Here are a few comparisons of listed and reporting stocks in the oil and gas industry.

AEZ- rev. 3.8 million -net loss -share price relative to BDGR 3.14

AOG- rev. 23.0 million -net loss- share price relative to BDGR 2.26

BPG- rev. 1.2 million -net loss- share price relative to BDGR
.50

DNE- rev. 9.2 million- net loss- share price relative to BDGR
1.45 (this company is most similiar to BDGR in location and business) they also have 67 million in debt.

SCU- rev. 12 million- net loss- share price relative to BDGR
.87 (they have 69 million in debt)

WHT- rev. 4.5 million- net loss- share price relative to BDGR
.71

There are more and you can determine what is important and not to attain a share price, but as I've said all along BDGR's revenue and production make it far underpriced to other companies. Based on their Friday statement, revenue will probably be well over $3 million this year and much higher next.

LGL, this "naked" short story has been brought up by several reliable sources. It seems that the people who could verify it will not, for whatever reason. But people who are in this type of business have stated that this is done with these kind of stocks and Bdgr has shown the trading action of this. I do not know enough about naked shorting and frankly would not short a stock with a low price with infinity on the upside. But, it is done.

What would you like an explanation of?

TBird. Lou can certainly speak for himself and has no trouble doing it, so I take exception to being a mouthpiece. If Lou can divulge information, all will be told. Other than that, it will be just my opinion or how he speaks or acts. I do my own DD and we do talk about that, but this has been more in relation to who is being truthful and who is not.

I agree that buying back shares is not totally beneficial for the company if done with all there cash. If a percentage of cash is used for buybacks and the remainder for growing, that's the best. But look at this scenario, if the company buys back shares and retires them it is great for the shareholders by nature of supply and demand plus earnings per share. Another idea is buying back cheap shares and using them to acquire assets when share price is much higher. Good luck.

The calculations are not totally accurate and the projections a little rosy, but it stills describes a company very unlike what some people have portrayed here. I'll update some comparisons this weekend and list them to help people realize what this .10 stock should be(hint: it's not lower). Good luck to all. Lou, how's the spaghetti?

Gary, thanks for the response and hopefully all will realize the past is over and the future is worth waiting for.

TBird, my gut feeling is that based on the prior address of Gary, yes. I will pass that along to Lou. If you are making reference to the relevance of this and the audit at BDGR I would say that my concern is limited. My impression is that Malone & Bailey are directing what is required.

On the production numbers- 9000 barrels produced at their (BDGR)percentages is break even at $60/barrel. The reduction in employees and $70 oil lowers the necessary barrels. Expectations are the month of July will produce enough oil for this, the shipping rate is the issue. If they ship 9000 barrels before July 31st they will be cash flow positive by the end of August.

Lou has discouraged an aquisition at this time because of the stock price and I agree, there are other talking points. I'm hoping Lou has some information to share when he gets back. Take care.

Ridge, what math are you referring to.

Lou seems to be in a good mood down in La. and I do not think it's because he lost $35 at the blackjack table. Where is accurate?

Cannot confirm the number at this point but I've heard the same range from a couple of sources. Weather has and is still an issue. The layoffs were partly due to a decision to lower costs to attain positive cash flow sooner. The company was hoping for this to occur in August. I believe this is one of the issues CT is down there to evaluate.

OMOG has gone to no bid and ask at .0001. The market makers look as if they are exiting the trading of that so-called security. If you have researched Barnett's history, this is appropriate.

Offaly, you are correct with the transparency and we are approaching break even on cash flow despite the weather issues in La. I am expecting more positive announcements(that are accurate) in the near future.

I would suggest you hold on.

The obvious absence of CT from the board is not due to a lack of interest but a concerted effort on his part to exact some positive change at the Dragon. He has stated in the past that he did not want to travel to La. unless he felt that he could accomplish some advancement in some of the areas that have been discussed on this board and between him and the company. Frankly, I felt that he did not want to go and have the possibility of coming back from there having wasted his time and his money.

Lou will be flying to La. Wednesday morning and will be staying there until the weekend. I'm sure he has a multitude of questions to ask and many more that he will not have time for. What he can divulge and not divulge when he comes back may be distressing for some but I'm sure we will all be in a better position because of this trip.

one last point, where's my buddy, accurate? Is he on vacation or has he been fired? Or maybe he knows something about Black Dragon that is making him ill.

Maverick, there are time guidelines to follow when you complete and SEC audit and apply for an exhange listing. I believe the statement alludes to this subject.

I find it interesting that noone has anything to say.

Like i said, I agree with you, and that should make you nervous. I just do not know about the timing, sometimes it takes longer for the washout then I predict. I do not know much about the other but I will look it up. Good luck and thanks.

Local, is there a way to access production out of Texas olifields. I tried TRRC and could not get specific data. Am I just missing the proper location on the site?

On the XLF, did you make that trade on a fundamental observation or a technical parameter? I am curious to the reason because it seems to follow some of my thinking.(which is probably not reassuring for you) Thanks.

I"ll paste one for you since you like " accurate ". There are many more if you do your homework. Barnett is being sued by at least 3 companies at this time and is being investigated for racketeering(not tennis) and other violations. But basically his lawsuit is solid as quicksand and his lawyer. Have a nice night fabricating a little more.

At no time had Barnett declared failure with BUCKTV.COM, CSON, DTEV, MLAR, PDVN, CMKX and his association with J. Scott Sitra and Sitra’s SEC complaint to BioTech and Houser. This information would have adversely affected any decisions made by BioTech and Houser regarding any relationship with Barnett, Hamilton and/or Seminario. Barnett fraudulently withheld this damaging information from BioTech and Houser to their detriment.
1. 106. Now we come to OMDA Oil and Gas, Inc., (”OMOG”) another one of Barnett’s failures with Adam Barnett its “Chairman” and Jones OMOG’s attorney.
107. Under Barnett’s and Jones leadership the company stock has gone from a high of $.04 per share to sub-penny averaging around $.0045 per share. The Outstanding shares have gone from 800 million to 1.609 BILLION, possibly up to 2.5 Billion and now OMOG is additionally issuing 50 million of “Preferred Shares”. The dilution of this stock is disastrous. A gigantic Barnett failure. OMOG is in at least three (3) separate civil litigation cases due to Barnett’s lack of knowledge of the oil industry and lack of management experience.
108. Barnett and Jones have egregiously mislead this Court regarding Barnett’s past which is disastrous. Barnett’s “oil experience” was being a “cook” at “Outback Steakhouse and Bennigans”. Operating an oil cooker for fried foods according to Barnett & Jones is stellar qualifications to being a “Chairman” of OMDA Oil and Gas, Inc. (Source: Barnett sworn deposition in the Houston, TX Dist Court case cited above.
ADDITIONAL FRAUD BY BARNETT & JONES
BARNETT CANNOT REMEMBER THE
DISPARAGING WORDS AND ALLEGATIONS IN THIS LAWSUIT
109. Houser realleges and incorporates by reference all allegations and facts previously stated in paragraphs 1-108 and set forth herein.
110. Barnett and Jones are perpetrating a fraud upon this Court by making scores of specious false allegations about Houser in the original petition, 2nd Amended Petition, 3rd Amended Petition and the false Contempt allegations, yet Barnett is unable to recall just one disparaging remark made by Houser under oath in this action.
111. On March 7, 2006, at 9:15AM, in Miami, Florida, Barnett at a “Videotaped Deposition” in the 215th District Court of Harris Co, Tex Case No 2005-23020 captioned: OMDA Oil and Gas, Inc., v Joe Lanza, et al, BARNETT UNDER OATH AND PENALTIES OF PERJURY COULD NOT REMEMBER ANY SIGNIFICANT DETAILS OF THIS LAWSUIT WHICH WERE SO “DISPARAGING” THAT JONES AND BARNETT BROUGHT THIS ACTION .

And how would a person who left the company in March have this information?

My count is "accurate" unlike you. You make it soo easy.

Local, I will qualify my value with three assumptions, all of which I expect to happen-- SEC audit, BB listing, JL getting someone to manage operations correctly. Based on production and a moderate increase based on well openings, I just did a comparison to a listed company and came up with 1.25. I've done them before and listed some of the companies here. but it is easy to get a range of .70-1.50 in comparison. The comparison is easy, it is the debate about the assumptions that makes for the soap opera.

Wrong on the 95 million and wrong on the Lanza dumping, facts.

accuwrong, "forbidden by governance standards". What country are you from? By the way, you are wrong on the second statement as well.

Really bad and not accurate, To use your own words, you did not answer the question. Rest assured for those with a brain, my prior posts on valuations still hold true today with company comparisons to BDGR. Now, there I've answered your question and with a little DD you can figure it out, and I will not use the scarecrow comparison from the Wizard of Oz. To all others, I'm feeling pretty good today with the work that's being done.(And I was also short the market) Take care.

accurate, there you go again making assumptions that I reside in the same place as you. In reference to your statement, I am not willing to post the shares because I do not want the bashers, the shorts, or the bottom feeders(takeover specialists) to know. Now which one are you?

GSS, there are many things going on at BDGR, do not get too excited too fast, it will be a long road. Of course, if you bought at .05, you are now up 50%.

Can you read? I stated that the number of shares are known to people other than the "insiders".

Local Oil, do you have any info on Mike Ellis?

Wrong again.

Once again, you do not have facts, the numbers of outstanding shares is known by certain people not related to JL.

GSSSSmith, I just want to know if Jesus is buying BDGR. Good luck.

LGL, I'm not sure, I believe the number to be lower than that and at a nickel, a few million shares either way do not add up to a lot. My guess is the statement is an approximation, not a calculated amount.

Local, with most buybacks, they are done over time with a certain price level in mind. I would be surprised if BDGR was sitting on 400k at this moment, but they may have access to other funds we do not know about.

Unlike you, I deal in facts, not heresay like your ramblings. If you dealt in facts, you would have not changed your listing three times.

Just to add my facts to the statement made by millionaire. It may be hard to believe but to this point, with verifiable information, JL has not been caught in a lie. I believe this will be ultimately confirmed in the next few days one way or the other and will lead to the next direction that should be taken. I know that this will produce the babble from some but if one is looking at verifiable facts, most others in this soap opera have been lying, or at best misleading. CT has spent volumes of time and effort trying to turn BDGR around and I know we are very close to a defining moment in this.

I think you would find very few situations where a shareholder would devote this time and effort in a company. Remember, CT was one of the first to raise the issue of getting a shareholder on the board to resolve the issues and he is there and I assure you he understands the obligations of a director better than some who have been there. He will not let his intergrity be compromised by JL or anyone else so stop the BS and assaults that are baseless.

A few additional comments for some posters

57 tBird(CONSENT)- You should listen to your tape to verify your statements and posts that contradict themselves.

Accurate- Your name is an oxy"moron" for the factual basis of your statements.

Local Oil- Thanks for your help and I believe CT will be using your help in many ways in the future.

Aquaeco,


That .50 figure was given to us at the lunchen and only as an estimate. At the time we were .30-.40, but we were well above .50 when Barry started.

In the end the figure was told to me by barry as .40 to .50 of which a large part of that was warrants at a much higher price and not exerciseable for some time. All of this was in the value of a stock that had nothing. 9 wells that did not pump and 5 mil trading shares that were held by all friends that traded it back and forth to create a price. And that Barry and friends were to get 17% of the company. The whole deal was worth whatever our shares are worth, minus 17%.

How big I am has nothing to do with the question, so the oil transporter is lying?

Local, I know you asked CT, but it is obvious their costs should be lower and thus the 9000 figure should also be lower. Until CT gets down there, it is mostly speculation and when he gets down there, then it will be how much transparency is afforded him. I have done more research than its all worth and I have my opinions at this time and frankly because they are opinions, I'll keep them to myself. But the facts that I have discovered are different in many cases to what has been presented here. This is not in reference to yourself because I have found that more often than not you ar reasonable, albeit somewhat biased, and aren't we all. I do know that if I were running BDGR the 9000 figure would be a hell of a lot lower, but I've been spoiled by running companies that compete with China and that is the way I think all companies should be operated.