Black Dragon Resource Companies Inc (BDGR)

[marsnvest]

NRI

(Net Revenue Interest) That percent of the production revenue allocated to the working interest after first deducting proceeds allocated to royalty and overriding interest.


A working interest in an oil or gas property is one that is burdened with the cost of development and operation of the property, such as the responsibility to share expenses of drilling completed or operating oil and gas property, according to working or operating mineral interest in any tract or parcel of land. Rights to overriding royalties, production payments, and the like do not constitute working interests because they are not burdened with the responsibility to share expenses of drilling, completing, or operating oil and gas property.

Thanks "millionaire" , these definitions seem pretty straightforward, at least to me without any personal bias.

And I know I should not go any further with this discussion but to me the only thing that is important is whether a company can attain positive cash flow. For the weekend, crabby patty anyone?