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Now, for the record. I am out with $45K loss.
And also now, for the record:
Lanza, Lou, 57Tbird and others (The Scam team), I will pray everyday of the rest of my life that all of you, your families and your loved ones would suffer in the same way you made innocent people suffer when they lost their hard earned money because of your lies and deceiving.
When you see them suffer in this world and the next remember these words and remember the people you deliberately and happily robbed off their money.
One last thing, when you look in the mirror, don’t smile but cry on your lost soul instead!!!
Done!
I told you before, you will rot in hell.
And you will rot in hell along with the crooks you chose to work for.
For the pain and suffering you and they have caused innocent people stealing their hard earned money so easy you are almost laughing about it every time you think about it.
This thing will go to 0 but with it, last bit of honor and soul you ever had you SOB. Go to hell and rot there with the rest of them...
Quickly guys... Push up fast!!!
It's going to 0 in no time.
Thanks so much Lanza and company for making us lose our money.
We will not forget you for the rest of our lives!!!!!!!
For longs Good luck...
Black Dragon Reports Increased Earnings for 2006
Tuesday April 24, 1:32 pm ET
OIL CITY, LA--(MARKET WIRE)--Apr 24, 2007 -- Black Dragon Resource Companies (Other OTC:BDGR.PK - News) today announced that Gross Revenue for 2006 was $2,482,219.69 vs. $1,099,460.33 for 2005. These are management's figures, subject to audit.
Management's intent is to make Black Dragon a fully reporting entity and become listed on an exchange.
"Given the results from 2006, we are confident that Black Dragon will be profitable in 2007. By continuing to purchase new leases and making the wells operational, we are taking the proper measures to increase production and revenues this year and in years to come," stated Joe Lanza, CEO of Black Dragon. "We will proceed in having the filings completed as soon as possible, in order to be listed, so that our stock can be more appropriately valued," added Mr. Lanza.
Me too actually. I feel it's coming sooner than later.
My fingers are on the trigger too. let's hope we can recoupe some of our hard earned money back from these scamers...
Good luck to you...
Are you still here Wanda?
I am still holding the bag too.
Too bad I did not listen to the wise last spring and sold.
Maybe it will repeat the same this year...
ONE BIG STEP for the company, one small...
Step for us investors. But at least those crocks are out of the game and hopefully with good new management team the value of this company would increase and then they can sell it for more...
Good luck to longs for an improved situation… We are defiantly not out of the woods yet.
Losing your nerves, eh!!!
Why don’t you let them share with you some of the KOOL AID they have been circulating lately? It should keep you focused on the task on hand and teach you how to be polite and considerate for real investors, LOSER.
Truth? What truth!!!
Truth like 30,000 BO or truth like the audit or other truth like the lies those crocks have been circulating through their PRs and people like you perhaps.
Again, nothing personal but I have been here long enough not to fall for that. If you are in the same boat like the rest of the people here who lost their money and got caught holding this shitty bag then good luck to you too.
but like I said if you are working for these crocks trying to keep people's hope up to suck more money in this scam then by all means I wish you and them all the worest in this life and the next...the worest indeed.
Nothing personal but...
Why you? do you have inside info that others don't and why leak it now? See, too many whys...
Of course I don't want to lose money but I have already lost 50K on this POS and am just hanging on to see if I can recoup any part of this small fortune.
If you are truthful then good but if you are just a paid pumper then you are part of this big f@#ken scam and you and those crocks will rote in hell sooner then later.
Check for your self...
When was my alias created; it was more than a year actually. it was the same time I took the worst decision in my life by putting my hard working money into the POS.
No point trying to discredit me or link me to this BDGR guy. Derekz know perfectly well that we are completely different persons and I have not other intentions but to try to gain some of my huge loss I suffered by investing in this POS.
BTY, this is the only reason I had not sold my shares yet.
Mr. Official LEAK!!!
Please continue to work hard to get similar info to keep the illusion. The SP really needs a big one to start moving up wards. keep'em coming maybe people will buy it sooner!!!!
I for one will not believe any BS you or the company crocks say until I see evidence that the investment community has really believed it and started putting money into this POS.
Money, you know what that is, right? Actual money to buy 2, 3 or 4 or 5 million shares of BD. then I will believe it too and maybe, just maybe I will hang on a little bit more to see how everything will materialize at the end.
Please give it a rest!!!!
You guys keeps hanging on each other's word and leaving the big issue on hand... which is, in one week if the SP did not start to move up ward, and that of course needs a VERY VERY BIG announcement, then we are all f@#d big big times.
What f@#kn buy out you idiots are talking about at 0.15 cents!!!! The least these crocks can do is get the SP to its max value then sell this damn company to maximize their profit.
Either you are all paid pumpers trying to keep the illusion going or get more suckers to buy this POS. either way I see no body is buying what you are selling any more.
Go get a life and leave the real share holders bleed to death!
You guys keep on fighting!!
Mean while the SP keeps going down and pretty soon it will be 0.0
I have been one of the unfortunate stupid people who believed those crocks and held to me shares. Now, I am down 40K and losing more by the minute.
Not to rain on your parade or anything like that but just putting things in perspective for everybody that this company is run by crocks who made me lose a LOT of money and I for one will be the first to file the law suit.
Happy Friday...
Watch out guys!!! 0 IS COMING SOON.
I will be the first to file law suit against those crocks..
More good news!!!
Black Dragon Resource Companies, Inc. Completes New Wells in Hosston Field
Monday February 12, 7:43 pm ET
Production Equipment to Be Installed This Week
Drilling Program Continues
OIL CITY, La.--(BUSINESS WIRE)--Black Dragon Resource Companies, Inc. (PINK SHEETS:BDGR - News) announced today that it has completed (perforated the casing) the 7 new oil wells in the Hosston Field, Caddo Parish, Louisiana in the Nacotosh sand as oil wells. These wells are the first in Black Dragon's aggressive drilling program in Caddo Parish, Louisiana, announced earlier this year. After swabbing the wellbores clean, 5 flowed oil with virtually no water and the other two flowed oil with a trace of water. These preliminary results were sufficient for the company to conclude that all 7 wells will produce oil in commercial quantities. Four Star Oil Company, the contract operator of the wells, was directed to equip the wells with tubing, downhole pumps, rods and pumpjacks and to install flowlines to the tank batteries located on the leases. This work should, weather permitting, be completed by the end of this week and the initial production rates for these wells determined early next week.
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Additionally the Midyette No. 5 well was drilled and cased and is scheduled for completion in the next week. Drilling has begun on the Wynn A Salt Water Disposal Well in The Hosston Field. This facility will allow the company to produce from 13 wells that are currently equipped but shut in. Due to wet conditions in that portion of the Caddo Pine Island Field drilling of the Salt Water Disposal Wells on the Watkins Lease and then on the Taylor lease has been temporarily delayed. These wells will be drilled as soon as conditions permit.
"These results signal a good start for 2007," said Rick Michael, company President.
FYI...
Petrol Industries, Inc. Appoints New Management
OIL CITY, LA -- (MARKET WIRE) -- February 09, 2007 -- Petrol Industries, Inc. (PINKSHEETS: PTLD) announced today that Mr. David Taylor has resigned as President in order to pursue other interests. Mr. Mario Lanza has stepped in as interim President of Petrol Industries, Inc., until the next shareholder meeting. Replacing Mr. Lanza as corporate secretary is Mr. Thomas Neely. Management is also pleased to announce the appointment of Mr. David Killian as Vice President of Oilfield Operations. Mr. Killian brings 27 years of Oilfield Construction and heavy Construction experience.
Since Mr. Killian's arrival, operations have been streamlined, and productivity has increased. One of Petrol's clients, Four Star Oil Company, whose clients include Black Dragon Resources Inc., states, "We are pleased with the improved workmanship and what is happening to increase the production on the wells." Management stated, "For example, Surrey Lease went from 6 to 22 bls per day, Caddo Levee 21 1/2 barrels to 11 barrels a day, Caddo Levee gas well from 10 mcf a day to 50mcf." These are some of the results Mr. Killian has been able to achieve in the last two weeks. Secondly, with Mr. Killian comes the ability and equipment for the company to get involved in Commercial Development and heavy construction.
In addition, management stated that with Black Dragon selling Caddo Lake, the Company will not be going forward with installing a gas pipeline. Mr. Lanza stated, "2006 was a year of change for the Company. We believe that we now have a sound business model, and should be able to have a strong showing in 2007. The Company's goal is to continue to improve on the quality of its services, as well as broadening the nature of the services it's providing, such as purchasing a drilling rig." Lastly, Mr. Lanza wanted to apologize to the investors on the delay in getting out the financials. "In the last year, there have been major changes in personnel, management, and even in the nature of the business of the Company. This is no excuse, however we feel that we now have the right team put together, and will be working diligently to restore the Company back to reporting status, and completing our quarterly audits."
About Petrol Industries:
Petrol Industries are a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions.
The statement in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
News from RedChip!!!!
RedChip Visibility Issues Quarterly Research Update on Black Dragon Resource Companies, Inc.
Thursday February 8, 2:11 pm ET
ORLANDO, Fla., Feb. 8, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced today that it has issued a research update on Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News).
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Joe Blankenship, MBA, CFA Level I Candidate, RedChip Research Analyst, wrote in the report:
``It appears that BDGR's management has identified an opportunity to acquire underused assets in the stripper-well category and grow accumulated production to a meaningful level. To make such an opportunity efficient, there must be a large number of wells in close proximity to keep operating and maintenance costs low. The Company's play in the Caddo Pine Island field might provide such an opportunity.
``On the basis of the reported assets in inventory, we believe that the Company has the ability to produce upward of 9,000 barrels per month from wells on lease, many of which still need to be put into production. With prices at $60 per barrel, this production level had the potential of producing revenue of $4.5 million per year and operating income of $1.5 million. Earnings per share at this level of revenue, assuming operating expenses are contained at current levels, would be about $0.01 per share. Our price target is based on a price/sales ratio derived from one of our comparable public companies, Arena Resources.
``Arena has a strategy similar to BDGR. Arena acquires only existing oil and gas fields and does rework or in-fill drilling. It looks for higher-producing wells rather than stripper wells. At current share prices, Arena is selling for 11 times revenue. Assuming that BDGR can show demonstrable progress in putting wells into production, this Company may well achieve that revenue multiple. At 11 times revenue of $4.5 million, the resulting share price would be $0.70 with the 68.3 million shares outstanding.''
To receive a complimentary copy of the RedChip Visibility research update for BDGR, please visit: http://www.redchip.com/visibility/about.asp?page=requestBDGR_Q3_2006.
News News News!!!!!!!!
Press Release Source: Black Dragon Resource Companies, Inc.
Black Dragon Resource Companies, Inc. Announces Extinguishment of Long-Term Convertible Debt
Wednesday February 7, 6:35 pm ET
AUSTIN, TX--(MARKET WIRE)--Feb 7, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) announced today that in preparing for communication of financial data to its audit firm, the Company has determined that the convertible notes payable associated with the Wooldridge Properties are now fully extinguished.
In its September '06 unaudited statements, the Company had reported total long-term debt in the amount of $6.6 million. This amount was comprised of the above convertible notes ($3.9 million) and notes payable associated with the Caddo Lake property that was previously reported as sold in December of 2006 ($2.4 million). With the elimination of these debts, the company is now free of significant long-term debt and the impact of further dilution associated with its conversion.
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Well, how would you feel Derek?
If you are down $40K on your favorite stock becuase of managment over promise and under deliver and never meeting deadlines. Would you still be happy and continue to have faith in this company?
You tell me.
Thank you all for your replies, however!!
It's evident to me as well as to others that:
1. This is NOT a company with merits and does not represent a sound investment.
2. It’s heavily manipulated by MM, insiders and people on-the-know who really know how to play the game.
3. The MM is in total control and they are the ones who say when to release and PR or not or when the price moves up or not.
4. There is no good news in the near future and I have strong doubts if there every will be true good news.
5. The stock goes up with all Pinkies from Jan to April then and shoots up the sky during crunch time (March to April) then it gets dumped all the way through the summer.
6. If, and only if, this pattern is to be repeated than I would expect that this year the MM will drive the price even higher.
7. Until the Audit figures are released, if ever, the SP will remain under the water for as long as it takes.
8. People who bought at the $1.0 and up are screwed big times and will be stock for such a long time if to recover their money.
9. This was one of the riskiest and worst investment decisions I have taken to date and I am really sorry for everybody who has done the same mistake.
10. Good luck getting your money back.
So, just out of curiosity.
How many of you think BF will rise again to early this year's levels?
How many of you think that the current SP is all MM manipulation to keep the price down until crunch time in March where they are going to release a huge number of PRs to drive it up as high as they can then go down for the rest of year same as this one then repeat again?
How many of you think that management has no alterative but to give in that MM manipulation because they are the ones in control of the daily buy and sell to keep the stock going since it’s just a pinky and all?
How many of you truly think that this is a scam and we will never see our money again?
Any guys... try to be honest for once.
BDGR of the naked short list!!!!
BUYINS.NET: AACQ, ACTC, BDGR, DBRM, HYDG, MGNLF Have Also Been Removed From Naked Short List Today
Tuesday Nov 14 2006 09:28:31 EST
Nov 14, 2006 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Ardent Acquisition Corp. (OTCBB: AACQ), Advanced Cell Technology, Inc. (OTCBB: ACTC), Black Dragon Resource Companies, Inc. (OTC: BDGR), Daybreak Oil & Gas (OTCBB: DBRM), HydroGen Corporation (OTCBB: HYDG), MGN Technologies Inc. (OTCBB: MGNLF). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Black Dragon Resource Companies, Inc. (OTC: BDGR) is oil and gas production company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete. With 29.88 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of BDGR.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 1,050,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.
BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.
BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Rest assure. Check the following links to confirm
http://www.oilonline.com/news/headlines/ephotline/20060609.Black_Dr.21427.asp
http://austin.bizjournals.com/austin/stories/2006/06/05/daily34.html
http://www.finanznachrichten.de/nachrichten-2006-06/artikel-6547736.asp
http://www.globeinvestor.com/servlet/story/BWIRE.20060330.20060330005130/GIStory
It is just a matter of time and please don't let anybody cheat you out of your shares!!!!
Good luck next week
And your Source is?
There must be mistake!!
They have already released numbers for Q2. I think they should correct that to be Q3. And as for the audited financials, RM said after the end of the Fiscal year.
Have some good faith pal...or just give up and leave.
VT
NEWS NEWS NEWS!!!!!!
Press Release Source: Black Dragon Resource Companies, Inc.
Black Dragon Provides Summary of Holdings to Date
Friday November 3, 4:35 pm ET
Launches New Web Site
OIL CITY, La.--(BUSINESS WIRE)--Black Dragon Resource Companies, Inc. (OTCPK: BDGR), announces that with its' recent acquisitions in place, its' project portfolio as of the end of October includes 20,000 gross mineral acres consisting of 138 oil and gas leases. This comprises approximately 1000 viable well bores of which 450 wells are currently in production in Texas and Louisiana. The Company anticipates that it will have approximately 600 oil and gas wells in production by the end of 2006.
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According to Richard Michael, President of Black Dragon, "We are making daily progress in working toward our monthly production targets through the development of several previously announced acquisitions and existing properties. This includes our expectation of putting all 12 wells into production at our Spider Lease property by year end. This will generate around 60 million mcf a month and about 3000 plus gross barrels per month of additional production, of which the company will net 22%. Additionally the completion of our Arkana Field deep gas well will add approximately 24 million mcf of gas by the end of the year, of which the company will net 50%. We are now permitted to drill an additional 8 wells on various properties that will add an additional 4800 gross barrels a month. The completion of the Haynesville Field project will add approximately 4000 additional gross barrels per month by year end from which the Company will net approximately 65%.
The Company also expects to have its' reserve study concluded and published by mid-November. Also, un-audited financial information for the 2005 fiscal year and the first six months of 2006 ended June 30th are expected to be released by the end of November."
The Company also announces today, that it has recently launched its' new web site which can be accessed at www.black-dragonoil.com. This site will be periodically updated with ongoing developments at the Company in a continuing effort to provide accurate and up to date information on the Company's progress.
Here we go longs. time to start flying again.
Good luck to all.
value trader
I am still around Blackhorse.
Gonna rid this one either to oblivion or to glory
Let's hope they release the good news after the election day cause this it the last hope, if you know what I mean...
Value trader
Not this time around!!!!!
That was MM manipulation yesterday but from here on the only way is up with more good news coming next week.
They had to wait until OPEC announcement so everybody would know the OIL market is going to stabilize and go in again.
You will see...
Good luck to longs
NEWS NEWS NEWS!!!!!
Press Release Source: Black Dragon Resource Companies, Inc.
Black Dragon Resource Companies Acquires Additional 77 Wells in Caddo Pine Island Field
Wednesday October 18, 6:17 pm ET
Anticipated to Add Approximately 18,000 Barrels of Annual Production
OIL CITY, La.--(BUSINESS WIRE)--Black Dragon Resource Companies, Inc. (OTCPK: BDGR), announced today the acquisition of 77 wells on 11 leases comprising approximately 300 acres in the Caddo Pine Island Field of Caddo Parish Louisiana from Allen Petroleum, Inc. for a $350,000 note payable over 3 years and 500,000 shares of restricted common stock of Black Dragon.
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"The wells are anticipated to provide production of approximately 18,000 barrels per year", according to Richard Michael, President." We are pleased to have had the opportunity to acquire this premier property which is located adjacent to our existing operation at Pine Island. We anticipate putting the property into production in the near term by converting two of the existing wells to salt water disposal. We anticipate that the remainder of the wells will only require limited equipment and repairs to be placed into production," added Mr. Michael.
"The properties are within three miles of the company's offices and facilities in Oil City Louisiana and will allow for ease of administration," stated Mr. Michael".
The BDGR website has been updated!!!
The Redchip report and a presentation about BDGR are available on the site.
Please go and see for your self.
Good luck to all longs.
Will be a good week for OIL and BDGR!!!!
OPEC to announce cut in production this week
Bloomberg News, Reuters
Published: October 15, 2006
ALGIERS OPEC ministers have agreed to reduce daily production by one million barrels and will announce the decision this week at a meeting in Doha, Qatar, an Algerian official said Sunday.
"All OPEC members came to an agreement to reduce OPEC production by one million barrels per day," the minister of energy and mining, Chakib Khelil, was quoted as saying by the Algérie Presse Service.
The ministers, who plan to meet from Wednesday to Saturday, will announce the reduction "officially and in a coherent manner during our next meeting in Doha," Khelil said. "The cut would certainly have direct impact in the market," he added.
The supply cut is aimed at reviving oil prices, which have fallen by a quarter in the past three months. OPEC's daily output quota is now 28 million barrels. Under the quota, 10 members pumped 27.6 million barrels a day last month, according to Bloomberg data. Iraq is exempt from the quota.
On Friday, crude oil for November delivery rose 71 cents, or 1.2 percent, to $58.57 a barrel on the New York Mercantile Exchange.
On Thursday, futures reached $57.22, their lowest level since last Dec. 19. The contract slipped 2 percent last week.
Venezuela, OPEC's only member from the Western Hemisphere, ordered four heavy-oil ventures to reduce output by 1.6 percent to help support prices, Ruben Figuera, the president of one venture, said Friday. But Venezuela's minister of energy and petroleum, Rafael Ramírez, said on state television Friday that world oil output was outpacing demand by about 500,000 barrels a day.
OPEC's shipments of crude oil will decline 0.8 percent in the month to Oct. 28 from the preceding four weeks because of lower refinery demand, Oil Movements, a consultancy based in Halifax, England, said last week.
ALGIERS OPEC ministers have agreed to reduce daily production by one million barrels and will announce the decision this week at a meeting in Doha, Qatar, an Algerian official said Sunday.
"All OPEC members came to an agreement to reduce OPEC production by one million barrels per day," the minister of energy and mining, Chakib Khelil, was quoted as saying by the Algérie Presse Service.
The ministers, who plan to meet from Wednesday to Saturday, will announce the reduction "officially and in a coherent manner during our next meeting in Doha," Khelil said. "The cut would certainly have direct impact in the market," he added.
The supply cut is aimed at reviving oil prices, which have fallen by a quarter in the past three months. OPEC's daily output quota is now 28 million barrels. Under the quota, 10 members pumped 27.6 million barrels a day last month, according to Bloomberg data. Iraq is exempt from the quota.
On Friday, crude oil for November delivery rose 71 cents, or 1.2 percent, to $58.57 a barrel on the New York Mercantile Exchange.
On Thursday, futures reached $57.22, their lowest level since last Dec. 19. The contract slipped 2 percent last week.
Venezuela, OPEC's only member from the Western Hemisphere, ordered four heavy-oil ventures to reduce output by 1.6 percent to help support prices, Ruben Figuera, the president of one venture, said Friday. But Venezuela's minister of energy and petroleum, Rafael Ramírez, said on state television Friday that world oil output was outpacing demand by about 500,000 barrels a day.
OPEC's shipments of crude oil will decline 0.8 percent in the month to Oct. 28 from the preceding four weeks because of lower refinery demand, Oil Movements, a consultancy based in Halifax, England, said last week.
Something BIG is going on!!!!!maybe after the bell!!
At least we don't have to worry about this for another year!!
OMDA Oil and Gas, Inc. Offers Legal Update for Shareholders
Company Also Offers Update on Investor Relations Department
HOUSTON, TX -- (MARKET WIRE) -- October 13, 2006 -- OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG) offers legal update in the case of OMDA Oil & Gas V. Lanza et al.
Back in April 2006, OMDA Oil and Gas, Inc. (OMOG) announced that it had approved and filed a 4th amended pleading adding Black Dragon Resources (Black Dragon) as a defendant to its initial suit filed in March 2005. Since this time, Lanza and the other defendants have had to acquire new legal counsel. Black Dragon and Lanza's new counsel were granted a continuance in order to familiarize themselves with the case. The original trial date was set for November of 2006. The new trial date is now set for September of 2007.
"I felt it was important to keep the shareholders current on the legal proceedings of this case," commented Adam Barnett, Chairman. "We are moving full steam ahead with this lawsuit, and the acquisition of new legal counsel by the defendant(s) has made us more confident than ever. The granted continuance should be viewed as an overall positive for our case; due to the fact that we will have more time to investigate and collect evidence on Black Dragon and the other defendants. We also plan to continue our depositions next month."
Highlighted Links
OMDA Oil and Gas, Inc.
Investor Relations Department
OMDA's full investor communication service department has been in place for nearly two years. The company has been, and is still fully committed to investor relations and shareholder communications; however, these services can be quite expensive. In the past, shareholders had voiced their opinions that all financial resources should go toward new company assets and ongoing litigations, and that investor relations should be kept at a minimum. OMDA decided to adopt these suggestions and scaled back this department for the past thirty days; however, due to overwhelming shareholder demand, we are pleased to announce that we will be reinstating our full investor communications services as of today.
Barnett stated, "Due to the fact that investor relations was simply only able to relay public information, it has often been argued that the company should not spend any money right now on this service (i.e. live responses, web development, 800 numbers, etc). In response to this, we did try a bare-bones approach to this service over the last month. The popularity of our investor relations department was reaffirmed immediately by a myriad of shareholder complaints. This service is now back up and functioning as it once was, and it will continue to be an active part of OMDA Oil and Gas, Inc. in the future."
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
--------------------------------------------------------------------------------
Contact:
OMDA Oil and Gas, Inc.
Investor Relations
800-621-0113
IR@omogoil.com
www.omogoil.com
Guys, Keep the faith. You will be rewarded SOON
Business :: Finance
10/04/2006
CybeRelease: The United States Could Become ‘The New Middle East’
(CybeRelease, October 4, 2006) - Lake Harmony - If you want to get in on the American oil shale boom, here’s what you need to know... The New Middle East - It can be difficult to imagine such massive amounts of oil. Below, I’ve included a page of the Energy Department’s classified report. It puts into perspective how much recoverable oil we have and the kind of money that will be made. There’s so much oil in this region the Energy Dept. thinks we could become the world’s leading oil producer. This reserve is so big it’s projected to last for 500 years, according to some estimates. You could even add together all the oil in the Middle East and our reserves would still come out on top 3-TIMES LARGER. That’s a lot of oil.
Of the 2 trillion barrels of proven oil in the Green River Formation between 800 billion and 1.2 trillion barrels are recoverable. That’s the amount of oil we can actually get out and use. Extracting this much domestic oil is very attractive to the government, especially in today’s politically unstable environment.
It’s estimated that tapping U.S. oil shale would decrease domestic oil prices by as much as five percent a year. That may not sound like much, but consider that a 5% drop in oil prices would save Americans $15 - $20 BILLION a year at the gas pumps. That’s why on August 8, 2005, President Bush signed into law the Energy Policy Act of 2005. This historic legislation officially opens up the Green River Formation to a handful of drilling companies. In January, the government accepted proposals from six companies to test their oil shale drilling methods for commercial production. Already 3 have been cut... Now only 3 are left. From the remaining three, I think only one company’s drilling technology will meet the government’s strict shale development standards and go on to develop oil shale on a commercial level.
This company would be responsible for launching America’s first commercial oil shale operation and production “…Leading the way to more than two trillion barrels of oil shale deposits in the Green River Formation, writes the U.S. Federal News Service.
U.S. Oil Shale Could Make You $551,900 in the Next Few Years
You may be aware of a similar situation going on, right now in the oil business, in an area called the Alberta Oil Sands.
This region in Northern Canada holds billions of barrels of oil, which also happen to be locked inside large amounts of sand and rock. Because in their recent analysis of the Green River Formation, the Energy Department wrote that the opportunity to make money in U.S. oil shale is Comparable to Alberta, Canada Oil Sands. If you know anything about Canadian oil sands, you know for the past 5 years they’ve been moneymaking machine.
One company to watch is Black Dragon Resource Companies (OTC PK: BDGR).
For a Free Newsletter, go to http://www.OTCReporter.com.
CybeRelease Gainers are Staples, Inc. (Nasdaq: SPLS), Sanmina-SCI Corporation (Nasdaq: SANM), UAL Corporation (Nasdaq: UAUA), BE Aerospace, Inc. (Nasdaq: BEAV), NeoMagic Corporation (Nasdaq: NMGC), Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI), Tuesday Morning Corp. (Nasdaq: TUES) and Frontier Airlines, Inc. (Nasdaq: FRNT).
CybeRelease Decliners are Marvell Technology Group, Ltd. (Nasdaq: MRVL), EMCORE Corporation (Nasdaq: EMKR), Olympic Steel, Inc. (Nasdaq: ZEUS), Optimal Group, Inc. (Nasdaq: OPMR), Heska Corporation (Nasdaq: HSKA), SAFLINK Corporation (Nasdaq: SFLK), Parallel Petroleum Corporation (Nasdaq: PLLL) and Pan American Silver Corp. (Nasdaq: PAAS).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $500.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
Contact:
C. P. Barry
Company: CybeRelease
Phone: 1.888.478.7669
Source: CybeRelease.com
NEWS NEWS NEWS!!!!!! And more to come!!!
Press Release Source: Black Dragon Resource Companies, Inc.
Black Dragon Resources Acquires First Major Drilling Rig
Tuesday September 26, 2:07 pm ET
Significant Production Increase and Cost Savings Expected Immediately
AUSTIN, Texas--(BUSINESS WIRE)--Black Dragon Resource Companies, Inc. (OTCPK: BDGR)- announced today that it has significantly increased its production capacity through the acquisition of a drilling rig for a purchase price of approximately $400,000 to be used at its Hosston Field and Pine Island properties. This drilling rig is being readied for service, and the necessary Salt Water Disposal wells and new infill production wells are expected by the company to be drilled during the fourth quarter of 2006.
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According to Richard Michael President, "The addition of this drilling rig which had an original cost of over $2 million, will provide significant cost savings over the next several months. We anticipate that the savings will exceed the rig purchase price in less than six months. There should be a significant increase in production both at Pine Island and the Hosston field resulting from this new drilling and utilization of the rig," added Mr. Michael."
Mr. Michael added that "the Company anticipates bringing additional rigs of this type into our production process in the coming months. We continue to make significant enhancements to our operation and will to ensure the lowest production costs and highest production levels possible."
Tomorrow will till the truth about all of this...
I honestly believe it's MM manipulation to get the stock at much lower price.
Good luck longs... hang in there and don't let nayasayers cheat you out of your stock.
value_trader
Oil is down and all Oil stocks are down as well.
Even SLB has come down from morning highs even after being upgraded to BUY by USB. All the commodities (Gold, Nickel, Copper, etc...) are all down in fear of slower economy and lower demand in US and Canada.
It's not specific to BDGR so please do not try to twist the situation and attempt to single point this stock. If you have anything against it just keep it to your self and don't try to save us from ourselves, we are old enough to take our own investments decisions and don't need anybody's advice.
And yet, you are not bashing... Right?
I have held BDGR from $0.75 to $2.3 and down and I will hold it till $7.0 and $8.0 next year so please stop trying to scare people out of their shares and keep your intelligence and private DD to yourself.
Good luck trading other stock…
Wait till the end of the day and see what will happen.
It will close above yesterday's close for sure.
This thing is just warming up for the big pop next week.
Good luck trading...
Will be on its way to $1.5 by end of the week!!!!!
That's right the AMEX listing could take up to 2 months but should happend very fast now. The audit results is VERY BIG NEWS though and should take the SP to the $2.00 level.
The SP should stay in that range for a while as part of the requirements for the listing. I am sure the company has a lot of good news to keep it in that level.
Good luck trading.