Black Dragon Resource Companies Inc (BDGR)

[57tbird]

Lou, I find it absolutely fascinating that you share but one portion of the facts. Such is your desire - so be it. I know you know what I know. That makes me seriously wonder what you could possibly be thinking by not sharing everything and letting others make up their own minds - as they do their own follow-ups, verifications, confirmations and similar DD.

And have no fear, as I told you earlier I no longer have that spreadsheet and can't "reveal" any other pertinent data you don't want anyone to view. Seeing those numbers once was enough for me.

As far as the "75% average" figure - How does 90% of a well producing 1/2 BOE/mo (.45 BOE) and 60% of a well generating 5 BOE/mo (3 BOE) equate to an average of 75%?

ie: 75% of 1/2 BOE would be = .375 BOE
75% of 5 BOE would be = 3.750 BOE
Total 4.125 BOE

When in reality, .45 + 3 = 3.45 BOE

Okay, in Lanza's Lying vernacular, in the above example BD would average 75% (60% for one and 90% for the other) of the well's production. In actuality, they are getting 62.727% of the gross production for the two wells. (3.45 BOE out of the 5.5 BOE.)

Not a lie, necessarily, but a misrepresentation of the facts, perhaps. Something Lanza is quite adept at.

Perhaps your moment of stupidity, as you so eloquently referenced, wasn't your only moment.