Brick, i do not see BDGR on your list. I put together a DD for you:
BDGR, a company with a PPS of only 0.0018, recently reported that is became profitable for 2009. As a result, because profitable companies sitting at low PPS are appealing to buyers, BDGR is entertaining a potential buyer. Also, they intend to update the pinksheets in short term to help with the selling of the company. Bottom line, you got a sexy package here, profitable company+buyer+pinksheets update, all for a PPS of only 0.0018 today. Because next week it might be a different story. The volume is building up, so i expect BDGR to take off next week.
The profit for 2009, was $300,000 which is huge for a PPS of 0.0018 and market capital of $650,000. BDGR is an oil and gas company, and with the oil price going up in the summer together with the economy, the sky is the limit.
Company description: Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.
PRs:
OIL CITY, La., Feb 12, 2010 (GlobeNewswire via COMTEX) ----Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO, Mr. Scott D. Smith is pleased to announce today that Black Dragon showed $300,000 in profit, as opposed to the previously announced $100,000.
Mr. Smith went on to say that he attended a meeting with all parties involved in the Humble Salt Dome EOR Project to work out completion plans for the wells. As previously stated, four of the five wells have been drilled and logged. The logs look appealing and potential production is imminent in the next few weeks. Each well has its own characteristics and will be completed in a manner that will allow for maximum initial production. Initial Production estimates range from 50 to 150 bbls per day per well. If this initial five well pattern is as successful as it currently appears, aggressive plans to move forward on the second pattern will be implemented with the possibility of the third to follow.
Mr. Smith concluded by stating that the year-end financials have been submitted to Dragon's legal counsel, but due to the inclement weather in the Northeast, financials may not be released until next week.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.
OIL CITY, La., Feb 24, 2010 (GlobeNewswire via COMTEX) ----Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO, Mr. Scott D. Smith, announced today that he has been in discussion with another company to purchase BDGR. At this time we are only in preliminary discussion. Mr. Smith also stated that year end financials have finally been sent to council. By getting our financials current and updating our disclosure statement, Mr. Smith hopes to have "Green Light Status" restored to the company's Pink Sheets profile soon.
The 1st Humble well was perforated on Monday, showing great gas pressure. With this show of gas, the company is hopeful that future overhead costs will be reduced once the project reaches its tertiary recovery phase by alleviating cost of powering the boiler by alternative means. The remaining wells will be completed aggressively over the coming weeks. Additional investment projects are being reviewed by the board and all offers are being considered.
News 
Market Data 
Discover 
