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mthead, keep in mind that censoring a website can make you responsible for its content, IMO.
The threads I open, I allow all posts, for and against. In that way, I can not be responsible for its content. Did I-hub inform you of this possibility?
As far as what I posted on this thread so far, I have posted the best info of anyone who posts. Why should anyone be afraid of the negatives on a stock they own?
By knowing your weaknesses or potential weaknesses, you are better able to understanding your company. Only a fool would not want to hear to the "other side's" case.
Also, to say that BDGR has nothing to do with OMOG is to NOT understanding OMOG.
Worse yet, to say that a lawsuite with BDGR will bring riches to OMOG is to not understand what is going on. BDGR did not defraud OMOG. OMOG's Adam B stole (raided) control of OMOG from the Lanza's and did not realize the debt to the company had convertibles that would effectively make the assets no longer be owned by OMOG.
The Lanzas then legally sold many of the assets in question, with some of them ending up with BDGR. OMOG has done NOTHING but produce lawsuites and waste money, produce more shares. BDGR has added more oil and gas every month since OMOG has been floundering.
Yes, I do believe that OMOG deserves some of the oil/gas wells that BDGR has. All the paperwork for all these deals on both the Lanza's and Adam B's part were not fully completed. This makes the ownership and division on many of the assets come in question. Of special importance to OMOG are the debts associated with any reclaimed properites. OMOG can't get the assets without the debt, too. But OMOG seems to want to cherry pick.
If you think a lawsuite will give everything to OMOG without discrimating who gets what, but gives everything to OMOG, then you are VERY optimistic. BDGR management knows this has about a zero percent chance of happening. BDGR management knows all the paperwork that wasn't completed on both parts. BDGR management knows how the Lanza securities instruments in relationship to OMOG were real and that OMOG should not be unjustly enriched because of some technicalities that were not completed, and a judge (jury) will know that in the same way OMOG should be entitled to something just because OMOG did not have all papers signed, etc.
In short, both side will get something, and probably should get something. BDGR is all for a just settlement, but not for "pie-in-the-sky apple picking." OMOG must accept the good and the bad of certain assets (debt).
OMOG will NOT be able to cherry pick what it wants, IMO.
BDGR and its managment are proven winners and each month continue to grow. In the meantime, Adam B and OMOG seem to have troulbe tying their own shoes. I do not say that maliciously: I look at their record in the past year.
The least OMOG should have done is started this lawsuite already. I'm not sure if BDGR would settle for even $1 now.
Then again, BDGR managmeent is sharp so maybe they would.
PS: Has anyone seen a BDGR reply, yet? What will happen to OMOG's stock price when you see the counter-suite? BDGR does not need to try to PUMP its stock up with bravado. BDGR will do its business, producing more oil and gas each month, and getting rid of OMOG.
Oh, it is to BDGR interest to drage these lawsuites on forever. What you saw today was a common delay tactic. You will have many years, if not decades of this to contend with. Most of you will not even remember OMOG when they get the last dollar that they could have gotten by being reasonable, IMO. I guess this is why Adam B/OMOG is in so many lawsuites with so many parties.
BDGR: $1.40
OMOG: $0.006
Ajor
First, did't Adam previously make it sound like legal expenses were minimal? Weren't these lawsuite based on a contingency basis? Don't be fooled by this raider Adam.
Secondly, I wonder how many shares those preferred convert into? Eatmenasdaq, care to answer that question?
Thirdly, more shares to be issued to raise money. Ok, you have 1.7 bil, plus who knows how many shares of preferreds that will convert. And Adam sold some of his shares back to the company? Sound odd to anyone who has a "sure winner"?
Lastly, BDGR is a winner. OMOG is a loser with a proven loser history.
The future will be interesting. We'll see how good Ajor opinions were.
BDGR: $1.40
OMOG: $0.006
Ajor
mthead, keep in mind that censoring a website can make you responsible for its content, IMO.
The threads I open, I allow all posts, for and against. In that way, I can not be responsible for its content. Did I-hub inform you of this possibility?
As far as what I posted on this thread so far, I have posted the best info of anyone who posts. Why should anyone be afraid of the negatives on a stock they own?
By knowing your weaknesses or potential weaknesses, you are better able to understanding your company. Only a fool would not want to hear to the "other side's" case.
Also, to say that BDGR has nothing to do with OMOG is to NOT understanding OMOG.
Worse yet, to say that a lawsuite with BDGR will bring riches to OMOG is to not understand what is going on. BDGR did not defraud OMOG. OMOG's Adam B stole (raided) control of OMOG from the Lanza's and did not realize the debt to the company had convertibles that would effectively make the assets no longer be owned by OMOG.
The Lanzas then legally sold many of the assets in question, with some of them ending up with BDGR. OMOG has done NOTHING but produce lawsuites and waste money, produce more shares. BDGR has added more oil and gas every month since OMOG has been floundering.
Yes, I do believe that OMOG deserves some of the oil/gas wells that BDGR has. All the paperwork for all these deals on both the Lanza's and Adam B's part were not fully completed. This makes the ownership and division on many of the assets come in question. Of special importance to OMOG are the debts associated with any reclaimed properites. OMOG can't get the assets without the debt, too. But OMOG seems to want to cherry pick.
If you think a lawsuite will give everything to OMOG without discrimating who gets what, but gives everything to OMOG, then you are VERY optimistic. BDGR management knows this has about a zero percent chance of happening. BDGR management knows all the paperwork that wasn't completed on both parts. BDGR management knows how the Lanza securities instruments in relationship to OMOG were real and that OMOG should not be unjustly enriched because of some technicalities that were not completed, and a judge (jury) will know that in the same way OMOG should be entitled to something just because OMOG did not have all papers signed, etc.
In short, both side will get something, and probably should get something. BDGR is all for a just settlement, but not for "pie-in-the-sky apple picking." OMOG must accept the good and the bad of certain assets (debt).
OMOG will NOT be able to cherry pick what it wants, IMO.
BDGR and its managment are proven winners and each month continue to grow. In the meantime, Adam B and OMOG seem to have troulbe tying their own shoes. I do not say that maliciously: I look at their record in the past year.
The least OMOG should have done is started this lawsuite already. I'm not sure if BDGR would settle for even $1 now.
Then again, BDGR managmeent is sharp so maybe they would.
PS: Has anyone seen a BDGR reply, yet? What will happen to OMOG's stock price when you see the counter-suite? BDGR does not need to try to PUMP its stock up with bravado. BDGR will do its business, producing more oil and gas each month, and getting rid of OMOG.
Oh, it is to BDGR interest to drage these lawsuites on forever. What you saw today was a common delay tactic. You will have many years, if not decades of this to contend with. Most of you will not even remember OMOG when they get the last dollar that they could have gotten by being reasonable, IMO. I guess this is why Adam B/OMOG is in so many lawsuites with so many parties.
BDGR: $1.40
OMOG: $0.006
Ajor
Atotalbum, I found the newletter/motion humourous and VERY good news for BDGR, assuming one can read between the lines, if not right at the lines.
First, BDGR took a small nut (a small part of the assets OMOG is disputing) and turned it into a "mightly oak." Yes, BDGR is doing extremely well and does better each month. What has OMOG done with what it has? Oh, that is right: Produced more lawsuites with even more parties!
Secondly, "this motion was not to delay." Now, why would BDGR attornies want to delay anything? Do you think it will take next to forever for OMOG to get all it might have gotten with a reasonable settlement?
Thirdly, I did not notice BDGR mentioned in this lawsuite. Why is BDGR being talked about in regards to it?
Lastly, BDGR did not defraud OMOG of anything. There are some legitimate reasons why the Lanza's had control of those assets instead of the raider Adam. Adam, you see, as an "in the dark" outsider, did not contemplate that he did not know everything about the assets he was trying to legally "steal" by buying controlling intereest in OMOG behind everyone's back.
The assets he raided had legal paperwork connected to them that legally allowed the Lanza's/others to keep properites that OMOG thought it was going to get. Now, it is not to say that there were not some questions that need to be resolved, but not all the questions that OMOG thinks.
Adam has continuously disappointed with just about everything he has done since legally "stealing" OMOG. While BDGR has made a mightly oak, OMOG continues to make a mess of everyone's life. This is bad karma, IMO.
BDGR would have settled with OMOG. Otherwise, why would it show the raider Adam B and his OMOG lawyers anything of importnace to OMOG that OMOG now says it will use against BDGR? Was that OMOG's purpose in sitting down with BDGR? Or was Adam too obtuse to see when an outstanding and genuine offer had been made.
OMOG with Adam B, IMO, can't be trusted. He has proven it again and again. Heck, he even issued how many hundreds of millions of shares of OMOG while saying he was buying shares back! Isn't that enough proof of what I say about Adam!
Sure, the shares were for the lawsuite! And why did Adam sell many of his shares back to OMOG? What a joke this man is. I look foreward to seeing what happens in the end to all these OMOG/Adam B lawsuites. I'll list them for you next week.
Oh, in case this very important point escapes anyone:
BDGR announced a doubling of its proven reserves today. This is the second time that Adam B/OMOG put out what I consider anti-BDGR news on a great BDGR news day. Also, did everyone notice the jabs put in the newsletter about Lanza being a fellon. Not professional conduct. It is childish, IMO.
Again, BDGR did not grow from having a few wells that once belonged to OMOG (or were alledge to). BDGR grew because of sharp people like Rick Michael and the Lanzas who will continue to make BDGR grow and have continued to make it grow with very little input in assets that were once related to OMOG. And BDGR is not likely to give up more than it has already offered in arbitration, IMO. And, you see, I believe this because historically BDGR and the Lanza's have produced results and OMOG/Adam has not.
The OMOG situtaion is not black and white. Both Adam/OMOG and the Lanzas were sloppy regarding paperwork that should have been done. If it was all the Lanza's fault, that might be one thing, but it clearly is not.
OMOG is in danger of not only losing what it could have settleed for with BDGR, but with the Dome property, too, since its settlement is contingent on the outcome of this other lawsuite.
Adam doesn't seem too smart to me. He seems like a kid who thinks he has something on his big brother and thinks he is clever enough to get lot of money from his big brother.
Big brother is not as dumb as little brother thinks. Those who invest in OMOG are gambling, IMO, on a loser. Past performance is usually a good indicator of future performance. How has BDGR been doing? How has Adam/OMOG been doing?
Oh, lastly: I was surprised to see OMOG talking about running out of money from the lawsuites and saying this will not go on for years. Really? How about decades? Remember, even winning a judgement only means that. I'm sure any assets gotten will have major problems connected to them, don't you. Think about it. There will be loans. Polluted land to squabble over, many liens and rights to argue over. Oh, and what exactly is OMOG fighting for? Even they admitt they don't even know what they had. Kind of hard to get a judge to give you things you can't even name. And to only name the assets without corresponding liabilities is not believable, either.
But if you don't believe Ajor, believe the man who says this will be settled quickly (Adam) and who said OMOG was buying shares and then issued hundreds of millions more share (many hundreds of millions of shares).
BDGR: $1.40
OMOG: $0.06
Ajor
Atotalbum, I found the newletter/motion humourous and VERY good news for BDGR, assuming one can read between the lines, if not right at the lines.
First, BDGR took a small nut (a small part of the assets OMOG is disputing) and turned it into a "mightly oak." Yes, BDGR is doing extremely well and does better each month. What has OMOG done with what it has? Oh, that is right: Produced more lawsuites with even more parties!
Secondly, "this motion was not to delay." Now, why would BDGR attornies want to delay anything? Do you think it will take next to forever for OMOG to get all it might have gotten with a reasonable settlement?
Thirdly, I did not notice BDGR mentioned in this lawsuite. Why is BDGR being talked about in regards to it?
Lastly, BDGR did not defraud OMOG of anything. There are some legitimate reasons why the Lanza's had control of those assets instead of the raider Adam. Adam, you see, as an "in the dark" outsider, did not contemplate that he did not know everything about the assets he was trying to legally "steal" by buying controlling intereest in OMOG behind everyone's back.
The assets he raided had legal paperwork connected to them that legally allowed the Lanza's/others to keep properites that OMOG thought it was going to get. Now, it is not to say that there were not some questions that need to be resolved, but not all the questions that OMOG thinks.
Adam has continuously disappointed with just about everything he has done since legally "stealing" OMOG. While BDGR has made a mightly oak, OMOG continues to make a mess of everyone's life. This is bad karma, IMO.
BDGR would have settled with OMOG. Otherwise, why would it show the raider Adam B and his OMOG lawyers anything of importnace to OMOG that OMOG now says it will use against BDGR? Was that OMOG's purpose in sitting down with BDGR? Or was Adam too obtuse to see when an outstanding and genuine offer had been made.
OMOG with Adam B, IMO, can't be trusted. He has proven it again and again. Heck, he even issued how many hundreds of millions of shares of OMOG while saying he was buying shares back! Isn't that enough proof of what I say about Adam!
Sure, the shares were for the lawsuite! And why did Adam sell many of his shares back to OMOG? What a joke this man is. I look foreward to seeing what happens in the end to all these OMOG/Adam B lawsuites. I'll list them for you next week.
Oh, in case this very important point escapes anyone:
BDGR announced a doubling of its proven reserves today. This is the second time that Adam B/OMOG put out what I consider anti-BDGR news on a great BDGR news day. Also, did everyone notice the jabs put in the newsletter about Lanza being a fellon. Not professional conduct. It is childish, IMO.
Again, BDGR did not grow from having a few wells that once belonged to OMOG (or were alledge to). BDGR grew because of sharp people like Rick Michael and the Lanzas who will continue to make BDGR grow and have continued to make it grow with very little input in assets that were once related to OMOG. And BDGR is not likely to give up more than it has already offered in arbitration, IMO. And, you see, I believe this because historically BDGR and the Lanza's have produced results and OMOG/Adam has not.
The OMOG situtaion is not black and white. Both Adam/OMOG and the Lanzas were sloppy regarding paperwork that should have been done. If it was all the Lanza's fault, that might be one thing, but it clearly is not.
OMOG is in danger of not only losing what it could have settleed for with BDGR, but with the Dome property, too, since its settlement is contingent on the outcome of this other lawsuite.
Adam doesn't seem too smart to me. He seems like a kid who thinks he has something on his big brother and thinks he is clever enough to get lot of money from his big brother.
Big brother is not as dumb as little brother thinks. Those who invest in OMOG are gambling, IMO, on a loser. Past performance is usually a good indicator of future performance. How has BDGR been doing? How has Adam/OMOG been doing?
Oh, lastly: I was surprised to see OMOG talking about running out of money from the lawsuites and saying this will not go on for years. Really? How about decades? Remember, even winning a judgement only means that. I'm sure any assets gotten will have major problems connected to them, don't you. Think about it. There will be loans. Polluted land to squabble over, many liens and rights to argue over. Oh, and what exactly is OMOG fighting for? Even they admitt they don't even know what they had. Kind of hard to get a judge to give you things you can't even name. And to only name the assets without corresponding liabilities is not believable, either.
But if you don't believe Ajor, believe the man who says this will be settled quickly (Adam) and who said OMOG was buying shares and then issued hundreds of millions more share (many hundreds of millions of shares).
BDGR: $1.40
OMOG: $0.06
Ajor
***Bought a bunch of BDGR yesterday at 1.20 ***
Eatmenasdaq, if you want credit for a great traded, you can't say what you bought after the stock is way up. Now, I thought BDGR was going to $0.49 or whatever number you gave yesterday.
You see, if your words are not consistent, you can't be trusted nor beleived.
Now, with Ajor, everyone knows what I have, when I have it and when I sell it.
I bought half my BDGR around $0.60 and the other half around $0.90.
Oh, and I have not traded or sold one share.
Smart? I guess we'll see what the future holds.
PS: I guess you'll say you sold your BIGN @ $0.065 next. No, you have held all your shares from that point down to now and will hold it down to $0.015 or so. But if you want credit for selling at a good price, you must say so. Or are you more interested in PUMPING on the boards so you can DUMP behind the scenes (need I ask?).
BDGR: $1.35b $1.37a (Oh, if you were waiting for $1.50, it looks like you are losing your profits. But you'll say you sold, won't you!).
Ajor
BDGR: $1.45b $1.47a 244,000 shares after 3.5 hrs.
This stock has sooooo much potential. It is amusing to me to watch people like Eatmenasdaq get all ooged over a stock like BIGN when BDGR is so much better.
Ajor
Eatmenasdaq, what do you think of today's news? Wait until we get listed. It is coming. It might be later than we all think right now, but it will come in due time.
If oil prices hold up, who knows how high this stock can go.
Oh, did you sell any BIGN yet? I hope so.
BDGR: $1.35b $1.38a 144,000
BIGN: $0.036b $0.037a
Ajor
I wonder if BDGR will be selling for $10 in one year. It does seem headed for that. The audit is being worked on. Maybe by August it will be done. It would be nice to close this case with OMOG, but it appears BDGR is now determined to go to court with OMOG and make them fight for anything they might have otherwise gotten agreeably.
BDGR is doing extremely well. Various deals are constantly being worked on. Many deals have already been completed. Shares, unfortunatly, as a result of all the deals, are available for sale by those who are not interested in holding stock. This, however, appears to be a buying opportunity.
One day, I suspect, those reading this thread will say, "Ajor kept saying this stock was worth a lot more. I should have bought."
But who knows? I could be wrong.
BDGR: $1.35b $1.37a
BIGN: $0.036b $0.037a (don't like)
Ajor
***Friday June 9, 8:00 am ET
Wexco Inc. Report Finds In Excess of 73 Million Barrels of Recoverable Oil Reserves on Black Dragon Properties
AUSTIN, Texas--(BUSINESS WIRE)--June 9, 2006--Black Dragon Resource Companies Inc. (Pink Sheets: BDGR - News) released today a reserve analysis of its Caddo Lake properties just completed by Wexco, Inc. Registered Petroleum Engineers. The report, which is available from Black Dragon upon request, estimates that the 5000 acres owned by the Company beneath the lake bed have over 73,000,000 barrels of oil equivalent as recoverable reserves. This combined with the 66,065,000 barrels previously reported on the land based Pine Island Properties equates to a 3.4 barrel reserves per outstanding share of Black Dragon common stock, assuming 40 million outstanding shares.
ADVERTISEMENT
Wexco Inc., based in Shreveport Louisiana is a nationally recognized petroleum engineering firm, serving both major and emerging oil companies over the past 25 years. The company has completed reserve analysis reports for several Mississippi Gulf clients like Black Dragon and is also recognized for its work as expert witnesses for such organizations as the Louisiana Conservation Commission, the Texas Railroad Commission, and the Oklahoma Corporation Commission.
Richard Michael, President of the Company stated, "We are pleased with the findings of the Wexco report which reconfirms the value of our company and as further reiterated by the March 15th Red Chip Companies recent research report on our company."
About Black Dragon Resource Companies, Inc.
Black Dragon is focused on the recovery of oil and gas reserves through acquisition and project development, specializing in mature and marginal field enhancement, developmental exploitation drilling and low-risk exploration opportunities in the Texas and Louisiana region.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Strategic Growth International, Inc.
Stan Altschuler/Richard E. Cooper, 212-838-1444
saltschuler@sgi-ir.com
rcooper@sgi-ir.com
or
Black Dragon Resource Companies, Inc.
Rick Michael, 512-442-4151
rick.michael@sbcglobal.net***
BDGR: $1.33b $1.37a 1.5 hrs into the session. 138,700 shares traded.
Ajor
Eatmenasdaq, the post about laughing is of value, actually. With any more dropping of the stock price, you can imagine me doing the same thing- laughing (actually, I'm serious!).
With that said, watch and learn (at least I hope you'll learn what I expect you to learn).
Anyway, I usually don't hold positions so tenaciously, but I think BDGR will pay off. Anyway, I'm up on everything I bought rather nicely and I haven't owned this for that long.
If I wasn't taking such a big hit on my precious metals and Emerging markets funds (still up slightly, but I was up a whole lot more a few weeks ago), I would not take such notice of my shrinking BDGR profits. And to add salt in my wounds, that PUMP and DUMP known as BIGN is still above $0.01.
Go figure
I have not sold or traded one share of BDGR. There is obviously selling going on, but a good amount of buying continues, too. Many shares have been issued and I suppose some are cashing in there shares. Plus, the Gemini deal will involve stock, so I hope they are not shorting so that they get more shares for their portion paid in stock.
In any case, the future looks very good for BDGR. You should be selling your BIGN and buying BDGR, but what does Ajor know?
Of course, who knows what a PUMP will PUMP up to, so who knows what BIGN will do. Now, as far as what BIGN is worth, IMO, I think around $0.01 is about right (OK, maybe $0.025).
We'll see what the future reveals. BIGN will issue more share and that should be interesting when the dilution starts again.
As you might have noticed, BDGR produces more and more results each month. Regarding BIGN, how is Grimes #1 doing? I told you 450 MCF/day did not make sense. I got that from the "horse's mouth." But no one believes me anyway.
***Light sweet crude for July delivery fell 47 cents to settle at $70.35 a barrel on the New York Mercantile Exchange.***
BDGR: $1.25
BIGN: $0.04
OMOG: $0.005
Ajor
BDGR: $1.22b $1.23a 377k traded. 20 min to go. EOM
You don't know what, yet? You seem to have my track record rather convoluted, so how would you ever understand a company?
Regarding BIGN, they are about to issue about 8 mil Reg 144 shares regarding the Gemni purchase. I wonder if we are not being shorted in relationship to that deal.
In any case, I just can't get myself to sell any shares. Maybe I'm being duped like you are with BIGN. I guess we'll see.
Eatme, it will be interesting to see what happens in the future. If we're lucky, we'll both be wrong and add to our nickels (BIGN going up and BDGR).
But Ajor's usually right, isn't he?
PS: Eatme, might want to pick up some BDGR again, and pick up more with each $0.10 drop (assuming it falls that much. I doubt it will go below $1.00 very long, assuming it can get there).
I'm not selling or trading one share. Audit is being worked on and production increases every month, unlike with BIGN.
BDGR: $1.22b $1.23a
BIGN: $0.038b $0.04a
Ajor
***BDGR is going lower .75 cents is my new prodiction. Based on the negitive money flow and Breaking the 50 moving average and no audited financials and issueing more shares and who knows they could have a convertible debt now also. Still being sued by OMOG. Hmmmm I see .75 easy. But dont listen to me I was saying sell at over 2.00 I said it would come back to 1.50. Now I say .75. But listen to AJOR he hurts people he sold a long time ago.
http://stockcharts.com/gallery/?BDGR***
Eatmenasdaq, I can't say what the stock price will do short-term, but long-term stocks follow fundamentals. I'm not selling or trading one share of BDGR and I haven't. I continue to very highly recommend BDGR. I will do so if it hits $0.40 again. And in the future, we will see if my recommendation to BUY BDGR pays off.
Again, I have not sold or traded one share of BDGR? Why? It is grossly underpriced and the market may at ANY time recognize this. I don't expect you to have a clue as to what I'm talking about since you are a PUMPER and DUMPER and seem to have little ability to analyze a company's worth.
Please keep bashing. It does not bother me. In fact, I encourage it. It makes it all the more fun when you eat your words in the future.
And if I am wrong about BDGR, so be it. I can't be right all the time, but I am as optimisitc about BDGR's future today as I have ever been.
Regarding OMOG, anything they do now will have less reward in it for them. You'll see. Only the lawyers benefit now. Adam B has NO Clue as to what he is doing. By owning OMOG, you are backing the wrong horse. By owning BIGN, you own almost pure pump. You'll see.
Regarding BDGR, it will be back up. I see at least $3 per share . . . but maybe Ajor is wrong
BDGR: $1.21b $1.22a
OMOG: $0.0053a
BIGN: $0.04a
Ajor
Derek RB has been rather strange. I can post for a day, then I can't. I e-mail them and the start me back up saying it was an accident for the same thing to happen all over again.
Regarding BDGR, we are getting beat up. However, I'm not selling or trading one share. One day we will be well rewarded for holding these shares, I suspect.
The company has done and is doing everything it said it will do. Regarding the lawsuite, it is minor. In my estimation, OMOG has claims to about 1,000 bbl of oil per month that BDGR is producing. I think OMOG has lost its chance to settle out of court. Now, BDGR will go for all it can with OMOG.
It is hard to watch a stock drop, but in this case, I think its going to turn around assuming that oil prices don't crash below $50.
Right now, things are getting better each day for BDGR. I suspect BDGR is being shorted again, or maybe it is many momentum players leaving.
Today is probably a good day to start picking up more shares. Maybe pick up more shares with each $0.10 drop (if it drops anymore).
BDGR: $1.21b $1.23a
Ajor
I visited the TNSX website today. It is well done. One of the best I remember looking at. http://www.transax.com/
Following is a copy of the FAQ portion of the site. If you are interested in TNSX, I think reading all the info on its site will be helpful in better understanding the company.
***What is the MEDLINK system?
It is a solution, which has the objective of connecting the providers of a medical network to the healthcare company, so they can make, in real time, eligibility and the authorization of claims and the capture of the data of the services for later payment.
What is eligibility?
Eligibility is the verification, based on the data of the claim to be done (user, provider, service, taxes, date), of the qualification of the user to have the requested medical assistance. This concept also applies to the provider, once it is necessary to check if it is part of the same medical network the user belongs to.
What is an authorization?
Authorization consists in approving or denying the execution of the medical service, based on the verification of the eligibility of the user and of the provider, which are detailed on the requested claim.
What is a capture?
The data that are used for the verification of the eligibility are the same used for the making of the billing of the requested medical service. Once the claim is authorized, the information related to the claim is already registered on the management system of the healthcare company for the execution of the billing routine of the provider.
What kind of healthcare companies can use the MEDLINK system?
All of them: insurance companies, group medicine companies, self-management companies, cooperatives or healthcare managers.
What kind of providers can be part of the MEDLINK system?
All of them: doctors offices, therapy and diagnosis services, specialists, clinics, dental clinics, hospitals and laboratories.
What kind of services/claims can be authorized and captured?
Every one of them: simple outpatient visits, visits associated to procedures, exams, therapies, and in patient procedures.
How does the MEDLINK system work in cases of internment?
Fundamentally, the MEDLINK system is oriented for out patient claims. The characteristics of this kind of event, whose start and end are foreseeable and immediate to the medical service, make possible the verification of eligibility, the authorization and the capture of the data in the same electronic transaction.
Is there, at this time, any MEDLINK solution in development?
Yes, there is. Medlink Technologies Inc. a wholly owned subsidiary of Transax - the company that owns and has responsibility for development of the MEDLINK system, works on the development of a solution of capture, in real time, of every data and items that relate to a hospital account, allowing the monitoring of the evolution of the bill for management and audit ends.
How is the connection undertaken?
The connection starts when the reading of the magnetic strip of the identification card of the user is undertaken. Then the provider must inform the data relating to the type of claim, so the electronic transaction can commence. There will be a verification , eligibility and the authorization or denial of the service. Once authorized, the provider may undertake the medical service authorized by the insurer.
Is it obligatory the use of the magnetic card?
No. But we believe that the use of the magnetic card provides more safeguards to the process and helps reduce fraudulent claims.
How do the providers connect to the healthcare company?
The MEDLINK system can be accessed through different solutions: MEDLINK Phone (by telephone, with IVR technology), MEDLINK POS (point of sale terminal, similar to the credit card terminals), MEDLINK PC (applicative software installed on the provider's computer), MEDLINK Server (installed in a server with the MEDLINK solution in the provider's location), MEDLINK PC NET (similar to the server solution but operating in a Windows environment) or through the MEDLINK web portal - the MEDLINK Web solution.
Why so many options?
We believe the advantages and benefits offered by the MEDLINK system increases when all the provider network is connected. This is possible because of the flexibility, of our solutions. The easy integration to the provider's environment is very important: the MEDLINK system does not impose adaptability patterns and does not demand major modifications to the provider's structure.
How is it possible to know the best form of connectivity for one provider?
The implementation of a MEDLINK solution is preceded by a number of steps that clears this question. One of them consists to analyze the environment of each provider, its volume of transactions and the nature of the services, so we can identify the kind of connection and MEDLINK solution that best fits the provider's environment.
In case that there are many providers sharing the same clinic or environment, is there the necessity to install f many terminals?
No, because all the MEDLINK connectivity resources allow sharing - many providers can use the same terminal (POS and PC), even if they belong to different healthcare plans (since the healthcare plans are part of the MEDLINK network). But if the volume of transactions justifies the installation of more than one terminal, this is completely possible.
How does the MEDLINK system deal with controlled procedures, when the user has to obtain guides or previous authorizations?
Controlled procedures - with rules that have to be observed as pre-conditions for the release of the service - are automated by the MEDLINK system, dispensing the necessity of phone calls to a call center or the dislocation of the user to an attending center.
Is it MEDLINK that analyses and authorizes the execution of a medical service?
No, it is the healthcare plan, through its authorizer.
What is an authorizer?
It is an application that has parameters for every business rules set for the verification of the eligibility and authorization of the medical procedures. Those rules include all the data of the users, their kind of plans, medical providers and their contracts, history of utilization of the user and the many tables used by the healthcare company to analyze the events.
Does the authorizer have direct access to the database?
Not necessarily. If the healthcare company chooses to preserve its database, the authorizer can contain many tables with the important data, to be imported and kept just in time.
And if the healthcare company does not have or is not interested in develop an authorizer?
Medlink Technologies Inc. can provide or build a specific authorizer with the software being housed at the insurer or on the Medlink Network processor.
Where is the authorizer installed?
The healthcare company decides where to place the authorizer. It can be placed close to the Medlink network manager or in the physical location of the healthcare company.
Who is responsible for the authorizer?
The authority and responsibility for every rule and data used by the authorizer are entirely the responsibility of the healthcare company.***
TNSX: $0.20
BDGR: $1.50
Ajor
Crabbermike, is the RB site working? I keep getting blank screens.
Ajor
***The shares outstanding for Black Dragon as of 6-5-2006 is 40,108,092
shares.***
BDGR: $1.50b $1.51a
Steady buying in BDGR at $1.40 +
Ajor
***Your response indicates that you know nothing about litigation. You might know more about stocks than I do, but I think I got you beat in litigation. Also, you state that OMOG should have been sold by now. If you look at the chart, we are close to, if not at its floor. there is only room for it to go up. ***
Redboots, I'm not sure why you say you know more about litigation based on that post. Can you be more specific?
Also, regarding being near its floor, that is my point. It was around $0.014 recently and should have been sold as betting that this company will get a windfall from lawsuits therefore making this stock skyrocket on fundamentals is gambling at best, IMO. Yes, it could go higher on a PUMP and DUMP, but look at the past track record of Adam B of OMOG. It is not very encouraging, IMO, except to hope for a PUMP where you can DUMP.
Winners tend to win, and losers tend to lose. Those who run BDGR are winners, IMO. OMOG will probably continue to disappoint, but who knows?
BDGR: $1.50b
OMOG: $0.0058b
Ajor
***I agree that this might have been a tactic to bring everyone to the table for better negotiations and am totally confident that a lucrative settlement for OMOG shareholders will be reached.***
OMOG is a pump and dump. Any settlement divided by 1.7 billion shares will be a disappointment, IMO. OMOG has already hit the optimistic fair value recently, IMO. Except for those playing a pump game, this stock should have already been sold.
OMOG has and will continue to disappoint. OMOG needs to be bought out by BDGR for any real value to be extracted for shareholders, IMO.
OMOG should have gone to court April 17, 2005, if they really wanted to move things alone. I think what is going on now is a delay tactic for the late year buyout by BDGR involving cash and stock. But we'll see.
BDGR: $1.48
OMOG: $0.006
Ajor
BDGR's CEO is an oil business lawyer. BDGR has the opportunity to settle if it wants, but it is not in BDGR's interest to do so, at least not at this time. I find it curious that OMOG is only now, after four revisions of its lawsuite adding BDGR to the lawsuite. That tells me that OMOG's position with BDGR is somewhat weak.
I am fairly certain that those running BDGR are much sharper than those at OMOG. The CEO of OMOG has been involved in numerous lawsuites with various parties in various industries. He is becoming somewhat of a joke, IMO.
But we'll let the future reveal the value of these lawsuites. Again, I believe that OMOG is legitimately entitled to some of the disputed properites (they are not "stollen"), but not what OMOG argues.
BDGR: $1.48
OMOG: $0.006
Ajor
***Monday June 5, 5:40 am ET
Oil Prices Jump on Iranian Supreme Leader's Threat to Energy Supply
SINGAPORE (AP) -- Oil prices jumped Monday in reaction to a threat by Iran's supreme leader that his nation could jeopardize the world's oil supply if the West punished Tehran over its nuclear program.
ADVERTISEMENT
Light, sweet crude for July delivery rose $1.02 to $73.35 a barrel in Asian electronic trading on the New York Mercantile Exchange, midafternoon in Singapore. The contract rose Friday to $72.33 following the kidnapping of eight foreigners working on a drilling rig off the coast of Nigeria. The workers were released Sunday.
July Brent crude futures on London's ICE Futures rose $1.03 to $72.06 per barrel.
Iran's supreme leader, Ayatollah Ali Khamenei, who has the final say on all state matters, addressed Western nations in a speech Sunday, saying: "If you make any mistake (punish or attack Iran), definitely shipment of energy from this region will be seriously jeopardized."...***
I like to post what oil is selling for from time to time so those who review this bb later will know what was going on in the world while BDGR was at any particular price.
BDGR: $1.48
Ajor
***ajor1, your banter proves the point, bdgr has a lot of dirty laundry ;)***
Adam B of OMOG raided OMOG and took control of it. What he did was legal, but perhaps not ethical. As a result of the company essentially being stollen and BDGR management being shrewd, OMOG will find it difficult if not impossible to gain nearly as many assets as the raider had hoped. In fact, if he does continue to litigate with BDGR and loses ground, even what OMOG appears to have won will be lost as the past settlement announced a year ago with another company was a conditional settlement.
I don't think Adam B will want to continue to fight. On the other hand, maybe he is nuts and will and will continue to ask for outrageous amounts. All I know is that OMOG and Adam B have and are losers. BDGR and its management are winners and I like to stick with winners. Of course, maybe OMOG will get lucky and win more than I expect in the courts and actually, somehow, be able to collect. But I doubt it and I don't like to gamble unnecessarily.
Again, go with the winner: BDGR.
Assuming OMOG wins and wins all it can even hope or think to win from BDGR, it will not amount to a crippling blow to BDGR and the $1.48 per share for BDGR will still be a very good price.
BDGR: $1.48
OMOG: $0.006
Ajor
mcmike, nice post and I appreciate you input. I'm glad you have found the news releases helpful. Old news releases are, perhaps, the most important source of info on a company, IMO.
By reading the old news releases, I get an idea of how reliable past projections have been and, therefore, I'm better able to acertain the value of current news reports. Also, as you noted, one can get a good idea of trends.
Regarding Hi-beam, it costs about $99 per year to subscribe. I like it as I can find a lot of info quickly from anywhere.
I like how you cross-referenced the news posts in your own post.
Given the amount of interest I have in TNSX, I will consider your advice to buy at least a starter postition in TNSX.
BDGR: $1.48
TNSX: $0.22
Ajor
Crabbermike, RB said that my posting suspension was an accident. However, the site is down as I write this, so I can't post there anyway!
RB is much more strict with its filters, often blocking posts that have certain addresses or other screens of interest. In some ways IHUB is superior, but I like that RB allows one to easily track the history of a poster.
I'll probably post on both sites as I usually do.
TNSX: $0.22a
BDGR: $1.48
AJOR
***To paraphrase....
"The properties related to the complaint comprise less than 5% of the current properties"
That's ok by me, especially when less than 5% of the current properties are the greater percentage of the total asset value unrelated to the complaint ;) ***
JMAP, don't get too excited about BDGR. The most OMOG can win is about $7 mil from BDGR. OMOG will take it or risk losing everything. Do you think Adam really wants to gamble all? The best he can hope for is to wait for many years to collect what he could otherwise collect fairly quickly.
It is not disputed, as far as I understand, that OMOG has a claim to some of the assets that BDGR has in its possession. However, it is highly debated regarding the amount. I simply don't see how OMOG can win a battle with BDGR. And I don't see how it is to the advantage of either party to wait to settle this. OMOG will get about $7 mil, but, then again, since OMOG can't be trusted, maybe BDGR will just choose to fight absolutely everthing rather than risk any vulnerability.
I think BDGR should buy OMOG, but maybe Adam needs to start losing some court battles.
BDGR: $1.48
OMOG: $0.056
Ajor
Crabbermike, I may start my own website. The BIGN pumpers have institued a complaining compaign that is being successful. RB has kicked me off, apparently, again. I-hub won't let me post about BIGN, either, or open my own board on BIGN.
I think my infraction is mentioning the stock I like anywhere in my post. I refuse to be censored for a post, so I guess I'm doomed to be kicked off these threads. As you know, I probably add more good posts to these threads, and generate more interest on a thread, than what most posters do.
I don't want to start my own website, but I guess I'll have to if I don't want to keep dancing around the stupidity of others. Or maybe there just is not a thread made for my type of posting. I think a poster should not only post what he doesn't like, if he is bearish, but what he does like.
Regarding TNSX, I'm glad someone appreciates my work. I see TNSX had a good day today. Too bad. I am hoping it stays down long enough for me to flip from BDGR to TNSX. But in the meantime, it just keeps rising.
I'm committed to BDGR for now, but TNSX is interesting.
BDGR: $1.52
TNSX: $0.22
Ajor
Has anyone learned anything new about TNSX by reading these old news reports? Any comments? Has everyone read this news previously? Any feedback?
I thought I would have seen more comments after posting this?
TNSX: $0.15b $0.165a
BDGR: $1.54b $1.57a (I have my money on BDGR at this time).
Ajor
Eatmenasdaq, there is only one thing you and I seem to agree on: That penny-land is the place to be.
Where you jump on pumps and dumps, Ajor1 jumps on companies that tend to be successful.
Ajor values companies and you seem to pump and dump companies.
Not a bad way to make money, but perhaps not very honest if you give overly glowing reports on companies that really don't have such good prospects.
Regarding OMOG, they have had very little if no real success since Adam B has taken over. The company bought back hundreds of millions of shares only to issue many, many more hundreds of millions of shares to the surprise of most shareholders. That seemed rather underhanded, don't you think Eatmenasdaq?
And where is the oil and gas production this company has been working on producing for the last year, even not including any disputed assets?
OMOG seems run by a lawsuite producing spoiled brat, IMO.
Eatmenasdaq, how is your pump and dump with OMOG doing so far? I will agree that OMOG, if it plays its cards smartly (being bought out by BDGR or settles), it will end up with some real winnings. But how much? It could be more than I expect, but I don't like to gamble or pump based on pie-in-the-sky wishes.
Now, BDGR has produced, is producing and continues to produce results. Too bad Eatmenasdaq was making fun of my BDGR pick @ $0.45 instead of buying it!
Is it too late to buy BDGR? I don't think so. I see $3+, with a decent chance of at least touching $10.
But we'll see.
BDGR: $1.54b $1.58a
OMOG: $0.0051
BIGN: $0.046
Ajor
Was Adam B forthright about the 700 million shares issued?
Was Adam B forthright with OMOG management before raiding it?
Was Adam B forthright about the last oil deals?
What has Adam B done for OMOG? Oh, lawsuites? Pie-in-the-sky promises. Let's see how he continues to do. So far, he couldn't even come up with court in April as promised . . . but I think OMOG will be bought out by BDGR.
But what does Ajor know?
I think BDGR is waiting for the audited financials for its loans to go through and for its production to start dramatically increasing with its drilling program. Then BDGR will buy out it problem OMOG . . . but no one is saying that so far . . . but to me it makes sense.
Will Adam B come to his senses and get some BDGR stock and join in on the ride of AMEX listing, etc?
If you own OMOG, you might want to call him and tell him to "get in gear." Then again, maybe the deal has already been unofficially made and all parties are just waiting for some things to fall in place for BDGR first, like the audited financials, loans, Gemini purchase, other purchases and then announce an OMOG settlement/buyout.
Or maybe Adam is crazier than even I think.
We'll see.
BDGR: $1.56
Ajor
***Ajor, OMOG is almost worth nothing to us. If we buy OMOG, we will be buying into their lawsuits. We will be better off letting them fade away into nothing.***
Derekz, I'm not sure you are totally right. They are worth milliions, but maybe not the multi-tens of millions they think. I think BDGR would settle for about $7 mil. I think if a multi-party settlement could be made, we would do it. But doubt Adam B can be trusted and if he can't be trusted, why would be tell him more about the disputed assests if that info is likely to be used against us.
In other words, BDGR will probably be better of to be quiet than to talk to much, even if in good faith. It will take OMOG a long time, I believe to settle. I doubt Adam wants to give up the best years of his life in court. I'm sure BDGR would like to get things behind. OMOG and BDGR should settle, but it will be a very board settlement with as little info given as possible. Under these terms, it seems best to just buy out OMOG. I'm not sure if that is practical or not.
But OMOG, as I understand it, probably does have a legitimate claim to some assets, but not the windfall OMOG dreams of, IMO- at least not from BDGR.
If I had guess, I'd say we will buy OMOG. However, that is not what I have heard from anyone. This is just my reasoning, without complete knowledge, at work.
In any case, BDGR continues to fully meet my expectations. This company is really rather transparent. All one has to do is listen to what they have said, and what they have done in the last 1.5 years. In some areas they are slower than hoped, but in others they are doing well.
PETD has not reported this quarter, but I wonder if that is so that they can keep some of the dealings between BDGR and PETD quiet so that it is harder for OMOG to know anything.
I hear not buyout of OMOG, but my commonsense is that that is what they both need to do.
BDGR closed strong. I hear there will be some updates on BDGR soon. I hear there will be an update on the OMOG news soon. Management, I hear, has been in NY. I wonder what is up.
I believe they will be back tomorrow. We have had a few major news releases recently. I think we're going to have more and that we will be above $2.00 per share and the way to much higher numbers. If the price of oil stays up, this will be a very fun next 12 months.
I have not sold or traded one share of BDGR since I bought my fist share below $0.60 per share.
Happy days. The market has not recognized what happened today, but eventually, I think, they will catch on.
I love these penny stocks. Few seem to know what they are doing and it is easy to get in very early on these great stories.
BDGR: $1.54b $1.57a 784,000 shares.
Ajor
Updates are coming. Much of this purchase of Gemini will be for cash financed via a credit line.
I'm not sure how much stock will be involved.
We are going AMEX ASAP, IMO.
Although I think it would in theory be nice to buy out OMOG, it looks like they are not being reasonable enough or trusthworthy enough to give more info to.
Audited financials, of course, are being worked on. Much news is pending. This should continue to be an exciting year.
Is Ajor going to continue to be right about BDGR? Only the future will tell. Will BIGN go back to sub penny in the future? Only the future can say, but you know what I think.
BDGR: $1.52b $1.53a
BIGN: $0.042b $0.044a
OMOG: $0.005a
Ajor
While Eatmenasdaq and friends come up with pumps, Ajor comes up with a company that keeps coming up with real results. I predicted before that BDGR would buy OMOG. Was this the deal that could have been OMOG, or a hint of what could be with OMOG? I still think it is best for OMOG to join forces with BDGR. Now, BDGR is even larger and more appealing. BDGR will probably go the the AMEX with its new size. Doesn't it make sense for OMOG shareholders to get rid of Adam B and join forces and stop wasting money on lawyers fees for money that may never come. Going Amex with BDGR could be the best think that ever happened to Adam and friends.
On the other hand, BDGR appears to be leaving OMOG in the dust. BDGR could fight this for decades. And winning a major lawsuite won't help OMOG as then they have to fight for almost every well and every liabilitiy that might go with it.
Some said BDGR couldn't buy OMOG. I think this shows it can and still will be able to by the beginning of next year at the latest. But don't expect any get quick schemes with BDGR. BDGR has a lot of money and smart people behind it. Adam B of OMOG admitts he didn't know anything about the business. Sad for OMOG shareholders. What results have you gotten so far, especially when compared to BDGR?
BDGR's news today of its $25 mil purchase of Gemini:
***Thursday June 1, 12:21 pm ET
Adds 8500 Barrels of Oil Equivalent per Month -- 525 Wells, 7000 Acres of Oil Property, Additional Caddo Lake Drilling Rights and $4 Million of Equipment
AUSTIN, Texas--(BUSINESS WIRE)--June 1, 2006--Black Dragon Resource Companies, Inc. (OTCPK: BDGR) announced today that it has entered into an agreement to purchase all of the issued and outstanding shares of stock of Gemini Explorations, Inc ("Gemini") a privately held Louisiana corporation and additional assets held personally by the owners of Gemini, who are Eugene DuCharme and James Vozzella. Both Messr. DuCharme and Vozzella will join Black Dragon upon the closing of the transaction and will enter into long-term management agreements with Black Dragon. The Gemini team will provide in house expertise in the areas of property management, maintenance, drilling etc. Total purchase price for Gemini and the non-Gemini assets is $25 million, payable in cash and stock. The existing $2.3M note held by Gemini for its prior sale to Black Dragon of shallow rights at Caddo Lake will be extinguished at the closing. The closing of the transaction is subject to final due diligence and other conditions of closing.
ADVERTISEMENT
Gemini, which specializes in the development and management of mature oil and gas properties, has been actively engaged in oil and gas exploration, production and operations in Northwest Louisiana for over thirty years. The purchase will bring Black Dragon not only valuable assets in its major area of operations but also expertise, management and equipment that significantly increase its ability to continue its growth and productivity.
The primary oil and gas mineral assets included in the transaction are:
1) The Hollenshead O&G, LLC properties acquired by Gemini in 2005. These properties cover 4700 acres of land with 525 previously drilled wells. Approximately 250 of those wells are currently in production. Gemini expects to place the remaining wells in production over the coming 12 months. Management believes that when all of these wells are equipped and salt water disposal is completed that these wells will produce approximately 500 barrels of oil per day.
2) Black Dragon will now have additional deep drilling rights (in excess of 3000 feet below the surface) held by Gemini to the lake bed of Caddo Lake.
3) 2300 acres of undeveloped mineral interests located on the Texas side of the Texas Louisiana State lines on the north shore of Caddo Lake.
4) 3 oil wells in the Shongaloo and Honore fields in Bossier and Caddo Parishes producing approximately 20 barrels of oil per day.
5) The DVI gas compression station and gathering system in the Pine Island - Caddo Lake area, which are currently processing 7,000 mcf of gas per day and are currently generating $135,000 per month in revenue. In addition to Gemini's gas production, this facility will significantly enhance the value of Black Dragon existing gas properties.
6) Over $4 million of various support equipment including rigs, tug boats etc.
7) Both field and headquarters offices in the Shreveport vicinity
According to Rick Michael, President of Black Dragon, "With this acquisition, Black Dragon has positioned itself to aggressively continue its growth in production and revenues in the concentrated area of Northwest Louisiana's proven, mature oilfields. After closing Black Dragon will have over 2000 wells on over 20,000 acres and significant physical equipment to develop those reserves. Combined current production currently exceeds 18,000 barrels per month and is growing daily. Our goals of 1,000 barrels per day by year end are within sight."
Mr. Eugene DuCharme, CEO of Gemini Explorations added, "We have had a close working relationship with Black Dragon over the last few years and have come to recognize the important synergies that are possible between our two companies. My management team and I look forward to immediately joining forces and taking advantage of the opportunities for growth provided through our joint efforts."
About Black Dragon:
Black Dragon Resource Companies, Inc. 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.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Strategic Growth International, Inc.
Stan Altschuler / Richard E. Cooper, 212-838-1444
Saltschuler@sgi-ir.com
RCooper@sgi-ir.com
or
Black Dragon Resource Companies, Inc.
Rick Michael, 512-442-4151
www.black-dragonoil.com***
BDGR: $1.53b $1.54a
Ajor
Today's news about buying Gemini is very big news. Unfortunatley, we don't know enough about it to say how good a deal it might or might not be. I think I need to do more snooping.
I expected a big acquisition, but not this soon. This was also on the big side of what I expected. Is OMOG next?
I suspect this will get us to the AMEX. We just crossed the line from .OB to AMEX listing, I suspect. Of course, this is going to make for some complicated auditing, but I suspect much of the work with Gemini has already been done.
Very exciting for BDGR shareholders. The company appears to be very conservative at this point. We are now up to 18,000 bbl per month and we were looking to reach 30,000. I think this purchase makes 30,000 per month very likely in the foreseable future.
Eatme, see how a real company operates
BDGR: $1.52b $1.54a
Ajor
Thursday June 1, 12:21 pm ET
Adds 8500 Barrels of Oil Equivalent per Month -- 525 Wells, 7000 Acres of Oil Property, Additional Caddo Lake Drilling Rights and $4 Million of Equipment
AUSTIN, Texas--(BUSINESS WIRE)--June 1, 2006--Black Dragon Resource Companies, Inc. (OTCPK: BDGR) announced today that it has entered into an agreement to purchase all of the issued and outstanding shares of stock of Gemini Explorations, Inc ("Gemini") a privately held Louisiana corporation and additional assets held personally by the owners of Gemini, who are Eugene DuCharme and James Vozzella. Both Messr. DuCharme and Vozzella will join Black Dragon upon the closing of the transaction and will enter into long-term management agreements with Black Dragon. The Gemini team will provide in house expertise in the areas of property management, maintenance, drilling etc. Total purchase price for Gemini and the non-Gemini assets is $25 million, payable in cash and stock. The existing $2.3M note held by Gemini for its prior sale to Black Dragon of shallow rights at Caddo Lake will be extinguished at the closing. The closing of the transaction is subject to final due diligence and other conditions of closing.
ADVERTISEMENT
Gemini, which specializes in the development and management of mature oil and gas properties, has been actively engaged in oil and gas exploration, production and operations in Northwest Louisiana for over thirty years. The purchase will bring Black Dragon not only valuable assets in its major area of operations but also expertise, management and equipment that significantly increase its ability to continue its growth and productivity.
The primary oil and gas mineral assets included in the transaction are:
1) The Hollenshead O&G, LLC properties acquired by Gemini in 2005. These properties cover 4700 acres of land with 525 previously drilled wells. Approximately 250 of those wells are currently in production. Gemini expects to place the remaining wells in production over the coming 12 months. Management believes that when all of these wells are equipped and salt water disposal is completed that these wells will produce approximately 500 barrels of oil per day.
2) Black Dragon will now have additional deep drilling rights (in excess of 3000 feet below the surface) held by Gemini to the lake bed of Caddo Lake.
3) 2300 acres of undeveloped mineral interests located on the Texas side of the Texas Louisiana State lines on the north shore of Caddo Lake.
4) 3 oil wells in the Shongaloo and Honore fields in Bossier and Caddo Parishes producing approximately 20 barrels of oil per day.
5) The DVI gas compression station and gathering system in the Pine Island - Caddo Lake area, which are currently processing 7,000 mcf of gas per day and are currently generating $135,000 per month in revenue. In addition to Gemini's gas production, this facility will significantly enhance the value of Black Dragon existing gas properties.
6) Over $4 million of various support equipment including rigs, tug boats etc.
7) Both field and headquarters offices in the Shreveport vicinity
According to Rick Michael, President of Black Dragon, "With this acquisition, Black Dragon has positioned itself to aggressively continue its growth in production and revenues in the concentrated area of Northwest Louisiana's proven, mature oilfields. After closing Black Dragon will have over 2000 wells on over 20,000 acres and significant physical equipment to develop those reserves. Combined current production currently exceeds 18,000 barrels per month and is growing daily. Our goals of 1,000 barrels per day by year end are within sight."
Mr. Eugene DuCharme, CEO of Gemini Explorations added, "We have had a close working relationship with Black Dragon over the last few years and have come to recognize the important synergies that are possible between our two companies. My management team and I look forward to immediately joining forces and taking advantage of the opportunities for growth provided through our joint efforts."
About Black Dragon:
Black Dragon Resource Companies, Inc. 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.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Strategic Growth International, Inc.
Stan Altschuler / Richard E. Cooper, 212-838-1444
Saltschuler@sgi-ir.com
RCooper@sgi-ir.com
or
Black Dragon Resource Companies, Inc.
Rick Michael, 512-442-4151
www.black-dragonoil.com
Crayzi, the ASPR story is interesting, but not certain enough for me to hold at this time. I'll keep following it so see what develops. Maybe we'll make money on ASPR yet.
I don't have TNSX yet, either, but it does have a lot of potential. It does seem they are moving forward, even if more slowly than they had hoped at various times. The stock is not selling that low considering that it is not yet profitable. But if the product can now successfully make it in the US, that could make this a very big winner.
I'm still holding 100% BDGR in my trading funds. I have not sold or traded one share of BDGR.
BDGR: $1.52b $1.56a
TNSX: $0.152b $0.165a
ASPR: $0.295b $0.375a
Ajor
Eatmenasdaq, I keep close watch on the shares issued and outstanding. Now, as you will see, there are about 40 mil shares outstanding. There were about 7 mil preferred shares back when we had about 33 mil shares issued and outstanding. We now have 40 mil shares issued and outstanding, so I'm wondering if the preferrred shares converted to common, increased the issued common, and started to be sold when we dropped from about $2.
I suspect that is what happened. As you might have noticed, despite 7 mil shares converting with some of these being flipped for a profit, the stock has held up rather nicely. In time, these common will be asborbed. Each day their effect seems to be less.
In the upcoming months, BDGR should continue to increase monthly bbl of oil produced and revenues. Unlike BIGN, this is happening on a reasonable schedule to what has been predicted. If this company produces audited financials, then they will get listed on a larger exchange. I expect the AMEX, but I might be wrong. At least I expect .OB status.
I guess it depends on the price of stock when they are ready to move upwards. I think $3.00 is reasonable. If they hit $3.00, they will probably be listed on the AMEX (I can't see why not). If they can get on the AMEX, then $10 is within reach, IMO. But who knows?
But this stock seems to have strong support. We have many shares being sold (from preferreds conveting?), but we have a lot of buying (those accumulating before the listing?).
And the drilling program isn't even really going yet. It should be much better later in the year. This is why I can't get myself to sell any BDGR.
Now, BIGN has gone up nicely, but I don't believe anything they say. We'll see what the future reveals.
BDGR: $1.54b $1.55a
BIGN: $0.048b $0.05a
OMOG: $0.0046b $0.005a
Regarding OMOG, they have not produced anything they have promised in the past and I don't like betting on losers. BDGR has produced and continues to produce.
Ajor
***As of 5-31-2006 there are 40,108,092 shares outstanding for Black
Dragon
with 250,000,000 shares authorized.
As of 5-24-2006 there are 40,108,092 shares outstanding for Black
Dragon
with 250,000,000 shares authorized.
Please note I was not aware of your initial request.
Thank you
Jason M. Bogutski - President
Signature Stock Transfer, Inc.
2301 Ohio Drive - Suite 100
Plano, Texas 75093
Telephone Number 972 612 4120
Facsimile Number 972 612 4122
Email Address signaturestocktransfer@msn.com***
***You said on April 9, "Monday it will start falling hard. 1.08 is my prediction." Ever since you got on this board, you say it is going to drop. Since that $1.10 day, where are we now? Looks like we are dropping like a rock. Your predictions are incredible here. So far you have not proven yourself. AJOR is more correct than you.***
Eatmenasdaq, isn't Ajor usually right? BDGR to $3+, BIGN to $0.01.
OMOG is an inferior investment. OMOG has a poor track record. BDGR produces more oil every month. Follow the oil trail and you'll find the dollars.
Where is the oil at BIGN or OMOG? All I've seen is hot air. And Ajor doesn't like to gamble. He respects each and every nickel. He takes care of his nickels and his nickels take care of him.
BDGR: $1.53a
OMOG: $0.049a
BIGN: $0.05a
Ajor
***i think we have found support. young is nothing we want bdgr***
OMOG is a flea on the anus of BDGR. Eatmenasdaq, you need to do your DD on this. I tried to help you when you bought OMOG at much higher prices.
BDGR produces results; OMOG produces nothing! It has not even produced the past April 17, 2006 court date it once promised!
And you don't think OMOG should/could have had BDGR on the lawsuite earlier? Nothing has changed but OMOG's antics . . . well, even they have't changed as per Young oil.
Adam B sues a lot of people. I suspect he was a spoiled only child, but who knows?
In any case, how will OMOG rasie more funds? Will they sell another 700,000 mil shares buy surprise?
BDGR will eat OMOG.
BDGR: $1.54b $1.57a
OMOG: $0.048b $0.049a 17 mil after 45 min
BIGN: $0.055b $0.057 (go'n down to $0.01?)
Ajor