North American Drilling Corp.
Complaint 16626 Details
- Date Occurred: 08/30/2013
- Reported Damages: $105,000.00
The complaint is against an online dating profile
The complaint is a listing fraud posted on public forums or sites against an anonymous entity
The complaint is mobile text spam or smishing related against an anonymous entity
The company or person contact no longer exists
International boundaries
I started investing in North American Drilling Company located in Plano, TX. The phone calls I received said that they could produce an oil well in 30 days and I would be receiving revenue checks withing 45 days of my investment. I have invested $105,000 in 5 wells. All of them produced no oil that was sellable. Over the two years I would get voice and emails congraulating me on a each well and it would be a very productive one however it turned out to be a non commerical well. One email said in bold letters, "We Have An OIL Well". I have fould out thru top people in the company that have called me and told me that North American Drilling Corp. is a scam. As of this date I have not had any return on my investments and NADC has not sold a drop of oil.
- Kennon SBID #b6baf9e260
- Posted 08/30/2013
Comments
- Kennon SBID #N/A
- Posted 09/09/2013
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The complant concerning North American Drilling Corp. was not posted by me and is false. I believe that someone that was fired from North American Drilling Corp. posted it. Please do not believe it. I have tried to remove it but Scambook sent me a email telling me that they could not remove that I should let you know that the post is only trying to get back at North American Drilling and it is not approved by me so please do not believe it.
Kennon -
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- Klien SBID #886f566110
- Posted 12/09/2013
- Dry holes or non-commercial wells are part of the risk involved and people must be prepared for a loss while hoping for a gain. I have been investing in oil wells for 15 years and have seen both good and bad over the years, but have been lucky with this company, they have performed well, treated me right, and I trust them. I would highly recommend them to anyone looking for an established oil and gas well drilling and exploration company, these guys are the real deal and shouldn't be listed here....
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- Storm SBID #b93b2a1e85
- Posted 09/16/2014
- Larry Koonce has made a career of scamming investors. He has a long line of bankrupted companies and long list of Securities Fraud violations. Now he is scamming investors with bankrupt leases, fraudulent supposed Geologist reports and assessment charges. Do not enable Larry Koonce and Gayle Wimberly to continue there bogus business practices go to the Texas Railroad Commission cross reference the wells they have drilled and the zero production they have produced do your homework. Refuse to scammed and if you have been scammed report these two to the authorities to take action.
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- Wes SBID #0beb4ddd8e
- Posted 09/08/2015
- Larry Koonce is a scam artist at NADC. He pushes salesmen to sell using shady tactics, over hyped/ over estimated projected production data to lure investors and their big money. If oil is found, payout benefits everyone but the investor. Not one investor has made a profit and has had their initial capital returned to them. Production data from the Texas Rail Road Commission verifies this fact. Do not give that clown any money. You will never see it again.
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Company Statistics
- Complaint Against North American Drilling Corp.
- Complaints Filed: 2
- Reported Damages: $163,000.00
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