AJL aj lucas group limited

From an important article about fraud,Riverstone Holdings and...

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    From an important article about fraud,Riverstone Holdings and shale gas investors (like you) - there may be legal recourse for what's been done

    [Investors are saying they were misled by Hackett and Riverstone. The allegations are based on the claims that were made about how much oil the company could produce. In hindsight, those claims appeared wildly inaccurate and misleading. But is that fraud? Or just taking advantage of a loophole?In January, the Houston Chronicle summed up the situation as it described Alta Mesa’s downfall: “It was a dramatic fall from grace after significantly overestimating its potential in Oklahoma’s STACK shale play…”While Alta Mesa is a spectacular example of how fast the fracking business can make large sums of money disappear after “significantly overestimating its potential,” it also likely marks the beginning of investor lawsuits against many other failing fracking companies with similar histories.]

    https://www.resilience.org/stories/2020-04-03/is-the-u-s-fracking-boom-based-on-fraud/
 
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