They have new project opened for investors that will also last 2 years for exit.

u gonna join? 

Oil price so low take money main jauh-jauh la....

Oil price so low take money main jauh-jauh la....

they won't get affected by the news right ? 
You are the owner of the oil barrel that you confirm purchase and at the agreement that they will need to pay you on what's the contract as you sign ma ?
No? Like every time you sell your oil barrel , you get you 3% straight every 3 months  .    not like this one?

I jz collected all my capital...

Where do you get the information about the vote??
In 2013 there was a voting for putting every finds together in one large fonds, called "Canadian Oil and Gas International Ltd".
The reason for that was (as Proven Oil told the investors): lower costs and the gas fonds could profit more from the oil funds.
But: they can also aquire 40% loan capital, without a vote from the investors. And: the investment is now totally different in that, which the investors invested in the first place. Since that day, there are less information, no payments and no actual news given to the investors.

Maybe you are right, that the investors get back nearly 60% of their investment till today. But what about the rest of 40%??
You also need to know: if an investor invested 100 TSD Euros, only max of 85% of it where invested. The rest is gone. For costs only (management fee, auditor etc).
So if you want to make it right, just say the investors get back 40-50% till now.

And I am pretty sure, that's it.

But you are right. Most of the investors are afraid of getting linked because of a lot of frauds the last years. There were not only 2 big frauds, there has been a lot more going on.

Since the shipping crisis starts in 2009/2010, more and more not really serious investment firms popped out of nowhere. All of them promise 12% or more cash flow. Of course without any risk ;-)

I told my uncle, that I am not sorry for him, if he looses his money. That construction could not work and with the people behind that company's, everybody should have known about the high risks.

I would never invest in such a company and in such cash flow promises. I work hard for my money and if I want to loose it, I could also burn it. Same result: money is gone!!

Revisiting this... where is "the truth"? Come on counter his arguments!

You want the truth? Here it comes:

-German investors have to pay back their payoffs for 2013

- the Canadian bank has cancelled the credit amount of 49 Mio CAD for all oil fields

- the COGI now needs 49 Mio CAD, so they can "safe" the fields and the German investment.

- in the letter to the German investors is NO word about making profit!!!!

Anymore questions about this scam investment????

This claim is happening now or 2 years back? If you read their newsletter in May 2015, they are making CAD$35 net back per barrel. how come no profit? 

http://www.conserveoil.ca/

It is happening now. Letter was send 2 or 3 weeks ago! They told a lot on their homepage and elsewhere. But nothing of that seems to be true!!!

That explain why POC being sued?

Yes!

Today oil price dropped below $40/b. We have received a message from Conserve Oil Group, that oil companies in Alberta has been giving low royalties to zero to the government because of low oil price.
Here is the link:
http://www.cbc.ca/m/news/business/comparin...akota-1.3071622
Hence, from the latest update from Conserve Oil Group official website, Conserve Oil Group able to made profit up to CAD $45/b in certain oil well in April 2015 when the oil price was around $50/b-$55/b.
Here is the source:
http://www.conserveoil.ca/wp-content/uploa...ews-Release.pdf
That's why, they are still able to pay us 1% a month from the producing oil field.

Do NOT invest anymore!!!!!!!!
COGI has signed for bankruptcy!!!!

http://mnpdebt.ca/style%20library/mnp/file...ust-25-2015.pdf

Thanks. I'm not planning also but once looking at it. Nice info u had there.

But this document is on the director to ask him to resign. Company definitely lost money but not yet bankrupt. Correct me if I'm wrong.