Breitling Oil and Gas? Got anything? ...anything at all, oh expert on Breitling history?

Did CF form up Southwest Energy Exploration, use the LLC off and on for five years then form Breitling Oil and Gas, Inc., buy his own company and crow about what a deal he negotiated? Surely that is not true and surely you know the correct story, expert that you are. Easy stuff for a trader like you. Got anything? ...anything at all?

And my other question as per usual still hangs unanswered, by what criteria is Breitling Oil and Gas, LLC the same company as Breitling Oil and Gas, Inc. We will be waiting for a substantive response. I have a feeling we will be waiting a long time.

You have consistently claimed Breitling was formed in 2004, which CF himself disputes so you are wrong. You have tried to what? discredit me? BECC no longer has the right to do business in Texas, in the things that matter, I don't see how I could have been more correct.

TIA, LOL, IMO and FWIW.

[reaper247]

Nope, you are wrong either way.

Breitling Energy was not a public company five years ago.

The Nevada corporation you are referencing, that is now known as Breitling Energy was actually originally formed in 2000.

Using your logic, the assumption could be made that Breitling Energy has existed as a corporation for 16 years.

It would be an incorrect assumption of course, but no different than the incorrect assumption that Breitling has been public for more than five.

Rather than mental gymnastics and assumptions about the company’s history, maybe you could simply share the date that you believe Breitling became a public company, and how you came to your conclusion.

I have stated that BECC became a public company in January, 2014 based on filings from the SOS, SEC and FINRA.
Anyone can verify.

Please share your source for your claims. I would like to see if I am actually wrong.

BTW, sourcing bloggers pretending to be journalists at the Dallas Observer, or any other liberal leaning, anti-fracking buffoon’s website should be immediately dismissed by any casual observer as nonsense.

TIA, LOL, IMO and FWIW.

[FM II]

Here is a quote about "Southwest Energy Exploration" that appeared in the Texas Observer:

Oklahoma state corporate records show that Faulkner started an energy company, Southwest Energy Exploration LLC, in 2004, and in 2010 changed its name to Breitling Oil and Gas LLC. But Texas Secretary of State records show Breitling Oil and Gas Corp. was founded in Dallas in 2009. Faulkner told the Observer that he started to spend all his time working on Breitling in 2008.

It seems that Faulkner started working full time with at Breitling in 2008. Let's see, 2015-2008 = 7 years. The OK SOS mentions the name change of Southwest Energy Exploration, LLC and if the Texas Observer is right, Breitling Oil and Gas, LLC came into existence in 2010. So if you want to play the name game it would be: 2015-2010 = 5 years.

Then there is the strange press release that Breitling Oil and Gas, Inc. purchased the properties of Southwest Energy Exploration in 2009, a company that was founded in 2004 and later changed its name to Breitling Oil and Gas.

http://www.prnewswire.com/news-releases/breitling-oil-and-gas-corporation-reaches-agreement-to-acquire-100-of-oklahoma-oil-and-gas-exploration-company-80334472.html
I searched for Southwest Energy Exploration on the OK SOS site and came up with this:





Now if you click on the "Filing Number," Breitling Oil and Gas, LLC comes up.

So this is what I think happened and may be able to confirm it later if I get bored.

Southwest Energy Exploration was formed and run by CF in 2004. It came into existence and was terminated a few times then was purchased by Breitling Oil and Gas, Inc. in late 2009 to early 2010 (according the to press release). In 2010, Southwest Energy Exploration changed its name to Breitling Oil and Gas, LLC, at the time or shortly thereafter that it was purchased by Breitling Oil and Gas, Inc.

There was no Oklahoma Breitling until after Texas Breitling was established. The earliest that there was a Breitling Oil and Gas was 2009. Yes, as I said many times, CF had been in the oil business for about 10 years (though I now know there were gaps and he was not full time until 2008). Southwest Energy Exploration was a separate company that was bought by Breitling Oil and Gas, Inc. after negotiating the purchase. Unless Breitling Oil and Gas, Inc. negotiated with itself and contracted with its own management to remain for five years, the companies were distinct both in name and management.

I will admit, that this is convoluted and strange considering the press release. Perhaps there was a different Southwest than the one that became Breitling Oil and Gas in 2010, but I could not find it.

I am sure reaper has been fully aware of this for years and will sort it out for us. But if you believe CF, Breitling was founded in April 2003 not 2004. After doing this research, I am going to say Breitling Oil and Gas has been around since 2009 when the first company by that name showed up. If someone wants to include the Southwest Energy period, that's fine and reasonable, but an explanation for why Breitling didn't mention the connection in 2009 would be in order.

[FM II]

I looked up the history of Breitling Oil and Gas, LLC in Oklahoma. There seem to be gaps in its existence. I would think this is no big deal if one is not conducting business in OK. Here is the thing, though, when trying to document the existence of Breitling, I can't find any corporation called Breitling Oil and Gas to fill in the gaps. With CF's love of corporations and LLC's, I find that odd. He could have been working as a single proprietorship, in which case I would have missed it. In any case, with Breitling Oil and Gas researching and innovating and drilling thousands of fracked wells, there should be a corporation associated with it. I probably missed it so if anyone can help...

I did find a Breitling Oil and Gas that did not appear to be a corporation. Here is its office, best I can tell

https://www.corporationwiki.com/Texas/Dallas/4044-Pringle-Dr-Dallas-TX-75212-a46941578.aspx

Breitling Oil and Gas, LLC:

FILING HISTORY : 
 Document Number Filing Type Filing Date 
 2063640002 Articles of Organization October 15, 2004 
 4720217732 Terminated March 14, 2006 
 13357880004 Reinstatement November 23, 2009 
 15091400002 Articles of Amendment July 20, 2010 
 15929430049 Terminated December 15, 2010 
 16100120002 Reinstatement January 13, 2011 
 18211510084 Terminated December 15, 2011 
 22234390002 Reinstatement July 11, 2013 
 23330480008 Terminated December 15, 2013 
 24014350002 Reinstatement March 11, 2014 
 25482410002 Change of Registered Agent and/or Office and/or Principal OfficeSeptember 24, 2014 
 25716820002 Annual Certificates October 14, 2014 
 29092530047 Terminated December 15, 2015 
 NAMES INFORMATION 
 Name Name TypeName Status Creation Date 
 BREITLING OIL AND GAS LLC Legal Inactive December 15, 2015 
 SOUTHWEST ENERGY EXPLORATION, LLCLegal Inactive December 15, 2015 
 

[FM II]

I am sure it is no big deal, but it seems that BECC has forfeited the right to do business in Texas.

[FM II]

I don't understand. It has exactly the same name as Patriot Energy, why do you think it is a different company. The only evidence you presented that the Oklahoma LLC was the same as the Texas Corporation is a listing of there names.

Is there more to the story? Specifically, how do you know Breitling Oil and Gas, LLC is the same company as Breitling Oil and Gas, Inc. Is is that the ownership is the same? Is it that the management is the same? Or is it arbitrary judgment on your part.

I have always known CF was in the oil business in 2004 and I said so before you started this strange tirade, but since I was talking about lack of innovation rather than some bizarre argument about when Breitling started, I really didn't describe his history.

So let me get as technical and nit-picky as you. Tell us why Breitling Oil and Gas, LLC and Breitling Oil and Gas, Inc. are the same company? Clearly you think we can't go by name.