Sunday, April 08, 2007 11:23:16 AM
Again, Nitweit tell which of these PRs are true and why we should start believing Lanza now?
BLACK DRAGON PRESS RELEASE STATEMENTS:
4/1/2005 : We’re on track to own at least 1000 wells by August 2005.
4/13/2005: Audited Financials will be produced shortly
4/14/2005: Black Dragon is marginally Profitable
4/26/2005: Walter Watts appointed Dir of Engineering
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
10/28/2005: Will lay 7 miles of pipeline in November
10/28/2005: Paid $3M to Petrol Ind for oil & gas properties
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/6/2005: Hired Susan Hahn & Assoc for Press, Media & inv Relations
12/8/2005 : Black Dragon applying for NASDAQ stock listing.
12/16/2005: Expects reporting req’mnts for NASDAQ
12/16/2005: Expects to hire auditor and audited financials
12/23/2005: Increases # of BD wells to 1087
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
2/13/2006: Will sell rights to build pipeline to Petrol Industries
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
-expect 30,000 Barrels of Oil by year end
-now 22nd rated oil producer in LA (out of 589 companies)
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
-340 wells in production,
-expect 900 wells in production by 4th qtr (Oct-Dec)
3/19/2006: WEXCO reserve report
4/3/2006: EXPECTS AN AUDIT IN NEXT 90 DAYS
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
4/28/2006: ENGAGES AUDIT FIRM (M&B)
- Audit will be for years ending 2004 & 2005
5/31/2006: Gemini Expl will commence drilling for BD Caddo Lake
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month
6/1/2006: BD to Acquire Gemini Exploration for $25M
6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
6/2/2006: BD sued by OMDA Properties comprise less than 5% of current properties owned by BD
6/9/2006: WEXCO reserve report: 73M Barrels of recoverable oil
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
7/31/2006: WORKING W/AUDITOR TO COMPLETE ITS WORK
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
- SHOULD BE ISSUING AN AUDIT REPORT IN A MONTH OR SO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- THE AUDIT WILL BE READY BY SEPT 15 2006
- PLANS TO SEEK AMEX LISTING
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
- UNAUDITED FINANCIALS BY END OF NOV
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