Black Dragon Resource Companies Inc (BDGR)

[57tbird]

Consider this:

10/18/06 Caddo Pine Island/300 Acres/77 Wells Estimated 18,000 BOE/Yr

8/28/206 Hunter Manning/Spider/1275 Acres/8 Wells Estimated 16,000 BOE/Yr

8/03/06 Hosston Fields/914 Acres/19 Wells
Estimated 12,000 BOE/Yr

8/02/06 Haynesville Field/12 Wells
Estimated 36,000 BOE/Yr

2/24/06 Hosston Field/70 Wells
Estimated 24,000 BOE/Yr

Caddo Lake/19 Wells
Estimated 24,000 BOE/Yr

6/01/06 Hollinshead/4700 Acres/425 Wells
Estimated 180,000 BOE/Yr

6/01/06 Shongaloo & Honare Fields/3 Wells
Estimated 10,000 BOE/Yr

5/31/06 Caddo Lake 43 Wells
Estimated 90,000 BOE/Yr

5/24/06 2 Leases/7 Wells
Estimated 2,600 BOE/Yr

5/24/06 1 Lease 2 Wells
Estimated 7,000 BOE/Yr

4/07/06 20 Wells
Estimated 11,000 BOE/Yr


If my math is near correct, that's some 430,000 BOE/Yr that could be flowing for all of 2007 and beyond. At $60 BOE = $25.8M without any additional growth. It does assume that BD completes the well re-work and drills a few new ones as per the PR's that provided these numbers.