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marsnvest

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marsnvest

Re: 57tbird post# 4674

Wednesday, 04/04/2007 9:37:31 AM

Wednesday, April 04, 2007 9:37:31 AM

Post# of 45174
OK-just facts, confirmed production in Jan. & Feb. which was lousy is comparable to Lucas Energy at 2.65/share. Share dilution gives you .96/share comparable. And this does not take in to consideration that BDGR has many more wells and acreage than Lucas. This is what the companies looking at BDGR are seeing, buying a company at a discount realtive to the market. The ROI of BDGR based on these prices is a nobrainer based on production. Imagine someone doing it right.
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