Which of the following statements describes an oil and gas blind pool offering?a) the oil exploration occurs in an area that is not adjacent to any known oil reserves. b) money is raised without a specific property being stated, and the GP selects the investments. c) the income from producing wells is purchased at a discount from the present value of the projected future flows. d) an unknown number of representatives participates in the sale of known partnership units.

b) money is raised without a specific property being stated, and the GP selects the investments.

Explanation:

A blind pool offering can be defined as a limited liability partnership or investment program that isn't backed up by the required investment goals for the funds that has been gathered from investors.

When money is raised without a specific property being stated, and the GP selects the investments it describes an oil and gas blind pool offering.

i guess you could put raise the economic balance

answersecondary succession;