Niwit, regarding your request below:
"Please provide concrete evidence for all of us that this is a scam..."
How about thew 18-million in free cash flow they promissed for this year? Per the '05 and '06 PRs, this has certainly been a scam. Here for your benefit I respost once again:
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
