jpo33,
For some time now, I have been discussing my belief that BECC has exaggerated its expertise and the extent of its experience in the industry. I have tried to keep my posts based firmly on fact including demonstrating the unusual lack of information. Information from direct investors has been extremely limited.
Without providing any information that is proprietary or subject to confidentiality, could you send me information on your experiences? A description of your experiences with them, any promotional material that they sent you, an overview of how you came to invest with them, any estimates of recovery, that sort of thing. Information that you received after agreeing to participate or after signing a confidentiality agreement or anything that they said was confidential SHOULD NOT be revealed.
If you wish to contact me by email, please send it to BreitlingEnergyNews@outlook.com.
You said you were foolish. I suspect maybe not. I have said for over 30 years that laymen should not invest in oil and gas. Investing in Exxon or Chevron is OK, otherwise one's chances of getting skinned are far too high.
I have met oilmen who styled deals so that they actually made less money than outside investors. If you are close friends of someone like that, go for it. Otherwise, stay away.
During the eighties, small drilling funds were popular because people wanted to get into the booming oil business. I saw terms of drilling funds that guaranteed the investor would lose money and they were perfectly legal!
