If you want to throw money away invest in Larry Koonce, NORTH AMERICAN DRILLING I have invested 30k ,I have proof taking from his web site stating that the brazelton 2a well is producing have not received a dime all i receive is a bill stating they want more money . DO NOT INVEST WITH THIS COMPANY TOTAL SCAM!!!!
There is no return on investment , nor is there a return of investment. And there is little to no oil production and even less selling of oil. Koonce overhyped and overestimated production totals of the oil/gas projects to investors, that alone is misleading. N.A.D.C. is just a shady operation, Investors are out of big money and basically have been screwed over.
Owning an Oil Company, A good friend asked if I would review a prospectus he recieved from North American Drilling Company. Within 30 minutes of review I was absolutley disgusted. Further review of his previous wells made me even sicker. According to the w2's (completions reports) filed with the Texas RRC he never even used a sand frack in the majority of his wells, just merely perf'd and that is it. Had he done a sand frac several wells would have had profitable production if the total cost wasnt so high. All but two wells in my opinion were geological suicide and should have never been drilled in the first place. All of the wells I reviewed would have cost me no more than $450k each to drill. This is in my opinion a complete scam and he should be thrown in prison. Stay away from Larry Koonce regardless of companies he may work for. Larry, I imagine you probably will read this. I for one am not a "former disgruntled employee".
You are a complete and utter laughing stock of the industry and before I am done you will not be able to find one service company to do your oilfield services to ensure we as an industry dont look bad for bad apples such as yourself. But by all means, try to get in a pissing match with me if you wish...
North American Drilling Corporation Reviews
TOTAL SCAM
If you want to throw money away invest in Larry Koonce, NORTH AMERICAN DRILLING I have invested 30k ,I have proof taking from his web site stating that the brazelton 2a well is producing have not received a dime all i receive is a bill stating they want more money . DO NOT INVEST WITH THIS COMPANY TOTAL SCAM!!!!
Avoid NADC
There is no return on investment , nor is there a return of investment. And there is little to no oil production and even less selling of oil. Koonce overhyped and overestimated production totals of the oil/gas projects to investors, that alone is misleading. N.A.D.C. is just a shady operation, Investors are out of big money and basically have been screwed over.
Owning an Oil Company, A good friend asked if I would review a prospectus he recieved from North American Drilling Company. Within 30 minutes of review I was absolutley disgusted. Further review of his previous wells made me even sicker. According to the w2's (completions reports) filed with the Texas RRC he never even used a sand frack in the majority of his wells, just merely perf'd and that is it. Had he done a sand frac several wells would have had profitable production if the total cost wasnt so high. All but two wells in my opinion were geological suicide and should have never been drilled in the first place. All of the wells I reviewed would have cost me no more than $450k each to drill. This is in my opinion a complete scam and he should be thrown in prison. Stay away from Larry Koonce regardless of companies he may work for. Larry, I imagine you probably will read this. I for one am not a "former disgruntled employee".
You are a complete and utter laughing stock of the industry and before I am done you will not be able to find one service company to do your oilfield services to ensure we as an industry dont look bad for bad apples such as yourself. But by all means, try to get in a pissing match with me if you wish...