Replies to This Discussion

Permalink Reply by BirdDawg, plain ole' idiot on August 24, 2009 at 13:10

COBRA has been cussed and discussed on here many times.
Straight up scams in many peoples opinion.

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Permalink Reply by Parkdota on August 24, 2009 at 13:35

What a terrible name for a company....Cobra lol. The name kinda says it all. Makes me think of the Cobra Kai in Karate Kid LOL.

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landownerPermalink Reply by Iris on August 25, 2009 at 8:15

i thought the same thing when I saw the envelope....a long time ago Ark-La-Tex Gas tried a similar sham of sending us a check. In re: Cobras & other shale snakes TG for GHS

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landownerPermalink Reply by Mac Davis on August 24, 2009 at 14:06

Cobra=snake
Petroleum=oil

You do the math.

Yes, people are that gullible, especially if they cash the check thinking it's a royalty check, not a outright sale of mineral rights.

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Permalink Reply by Foxiecajun on August 25, 2009 at 1:55

I just searched for Cobra Petroleum in desoto and there are 105 docs where people have sold them their minerals. Wonder how many knew what they were doing? I have 4 of there checks here for trash liners. It is sad they can do this to folks.

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Oil & Gas ProPermalink Reply by Dion Warr, CPL on August 25, 2009 at 7:46

Foxiecajun:

You have knowledge, however, and knowing is the half the battle when it comes to defeating the forces of Cobra.

Sorry, GI Joe cartoons were a notable part of my childhood, and the movies's out. Couldn't help it.

Seriously, though, compared to their long-term relative value of the minerals and royalties in these areas, organizations like these will take the calculated risk and minimum expense required to make mass mailings to see what they can obtain. And then they will seek refuge behind the accepted tendered offer as their defense.

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Permalink Reply by layla on August 26, 2009 at 3:01

I shred the draft and other accompanying paperwork and return it to them in the business reply envelope they kindly send with their ridiculous offer. I figure they will at least have to pay for the mailing twice....

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