Complaint Review: Ry Holland Fielder Ron Walblay - Fort Lauderdale Florida

Lets start with the truth for a change and dispense with the inuendo.  My company is not dissolved and I continue to produce my oil properties to this day.  The whole idea that just because you profess someone did something fraudulent it now becomes fact is absurd.  I'm still in business and just because you are a mouthpiece or and have first amendment rights doesn't mean what comes out of your mouth has any validity whatsoever.  The world is full of cry babies and people should take responsibliity for their investment choices.  Some investments carry a degree of risk.  Its time you put your big boy pants on.

Whoever said finding oil was easy and without risk?

Grow up.

On 4/3/14 the SEC was gratned a Permanent Injunction against Ronald Walblay and his companies RyHolland Fiedler, Inc.,  and Energy Securoties, Inc. for their false and misleading practices. The companies have been dissolved.

Enforcement Actions by The Securities and Exchange Commission and The Financial Industry Regulatory Authority speak for themselves.

http://www.sec.gov/litigation/complaints/2013/comp22818.pdf

http://www.sec.gov/litigation/litreleases/2013/lr22818.htm

http://www.finra.org/web/groups/industry/documents/ohodecisions/p222652.pdf

Something has been knawing at me.

Most investors know Ryholland supposedly had an employee - a well tender or pumper - who Ron supposedly accused of stealing loads of oil from the wells we went to see on the field trip in Tennessee.

Supposedly there was actual proof these wells produced significant amounts of oil and many truckloads were shipped before the wells died off and stopped producing. Supposedly, the refinery Ryholland contracted with did not get the oil and Ryholland was not paid.
 
The story went something like that the well tender sold the truckloads of oil to another refinery with whom he had contracted with and he received payment rather than Ryholland receiving payment or something similar.

First of all, that would be a very sophisticated white collar criminal plan for someone who works as a well tender to pull off I would think. Almost seems a bit difficult to beleive.

Here is where it gets interesting.

1. to date there has not been criminal prosecution I am told.
2. I don't think there has ever been a reasonable explanation to investors of what happened and I don't think there has ever been any follow up information to investors.
3. I was told by an insider former employee that the Tennessee project in question went way, way over budget and funds were used from the sale of the next program's working interest units to perform procedures on those Tennessee wells in hopes of getting them to start producing again.
4. As we know those additional funds and efforts failed and the wells are all dry holes and that money will not be recouped.

So....... if all of that is true, what ryholland would likely have been left with is a severely underfunded next program because the funds were used to work on the wells from the previous program.

If the story as it was told to me is true, it sounds like it was a complex white collar criminal plan that was orchestrated to steal the proceeds of the sale of oil and the plan was allegedly masterminded and executed by the well tender.

Okay - that's tough enough to beleive, but then there is this circumstance that's tough to reconcile:

It turns out this appears to have all taken place right around the same time Ryholland needed to come up with funds to replace the working interest sale proceeds for the next program that were allegedly diverted to work on the wells of the previous program. At least that is how things appear from what I was told.

hmmmm....... maybe somehow all of this is not connected. Ryholland please give your investors some explanation regarding these concerns and clear up anything that might be misunderstood.

I DON'T KNOW FOR CERTAIN THAT ANY DETAILS PRESENTED HERE ARE TRUE OR NOT. BUT THIS STORY AS PRESENTED HERE IS HOW IT WAS TOLD TO ME BY TWO FORMER RYHOLLAND EMPLOYEES. I AM DRAWING THE CONCLUSION THERE MIGHT BE A CONNECTION BETWEEN THESE EVENTS AND WOULD LIKE RYHOLLAND TO CLEAR THIS UP FOR THEIR INVESTORS.

Also - Ryholland, what are you doing with investors money for the little bit of oil that is being sold???? you sold oil as far back as March and never sent those funds or funds from the sales since then to your investors. What is the deal?? Send the money please - it is not yours.

There is a lot of misinformation that went along with Ryholland Fielder Inc. and Energy Securities Inc. being successful convincing investors to invest tens of millions of dollars with these two affiliated entities.

However, there were three main matters that constitute the bulk of the misinformation and once this information was known to be untrue, these affiliated companies owned by Ron Walblay have been completely unsuccessful selling program units and / or raising new investment funds.

1.    the first untrue item is that investors were told the owner of the two companies, Ron Walblay, felt so strongly about the success of the investments that he committed large amounts of his personal funds buying between 10 and 20 percent of the working interests of each and every program.

2.    the second untrue item that investors were told is that in all of the owner, Ron Walblay's thirty plus year career in the oil and gas business, the worst program he EVER had paid investors back their initial investment outlay in three to seven years.

3.    the third untrue item is that the only risk capital is for drilling funds and investors will not pay any additional funds for well completions unless the wells are successful and WILL be viable oil producers.

None of these statements turned out to be even remotely true. Ron did not purchase large amounts of program units, Ryholland's BEST completed program so far is a failure and investors will never receive their investment funds back and almost all drilled and completed wells for all completed programs are now abandoned as failures.

To this day, the salesmen openly admit they sold the program units using this untrue information and indicate that is what they were told by the owner Ron Walblay. Ron claims the salesmen did this on their own and he had nothing to do with it.

The link below shows a video of Ron speaking in his own words and addressing at least some of these matters directly and indirectly. In particular he speaks to his investment in the programs and the spreadsheets he holds up purport to show 1. a great Ryholland program 2 an average Ryholland program and 3 a less desirable Ryholland program. In reality, ALL Ryholland programs so far are complete failures with nearly all investment capital lost in my opinion so there is no way the spreadsheet he shows in the video truely represents an average Ryholland program.

In the video, Ron also speaks to drilling funds as risk capital and completion funds not being risk capital. In the video, Ron also shows the Ryholland sales brochure, that incidentally was sent to every investor tucked inside the offering memorandum folder to investors, thereby making this document appear to be part of the offering memorandum.

The sales brochure indicates Ryholland programs are Low risk, in field drilling and that Ryholland contributes up to 20% of the cost of every program and that in house industry staff with years of hands on experience manage field assets for the investors. None of it is true...

IT'S TOUGH TO BLAME THE SALESMEN AND OTHER EMPLOYEES FOR EVERYTHING WHEN THIS VIDEO IS OUT THERE IN RON'S OWN WORDS I THINK.

Ron, we know you monitor this site, so please respond to the particular issues at hand and not the longwinded fluff about your experience and jobs and national security etc...... And you know this is the only way I can communicate with you because you cutoff communication with your investors a long time ago.

www.viddler.com/v/1dda56b3

BELOW IS A POST I FOUND ON THE WEB BY ANOTHER INVESTOR WHOM I DO NOT KNOW AND HAVE NEVER MET - HIS STORY THOUGH IS NEARLY IDENTICAL TO EVERY RYHOLLAND INVESTOR I'VE MET- HE RECEIVED ONE DISTRIBUTION FOR $86,28 AND THATS ALL HE WILL EVER RECEIVE BECAUSE THE WELLS WERE ALL FAILURES. I ESPECIALLY THINK THE PART ABOUT RON SUING HIM FOR LIBEL AND SLANDER FOR MAKING RON LOOK BAD EVEN THOUGH IT IS ALL THE TRUTH IS INTERESTING. AT THE END OF IT ALL RON - WE ARE NOT ALL LIARS - THATS NOT POSSIBLE - THERE ARE MORE THAN A HUNDRED INVESTORS WHO INVESTED AROUND $20,000,000 AND WHOSE STORIES ARE ESSENTIALLY THE SAME. COME ON RON, EVERYONE IS LYING RIGHT? GEOLOGISTS, INVESTORS, EMPLOYEES, SUPPLIERS, EX-SPOUSES. YEAH RIGHT!!!

SEE POSTS AT THE FOLLOWING SITE FOR MORE INFO.

http://oil.theespinozaletter.com/viewforum.php?f=4

READ THE POST BELOW - AGAIN I DON'T KNOW THIS PERSON AND HAVE NOT DISCUSSED DETAILS WITH HIM, BUT HIS STORY IS THE SAME AS NEARLY EVERONE I'VE MET - I SIMPLY COPIED HIS WORDS FROM HIS POST TO HERE:

My actual investor returns with Ryholland Fielder

Details from their own secretary:
You purchased one unit in Appalachian HV, L.P. in November of 2008.
Your funds invested breakdown is:
Drilling $18,500 paid on 11/20/08 Completion $9,000 paid on 8/18/09. $27,000+
To date, there has been one revenue distribution for which you were paid $86.28 on 02/08/10.

For all the activity, all the promises and expectations this is like getting NOTHING on our investment. I think I would have done better and had more fun with slot machines in Las Vegas. Their claim to be an experienced expert with many past successes. To earn $86.28 is a shock and a disgrace. This is not a typo.

Ron later added by phone: All wells in your account are doing poorly and will probably be capped with all your investment money lost. Sorry.

I was contacted February 1, 2011 for an hour call by Ron Walblay, the owner (nice guy, articulate, talkative) who reiterated that in the prospectus Oil and gas is very risky.

We can try real hard and you can lose all your investment.

Hours of salespeoples verbal glowing stories mean nothing legally.

You cant rely on what a salesperson sales - they will fluff facts.

There are no guarantees.

Lots of other investors lost all their money too.

I cant take them to court, I have to go to arbitration and that will be very expensive so dont try.

We will hire an attorney to sue you for libel, slander and more if you complain and make your personal oil and gas experiences story public on the Internet. "You better not make me look bad!"

(I feel I was misled. If he can show me any inaccuracies I would be glad to correct them.)

What bothers me the most - There is the real small buried type with the generic disclaimers Oil and Gas is risky, you could lose it all". Then all the sales literature with all the fabulous projections, then the sales person going on for two hours describing the fun of drilling a well and all the money flowing from it for years. You co-own several wells, should one fail the others by far make up for it. Lots of people get rich by doing this. Get all your money back in 2-3 years.

I asked, "You really think so?" "Oh yeah, oil and gas is profitable."  I asked many times to be sure.

They did not have a disclaimer sign next to the sales person that said he was fluffing, exaggerating, making it far more lucrative than it actually was and that you have a huge risk of total financial failure and loss.

My biggest claim is misrepresentation of all the facts and the likelihood of failure. It wasn't just risky. It was crazy risky. It was stupid risky.

All of the content in the original post is my opinion. I have been completely dissatisfied with this company and the people there and have in my opinion not been dealt with honestly. It is not a case of sour grapes. It is a case of fraud in my opinion. Anything I may have stated as fact I want to make clear is actually my opinion. Most of it with a good deal of information and insight though.

I do not know if the domestic violence claims are true. I only know they are alleged to be accurate and there are newspaper articles that seem to corroberate them. I really wish I had not raised those concerns because they distract from what investors care about most which is the quality of the investments and the honesty of the company and its employees. The article can be found at the link below.

http://www.bgdailynews.com/news/a-time-to-reflect/article_e14973fb-b207-5e62-80e4-6a09e29ae065.html

Ron - rather than giving us your resume about 33 years in the oil business etc..... How about responding to the specific issues raised. For example, if you actually have a great track record at Ryholland, get that information out there so investors will know I was wrong. If you really are a large company as the image indicates, let us know. If you didn't refer to drilling funds as "risk capital" implying completion funds are not risk capital, please tell us. If you don't claim to be invested substantially along with your partners to induce them to invest, then let us know that. If the well in your video is not actually plugged and abandoned, then I would love to hear about it. If Ryholland Fielder has ever once to date completed even one program that was not a devastating loss of investors capital, then here is the opportunity to set the record straight.

Don't avoid the substantive responses with that jibberish about creating jobs and national security. Are you joking?? In my view, Ryholland destroyed capital that belonged to investors and small business owners and could more likely have created jobs had they kept their money and put it to productive uses themselves.

Also - please don't avoid the substantive responses by once again discussing your hundreds of natural gas wells at a previous company. That company was owned with another principal and that company was primarily a natural gas company. Ryholland is you alone and Ryholland is drilling primarily for oil - Ryholland is the track record that matters most and I think you know that.

I have been in the oil and gas business for 33 years.  Never in all my years of producing more than 300 oil and gas wells have I heard so much garbage from a few sour grape individuals.  Not only are these cowards not man enough to identify themselves but use the internet to promote their lies. I know they try to sound official by saying they are from Washington D.C. but they don't indentify who they are in reality.  They don't appear to spelling bee champions either.   Who knows what their motive is for trying to assault my character.  I just brought in two ( 2 ) new producing oil wells in Callahan County, Texas and plan on producing several more wells on one the of properties RyHolland Fielder is operating for it's investing partners.  As I told my production manager from Abilene as I left the well site " If it was easy to do everyone would be in the oil business".  The oil business is risky when you drill and attempt completion of a well for oil and gas production.  My offerings outline all the risks.  



By the way, there is no mystery as to where my office is and how my investors can reach me.  My partners can call me personally at anytime.  Producing oil here in the U.S. is vital to our national security and is creating hundreds of thousands of jobs.  The ripple effect of the job creation from what my company does from well tenders, landowner royalty owners, oil field service company's and refinery workers is significant.  Let those who choose to be critical come forward and identify themselves so that we may address their concerns.  



Ron Walblay