• Report: #882108
Complaint Review:

new hi-tech oil & gas discoveries llc

  • Submitted: Sun, May 13, 2012
  • Updated: Thu, June 21, 2012

  • Reported By: edward — sna jose California United States of America
new hi-tech oil & gas discoveries llc
476 palmar ave san jose ca san jose, California United States of America

new hi-tech oil & gas discoveries llc dennis stutes How many times is this guy going to rip people off san jose, California

*REBUTTAL Individual responds: San Jose Anonymous Poster is Making Slanderous, False Statements

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This guy has ripped off countless investors. Was in Oklahoma. Stole millions of dollars. Has suits pending against him. Uses his military backround for credibility. Fact is he uses investor money to use to buy parts for his plane. Never pays out what he says. He was chased out of Oklahoma and now is ripping off people in North Dakota.

Stay far away from this joker. Has changed his company named like most people change underware. Do not get ripped off. If you deal with this guy you will.Hundreds already have. BEWARE!!!!!

This report was posted on Ripoff Report on 05/13/2012 01:12 PM and is a permanent record located here: http://www.ripoffreport.com/reports/new-hi-tech-oil-gas-discoveries-llc/san-jose-california-/new-hi-tech-oil-gas-discoveries-llc-dennis-stutes-how-many-times-is-this-guy-going-to-r-882108. 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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#1 REBUTTAL Individual responds

San Jose Anonymous Poster is Making Slanderous, False Statements

AUTHOR: Dennis W. Stutes - (USA)

June 21, 2012

The San Jose Anonymous Post is total crap. Keep at it buddy! All statements made by this cretin are false, and therefore unsupportable, and cannot be proved with facts, court cases, or testimony by any competent offical, authority, sumpreme court judge, or person who knows me in Oklahoma. My Operators severalty bond, and license is current with the Oklahoma Corporation Commission (OCC), as are my two active LLC's, with appropriate Federal EIN Numbers, and all companies are in good standing. Court cases involve felony thefts of TOG, Elco Oil, and Cutting Edge Technolgies, LLC property and have been reported to the FBI in Oklahoma City, Tulsa County, and Okmulgee County, Oklahoma. These alleged crimes are listed in my lawsuit against Synergy Oil, LLC, Tony Pistilli, Robert Falco, Jimmy Witcraft, Rainbow Oil & Gas, Eric Stall, Atty., and Bill Elder, and John (Jake) Stewart, AKA 'Jake the Snake'. Yes, I'm a universtiy graduate, and served with honor in Viet Nam, and S.E.A. for 27 months, along with my Dad, and I'm proud of it. What did this malacious and low born gutter snipe of an anonymeous poster ever do?

Operators of Oil & Gas Leases are in the Hot Seat and have the Most Responsibility & Exposure in the Oil & Gas Industry Today.

Unless you own and manage a US trading public company subject to many Federal reporting requirements, are an Operator of a public company; or are legally raising funds for oil & gas Operators, or are directly involved with the day to day developmental operations, such as a private Operator is when acting as the authority with a required Surety Bond or financial statement accepted by the state authorities who are tasked with managing oil & gas assets; your rights to raise private funds, or your funding options are limited.

Small private Operators drilling new wells with funding by small and private promotion companies rely on equity capital funded from these often inexperienced or as more often than not the case inexperienced and unprofessional promoters who represent private investors or angel investors. Worse, remember, an Operator is committing resources, letting contracts, and trying to meet financial obligations when the funding promoters fail to perform, because they change names, or addresses, and simply leave town, and disappearthese end result problems become the basis for investor complaints. The Operator is then left holding the bag, and often bears the brunt of the investor dissatisfaction. Consumer complaints continue, and the promoter and the Operator now have to respond and deal with the lack of money which is almost always attributed to illegal actions by the
promoter, funding manager, or the Operator. If you dont find oil, no one is happy except for the promoter who took 30-50% or most and sometimes all of the funds raised. The dishonorable promoter then skips town, or can no longer be reached. The Operator is then left holding the bag and to account to investor it may not even know.

Venture capitalists are not the typical sources for funding when starting a new company, or forming an LLC for the purposes of funding a new oil company. They wait until the company is successfully producing oil, and making a profit in most cases.

Most small and non-public company Operators have great difficulty raising funds or knowing how to raise funds since their responsibilities to manage their leases, and oil  & gas wells take all of their time. Operators must report and account to Federal,
State, and local government agencies like the EPA, OCC, OSHA, National Wild Life Refuge, etc., and the Employment Securities Divisions, as in Oklahoma, and other agencies not to mention creditors with legitimate invoices or not; plus Operators must file bonds for plugging liabilities, and to require as the one responsible party in the oil field management scheme of operations in the US. (H**l, I dont know why anyone would want this job).

You are only as good as your last picture show in the oil & gas business when you operate wells in a given field or private deal; or as a bonded & licensed Operator in all oil states in the US. Private placement offerings legally enable funding agents, sponsors and issuers, and managers of limited liability companies (LLCs), to use the individual limited liability companies that must in a perfect world adhere to Federal and state securities laws to raise money. The process is determined by attorneys, and
based on laws on the books, and whether updated for the current times, or not. Bottom-line, when the confidence and trust of the investors is lost, the finger pointing begins, and does not end until the lawyers get their money, and the judges rule.

Some ideas you may want to consider when dealing with anyone asking for your money. Avoid people in the oil industry who frequently change or disconnect email addresses or phone numbers, without updating you, or their names, work addresses, and/or who dont call you back in a timely fashion after you call them with their REAL NAMES.

Anyone asking for money should be willing to meet with you at their offices, or field locations, or have representatives who will meet with you with reasonable notice.

Finally, if you get reasonable, and sensible news by an Operator, or manager of limited liability companies while reporting proof of
dry holes, non-commercial wells, or worse felony thefts or destruction of oil field equipment or grand theft, such as larceny regarding oil field operations in the field it could be very legitimate. This is becoming very common today with our wonderful improving economy and change you can believe in administrations successnot to mention the kinder and gentler EPA. We can find wonderful examples in such states like Oklahoma where new FBI offices are being set-up in Oklahoma City to deal with cattle rustling, and to investigate theft of anything not welded, and concreted deep in the ground for example in Eastern Oklahoma, and particularly in Okmulgee County where the crack cocaine, and oxycoton users and alcoholics are stealing with almost absolute impunity in this area of the country.

Other times there is ample evidence of actual well failure situations, or real operational problems even more money wont solve, and complaining to the authorities or accusing Operators, or manager of limited liability companies formed to raise money for
oil & gas drilling & development activities without facts, and proof is not reasonable or morally right, and you could be sued for libel, slander and defamation of character. Dont accuse someone of unscrupulous behavior or actions unless you have proof, such as a court decision by a judge. We sue too much in this country and its help no one except the attorneys. This said,
anyone posting anonymous and extremely dubious and negative information about a person or company on the Interest is 99% of the time a competitor, or person with an ax to ground, and worse a crook himself. Dont believe this swill without facts and court decision by judges.

TOG Operators License #13961

Fed EIN #73-1580826

Manager, Dennis W. Stutes

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