Monday, August 09, 2010 1:25:56 PM
25% as of now with an option to purchase an additional 7.25% of 200 barrels per day and also 100% on additional lease of 6 acres to take place at HUMBLE!!! $$$
Also did a little research from the past PR's since MR. SMITH took over..in Dec 2009 a PR confirmed Dr.Bailey (X-Regional Director of Exxon)is assistand Mr. Smith and the 2 remain in contact to this day. Also BDGR has been working to get the 600 acre lease funded and drilled since early 2009..the company at one point mentioned possible sale of BDGR and that they were looking at all investment options to overcome debts.
In my eyes..I see no pumping anywhere, just the mere facts published month after month, and now things have turned around and Mr. Smith is so excited to see everything happening that he feels it is his obligation to share his joy with us, the shareholders. I am glad he got things turned around!
GO BDGR!!!
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