Black Dragon Resource Companies Inc (BDGR)

[Sheepdog]

That number was provided in the latest Company PR and actually stated that was the net production during the first three quarters of 2011. Looking at Sonris, it appears that the whole of 2011 was probably around 4180 bbls net. However, the reporting stops before the end of the year so this is somewhat extrapolated. To continue the extrapolation to project ahead, it appears we will probably average at best around 500BBLS/qtr. This amounts to about $15K/mo in gross revenue. That is about half of the lifting costs let alone the other costs and expenses. It is no wonder we have not seen any financials for quite some time.

Ironically, 8BD.F now seems to produce more oil than we do and has no such "lifting costs" paid to Lanza. Too bad 100% of the assets it has came from us yet Lanza owns 80% of that company and has been cashing out the whole while. At least that seems to be what is happening considering no reports have been forthcoming from 8BD.f ever.