On October 11, 2006, our office received a fax from Jim Morrisett's office containing an article regarding a blogger being sued for defamatory internet posts. The fax came from (918) 556-6509. I called Mr. Morrisett's office to determine what the nature of the fax was. He did not return my call, and a few hours later, we received an additional fax from (918) 584 7847. The letter from Jim Morrisett's attorney denies any and all of the allegations and threatens litigation if we do not remove any and all information pertaining to Mr. Morrisett from our website. We continue to receive numerous complaints regarding individuals stating that they have been scammed out of thousands of dollars by Energy 2000, Alpine Energy, and Jim Morrisett. We have forwarded this case to the Security Exchange Commission for their review.

One such alleged victim wrote:

I am/was an investor in several Energy 2000 limited partnership oil and gas "deals." Unfortunately I got way ahead of myself investing in with Energy 2000 before doing adequate research, or even before waiting to see if the first programs I invested in would actually pay out. Jim Morrisett and his affiliates always had many excuses for why the programs were delayed in making progress. True, they did pay a few production royalty checks, but the total amount was far short of their early claims, and of course far short of even paying back the investment principle. I believe these royalty checks were just to "seed" more investment money from the current investor clientele - but that is just my speculation.

Another alleged victim wrote:

In January 2004, Wallstin Petroleum entered into negotiations with Energy 2000 Inc., a Texas corporation based in Tulsa, Oklahoma, to acquire a 50% interest in the East Texas Van Field in Van Zandt County. Wallstin subsequently signed a purchase agreement and paid Energy 2000 $81,000 as a down payment for a 50% interest in the field. The total purchase price was $125,000. The actual cost of the 50% interest in the field was $50,000. The rest of the money was to be used for work in the field. In June, Energy 2000’s vice-president, James Leewright, told Wallstin that they were busy with their leases in the Texas Panhandle and would move to the Van field in two weeks and Wallstin’s assignment of interest (lease assignments) would be forwarded shortly. Wallstin informed Mr. Leewright that they would forward the balance of the funds when Energy 2000 actually went out into the field. At the end of July, Energy 2000 still had not gone to work in the Van Field to perform the required work. In addition, Energy 2000 had not sent the lease assignments. Their excuse was that their corporate attorney, Stacie Bryza, was unavailable to do the paperwork. After numerous emails and phone calls to Mr. Leewright, Wallstin opted not to do the deal and requested their money back. Mr. Leewright agreed to this. He also told us that their operations vice president, Mr. Rick Dickerson, had resigned from the company. According to him, this was the reason for the inactivity in the Van Field he explained. He told us that Energy 2000 was doing work in the field to get the lease in shape. At that point, we told him our operations manager had just returned from the field and there had been virtually no work done.