My friend wants to invest in the oil exploration and production business in the US, and wants to know what is the procedure to get involved in and where to get the information of where is oil reserve for sail or where is to license the land for exploration.
2006-06-14 16:04:34 · 2 answers · asked by Wenhai H 1 in Business & Finance ➔ Investing
A few good "Prospectors" invite investors. Check the phone book, you're looking for "Oil and Gas Exploration". Here in Texas and Oklahoma there are hundreds to chose from. Look at their proformance and their upcoming projects.
Do the math, don't let them sell you 100% of the risk for 10% of the NET profits.
-OR-
Buy stock in the market, personally my favorite choice.
2006-06-14 16:17:01 · answer #1 · answered by sunnykinyo 1 · 0⤊ 0⤋
if you can't afford a spelling checker you can't afford to invest in oil exploration!
2006-06-14 23:09:38 · answer #2 · answered by Pobept 6 · 0⤊ 0⤋