Replies to post #1857 on Black Dragon Resource Companies Inc (BDGR)

[57tbird]

SPDDAR. Isn't it mazing what some posters will say. If I got into any stock and lost a ton of money on it, the LAST thing I would ever do is spend my time bashing it on a board like this one. All you have to do is ask why a basher exists - the answer(s) are all too obvious. Even posting this comment grates on me. BUT, there are some silent readers who, for what ever reason, give these folks a modicum of credibility by responding with questions. Too bad. We know better.

Happiest of Saturdays!

[localoil]

LEt's take this apart:

"Localoil, its obvious you are neither local nor in oil. How did I figure this out? Lets just say, your statement

“Dragon's assumption of the liabilities of plugging the wells meant that ANYTHING was better than nothing from the seller's perspective” is wrong."

>>>If you were in oil, you would know that you cannot escape liability by leasing troubled properties to a third party. You would also know that if you lease your property to a third party you are responsible for the lessee’s spills and contamination. <<<


Subleasing or assigning a lease to a new assignee or subleasee DOES change the liability picture to the extent that the assignee or subleasee operates those wells and is listed as the operator, or if someone like Dragon has acquired the company that is listed as the operator as is the case with Wooldridge. And those instruments don't just say, "Hey, you can have the oil and I'll keep the liability", when you get the well you've got the liability that comes with the wellbore. YOu can't "lease" already leased property to a third party - you can only assign or sublet.

[Trooper]

And you dear sir, clearly have not a clue how liability works in the oilpatch and have no business lecturing anyone on the subject.

The "dreamers" on this board have the worst case I've ever seen of if-you-don't-like-the-message-blame-the-messenger I've ever seen.

So, let's make the tone of this board its explicit policy: no more inconvenient facts allowed. Only moonshine and blue sky.

No doubt this will generate more excoriation from the dreamers toward me.

You can lead a horse to water but you can't make him think.