Replies to post #24040 on Black Dragon Resource Companies Inc (BDGR)

[Sargeant-Preston]

Now if they only HAD some production, at least any they were willing to tell us about. You know, real numbers that could be verified with the regulatory agencies to whom they have to report such production, were there any.

[crude-dude]

Be careful when looking at percentages. Most of these wells make less than a half bbl per day in oil per 30 bbl of water. so a 500% increase would be 2.5 bbl oil and 150 bbl water increases if successful. Horizontal drilling into the chalk is not new and Smith knows it. Dragon does not operate any wells so all the operating expense, including disposal cost, is payed to Lanza's other companies and others. If there is a increase in revenue, it will likely be the revenue of the operator and service company.