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neza62

11/28/06 12:49 PM

#1693 RE: oil export #1691

i have done that several times but in my experience RM is hesitant to engage real issues for any length of time.

something else that does not exactly exude confidence.

neza62

11/28/06 1:38 PM

#1697 RE: oil export #1691

by the way, the point is not for any of us to have to pick up the phone and call RM. this "he said-she said" aspect of trying to know what the heck is going on with BDGR should not come from piecemeal phone calls by guys on this board. if there is important, legitimate news on BDGR it should be officially released to the public and its shareholders.

Rising Scorpio

11/29/06 8:31 AM

#1704 RE: oil export #1691

Reserve Report.

1) Firstly in terms of ringing Rick Michael I find him very helpful but sometimes a little bit over excited when given timelines and hence when these timelines are not delivered (typically of small companies, not many people, focused on growing the business(not the stock)) his creditability suffers hence he will not share any more information until he is sure stuff will get done. Hence it is not as if he is up to no good.

2) The present of the new reserve report with its discounted to 10% value of Bdgr current producing assetts which indicates that the shares are trading at a massive discount supports 1) above. Remember if the pv10 indicates that the company is undervalued then their is also so much more upside (i.e. what is value discounted to 50% only). Also the report was not not done by wexco or anybody connected to company but by a SEC regulated company who typically low-ball all the figures in order to protect their reputation.

3) I would not publish the pv10 as you want to ensure the the assett-financiers get the first view of it and also as it kinda difficult to understand.

happy to buy more here at this level.