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if you see how many share are out standing, if omda win 35 million and get wells back, there stock is still worthless. they have to many share outstanding. over 1.7 billion share. with 36 million in to omda, and 1,000 to 1 reverse stock spilt, the stock will not be worth a dollar. that what funny.
maybe with new water wells and dewatering probem is fix now and company will be gin to sell more gas. I still like for them to drill 2 more water wells . the company will not get any more money untill money income increase and sale of gas increase. for every 2 dollar in assets they loan 1 dollar with 2 dollars in sales per 1 dollar in instrest payment. they gas price may bottom out and will stay at this price.
who kidding? RM ask me if i knew any one who fix his shower. he want to take show only in the bathrooom. he has a 50 gallon barrel, metal type hearter to heat the trailer up with. he paid joe extra 100 dollar for that. joe told him ,when it rain, the ac would work and cool off the inside of the trailer. RM said it does cool off the trailer when it rain.
you are not the only one holding this stock for 2 years. Yes the had probem with new areas. too much water and When I read the news release, I saw 2 more water wells.I though that they just drill one new water well. May be they need to drill more water wells so the can start drilling a lot of wells and get them dewater faster. I bought some stock at this level too. hope it would go back up in 2 years. thing the stock has 2 year curve. start off top heavy on curve and fall to lean side , then goes back up.
i put good till cancel order into Friday to sell all my nwog @3. I am night trader. look out day traders.
i take 2 a share and i dance at wedding.
that was the first deal, but the guy runing old company talk him into the merger instead of getting us cash for the company and when we did not get the cash, we got the shaft and stock took a diver and went to bottom of the pink sheets and has been hideevery since then and will keept on hide. the stock scare to come out in day light.
why does the line form. sell, sell sell and more sell.
i bet my last dollar joe sold it to him in mint comdtion. He tell RM that it just need few adjustment.
yes, a broken down one that joe sold him. no ac or heat. when it rain, RM can take shower any where in trailor.
I would put 1000 to win on that.
i still holding my. i got the time and do not have money. i see what happen. let have party and tar and feather the our company leader.
they want buy all the stock they can at these price so they can takej company private agin for peanuts. they let rise go up after they get lot more stock cheap.
we get iou. we owm them money for holding there stock.
do you know who we buy the drill rig from?
guess where RM lives .
well. call jeff then. that what jeff said. you need to talk to him.
well, it time for change in management and new board of directors. the only name not in all news was not barry.
that good question and i wish i knew the anwer. i look at my msrm 2 time a day to see if it change over. the price kept falling down and it does have much more to go to be worthless .yet one day we get some gbrc stock for it. can not figure that out. why is the price falling and why has it turn into gbrc stock.
time table 3 to 6 month and the stock become free trading stock. that what i hear.
the dea was not a merger. if it had been,we go to vote on it. you need to call jeff. hopeful he can give you answers you want. it does smell or act like it on the up and up on take over.it for frank and his group of hoods.
there was one I saw it. it was a merger because we did get change to vote on it and I would vote no because msrm share holders got the shart and frank and his group got goldern nugget. It spell out the details and how much shares msrm got ---top of my head-- 7.1 something for 1 share of gbrc and warrent for every 3 shre of msrm you have to buy one share of gbrc stock for 4.50 that end in life end of 2007. the new share of gbrc are in trust and not sure when they be give out. the last the to trade dec. 28 after that date you could get new gbrc stock. think that came from jeff. there no more msrm, go to there wed page, it gbrc now.
red chip going to put out a report in about 2 week on black dragon.hopeful we know move on the audit by then. red chip small chip thing, they are try to get barry to come and they useding pressure on him to get him there for what it worth. hear some to day the black dragon may go on the amx. not sure how the deal will work. if it get on amx, alot busness issue will have to change or they get kick off and sec will be move in with them.
do not know if any body buy stock in msrm after cut off date will get any of gbrc stock for stock they are buy now. jeff said after dec date, the merger or what ever they call it, no gbrc for them.only people who own the stock before that date. my msrm stock has not change into gbrc yet when i chech my brokerage account this night.
have you go to pink sheet .com today. they got new story aka press release with head russian talk about growth. i think the press release be post here. there try to make nosie and hopeful it will move nwog stock up to were it should be price good . I read a report that was saying that the price of nwog should be in low two dollar range in 2 years. .
the lowest number report by RM was 1 barrel of oil pre day, there are alot of well that dragon has a interest in that are just making 1 barrel of oil per day.+ i would think the lift, the cost of bring oil to surface plus getting rid of water with oil is about 25 dollars a barrol. older wells like this pump a lot of water with oil.
if they drill caddo gas wells, got gemini , got 2 new field producing oil and gas, they could make theres numbers. when things did work out, they should said something. but they did not. the numbers they report are not the true numbers of production. we have to wait and see and have tar and flower party and get lanza group. RM will have has pay in court. the rlanza group should be on the farm and throw a way key . barry make have cross to bear. he brought this company public. he will have his day in court. all the number are lower than and number of wells bore down to 1,000 and well open is 350. that the lanza connection.
the numbers are miss lending. if you read the news releaase, this number includes wells not yet drill, but will be drill within a year. not all the well bore were test. RM said this. This test of wells was done < did not say when. this is money that will come from sale of gas and oil at prices at time of the report of from the reserves. but RM has also said in press release that the reserves were 140 million dollars . the 2 do not match, there some question of what all was the test so we not sure what RM was saiding and reserve engineer report said. what all mean, what ever the reserves the they test and found , the toal future cash from reserve were 11 million for proved reserves. that life of reserve, how long is the life? I do not know. I will ask barry monday.
go to pink sheets.com-put bdgr in and go to i think company information. if it not there, it in one of tab in bdgr. there aa copy of 2005 annual report and another update. the company gave office some stock in company and directors. that some prefered stock out standing too. It list the big stock holders in company. comany own the stock. I bet joe lanza own stock in some company and rm to.
the new duk is yeilding 6%.
what even better, is the fact that duk is paying 6%. se is new and it stilling growing and the yeild aka payout will increase over time. 2 good companies and good deal for the stockholders. this unlock value of the 2 companies. se was trading almost what the old duk was.
hope to get production numbers monday,for first 6 months of year that are correct. the number I been told are low than what been release. but the number will support price higher than what bdgr is now. barry said there be news coming out soon. week to 3 weeks. I call barry Monday. I think the stock bottom out and I think company will start to look better for us and stock will start back up.
I talk to barry yesterday. the no wells on the lake have been drill yet reason lack of rain and lake down so much that they can not flow barges out on to the lake. if they can do that, they can drill on the lake. have you going to pinh sheets .com? there are some unaduit number there on black dragon.
i got some of this wonderful stock from the spin off. the 2 companies were worth more than the whole.
`just to talk to red chip. RM first. i think that RM was saying that the audit was almost done was on black dragon part.
barry is the one who brought black dragon public and it his deal and that why he helping out.it deal goes bad, it will be strike against him.
numbers, yes they are lower than report. red chip got the numbers for first 6 months. the numbers will support a stock price of more than 23 cents. I think this should be the bottom and we start going up.It look like Monday when I can get number from red chip. If not , I call barry again. I going to go pink sheets. com and see if bdgr still on bad side. If red chip got there package, pink sheet should have gotten it by now too.red chip did tell me when they got there package. It may coome today. they going to strong arm barry and RM to come to red chip small cap dog and phony show. I will talk to barry about this. barry does sound like he does not have any in joe lanza blood in him or connected to him. when it dry up over there, they drill the 4 oil wells and 4 water wells. maybe they should take that water to lake and refill the lake back up with that water. if red chip can release to me what they got, i post it.
remmber that all the mess he had to straighen out before he could give the audits anything. he siad it was a mess. Rm did not know how to run the office and file thing and make records. now attorney are helpless with out the office girls to do the work for them and that what barry had to correct and fix. he got new duties now. guess who answer the phone, joe lanza. there good chance that Rm will give red chip the prodution number and how much money came for the oil and gas sales.
Malyshev may know how to run a company but not a public company. may be they buy the company stock at these price so they can own the whole company and get the other half for peanuts.
just got off the phone with barry. black dragon has 1,000 well bores, 380 are open. there been a lack of rain in caddo lake area and lake down so much, that they can not get barges on lake at present time.there title probem with spider field and they hope to have that problem fix in about 2 weeks. then put that lease on the books. the drilling rig, they took postion of it and should start to drill 4 well next week. they had rain for for serval days and it to muddy for rig. the lease with gas well, there no gas contract with the gas supply. the last owner did have contract. they have that work out in about week. the main thing, barry said in week they should have material in order to gave to audits. he been busy puting in place, systems to handel all the paper work. it was big mess when he came.he also said they sent to red chip and pink sheets an update on the company.he going to update wed page and we just wait to hear from my red chip person this afternoon. did ask him about production, we did not make 30,000. did think he give that out because they in black out about news. barry did know anything about the other work over rig rig if had been rework yet.
the stock will have 3 to 6 month restricted. this came from jeff. i would not buy any stock. after 12/28/06 was cut off date according to jeff. if you bought the stock after this, i do not know if you get any gbrc stock for your msrm stock. the deal is done and we got the shaft. it still a good long term investment.
the price of msrm stock drop 2 cent from last night. chech my stock account this morning before market open and msrm stock was list at 10.
just talk to red chip. they told me that they going make barry and RM both go to red chip thing. they going call barry and talk to whole group this afternoon. i get call back on that and see what they found out too.
a stock like bdgr sell for is toal oil and gas sales. most company put all they earing by into the company. drilling and repair of equiment. untill the audit come out and clear up what the true, the stock just going to go side ways. i do not think that it 30,000 barrel of oil and gas. the main reason is that been 3 month delay on drilling in caddo lake. they did get gas line finish and when they plane start drilling there. the audit will answer alot of guestion about the company.Going to call Barry today and talk to him about some guestions and see what he answer. one guestion is when the audit will be done and it release so we can see it and know what the numbers are. when will the rig be finish being over haul and start to drill 8 wells , have they start caddo lake yet-if not when, how many new wells are they planing to drill on 2 the new properties this year. any thing good ,i post it.