Dallas, (PressExposure) April 24, 2009 -- Gulf coast western supports measures to protect Oil and Gas industry investors from fraud and scams
Gulf Coast Western recognizes the extraordinary market conditions that exist in todayâs difficult economic environment and encourages oil and gas industry investors to take steps to protect themselves from unscrupulous individuals and organizations that may be perpetrating a scam or fraud. Although Gulf Coast Western does not offer nor sell securities, we encourage investors to follow guidelines established by the SEC and the NASAA to protect investors from scams, frauds and Ponzi schemes.
Gulf Coast Western has added a Due Diligence section to its website ([http://ww.gulfcoastwestern.com]) to provide investors with suggestions on how to avoid scams and recognize situations that could result in investment fraud. Education and awareness are an investorâs first line of defense against investment fraud. Each year, investors lose billions of dollars to investment fraud and face increasingly complex and confusing scams and Gulf Coast Western shares a common goal of protecting investors and is pleased to provide certain resources to assist investors in the protection of their hard earned money.
Gulf Coast Western was founded in 1970 for the purpose of exploring, developing and acquiring domestic oil and gas reserves, primarily in the Gulf Coast region of the United States. Historically, operations have focused on that area with some activity in Kansas and Oklahoma. With a new generation of leadership and dynamic strategic partners, Gulf Coast Western is also entertaining expansion opportunities in other areas in the United States. Our core exploration and lease acquisition activities are in the oil and gas rich Gulf Coast region where we have access to thousands of acres to be developed in the coming years.