Replies to post #10270 on Black Dragon Resource Companies Inc (BDGR)

[localoil]

Charts,

"I think mav was using override and my response was lease +/inclusive of overrides. Was I correct?

Thus, when I stated, "minimum of 25% was OK", it included overrides. I understand the more you give away/you have/receive $ from, the less you have. But, I was thinking that, say a 30% burden (leasee's % plus any/other overrides - stuff that reduces NRI - was OK at today's oil prices."

For a developmental prospect, not a wildcat, in a trend the produces REALLY well, such as an offset to in a proven gas trend or putting together additional unit wells for a "new" oil prospect then 70% net revenue is doable.

"I know land that I own the mineral rights on have been leased for 1/8, previously."

I'd say those days are just about over! But I have seen new leases at 1/8 to restore stripper production. Typically it's a not very well informed lessor.

"With a truce in place, maybe we both can work toward the same end - "GET THE RATS OUT OF TOWN"."

Good idea.