Black Dragon Resource Companies Inc (BDGR)

[crude-dude]

One Haynesville shale well is permitted per 640 acre unit. Cost to drill is 10 Million. Pipeline and compressor another quarter mil.
So how many shares will they need to sell @0.0001 to get $10.25 Million? If you really want to help, start buying shares at the ask because nobody is lending money to Dragon without the PV-10. The Germans, Smith, and Elvis have left the building.
Most companies are not renewing Haynesville shale leases from Township 18N and above. Some are simply expiring but the lease holders a trying like mad to get a few dollars out of them in a sale. I haven't heard of anyone buying these until Dragons PR yesterday. Dragon could make more money on a PR (stock sale) than they can by actually drilling anything in the shale above T17N. Haynesville shale wells that were drilled in Dragon's neighborhood have been vastly disappointing and probably never will pay out.