Delayed wire transfers from Hunt Oil

Normally I get my roalty income from Hunt Oil as wire transfers to Norway in June and December every year. But this year’s June wire tranfer hasn’t happened yet. When I ask Hunt Oil, they reply that they have upgraded theire accounting system, and that they have delayed the issuance of foreign checks until July.

When August started and I ask about this again, I don’t get any specific date for my wire trasfer, but they thank me for my patience! I don’t know how much partience I have left… .
Is there anything to do about this, or do I just have to be more patient and wait?

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Bug them every month and keep a copy of your correspondence.

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Send Certified Mail, return receipt requested to Hunt’s legal department with copies of the correspondence from them and you. It most likely will get the “ball rolling!” Good Luck!

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Can Hunt Oil delay wire transfers as long as it suits them witout any consequences?

Depending upon the state from which the minerals are located you may entitled to interest when payments are not made timely.

This post is not legal, tax or investment advice. Reading or responding to this post does not create an attorney/client relationship.

My wire trasfer finally arrived on August 23, two months delayed.

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Bjorn, You can always press issues if there is no consideration for cost or relationship. Many oil and gas companies have outsourced these functions in the last few years and the performance levels have degraded severely. In many cases an email campaign seeking an answer just serves to further the backlog the system. Good luck to you and good to see you received your payment. Hunt Oil is a very old oil and gas company.

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