Black Dragon Resource Companies Inc (BDGR)

[crude-dude]

Those revenues you speak of would be isolated to the Canadian company which is still private. BDGR has a equity interest only. Yeah Lanza's service company, Petrol, would stand to have steady income. BDGR's terms are that they must hold the equity for a minimum of 18 months.
I may be wrong but I would be suprised if the Cotton Valley is economic in the immediate area BDGR plans to drill. Nadel & Gussman LLC drilled a fair well a couple miles south of the 640 and as they moved toward BDGR's property, the sand played out and the last well was dry. Also just across the river the CV played out rather quickly. The company that I had worked for drilled North of this acreage and sold when the wells became marginal. It must be nice to play with other peoples money when risk means nothing. Like I said, A certain individual stands to make a great deal of money on this regardless of success or failure.
CAUTION - several leases (about a dozen) have already been moved and two more are on the sale block to be closed next week. The producing leases that were transfered had recently been reworked at shareholder expense. The 640 acres that was transfered has two gas wells on it that were drilled last December which I am assuming now was a ploy to hold the leases. They have never produced. Look at the numbers carefully and realize which company they are talking about in the PR's and don't assume another company is willing to give money out to somebody elses shareholders.