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marsnvest

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marsnvest

Re: dragon man post# 1899

Wednesday, 12/20/2006 11:04:11 AM

Wednesday, December 20, 2006 11:04:11 AM

Post# of 45176
Dragon Man, 11 million number is in their reserve report done by the independent firm. It is an annual number based on current production. Some financing has been done through stock(which investor's should not like). I believe the reserve report was for the bank to acquire additional monies. From what I understand, reliable numbers are going to the auditor around now. The auditor will take an amount of time to complete audit depending upon their workload. BDGR still has many wells to open up.
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