Investors who have losses as a result of investing in Minerva-Rockdale E&P III may be able to recover some or all of their losses through arbitration.
On May 16, 2016, the Manager of Minerva-Rockdale E&P III sent out a letter advising investors that they are still not receiving any revenue from the property. Investors were also advised in the letter that ” a few new developments also do not bode well for the longevity and financial health of our company”. Investors are further advised of a split in management, a decline in production and a current cash balance that is insufficient to pay for preparation of the 2015 tax return.
The Minerva-Rockdale E&P III, LLC, private placement offering in May 2012, authorized the issuer Euro Pacific Capital to raise $14,200,000 for a pooled investment fund to invest in existing oil production in Texas. This investment is a private placement offering and therefore interests in this investment cannot be sold on any conventional market. While the recent letter indicates they are seeking a buyer, due to the low pressures and production decline coupled with the overall pricing issues faced by the energy sector, investors are not likely to receive any substantial portion of their original investment.
Stockbrokers are required to only make recommendations to investors that are suitable given age, health and level of financial sophistication. Private offerings in the energy sector such as this may not be suitable for retirees and those lacking financial sophistication.
If you have losses on Minerva-Rockdale E&P III, you may be able to recover losses through FINRA arbitration. Call to learn your options.
Losses on Minerva-Rockdale E&P IV? We are investigating potential investor claims. See this for details.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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