Black Dragon Resource Companies Inc (BDGR)

[snowcrow]

'Consider the buyer's perspective: "Let's see, I can buy as much production in Pine Island as I want on a 36 (harder) -42 (much easier) month payout..... do I want a group of leases spread out all over hell and back at 60% or less NRI, or a cleaner deal, with leases close together at 75% or better NRI."

local, I appreciate your posts and knowledge of the oil industry. But if what you say above is correct, that you can buy as much production on Pine Island as you want on more favorable lease terms, then why didn't BD do this. I mean it is hard to believe they went around deliberatly buying the worse properties?