As I said in my previous post, it's O.K. if you don't know about the oil business. Having someone who doesn't know what they are talking about telling me I can't estimate future production is mildly annoying, but whatever.
I will also say what I have said for decades, a layman should not invest in the oil business, it almost never works out unless it is with a friend of yours. If one wants to invest in energy, go for Exxon or Chevron or some other major.
If you want to just roll the dice, there are people who made money off Enron, Chesapeake, Halcon, Goodrich, Continental. Just start randomly picking oil companies and go for it. BECC just happens to be one of those companies, among thousands, that didn't work out.