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How does that stock look?
They do not own 100% in Lucy or Mina.
Louisiana wells have an operation code of 10. Which says shut in.
Zero Production per Sonris on Lucy Lee and Mina Travis
The same operator couldn't produce oil before... same wells and same operators... same results.... In my opinion, History is repeating itself. Look through posts at Hull... LHPT... Always a couple of weeks from producing... potential big JV... same story...no oil. Same guys... no oil... in my opinion....
The wells that are being marketed are the same ones that were being marketed by Hull, LHPT, Home Creek Energy, Cow Path Energy, TF&B oil, never any sustained oil production..... what is the definition of insanity?......
Shell game that has failed to produce any significant oil in two years.... In my opinon. Same guys same names same results....same wells...
Anthony Maye in on PDGO Website replying to investors. Google Anthony Maye Oil PDGO. Under the article "production blitz" ***Beware** in my opinion.
That new location puts the new headquarters in the vicinity of Craig Wallin and Antoinette Spradlin who sold a portion of their Interest in Lucy Lee and Mina Travis to LHPT and Home Creek Energy. Do your research and look up Hull Energy with Cow Path. Cow Path went under. Also, those wells in LA are still under HCE or is it Plateau Energy?? I am boggled as to why these people keep changing the names and locations but market the same wells.... it is perplexing......
These "oil men" are now running a Vineyard --- Or the "operator" is....
http://www.bizapedia.com/tx/BERRY-VINEYARDS-LLC.html
BERRY VINEYARDS LLC
Still no oil huh? Shocking.... What about the backlog on pipes to run downhole for Lucy and Mina?? No new Production numbers on any wells? These guys only produce changeover, lawsuits and BS in my opinion. See what happened at Hull Energy look back to roughly 10 Nov 2012 on JY-1.... Look Familiar? How is the LHPT roommate HCE Operating? Any production? In Louisiana, they haven't produced any oil in close to 12 months... Just my two cents.
LHPT does not operate these wells. They only own working interest and less than 50% WI. They are still operated by HCE (Anthony Maye) according to state records. Thus, the CEO has little to no say as to what happens at the wells. Check LHPT operating license on Texas Railroad Commission.
Caveat Emptor
All investors should understand all what is going on with companies like Paragon Oil and Gas, LHPT, HCE Operating, Home Creek Energy, Cow Path Energy, Hull Energy, T, F and B Oil, GMUI..etc. These individuals that operate these companies sell interest in wells to individual investors and then never have any production that is of any substance. The same names and the same themes are used in all these “investment opportunities” (Anthony Maye, Todd Violette, Craig Wallin, Antoinette Spradlin, Curtis Berry, Joey Lenox, Lobdell Percy Brown…) Beware of these individuals.
When they are uncovered, there is a merger, buyout, reverse merger or complete bankruptcy. It is the same story over and over.
Please be aware that they never actually produce anything but progress reports and sensational news.
You may ask on these boards for a response from leadership, but they will give platitudes and constant stories of problems with production. They will not give a straight answer and sidestep the truth. Even when they say “that person is no longer affiliated with the company”, that may be true on paper but not in reality.
Use SONRIS – Louisiana production reporting Database, The Texas RRC databases, or any state that they say that they have “opportunities” for research. See who is the operator, see what historical production is, ensure that the work is being done.
There is capital from people buying working interest in wells and then repromoting them over and over again.
Caveat Emptor
All investors should understand all what is going on with companies like Paragon Oil and Gas, LHPT, HCE Operating, Home Creek Energy, Cow Path Energy, Hull Energy, T, F and B Oil, GMUI..etc. These individuals that operate these companies sell interest in wells to individual investors and then never have any production that is of any substance. The same names and the same themes are used in all these “investment opportunities” (Anthony Maye, Todd Violette, Craig Wallin, Antoinette Spradlin, Curtis Berry, Joey Lenox, Lobdell Percy Brown…) Beware of these individuals even when the dismiss their affiliation with any of these people.
Why are these companies consistantly changing hands and have lawsuits against them and their key players? Why are there always fraud problems or mismanagement problems?
When they are uncovered, there is a merger, buyout, reverse merger or complete bankruptcy. It is the same story over and over.
Please be aware that they never actually produce anything but progress reports and sensational news.
You may ask on these boards for a response from leadership, but they will give platitudes and constant stories of problems with production. They will not give a straight answer and sidestep the truth. Even when they say “that person is no longer affiliated with the company”, that may be true on paper but not in reality.
Use SONRIS – Louisiana production reporting Database, The Texas RRC databases, or any state that they say that they have “opportunities” for research. See who is the operator, see what historical production is, ensure that the work is being done.
The rig showed up but they didn't install the pump low enough and the pump won't run all day (didn't use a standard lift pump). Now they are waiting for over a month to get rods out there (not a normal waiting time for oil operations). They just keep kicking the can down the road and have never shown any production (Texas or Louisiana) in years.
Additionally, they have the pumps running on propane which eats large amounts profit from any sale. The operating costs and Royalty Interest payments will outweigh any profit. (IMO)
They are all still affiliated no matter what they may say (Hull, Cow Path, Home Creek Energy, HCE, LHPT.....). They just keep changing companies.. But no production.
I spoke to Lease owner and she told me there has been no production/ oil sales in over a year.
What happened with Anthony Maye? According to HCE Operating Website he is still running the wells...
http://hceoperating.com/category/operations/louisiana/
Lucy Lee and Mina Travis have no production. Please look at official reporting on Louisiana SONRIS.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=227109 (State production for Lucy Lee)
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=227762 (State production for Mina Travis)
I have been to the lease and they aren't producing.
You should also look at the production for LHPT and HCE in Texas (7B). You would notice that there is little to no production that could sustain a company after lease owners are paid and other investors are paid.