Steve Ziemke Gulf Coast Reviews: His Scam Story Exposed His Truth.
The following is a collection of Steve Ziemke Gulf Coast reviews you must read before doing business with him. It will help you determine why you must avoid him:
Steve Ziemke has worked in the oil and gas sector for almost 20 years, the majority of which he has spent at Gulf Coast Western of Dallas, TX, where he currently works as a Senior Vice President.
As a corporate sales manager, Steve Ziemke Gulf Coast claimed to offer customers places in oil and gas alliances that may create monthly revenue and provide aggressive tax benefits.
Steve Ziemke Gulf Coast Western: What do they claim to be?
Steve Ziemke Gulf Coast Western claims that it focuses on the discovery, development, and ownership of domestic oil and gas reserves, especially along the United States Gulf Coast.
Since 1970, our approach has remained consistent: leverage our broad manufacturing networks and collaborative relationships to identify possibilities for better oil and gas potential clients and properties that offer substantial profit potential with quantifiable risk of downside for our taking part Partners.
Steve Ziemke Gulf Coast Western Reviews: Scams Exposed by Clients & Victims
Let us discuss this company’s reviews, which will shed light on its development and performance.
#1. The review of A-Team of Boston, US
According to the aforementioned review, Steve Ziemke Gulf Coast contacted the A-Team around a year ago, shortly after he and his wife became “accredited investors” and made their initial investment with a business that specialized in Self-directed IRAs.
He recalls Steve Ziemke Gulf Coast asking him if he just acquired an inheritance and that was how he was authorized. He couldn’t recall the name of the initial drilling project that interested him to invest in, but the first well for which he has the USB Drive is Three Berries, which he disclosed to him that day is still not even drilled because the firm was acquired, causing the work to be delayed.
Despite being estimated at a $75/barrel rate, that one had a greater ROI (50%). Three Truths is the one he was about to pay for. He decided not to invest in oil at this time after reviewing the above facts as well as GlassDoor feedback from staff members.
Even though $115 per barrel sounds great, even the fine reports here show that major investors are merely hoping to break even. The Three Truths He just found out from Steve Ziemke Gulf Coast that he has eight total wells, just three of which are held by the JV he was preparing to participate in. The remaining five are held by the GCW principles.
What is the definition of fraud as a crime?
Fraud is punishable by jail or a fine. A fraud conviction could result in a sentence of up to three years in jail. The maximum prison term for a more serious fraud, such as one committed against an agency of the government, is six years.
He avoided the subject by asking how they would distinguish which ones are held by us and which are controlled by the principles. If this is to be fair, the eight should be chosen at random and their heads repainted the color of their owners (before measuring head pressure).
The diagram only shows three leaders controlled by us and five by the values. That is, the finest five holes go to the principals, while the dry holes are owned by the JV. Unless the JV stipulated differently, that is the only way that a company would do it.
In other words, JV officials would have to be present throughout the drilling process to guarantee that the random choice of wells was followed and that the principals were not just handed the five best wells based on head level after the two miles of pipe was built.
He is unsure whether this is stated in the DD documents, but based on the lack of a response today on the phone, he must presume that the best of the eight wells will go to the principals, leaving the dry holes and poor-performing wells to the JV.
If there is no explicit language to the contrary, that is the path they had to take to correctly reflect the ideas, to which individuals they owe the first fiduciary responsibility.
He had to explain that it was only his fear, based on the horrific stories he had just read. Everything he has written is true and faithful to his memory and contemporaneous, comprehensive notes of my conversations with Steve Ziemke concerning oil in Weld County, CO during the last year or so.
#2. Steve Ziemke Gulf Coast Western is a fraud and scam
According to the customer’s statement above, this company is a hoax. Please flee this organization. They utilize the same falsehoods and tactics to catch you, then encounter problems and return for more money. The trend is continuing.
A lawsuit should be filed against them for deceiving their investors while living high on the hog. The worst choice I’ve ever made. Matthew Fleger should be embarrassed about what he has done. No moral or ethical person would act in the manner that his company has.
#3. Fraudulently taking Money
They invested in Budda #4, an oil venture with Gulf Coast Western, according to the preceding quote. He has reviewed all of the objections made by other shareholders in this company.
He agreed wholeheartedly. If you are a Budda partner, you will note that they are providing us with a choice.
Please read the fine print; these guys are limiting their (our) investment to $500,000. What does that even mean? It has no meaning! How will we know when the $500,00 mark is reached, and what happens next? They’d like more money from all of us.
Please don’t be fooled if you’re in Budda 4 or 5. Make them drill the darn well; at the least, they might be able to grease it. Do not vote for the alternative option; do not give these people another chance to steal your money.
Conclusion
We conclude from our investigation of Steve Ziemke Gulf Coast that he and his company are involved in fraud and scams. As indicated by the review rate, which is listed below:
