Daybreak Oil and Gas Inc (DBRM)

[the fox 52]

DBRM was a shell acquired back around 2005. dbrm was originally a mining company that drilled for uranium b4 that. The original dbrm was HQ'd in Spokane @ the time.

When I got into this dog there were approx 16m shares. Eric Moe was the new dbrm CEO. They were drilling for oil & gas in some fields in NW Louisiana & hit some nat gas pockets. This was in the same time frame that Katrina hit Louisiana & nat gas was $11.

dbrm got to $3 & change. But my dumb ass did not want to sell because of earned income gains vs capital gains. Eric Moe et. al juiced the share count to 48m or so.

On Mav's comment on rumors.....I heard some of the same rumors when they got into Kern. Word was the 3d indicated that there was anywhere btwn 30m to 50m bbls.....so 60 wells fits the Kern rumor

JW has an accounting background in the O&G bidness & came in when Eric Moe went out. JW came in when dbrm was late on filing the required financial docs & got nasty grams from governing bodies.

JW did get dbrm out of the pks & now into an ob but the pps has really sucked.

I understand that the original dbrm people have lg positions & are probably playing their positions & warrants & whatever options.

The corp is still Spokane for whatever reason.