Hello so i signed up because im thinking of making a big leap and doing an investment. Everyone keeps telling me oil, oil, oil so i have been researching and i have a very persistent guy, im not sure if its smart/dedicated persistence of desperate persistence...

"We have has 256 acres in West Texas . We are going to start reworks and new drills starting June 1, 2012. We have already found the oil . Oil is still at a remarkable price of $103.00 a Barrel. First project should pull between 60k to 80k barrels. Project has 60 units available at $15,500.00 per unit. If interested in entire project there will be a discount."

this is a summary of what hes telling me, i didnt post his company name either but its there. Not sure if i can post a link here but he is the 5th one down and hes looking for 500k! He is located in Texas as well.
http://www.investormania.com/search/request-funding/3

Is this really possible or is he just not being realistic as 99% of business owners do. Everyone "believes" they are going to XYZ but in reality they do 25% ROI if they're lucky not 100's% increase. So basically hes telling me 15.5k to return back 60k-80k, should i just walk away or invest in 1 barrel and see how it goes? It really sounds like b.s but again i mean if that was possible why wouldent every investor be doing it?

Seems legit,That seems to be a good Investment,Have you consulted an expert like Ed Butowsky,that explained that amount is the only part you can have?It seems that you're getting a little low,thou the expected ROI is high.Good Luck.