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Concorde Dome project drilling now with a guaranteed 7.5% stake, running up to 37.5% potential. 1.1 million barrels estimated. panola field starting to roll now too. Selling that to operator for cash and future revs.
Call the ceo or IR person with questions, they dont lie.. this pink is for real. Settlement news is gonna be gravy for this company. They already have active wells. This will run into the summer, always thought it would, thats why i havent sold this yet. ive talked to ceo many times, he is for real IMO
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big dump at the bell? like i figured. someone didnt get settlement news in the newsletter and went selling. figured this would happen this morning
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cactus, i have omog on my watchlist and would like to make some DD, if its worth to buy it or not. i just took look at their page and see: Shares Authorized 1.7 Billion Shares Outstanding 1,699,000,419
Do they finance their company by issusing more and more shares?
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no dilution.. i just started this thread theres tons of dd on the old. thats one problem with starting another thread i guess.. all we did was obsess on the dang lawsuit on the other one.
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bid has been 3 to 4 times the ask, just picking off cheap shares.. they tried it under .005 with no luck. someone out there is accumulating the crap out of this.
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like someone at another board said, i wonder how much of it is OMOG's?
today from bdgr..
AUSTIN, Texas, Jun 09, 2006 (BUSINESS WIRE) -- Black Dragon Resource Companies Inc. (Pink Sheets: BDGR) released today a reserve analysis of its Caddo Lake properties just completed by Wexco, Inc. Registered Petroleum Engineers. The report, which is available from Black Dragon upon request, estimates that the 5000 acres owned by the Company beneath the lake bed have over 73,000,000 barrels of oil equivalent as recoverable reserves. This combined with the 66,065,000 barrels previously reported on the land based Pine Island Properties equates to a 3.4 barrel reserves per outstanding share of Black Dragon common stock, assuming 40 million outstanding shares.
Wexco Inc., based in Shreveport Louisiana is a nationally recognized petroleum engineering firm, serving both major and emerging oil companies over the past 25 years. The company has completed reserve analysis reports for several Mississippi Gulf clients like Black Dragon and is also recognized for its work as expert witnesses for such organizations as the Louisiana Conservation Commission, the Texas Railroad Commission, and the Oklahoma Corporation Commission.
Richard Michael, President of the Company stated, "We are pleased with the findings of the Wexco report which reconfirms the value of our company and as further reiterated by the March 15th Red Chip Companies recent research report on our company."
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dont think any thing is going any where any time soon, the fed took care of that. Some of the worst weeks i seen on wall steet in a long time.
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funny, the part about.. "trust me there are many friendly parties emerging that are willing to financially support the lawsuit against BDGR if need be"
I really think that we will win big money here, just gonna have to wait this out.
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more buying pressure, i think people are finding out about the newsletter and they are warming up to it. I think the newsletter shows we have bdgr against a wall with no whare to go. Adam may own BDGR someday...
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Holding all my shares but not adding. Made good green on FPPL. Bign still my pick for now and looks great long term IMO. Have a good weekend and GLTA.
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Guess this has not caught onto the BDGR boars because they have been up around 12% all day. On Monday, that might be a different story as more people read this over the weekend
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