Replies to post #15537 on Superior Oil &Gas Company (fka SIOR)

[JRT]

I just got off the phone with a Gusher member who put money in all 4 wells. She stated she has never gotten a check from the first 2 wells in spite of signing the Division Orders. She has talked to PP and a couple of others at SOG with no results. I provided her a place to start at Devon. In talking to her it appears cost over runs have eaten up the production. She is not happy at all. It is a shame that SOG can not help their partners in this venture.

[Traderfan]

The thing that makes me curious is the fact that it appears that big shareholders who are also part of the gusher team remain strangely silent lately and don't state a bad word about all of this despite that we still have no concrete schedule as far as the relisting is concerned. One thing is clear for me. If we don't get a relisting and nobody of the big stockholders file some legal action against these guys, then I can only assume that something goes on behind the curtain for the big boys if you get my drift.

I know what I would do if I held 5 or 8 or 10 million shares here and if they try to screw the common shareholders. I would make sure that these guys would be more time in court rooms than anywhere else in the next 10 years.

[jakane]

I heard about the opportunity from a friend of a friend. I found the SIOR board via Google. I've been lurking and learning and doing DD for the past year.

What's curious? My comments are directed only at Gushers, not SIOR. I replied to your post because you called Gushers a scam. I assure you it is not a scam. It has been lots of other things, many of them frustrating, but the Gushers investment has bought me a working interest in 4 different wells, all of which are producing.

The June and July Devon checks from 12 and 13 mostly went to covering the JIB costs, which include overruns and operating expenses for all 4 wells, dating back to October 2013. If you didn't pay your monthly JIB costs, then Devon of course will net those costs out of your revenues. Some of the biggest overruns were in 23, which required some reworking, so if half of your holdings are in 23, it may take longer to clear the JIB account before revenue checks arrive.

None of these overruns have anything to do with Superior. This is normal oil and gas drilling and production stuff. Sure it's frustrating to have overruns, but there are no guarantees in this business. Lots of risk, and hopefully some reward.