We may see even more dilution than the 110,000,000 shares yet to be sold by Truimph. 58,600,000 shares were issued by BGOI from the conversion of various loans, accounts payable and executive compensation (per 10K). There is a 2008 loan that BGOI is attempting to convert into common shares. I have been doing research into the completion of the Sprayberry pay zone. There are wells that come in as high as 300 BOPD with flush procuction. However, production tapers off to about 5 to 10 BOPD. What event is it that will change the direction of BGOI?
