Well...I took pictures and videos of Brian with the wells so as NOT to deceive. I think they were all really Sigma's wells.
I think the problem is that they didn't produce much and the price of oil plummeted.
There are many guys around iHub that know the oil business inside and out. They will tell you that there are many many people that get a notion to start an oil business and think it'll be easy. All ya gotta do is lease a few wells and let the passive residual income start rolling in...right? Wrong. From what these guys have told me there are many many things that can go wrong and it is certainly not as easy as some would make it appear. It is my belief that's probably what happened here. Brian wanted to bring some legitimate value to the company but ultimately it was very short-lived value. Production factors and economy factors were too much to overcome. That and the fact that SGGC was a dirty shell with all kinds of paper behind every nook and cranny didn't help matters either IMO.
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