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"...and when the audit is done it's worth at least 0.30."
Yankee, stop pumping the audit. With BD, the past is prolougue. There ain't going to be an audit. Go look at how many times they promissed an audit over the years and never delivered. I called and talked to them about the audit last fall and was told they were waiting on it to come back from the audit company. A flat out lie! Stop pumping this company and their lies.
"I do not believe for one millisecond that everyone "resigned".
Neither do I. I suspect the story about Barry being a basically honest person was true. That he put togther the best deal available for the stock owners. And for that he and everyone in support of the deal was fired by Lanza. Now BD is back to issueing bogus PR.
"So, same as before.
Show me anything I have said that was incorrect.
I will either correct or amend."
Localoil, the issue for me is that you state that BD's claimed 100 barrels of mostly oil, which would be at least 51 barrels, from the new wells is really less than 15 barrels. BUT YOU DON"T OFFER ANY SUPPORTING DOCUMENTATION!!! You just claim to be correct, but how can we know. I don't trust BD and I don't trust you. I certainly don't get your motives. I hang out here because I've been screwed by BD lies and there endless promiss of 30,000 barrels a month last fall.
"Hey Accurate - you'd best let Nitwit know that RedChip is the very same advisor that said in an earlier report that BD's stock is worth $8.00 a share.
Of course they based their assumptions on BD's wholly false information.
I wonder what's different today......"
As long as BD will not complete the audit, you can sure bet not much!!! Everybody resigned and old Joe Lanza is left to pump PRs. Easier than pumping oil!
"Several resignations were accepted during, and sometime after, the meeting. At the meeting, Mr. Monte Anderson resigned for health reasons. Also, Mario Lanza resigned because of a potential conflict of interest, and Rick Michael resigned for personal reasons. Barry McFarland resigned for personal reasons on March 20th."
The rats all jumping the ship. Joe Lanza left to issue PRs. Still waiting on the finacials that you promissed last week, now and for the last couple of years. Hope your new accountant is better than your last accountant. Didn't see no press realease on "Gary" pedigree, though. But if he works for Joe, well, what can we really expect!
Nitwit, BD was off to an even better start in '06, as the following PRs indicate. Of course they were not true. And they are probably not true in '07 either.
BLACK DRAGON PRESS RELEASE STATEMENTS:
4/1/2005 : We’re on track to own at least 1000 wells by August 2005.
4/13/2005: Audited Financials will be produced shortly
4/14/2005: Black Dragon is marginally Profitable
4/26/2005: Walter Watts appointed Dir of Engineering
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
10/28/2005: Will lay 7 miles of pipeline in November
10/28/2005: Paid $3M to Petrol Ind for oil & gas properties
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/6/2005: Hired Susan Hahn & Assoc for Press, Media & inv Relations
12/8/2005 : Black Dragon applying for NASDAQ stock listing.
12/16/2005: Expects reporting req’mnts for NASDAQ
12/16/2005: Expects to hire auditor and audited financials
12/23/2005: Increases # of BD wells to 1087
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
2/13/2006: Will sell rights to build pipeline to Petrol Industries
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
-expect 30,000 Barrels of Oil by year end
-now 22nd rated oil producer in LA (out of 589 companies)
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
-340 wells in production,
-expect 900 wells in production by 4th qtr (Oct-Dec)
3/19/2006: WEXCO reserve report
4/3/2006: EXPECTS AN AUDIT IN NEXT 90 DAYS
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
4/28/2006: ENGAGES AUDIT FIRM (M&B)
- Audit will be for years ending 2004 & 2005
5/31/2006: Gemini Expl will commence drilling for BD Caddo Lake
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month
6/1/2006: BD to Acquire Gemini Exploration for $25M
6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
6/2/2006: BD sued by OMDA Properties comprise less than 5% of current properties owned by BD
6/9/2006: WEXCO reserve report: 73M Barrels of recoverable oil
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
7/31/2006: WORKING W/AUDITOR TO COMPLETE ITS WORK
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
- SHOULD BE ISSUING AN AUDIT REPORT IN A MONTH OR SO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- THE AUDIT WILL BE READY BY SEPT 15 2006
- PLANS TO SEEK AMEX LISTING
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
- UNAUDITED FINANCIALS BY END OF NOV
"He is not unaware of the past lies and misinformation. He is choosing to focus on the here and now."
I've tried focusing on the here and now, but I can't get past any of the new lies. Like the audit that was never published in March, like how they have NASDQ and AMEX listed companies looking to buy them, like the financials that were never published last week or this week, like the new idiot they have answering the phone telling me he was just hired to do the audit. Like that idiot NITWIT they have pumping the stock. No, to many new lies to go along with all the old lies.
BD is up a couple of pennies this week. Look for big volumn later today while the insiders begin selling off again.
"Latest PR:"
Nitwit, why do you keep repeating BD lies and ignoring their almost complete histoty of issueing bogus false PR. Where are the financial just promised for last week? How many times have they promissed and audit and not delivered. There is no reason for believing anything they say. You are a paid pumper.
"well good because the PPS should be .50 anyways proven on that PR alone.."
Nitwit, virtually all of BD's PR has been untrue. Why are you pumping a known liar????
"snowcrow you can call BDGR and ask for Gary he will let you know about the audit."
I've called BD twice in the last couple of days. I spoke with the new auditor. Sorry, but I'm not buying it. Remember, not to long ago Barry was going to get us an audit. Also, last fall I called BD and was told they were waiting for the audit to come back. So, this company has plainly not been telling the whole truth about when if ever they are going to get us an audit.
And remember, they promissed us published financials last week. Where are they?
"this thing's getting pretty ripe.... I still feel $1 is near..."
Not ever going to happen with the history of lies and no audit and Lanza back running everything. Give it a rest Nitwit.
Litwit, if you believe all the new PRs, here are some old ones to believe as well. Care to explain why it is true now and untrue before?
BLACK DRAGON PRESS RELEASE STATEMENTS:
4/1/2005 : We’re on track to own at least 1000 wells by August 2005.
4/13/2005: Audited Financials will be produced shortly
4/14/2005: Black Dragon is marginally Profitable
4/26/2005: Walter Watts appointed Dir of Engineering
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
10/28/2005: Will lay 7 miles of pipeline in November
10/28/2005: Paid $3M to Petrol Ind for oil & gas properties
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/6/2005: Hired Susan Hahn & Assoc for Press, Media & inv Relations
12/8/2005 : Black Dragon applying for NASDAQ stock listing.
12/16/2005: Expects reporting req’mnts for NASDAQ
12/16/2005: Expects to hire auditor and audited financials
12/23/2005: Increases # of BD wells to 1087
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
2/13/2006: Will sell rights to build pipeline to Petrol Industries
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
-expect 30,000 Barrels of Oil by year end
-now 22nd rated oil producer in LA (out of 589 companies)
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
-340 wells in production,
-expect 900 wells in production by 4th qtr (Oct-Dec)
3/19/2006: WEXCO reserve report
4/3/2006: EXPECTS AN AUDIT IN NEXT 90 DAYS
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
4/28/2006: ENGAGES AUDIT FIRM (M&B)
- Audit will be for years ending 2004 & 2005
5/31/2006: Gemini Expl will commence drilling for BD Caddo Lake
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month
6/1/2006: BD to Acquire Gemini Exploration for $25M
6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
6/2/2006: BD sued by OMDA Properties comprise less than 5% of current properties owned by BD
6/9/2006: WEXCO reserve report: 73M Barrels of recoverable oil
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
7/31/2006: WORKING W/AUDITOR TO COMPLETE ITS WORK
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
- SHOULD BE ISSUING AN AUDIT REPORT IN A MONTH OR SO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- THE AUDIT WILL BE READY BY SEPT 15 2006
- PLANS TO SEEK AMEX LISTING
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
- UNAUDITED FINANCIALS BY END OF NOV
Nitwit, it ain't bashing if its the truth. All you do is call people names. Can't defend the company. Where is the audit we been waiting for for 2 year?
"...I didn't buy this stock at .50 or higher my cost is under .20 so I am not in the same game as you and some other share holders.I will buy more when the Audit is done."
I understand that Yankee07, which is why you are willing to cheer on the bogus PR and I'm not.
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
Remember how they promissed us 30,000 barels by the end of '06, over and over again.
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month
Wow! Remember these past lies???
"12/8/2005 : Black Dragon applying for NASDAQ stock listing."
How is BD's pursuit of a NASDAK listing going???
Since BD is back issueing unverified PR and has failed to deliver on it promiss of the published financials, I thought I would post again the PR announcements from the past. Gee, I see were they are promissing audited financials back in April of '05. We are still waiting!!!
BLACK DRAGON PRESS RELEASE STATEMENTS:
4/1/2005 : We’re on track to own at least 1000 wells by August 2005.
4/13/2005: Audited Financials will be produced shortly
4/14/2005: Black Dragon is marginally Profitable
4/26/2005: Walter Watts appointed Dir of Engineering
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
10/28/2005: Will lay 7 miles of pipeline in November
10/28/2005: Paid $3M to Petrol Ind for oil & gas properties
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/6/2005: Hired Susan Hahn & Assoc for Press, Media & inv Relations
12/8/2005 : Black Dragon applying for NASDAQ stock listing.
12/16/2005: Expects reporting req’mnts for NASDAQ
12/16/2005: Expects to hire auditor and audited financials
12/23/2005: Increases # of BD wells to 1087
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
2/13/2006: Will sell rights to build pipeline to Petrol Industries
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
-expect 30,000 Barrels of Oil by year end
-now 22nd rated oil producer in LA (out of 589 companies)
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
-340 wells in production,
-expect 900 wells in production by 4th qtr (Oct-Dec)
3/19/2006: WEXCO reserve report
4/3/2006: EXPECTS AN AUDIT IN NEXT 90 DAYS
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
4/28/2006: ENGAGES AUDIT FIRM (M&B)
- Audit will be for years ending 2004 & 2005
5/31/2006: Gemini Expl will commence drilling for BD Caddo Lake
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month
6/1/2006: BD to Acquire Gemini Exploration for $25M
6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
6/2/2006: BD sued by OMDA Properties comprise less than 5% of current properties owned by BD
6/9/2006: WEXCO reserve report: 73M Barrels of recoverable oil
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
7/31/2006: WORKING W/AUDITOR TO COMPLETE ITS WORK
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
- SHOULD BE ISSUING AN AUDIT REPORT IN A MONTH OR SO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- THE AUDIT WILL BE READY BY SEPT 15 2006
- PLANS TO SEEK AMEX LISTING
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
- UNAUDITED FINANCIALS BY END OF NOV
Yankee, if you care about your investment in this company, call and ask them about the promissed financials? What you scarred to do that?
"Lastly, management expects to publish 2005 and 2006 financials this week."
I got no plans to move on until this thing get back to a 1.00 or zero.
Here's the BD number: 318-995-0404. Call them and demand the finacials that they promissed last week and how many times before. I remember being told by BD last fall that they were waiting on the audit firm to get the audit back. How long do they think they can continue with the BS?
Yeah, that's BD, always up to the same old tricks. Can't issue an honest, up front, PR is its life depends on it. And its life does depend on it. Increasingly, it looks like BD will go to the grave without issueing the net figure, the lease percentages, etc.
Spoke with them today. Some new guy told me he was hired to prepare for the audit. What a sick old joke.
"The good news here is that this stock will actually take off if there is any verification or kept promises. The conditions are right:"
I've been making this point for a long time. The way I see it, BD can't go up unitil they resolve the credibility problem. If they can't --- and if BD can't even make money at $60 / barrel, well, then there is not much downside left. The only hope is to get the bad news along with whatever good news there might be out.
'Joe's finally backed himself into a corner. The stock ain't going nowhere w/o the Audit, and the findings of the Audit will hammer the stock."
If BD can't make money at $60 plus a barrel, then this has been a fraud from the get go. Time will tell.
Accurate, I hope you are wrong but fear that you are correct.
"Black Dragon Provides Operations Update
9:01a ET APRIL 10, 2007 (Market Wire)
...Lastly, management expects to publish 2005 and 2006 financials this week. Consequently, Black Dragon expects that all financial information will be given to the SEC Approved Auditors this week."
Here we have a company that needs transparency more than anything, and what do they do, issue more BS PR about how thet are going to publish financials and complete an audit. It is all just sickening.
"But, rather than compromise a source it would be better (as I've said before) just to wait a while an then confirm my info through the state's website, SONRIS. Otherwise, just call DRAGON and ask how the Fuller lease is doing in BOPD."
Localoil, if you are going to post something that directly contradicts what BD has published, you should post the source. I don't care about your opinion on the matter. I want to know the fact.
Oil is back above 63.00 / barrel, and BD is still trying to get the numbers to the auditor, now for 2-years and forever!
What I'm saying Localoil is that you should post your source for saying the BD is only producing 15 barrels per day from the new leases?
Yes, none of it has been proven inaccurate. One the other hand, none of it has been proven accurant. So, please post some supporting doucmentation for your opinions.
Joe isn't in! But I was told by the receptionist that the numbers have still not gone to the auditor! This is just to much!
"My source to support is a hell of a lot better than your source to refute."
Localoil, if you are going to say the BD's claimed 100 barrels is less than 20, you should state your source. It's a big claim to make without any support.
Yankee, that would just be cynical. Localoil has still not told us what his source is or otherwise supported his claim. He needs to do this.
Snowcrow, what is your reason for saying that production is below 15 barrels?
"I have a hard time beleaving Localoil. He enjoys being the bad news too much."
Yes, I know. Given BD's past exagerations, though, it is hard not to believe the worse. BD could solve this problem by issueing verifiable PR. Which you would expect them to do.
"OIL CITY, LA--(MARKET WIRE)--Mar 26, 2007 -- Black Dragon Resources, Inc. (Other OTC:BDGR.PK - News) announced today that six of the seven newly drilled wells have been turned on. Four of those six wells are pumping mainly oil, already producing 100 Bls a day."
Trooper, the PR says four of the six wells are pumping MAINLY oil. In this context, mainly has to mean more than half. Otherwise it would be mainly water. So, it is not just a matter of being cleaver or misleading, but rather just lying, assuming Localoil is correct about the 20 barrels.
"Less than 20 bopd, total."
Localoil, how do you know this? Was it ever a 100 bopd as indicated, or was this an exageration?
"Lastly, management expects to publish 2005 and 2006 financials this week. Consequently, Black Dragon expects that all financial information will be given to the SEC Approved Auditors this week."
BD told us last week they expected to publich their financials. Perhaps this week?
Yankee, I'd rather hang around and give BD a hard time for not being up front with investors. Don't mean to ruin your party, but I'm not in this for a .10 move. I need something substantially more, which is going to require transparency on their part.
"They just sent them out to the auditors!!!!"
No, they were supposed to release the unaudited numbers last week. Can't seem to keep even that promise. And now Localoil tells us the 100 barrels is only 20. Of course, we don't know what Localoils's sourse is. He will probably tell us.
Looks like BD is up to their old tricks again.