Osage 1 Phenco Oil

The five oil companies of Kansas B2 Project Ltd, Kansas MB Project Ltd, Sooner Energy SPV-1 Ltd, Osage 1 Ltd and Phenco Ltd, fronted by Martin Finch but controlled by two shadow directors, Glenn Jamie King and David Alexander Hyman, use a company called Chainbox Technology to make alleged royalty payments to investors. Chainbox is part of a portfolio of firms owned by the Spurling family. They also own Spurlings Accountants Ltd.

In the cases of Osage 1, Phenco and Sooner Energy shareholders, no payments have been made for nine months. The excuse given to shareholders in all three companies is that Martin Finch has been unable to find “a platform” to be able to make the payments. This is very interesting because Kansas B2 Project Ltd and Kansas MB Project Ltd shareholders received their payments in January this year. They were paid by Chainbox Technology – the company with just one director, Terry Frank Joel Spurling, aged 81.

If it isn’t “platform issues” it is blamed on the banks. We all know how impossible it is to transfer US dollars from the USA to the UK and how it can easily take nine months. The USA is recognised as a third world country with absolutely no bank controls, horrendous governance over funds, a reputation for money laundering on a massive scale and a country that just cannot be trusted. It is right up there with Somalia and Colombia for illicit transactions. Martin Finch would have investors believe that it just isn’t possible to transfer money from the USA to the UK.

So how is it possible for shareholders in the two companies which allegedly have oil operations in Kansas to be paid, yet shareholders in the other three companies haven’t been paid ? Perhaps that question should be levelled at Chainbox Technology. They seem to have stepped into the shoes of the previous “money man”. The previous dodgy partner of the oil companies was Jade State Wealth Ltd. This company will be well known to people who have lost their total investments. It has been involved in more scams than we can count. The last one, Essex and London Properties Ltd, was probably their undoing. That company has been the subject of an investigation by the Fraud Team at Essex Police. Not by coincidence we believe the people involved in the oil companies are well acquainted with Essex Police.

As mentioned in a previous blog post Glenn King, David Hyman and Henry George Berry are raising money for a new oil venture called Tristone Holdings. We expect some of that money to be siphoned off in the direction of Osage 1, Phenco and Sooner Energy to pay shareholders because there is a lot of unrest amongst shareholder in those three companies. Of course, siphoning off money like that would be illegal but we doubt that would bother them too much.

Martin Finch is still claiming, nine months on, that it isn’t possible for a US company to transfer money to the UK. What a ridiculous statement. He is steadfastly refusing to provide any information on company performance to shareholders, including refusing to tell anyone in Osage 1, Phenco or Sooner Energy the total amount of royalties the various companies are owed or the amount that each individual shareholder is owed. He just says that payments are allegedly held in limbo because of banking compliance.

If you have received a payment from Chainbox Technology or you would like to know whether they are the platform which is holding up your payments you can contact them at:

Chainbox Technology Ltd, Unit 9, 97-101 Peregrine Road, Hainault Business Park, Ilford, IG6 3XH.

Alternatively, give them a call at Spurlings Accountants. Their number is 02085 533071. If you would prefer to drop in they claim to be at 112b High Road, Ilford which has an entrance at the side of the building in Chadwick Road.

We would love to hear what they have to say about their involvement with Finch, King and Hyman.

If you would like to contact the Managing Director with questions about their involvement you should email [email protected] . We don’t think it can be a very big firm because most firms, even small ones, have their own domain name. Sometimes very small firms are grateful for any kind of business, no matter how shady. The trouble is that it always backfires on them in the end.

To view the next article in the saga of the five UK oil companies please click here.