Once production gets started, the field would pump out 1.5 million barrels of oil per day, to be shared amongst the investment group.

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Like an individual oil field, there are only so many barrels to pump out before the field runs dry.

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Normally, you pump natural gas back into an aging field (called reinjection) in order to get higher yields.

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Too many wells release the natural pressure in the field, like fizz from a soda can, and it becomes too expensive to pump the oil out.

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The investigation was initiated in the fall by the SEC's New York field office, which estimates investors in the 35 stocks have lost tens of millions of dollars because of the pump-and-dump schemes.

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