Replies to post #33512 on Black Dragon Resource Companies Inc (BDGR)

[crude-dude]

I was looking at production figures. The wells are on automatic time clocks and dont need anyone on site to make them produce. The tank guage report indicated more than enough room in the tanks for additional production. Yes sales were down even more than production because some roads were bad and I can imagine transport trucks may have been delayed. I have those figures as well. Trupm007, I am not trying to mislead anyone here. If you would like I could send you the actual reports that were submitted by the company. Every oil and gas well has a natural decline curve and if you don't add reserves you will decline to nothing.

[crude-dude]

Trupm007, if you really want to know what is going on with the wells you should look. Don't trust me or anyone else for data except the official reports filed with the State. These reports are auditied monthly with a pretty good audit system. Your question led me to recheck the data and try to see why production numbers are falling and the answer is:
In addition to normal decline, producing leases are disappearing out of the BDGR inventory and showing up on other company's inventory. The latest was 25 producing wells on the NOEL ESTATE "A" lease which now belongs to J. KIRIN OIL & GAS LLC. effective 02/01/11.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=33909%20
I don't remember the company telling us about this. Towards the end of last year they had disposed of a bunch more and I posted it here as well.
In other words, February numbers probably will be lower still.

[crude-dude]

Jeez... Just spotted anonther 29 wells moved off of the books. That's 54 total wells lost last month.
Look for yourself PLEASE.
Is the company liquidating? Has anyone heard from Joe?