Black Dragon Resource Companies Inc (BDGR)

[crude-dude]

BDGR's share of the oil was less than 5,675 BBL's for the entire year of 2010. Your guess of 25% of gross should be pretty close based on the info the company hands out. Look at the bright side because it could be worse. According to the company, it costs more to produce these wells than they earn.

2010 
 +SALES          $451,200 
 -LIFTING COST    708,910 
 -PROD TAXES       18,548 
 -MARKETING         2,293 
 -G & A           652,278 
                 --------- 
 LOSS           ( 930,119 ) 
  
 LOSS PER BBL = $163.89 

Too bad they weren't able to get production down even more. Remember they kept lowering the production goals during the year. That may have been the smartest thing they done all year. They should have set the goal even lower.