Replies to post #3913 on Breitling Energy Corp fka BECC

[reaper247]

LOL, FM 11,

Not even in the most liberal interpretation of the word “report,” would a few sentences, posted anonymously on a message board, actually qualify as a report.

There is no way for anyone to verify or contradict one way or another, a single poster’s brief account of the current situation for a direct investor in any given prospect (I certainly believe the word “account” better describes the post than “report.”)

As it happens, I believe his statements to be true.

Institutional and accredited investors pay good money to participate in direct investments like oil and gas. Some wells have yet to be put into production and I can certainly understand that frustration.

It doesn’t mean that you can assume that Faulkner sold $8M in royalty interests in a well that would cost $3.5M to complete (your numbers.) There is no way to know how many royalty interests were sold at what price, or what rights and conditions apply. It is not public information.

It’s the same reason why that I cant provide proof of my statement of potential income from offsets from the initial well.

Investing in an oil and gas prospect under certain agreements, would entitle direct investors to revenue from offsets. There are certainly prospects out there that incorporate several oil and gas wells, rather than just a single well.

That is my problem with the whole debate regarding direct investors.

If some idiot blogger claims that Faulkner was dumping shares, or giving them away to BOD appointees, I can direct people to SEC disclosure statements so they can see for themselves it is not true. I am not asking anyone to take my word for it.

There are not enough “picante sauce” jokes that can change that fact.

If someone claims that Faulkner oversold an oil and gas prospect, there is no way to resolve that debate. None of that information is available.

Lets test my theory.

Can you tell me how many royalty interest percentages were sold on any given prospect?

If not, how you can pretend to know the amount of capital raised through private equity funding?

TIA, IMO and FWIW.