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Cunningham Energy, LLC

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Cunningham Energy, LLC Reviews (3)

In regards to the recent customer complaint that you received, it is important to note that [redacted] Energy values all of its programs' participants and takes their concerns very seriously [redacted] Energy program participants own working interest in oil and gas wells and participate in drilling and/or re-worksdepending on the particular projectThroughout all [redacted] Energy's projects, [redacted] Energy tries to ensure that all participants are informed and communicated with regarding progress and completionOnce a project is completed and producing all participants receive distributions or revenue proportionate to their participation, Unfortunately, some projects do not produce to anticipated levels and as a result, returns are lower than hopedOil and gas investing is widely recognized as "speculative" and all of our participants understand that returns and production results may vary and may not be as projected and/or anticipatedIn order to offset lower than anticipated production and revenue [redacted] Energy has eliminated operating fees on particular projects and wells, In all instances [redacted] Energy ensures that any production and revenue is distributed to a project's participants as evidenced by the distribution check attached to the aforementioned complaintWhile [redacted] Energy understands the frustration of an underperfOrming project and/or well, [redacted] Energy cannot nor has ever guaranteed a project's production and/or returnWe are always willing to discuss a participant's concern and address any issues that can be addressed in a reasonable mannerThank you for the opportunity to respond

In regards to the recent customer complaint that you received, it is important to note that [redacted] Energy values all of its programs' participants and takes their concerns very seriously. [redacted] Energy program participants own working interest in oil and gas wells and participate in drilling...

and/or re-works. depending on the particular project. Throughout all [redacted] Energy's projects, [redacted] Energy tries to ensure that all participants are informed and communicated with regarding progress and completion. Once a project is completed and producing all participants receive distributions or revenue proportionate to their participation, Unfortunately, some projects do not produce to anticipated levels and as a result, returns are lower than hoped. Oil and gas investing is widely recognized as "speculative" and all of our participants understand that returns and production results may vary and may not be as projected and/or anticipated. In order to offset lower than anticipated production and revenue. [redacted] Energy has eliminated operating fees on particular projects and wells, In all instances. [redacted] Energy ensures that any production and revenue is distributed to a project's participants as evidenced by the distribution check attached to the aforementioned complaint. While [redacted] Energy understands the frustration of an underperfOrming project and/or well, [redacted] Energy cannot nor has ever guaranteed a project's production and/or return. We are always willing to discuss a participant's concern and address any issues that can be addressed in a reasonable manner. Thank you for the opportunity to respond.

Revdex.com:
I have reviewed the response made by the business in reference to complaint ID [redacted], and have determined that this proposed action would not resolve my complaint.  For your reference, details of the offer I reviewed appear below.
RE: Final Request for Repayment of Investment I have made several attempts at contacting your company in an effort to resolve issues I have had regarding the investment that I made with you company. You have failed to respond to any of my formal complaints, with the exception of a generic response sent to the Revdex.com. I sent you two letters on two different occasions detailing my involvement with your company, the funds that I invested, and the lack of production or follow-through on your company's behalf. All of my correspondence was received but your company and its owner failed to correct the wrong doing and offer any sort of aid in the explanation of what you company has done with my money. I've filed complaints with several state and federal regulators and will send in additional documentation following your receipt of this letter. As stated in your response to the Revdex.com, your company has sent me ONE dividend check in the amount of $17.66 (Seventeen Dollars and Sixty Six Cents) which was received in March of 2015. I have been an investor with your company for five years and the only return on my investment has been a nominal amount of less than one percent of the money that I've invested. As stated in my first letter to your company, I was informed by your representatives that I should recoup my entire investment plus dividends in one year's time. Now five years later, l have only recouped $17.66. Your company should be ashamed of behavior and misuse of my funds. Your representatives encouraged my investment with promises and expectations that were hard to pass up. However, all the information supplied to me by your representatives and company have informed me that you run a business based off misrepresentations and lack of concern for your investors well-being. As an accredited investor, I am well aware that oil and gas ventures can be hit or miss, however, any company with a track record proving failure after failure in their production and projects should be willing to return a large portion of an investors funds to right the wrongs made my their misjudgments and incorrect data. It should also be noted that in March of 2015, [redacted] Energy was sued by [redacted] II, LP for failure to drill the wells they signed leases for. This information leads me to believe that your company may not have ever drilled wells, or that you drilled in part and then kept investor funds for yourself. Your failure to respond leaves me no choice but to assume you've made very little to no attempt at actually drilling and producing significant amounts of oil and gas. I am now asking for the return of my investment with the one dividend check subtracted. Your company, due to his misrepresentations and false promises, owes me $19,982.34.Regards,
[redacted]

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Address: 3230 Pennsylvania Ave, Charleston, West Virginia, United States, 25302-4537

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