Frequently Asked Questions

1. Where does Toga do business?
• Toga and "The Group" does business in Texas. Our drilling operations are currently located in south-central Texas, specifically Coryell and Lampasas Counties.
  
  
2. How do I know I won't lose my money?
• There are no guarantees but we do several things to minimize the risk, and maximize the return potential.
  I. We are developing multiple well projects, and abide by an investment philosophy that you shouldn’t invest 100% of your money in 1 well, but 1% of your money in 100 wells, thus spreading out your risk significantly and ensuring that you reduce your risk of having a dry hole.
  II. We could dry hole any one well, but there is a significantly less chance we will dry hole III. You have your tax write off’s that help significantly. (REFER TO Tax Incentives section)
  IV. We are developing a complete field, not just drilling a couple of wells.  In addition, you are participating in on a field where we have spent significant time and money analyzing the trends and faults, and having already drilled test wells.
  V. We employ a Stimulation Specialist whose experience and expertise in this field help to ensure we get a well producing even when it doesn’t do it on its own. (REFER TO Fracing or Stimulation section)
  
  
3. What are the risks?
• As with all investments there is a chance you could lose some or all of your money but as we explained up above, we take steps to reduce that significantly, thereby not only reducing the risks, but greating incresing the potential returns.
  
  
4. What kind of return can I see on my money?
• This is the unique part of oil and gas.  We are not looking for you average return of 4-10%, we are looking for returns of 50-100% in a 3-5 year period. And, unlike stocks, as you receive your checks, the value of your investment does not depreciate.
  
  
5. How quickly can I see a return on my money?
• As quickly as 6 months but more likely in 3-5 years. That is why you should look at this investment is a 3-5 year commitment.
  
  
6. How does Toga Exploration, Inc. differ from other oil and gas companies?
• The Group explores for and produces oil and gas domestically with a cost-efficient drilling and production operation that allows a partner/investor to enjoy both an above average return on investment (ROI) while taking advantage of significant tax incentives offered by both our state and federal government.
  
  
7. I have never invested in Oil and Gas before, do I need experience?
• No. Most of our new investors have limited or no oil and gas experience. We actually enjoy educating and bringing oil and gas knowledge to the average partner/investor. We do field trips with our clients, inviting partners/investors dow to the field for on site updates on the progress of their wells/investment, and providing face-to-face education with our industry experts.  However, only accredited investors will be accepted into our drilling packages, and you must be a partner/investor to come to the field.
  
  
8. How long can a well produce for?
• 5-30 years depending on the reservoir, pressures, and porosity/permeability.
  
  
1. Where does The Group find our programs?
• We employ full tie land men and geologists, who constatnly scout for new potential fields and opportunities.  We do research for years, sometimes on as many as 50 projects to just pick one that we will go forward on. We perform our high level due diligence because we invest a significant amount of our own resources to a project once we have picked one. We are a small independent, not a major and cannot afford to pick indiscriminately.
  
  
2. How do we evaluate these programs?
• Technology, Seismic, 3D, and history
• We use what we call "Closeology" in order to pick leases and projects. That basically means instead of just picking an area to drill in just because it has oil, there we look to see what has been done in the past. By utilizing this approach, we view where past producing wells in an area were drilled, and determine sectors in the same area that have high probabilities of offset production.
  
  
3. Why do we believe the prices of oil will continue to rise?
• It is not a question of if, but of when the earth will run out of oil and natural gas. It is a finite resource and by its very definition will eventually run out.
• China and India have also recently increased their usages significantly and by the year 2020 are each expected to be using more oil and gas than in the US (Currently the World Leader in usage by a significant amount).
• Prudhoe Bay Alaska, where almost 17% of the US’s oil comes from is on a decline and will not be able to continue to supply our oil forever.
• We now consume around 6 barrels of oil for every barrel we find.
  
  
4. Will we get a gusher like in the movies?
• While it is possible, it has become much less likely due to the amount of holes that have been drilled greatly reducing the pressure in the ground that caused these in the past. Also with the addition of blowout preventers that are specifically made to prevent this from happening it is unlikely but great wells with incredible amounts of oil and gas still do exist and still can be found.