"PR leads you to expect at least $2.5 - $3 mil for '07.... we all know it's going to be much more... production increasing each quarter with a 600,000 1st quarter.."
Nitwit, the '07 PRs are nothing compared to '05 and '06. I remember when we were supposed to earn 18-million in free cash flow last year. Here for your review are all the old BD PRs about production. And you still want me to believe them now, when they can't even publish the financials they promissed us a few weeks ago?
BLACK DRAGON PRESS RELEASE STATEMENTS:
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
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
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
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
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
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
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
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
- 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
