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Charles C. Foti, former Attorney General of Louisiana, a partner at Kahn Swick & Foti, LLC (KSF), announces that KSF has opened an investigation into Oasis Petroleum Inc. (NYSE: OAS).
January 2, 2019, The Wall Street Journal reported in an article titled Freakings Secret ProblemOil Wells Arent producing as much as expected that, according to a review of available public production data, many shale wells in the company, particularly those involved in the fracturing process, were producing oil and gas at a much lower rate than the company had planned for investors. In addition, the report notes that the results suggest that current production levels may be difficult to sustain without greater expenditures as operators will need to drill more wells to meet their growth targets.
The KSF investigation is aimed at determining whether the officers and / or directors of Oasis have breached their fiduciary duties to the shareholders of Oasis or otherwise breached federal or national laws .
If you have information that could help KSF in its investigation, or if you were a long-term holder of Oasis shares and want to discuss your rights, you can, without obligation or fees, call toll-free 1-877 . -515-1850 or by e-mail, Lewis Kahn, Managing Partner of KSF ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-oas/ for more information.
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About Kahn Swick & Foti, LLC
KSF, whose partners include Louisiana's former Attorney General, Charles C. Foti, is a law firm specializing in securities, antitrust and clbad actions for consumers, as well as in mergers and acquisitions and non – compliance with fiduciary procedures against publicly traded companies on behalf of shareholders. . The company has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
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