Hippo they want Black Dragon assets I don't think we will see much pps until this is over. I can't see why Dragon would be pumping oil until the settlement is over. I do believe there's something here, I got my money in Black Dragon to find out why a big oil man like Bailey is hanging around this small time operation.
OMDA Oil and Gas, Inc. Announces Filing 4th Amended Petition Adding Black Dragon Resources as a Defendant in Its Mulit-Million Dollar Fraud Lawsuit Against Former Management
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OMDA Oil and Gas, Inc.HOUSTON, TX -- (MARKET WIRE) -- April 28, 2006 -- OMDA Oil and Gas, Inc. (OTC: OMOG) announced today that it has approved and now filed a 4th amended pleading adding Black Dragon Resources (Black Dragon) as a defendant to its initial suit filed on March 29th 2005 seeking the declaratory judgment in the district court of Harris County, Texas, 215 Judicial District. The case was originally titled: OMDA OIL AND GAS, INC., OMDA OIL AND GAS MANAGEMENT, INC. AND OMDA OIL AND GAS SERVICES, INC. PLAINTIFFS vs. JOE LANZA, MORGAN WILBURN, III, AND RICHARD I MICHAEL, TRUSTEE OF "007 TRUST", MONTE ANDERSON, TOM NEELY AND DAVID TAYLOR, DEFENDANTS.
OMDA has been actively pursuing a settlement in the case since its initial mediation hearing was held on March 15th 2006. During these discussions, most issues not directly involving Black Dragon, were successfully resolved. It has now become apparent; however, that Black Dragon and its CEO Rick Michaels, along with other defendants related to the Black Dragon company, have been directly involved in the conspiracy of fraudulent conversion involving hundreds of oil and gas wells in Louisiana that rightfully belong to OMDA Oil & Gas, Inc. Although legal counsel for OMDA OIL & GAS, INC. is highly optimistic that the global settlement, which covers all parties and aspects, will come to a quick resolution, they now believe it to be a prudent and wise decision to add Black Dragon as an additional defendant in the unlikely event that trial becomes required.
