Breitling Energy Corp fka BECC

[FM II]

Often times, people confuse paperwork with action. A permit can be seen as a sign of development. Someone might think registering an LLC establishes a functioning exploration company. It is much the same as thinking purchased radio time or awards or photographs or appearances on television establish a track record of finding commercial oil.

At the same time other people get confused about testing for performance and start acting as if inability to prove something false means it is true and inability to prove something true means it is false. All this dependent on a pre-conceived wish.

Let's say you are looking for an oil company that is going to fail because you have a need to lose some money. If you randomly pick an oil company, but limit the choice to only corporations who don't file required reports and where it is extremely difficult to verify their track record, you have very little chance of picking a successful company. But make sure they have no independent board members and no independent auditors. Check to make sure they have a bunch of default judgements against them because their lawyers quit. Also, check to make sure their exploration strategy is to drill in depleted areas.