Topic: Invest Bitcoin in Oil & Gas Working Interest (Read 2495 times)

So its clean fracking... more expensive and less rewarding... but at least the only risk is that toxic waters from the underground finds it way higher. Still a risk but way less.

Regarding previous returns... are the returns already flowing to investors?

So one prospect costs 160000 to explore? Since the returns are great i dont see why the company needs investments. Isnt that pretty unusual for gas and oil companies? Dont they normally fund themselve and earn all the money on the way? I mean one prospect only and they are done and would have enough investment for the next prospect. I dont understand this yet.

Also: congratulations to those that bought shares in this Bitcoin for Oil and Gas Working Interest!

Oil was hit and payouts are expected to be $5K a share a month! Who knows how long these wells will last, but they'll be producing payouts for many years if all goes well.

Not too bad for a $31.5K per share investment! [Tip: You can look at the middle of the info packets for graphs of typical production curves]

Hey SJ,

I don't know about "sponsoring" fracking but there *is* some fracking involved.

This is nothing like the documentary Gasland though; this is only 5-25 Barrels of water using a 15 minute bucket frack of 2000# sand.

It's like the difference between a firehose and a faucet.

Is this sponsoring fracking?

There is no guarantee.


One of the wells hit natural gas and is producing a sizable amount per day.

#2 should be open*

https://bitcointalksearch.org/topic/invest-btc-in-oil-gas-working-interest-offering-2-north-guitar-prospectstx-386570

*Just because this one hit doesn't mean another will.

Guess we'll just have to see if its successful or not.

Whats the guarantee ?

Nope. And they're gone...last O&G half share sold to a veteran forum member.  

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There *may* be future O&G deals available, as this is my partner's specialty (the partner being Jonathan Kohn of Balanced Energy LLC in Texas).

Therefore the world's first Bitcoin for Oil and Gas deal is officially complete!

That may be considered a historical milestone someday?

you gotta be kidding me!!

There's only half a share available now.

So: 5/6ths of the available shares have sold.

We can only accommodate two more.

2/3 Available.

Are you sitting on a bunch of BTC and you need to diversify? Invest it with our partners and we'll get you into oil and gas directly from Bitcoin! This is a world first!

Looking to diversify from virtual currencies to tangible items?

Bitcoin has helped bring together world experts in various fields. When you combine the Group Buy Forum's largest Miner Cooperative - DyslexicZombei's Miners Cooperative - with bobsag3's Miner Hosting LLC and Balanced Energy, LLC one of the most innovative small oil companies in Texas, you come up with opportunities for new cryptocurrency ventures, and great deals like this one!

We are trying to connect the world of Bitcoin to natural resource development projects. Be part of investing with the first company to take cryptocurrency for working interest, you can now invest Bitcoin directly into an oil well of your very own in Texas!

On a first come first serve basis, 3 units worth 1/32nd (3.125%) each of the Lake Coleman Prospect are available. You will own a portion of the production of any oil or gas found on these wells. There is always a risk for a dry hole.

We get a finder’s fee for hooking you up with the deal. So we get commission and you get your share of the production.


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If you are an Accredited Investor interested in participating and the following statements apply to you please contact us:

A. Participant has experience and knowledge of finance, securities and
investments generally so that Participant is familiar with and understands the
terms, risks and merits of participation in this Prospect;

B. Participant is an oil and gas exploration company engaged in exploration for oil
and/or gas, or, alternatively, Participant represents that he, she, or it is
knowledgeable and understands the risks associated with oil and gas exploration;

C. Participant has entered into this Agreement without solicitation and
acknowledges having received, reviewed and understood all of the information
with respect to the interests offered herein that has been requested by Participant
or offered by Balanced Energy;

D. Participant acknowledges a net worth in excess of ten times the amount of its
investment herein and represents it has the financial capability to withstand the
entire loss of Participant’s investment.

E. Participant has the legal capacity and authority to enter into this Agreement and
that upon execution hereof, this Agreement will be binding on Participant in
accordance with the terms hereof.

F. Participant has conducted such independent investigations as either Participant
or Participant’s representatives deem necessary in order to evaluate the merits of
an acquisition of an interest herein.

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Lake Coleman, Texas Prospect packet (14.2 MB): https://www.dropbox.com/s/xaochvx4zjbn62p/Lake%20Coleman%20Prospect%20Packet.htm

Lake Coleman Participation Agreement: https://www.dropbox.com/s/efipirtehdgng75/PA%20%281st%20in%20order%29%20Lake%20Coleman%20Participation%20Agreement.htm

http://balancedenergy.co/
http://dzminercoop.com/

Please send a PM to thomas_s. or myself for follow up questions.