Replies to post #30789 on Black Dragon Resource Companies Inc (BDGR)

[Sheepdog]

They just told you, these new wells are averaging 1 BBL/day* until they taper off in a month or so.

*279 times 2 divided by 17 wells /31 days = 1.06 BBLs/well-day

That means these wells will likely NEVER pay off even a $10K/well "restart charge".

What a joke!

[sea_devil]

From Thursday's PR: Company management would like shareholders to know third quarter financials are scheduled to be released next week, along with additional important company news.