Black Dragon Resource Companies Inc (BDGR)

[crude-dude]

Just wondering what the current game is with BDGR.

A lot of wells have been shut down. Operator of record had changed for much of what's left of the producing wells.

Four Star has been working on two wells in the Sarepta field.

No report filed yet for the shallow JV well drilled last August.

Production numbers were on a steep downward trend as of November. (Subsequent production reports are delinquent)

Is Joe cashing out or what? He has to be feeling the pinch of failure.
Going by memory of the last few drilling projects:
-The two gas wells on 640 acres never produced.
-Five well Humble project produced but was subeconomic. Currently shut in since March 2011.
-Spider well that has been drilling for over 5 years now. Epic Fail.
-JV partnership well #1 was drilled 555 feet short of target depth and showing no production.
-JV partnership well #2 Stated as a deepening effort which was publicly announced on October 15th 2011 but a work permit still has not been applied for. (I doubt they were serious anyways, due to the technical hurdles, to do what they said)

In typing this, I am trying to think of just one success to put in this post so that I can appear fair and balanced. Does anyone know of ANY successful project this company has done in the oilfied?

Please don't check my grammar, SLO-sider.
Outvotes is one word btw.