Gulf Coast Western

Great sales force. Nice people, but it is difficult to make money in the oil business. Tax deductions are often the only benefit for minority partners. This company is no different. One big problem I have is that they do not have audited financial statements which makes it impossible to know for sure if I am truly getting my share of the revenue. Also, I have realized that the typical investment prospectus confuses return ON the investment with return OF the investment. I will consider myself very fortunate to get my money back over the life of the oil well investment.