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Company: Cypress Drilling LLC, Cypress Production
Inc., CEO Michael Morris, Texas. Drilling company.
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From private investor to other private investors 2/2012
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Our Investments experience
• Several European investors (Pylon) invested in different limited
partnerships from 2008 on in drilling holes operated by Cypress
Drilling LLC (oil and gas).
• Results after 2-3 years of drilling more than 10 holes: negative
yields: minus 90-95 %. (worst cases)
• Mostly dry holes and uneconomical holes
• cheaper holes/more economic holes could be bought on the second-hand
market instead of investing-drilling first-hand with Cypress.
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Other aspects
1) no or scarce reporting for over a year
2) unanswered emails
3) no concept for restructuring (had to be done by the investors themselves and
then under pressure finally with the help of American legal attorneys)
4) no taking part in the restructuring financially or taking resposibility by
Cypress Drilling |
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