Replies to post #897 on Black Dragon Resource Companies Inc (BDGR)

[bubba101]

Part of the problem might be the paperwork associated with some of the "acquisitions" that have been PR'ed but not consumated, and not what one would otherwise expect.

Hopefullly, this will be reconciled in the audit.

That kind of confusion could obtain beteen the field, in Oil City, and Austin.

B1

[57tbird]

The More Drilling Rigs available, the faster the frequency in adding more producing wells. A $2M rig for $400K would look mighty attractive to me - especially if I had identified promising fields to develop. Looks like a really good move for BDGR. It does position them with their own Rig - not at the mercy of scheduling drilling operators who may be reserved for some time, and the cost is right. If I read their earlier PR correctly, they'll save $100K per well with their own Rig - 4 wells = pay back - an outstanding investment - assuming the 4 wells are productive - no reason to assume otherwise given the producing fields it'll be put to immediate use in. Perhaps the 22,000 BOE expectation by December will be surpassed. Here's hoping!