With more than 20 years of experience in the oil and gas industry, Lone Star Securities, Inc. offers oil and gas investment opportunities via direct participation programs. These programs enable investors to directly participate in the cash flow and taxation benefits associated with domestic oil and gas investments. At Lone Star Securities, we've made it our mission to offer investors the best possible terms on compelling projects. In keeping with that mission, we do things a little differently from the competition, offering multi-well programs on an invoice-cost basis through our affiliate and issuer Riley James Development Corporation. By comparison, this structure is significantly different from the more common single-well, turnkey structure.
Riley James' multi-well program structure makes the most of your money by spreading out your investment across multiple wells, thus mitigating your risk. Furthermore, the invoice-cost structure means the investor pays the actual cost to drill and complete the well after paying a one-time overhead fee to cover the expense of managing and offering the project. With the invoice-cost structure, investors receive an accounting of all invoices paid toward drilling and completing a well. And, it ensures our goals are aligned with those of our investors, which is to drill successful wells and generate revenue as a result of the cash flow from those wells. We don't make a profit unless our investors make a profit. The turnkey structure, on the other hand, is a fixed amount set by the project manager, which is typically double or more than double the actual cost to drill and complete the well. The turnkey structure often affords the competition a profit whether the well is successful or not, so the company is less concerned with the outcome of the well.
As a registered broker-dealer and member of the Financial Industry Regulatory Authority (FINRA, formerly the NASD), Lone Star Securities is held to the highest standards of disclosure and subject to periodic audits by the U.S. Securities and Exchange Commission, Texas State Securities Board and FINRA. In addition, Lone Star Securities is an Accredited Business by the Better Business Bureau. Client references are available upon request.
Mr. Joseph Ireland, FINRA registered Principal, has been the President, Financial Officer, and sole director and majority shareholder of Lone Star since its inception. Mr. Robert Jones, FINRA registered Principal and attorney at law, is the Vice President and Chief Compliance Officer for Lone Star Securities (see Lone Star Team).