ED Magedson – Founder
Clementsville Oil & GasInternet, Kentucky USA
Clementsville Oil & Gas Scam "Investment" Real company by this name has been out of business since 1989 Internet Kentucky
On 5/13/13, This ad was posted on Craigslist:
Commissions can really add up here (50-100K+). . ..this is one of those Oil & Gas programs that comes along once in a blue moon
Make $15/hr + Commissions + Daily Cash Bonuses
We have the Leads, Dialer System & TOP notch closer to back you up
Our office is in Irvine, but our automated Dialer System allows you to work from your home office -- Must have a computer
Work 4/hrs per day, 5 days per week
Have phone experience cold calling investors, oil & gas experience = big plus
REAL PHONE PEOPLE ONLY. . . NO BABYSITTING
The company sent me this script:
Hi (Client Name), this is (Your Name), I’m a compliance officer of Clementsville Oil And Gas Leasing in Kentucky. The last time one of our men spoke with you about an investment, you were not in a position to take advantage of at the time, but you had mentioned that if we had a smaller oil and gas investment with very little risk and that was already producing an income stream, to give you a call.
That’s the reason for my call today!!!
What we have here (Client Name), is one of those Oil & Gas Opportunities that truly comes along once in a blue moon
It is NOT a drilling program, we are already in production
And it’s NOT front end loaded. You see (Client Name), we can drill a well for $35-40,000, which most people promote for $250-300,000. We do NOT promote our wells, plus we pay 60% royalties to investors
This is NOT a private placement or a limited partnership, you go on the lease title, which is notarized, filed with the state & which you are given a copy of. So the clients are actual owners in the wells.
And you can get in for anywhere from $2,500 to $85,000, wherever’s comfortable for you. So this allows you to do a small initial buy-in, to test the waters & see how we perform.
We start paying out Royalty checks in 90-120 days. If you get in right now, you’ll have your first Royalty check in August
By the way (name), this is not a solicitation, this is an invitation to participate in an Oil & Gas income producing opportunity
So if you interested in producing monthly income, from a solid oil & gas lease program,
I’d like to put our information in front of you
What is your email address (Name) & we WILL NOT share it with anyone (shut up)
Any customer questions…I’ll have a senior representative call you back to have ALL your questions answered. What is the best time to reach you (Name)?
Thank you for your time (Name), Good bye
They told me on the phone wells were currently producing in Kentucky.
According to the Kentucky Secretary of State's website the company has been out of business since 1989:
|Name||CLEMENTSVILLE OIL AND GAS, INC.|
|Profit or Non-Profit||P - Profit|
|Company Type||KCO - Kentucky Corporation|
|Status||I - Inactive|
|Standing||B - Bad|
|Last Annual Report||5/17/1988|
|Principal Office||RT. 8, CLEMENTSVILLE RD. |
LIBERTY, KY 42539
|Registered Agent||HOWARD MOON |
RT. 8, CLEMENTSVILLE RD.
LIBERTY, KY 42539
|Documents filed with the Office of the Secretary of State on September 15, 2004 or thereafter are available as scanned images or PDF documents. Documents filed prior to September 15, 2004 will become available as the images are created.|
|Administrative Dissolution Return||11/10/1989||2 pages||tiff|
|Administrative Dissolution||11/10/1989||1 page||tiff|
|Sixty Day Notice Return||9/1/1989||2 pages||tiff|
DO NOT SEND THEM YOUR MONEY. IT IS A TOTAL SCAM.
This report was posted on Ripoff Report on 05/17/2013 05:55 PM and is a permanent record located here: http://www.ripoffreport.com/reports/clementsville-oil-gas/internet-kentucky/clementsville-oil-gas-scam-investment-real-company-by-this-name-has-been-out-of-busi-1051816. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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