Gulf Coast Western — oil investments
I am an investor in Buda #4, a oil partnership with Gulf Coast Western. I have read all the complains from other investors with this company. I am in full agreement. If you are a partner in the budda venture, you will notice that they are giving us a choice. Drill, as per the contract we signed, or some other stupid and non-sense option. Please look carefully at the option. The wells are located in East Texas, where most of the wells are shallow, old, and "petering out" They want to rework some of these wells, not deeper than 3, 700 ft. and then they want to drill a salt water recovery well and charge well owners around the area to "dump their salt water into this well. PLEASE LOOK CAREFULLY AT THE WORDING, THESE PEOPLE ARE LIMITED THEIR, (OURS) INVESTMENT TO $500, 000. WHAT THE HELL DOES THAT MEAN? IT MEANS NOTHING! HOW ARE WE TO KNOW WHEN THE $500, 00 IS REACHED AND WHAT HAPPENS AFTER THAT? THEY WOULD WANT MORE MONEY FROM YOU AND ME. If you are in budda 4 or 5, PLEASE, DON'T BE STUPID. MAKE THEM DRILL THE DAMM WELL, AT LEAST THERE MAY BE A CHANCE OF A OIL IT. DO NOT VOTE FOR THE OTHER OPTION... DO NOT GIVE THESE PEOPLE AN OPENING TO FRAUDULY TAKE ANY MORE OF YOUR MONEY.