Black Dragon Resource Companies Inc (BDGR)

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Local, the 25% that I (correctly or incorrectly) used was the initial lease + any retained ownership if the original"leasor" sold the lease rights to someone else/overrides.

I think mav was using override and my response was lease +/inclusive of overrides. Was I correct?

Thus, when I stated, "minimum of 25% was OK", it included overrides. I understand the more you give away/you have/receive $ from, the less you have. But, I was thinking that, say a 30% burden (leasee's % plus any/other overrides - stuff that reduces NRI - was OK at today's oil prices.

I know land that I own the mineral rights on have been leased for 1/8, previously.

LOCAL YOU CAN REST ASSURED THAT I AM A BDGR SHAREHOLDER - more than a small "pile"/# of shares; I have not shorted the stock; have no working interest, lease, or any other attachment to BDGR other than being a LONG positioned FOOL or WISE OWL; and that EVERYTHING that I HAVE said and done is for the benefit of honest investors, including myself.

I know I have posted some ZINGERS, but I felt at the time it was the right thing to do, because it appeared to me (right or wrong) warranted.

With a truce in place, maybe we both can work toward the same end - "GET THE RATS OUT OF TOWN".

By the way you may have noticed I use stories/analogies/etc. It is done for two reasons. One is to add a little levity and the other could be for ....... you can fill in the blanks.

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