Sunday, January 27, 2008 7:14:30 PM
Lets see here everyone. As an example Canadian Superior "SNG"just bought a company in Canada that pumps 1200bbls a day or 36k a month. The purchase price was 52mil + 8 mil debt for a total of 60mil. Black Dradon is far from 36k a month try like 6k if their lucky and that is not even verified. So 1/6 as much which values BDGR at maybe 1/6 of 60mil or 10mil. Forget the outstanding shares of eaither company-this is based on bbls of oil a day and what a large amex listed company bought it for. And lets not forget that this is what they are pumping today-not tomorrow after millions of dollars spent and need to repay. This 100mil is a pipe dream-I am out and I hope you all can see the writing on the wall-no more hoping and no more dreaming for reality will soon be knocking on your doors!!!!
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