Scammers Are Exposed On This Site


Wednesday 15 April 2015

Price declines can affect companies’ proved reserves (4/15/2015)

According to annual reports for 75 global oil and natural gas companies, oil proved reserve additions totaled 10.4 billion barrels in 2014, the lowest since 2010 (Figure 1). Reported finding and lifting costs for these companies continued to rise. Benchmark prices averaged across the first trading day of the 12 months of 2014, which are used in characterizing existing economic conditions in the oil market for purposes of reporting proved reserves, were only slightly below their 2013 level despite the sharp decline in oil prices towards the end of last year. For 2015, the prices used for assessing proved reserves are forecast to be much lower. ... More »
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The Stages Of A Scam

1. Foundation Work: This is the preparations which are made before the scam is put in motion, including the elaboration of the plan, the employment of assistants and so forth.

2. Approach: Is the manner of getting in touch with the scammers victim — often most elaborately and carefully prepared.

3. Build Up: Rousing and sustaining the interest of the victim, rousing his emotions, showing him the chance of profit and filling him so full of anticipation and cupidity that his judgment is warped and his caution thrown away.

4. Pay-off or Convincer: An actual or apparent paying of money by the conspirators to convince the victim and settle doubts by a cash demonstration.

5. The Hurrah: This is like the dénouement in a play and no scam or con scheme is complete without it. It is a sudden crisis or unexpected development by which the victim is pushed over the last doubt or obstacle and forced to act. Once the hurrah is sprung the victim is clay in the scammer's hands or there is no game.

6. The In-and-In: This is the point in a scam act where the conspirator may put some of his money into the deal with that of the victim; first, to remove the last doubt that may tarry in the gull's mind.