The Audit will be ready by September 15TH!!!! Now THIS is news! (albeit old news)
BDGR News Black Dragon Predicts Gross Gas Sales to Exceed $245,000.00 (35 Million mcf) and Oil Production to Reach up to $780,000.00 (13,000 Barrels) in the Month of September Black Dragon's First Million Dollar Month
From: NewsBot
Date: September 5, 2006 02:30:00 AM
AUSTIN, Texas--(BUSINESS WIRE)--Sept. 5, 2006--
Gas Sales Could Rise By 50% in October
President of Black Dragon (PINK SHEETS: BDGR), Rick Michael, wants to make it aware to the company's shareholders and other investors of the magnitude of the recent acquisitions. The 3,000 acres on the Arkana lease and the 1,275 acres on the Spider lease should double the size of Black Dragon's oil and gas reserves. The company has shallow and deep rights on both of these large acre leases. Black Dragon is no longer an oil and gas Recovery Company but a full blown oil and gas supplier.
Mr. Michael went on to say, "Both the Arkana and the Spider leases should bring the company huge revenue for the next several years. The wells on the Arkana lease, which is in the cotton valley zone will bring an average of 50 to 100 barrels ($3000 to $6000) of oil a day per well and 400,000 cubic feet to 1 million cubic feet of gas ($2800 to $7000) per well daily. The Spider lease, which is in the Paluxy zone, will produce 15 to 25 barrels of oil ($900 to $1500) per well a day with 100,000 to 200,000 cubic feet of gas ($700 to $1400) per well daily". Include this with a record breaking month of August with 10,000 barrels of oil or equivalent shipped from are already production and all this with out the Gemini acquisition it is time to make all investors notice.
In the month of December, Black Dragon gas sales should reach 70 million cubic feet ($490,000) a month with oil production close to 22,000 barrels of oil ($1.320,000) a month. This gives the company an excess of a 1,000 barrels of oil and oil equivalent a day. The additional use of a full time drilling rig in the month of December could prove these totals to be underestimated.
The audit of Black Dragon will be ready by September 15th and the company plans to seek a listing on the American Exchange. Mr. Michael recommends reading the Red Chip report where they state that Black Dragon has 4 barrels of oil or oil equivalent for every share. This report was made prior to and does not count the acquisitions of the Arkana and Spider leases.
AI
