Replies to post #34168 on Black Dragon Resource Companies Inc (BDGR)

[Sheepdog]

From the 2010 annual just released:

ii. Average Production Cost/Lifting Cost Per Unit of Production:
2008 $40.92
2009 $42.87
2010 $61.97

That means we "produced" about 11,440 bbls [lifting costs of $708,910/cost of $61.97)for the year and our sales were at $39/BBL ($451,200/11,440 bbls)...ANYTHING WRONG WITH THAT PICTURE??????

There is only one conclusion I can think of.....My theory that BDGR is paying the production costs for ALL of his other companies is confirmed. That is THEFT, guys..... Any other conclusion or theory is welcomed.