Pink Sheets: Black Dragon Resource Companies, Inc. (BDGR) news stock charts
Black Dragon Resource Companies, Inc. (BDGR/BDGR.PK) Penny Investment Summary:
Black Dragon Resource Companies, Inc. engages in the acquisition, development, production, and sale of oil and gas, and natural gas properties in the United States. It produces oil and natural gas from marginal stripper wells, whose production has slowed to 1/2 barrels of crude oil per day or less. The company was incorporated in 1996 as Vita Health, Inc. and changed its name to Vita Warehouse Company, Inc. in 1999. Further, it changed its name to Texas Diversified Distributors, Inc. in 2001; to Black Dragon Resource, Inc. in February 2004; and to Black Dragon Resource Companies, Inc. in December 2004. Black Dragon Resource Companies, Inc. is headquartered in Oil City, Louisiana.BLACK DRAGON RESOURCE COS IN (BDGR:OTC)
Snapshot of BLACK DRAGON RESOURCE COS IN (BDGR)
|
OPEN
$0.0019
|
PREVIOUS CLOSE
$0.0019
|
|
|
DAY HIGH
$0.0019
|
DAY LOW
$0.0017
|
|
|
52 WEEK HIGH
10/20/09 - $0.06
|
52 WEEK LOW
03/26/09 - $0.0011
|
|
|
MARKET CAP
--
|
AVERAGE VOLUME 10 D
26.2M
|
|
|
EPS TTM
--
|
SHARES OUTSTANDING
0.0
|
|
|
BDGR Does Not Pay Dividends
|
P/E TTM
--
|
|
| K = Thousands M = Millions B = Billions | ||
Key developments for BLACK DRAGON RESOURCE COS IN (BDGR)
Black Dragon Resource Companies, Inc. reported $300,000 in profit for the year 2009, as opposed to the previously announced profit of $100,000.
Black Dragon Resource Companies, Inc. announced earnings results for the year 2009. For the year, the company's revenues were $1,100,000.00. Profit was $100,000.00.
Black Dragon Resource Companies, Inc. announced that two of the five wells have been drilled and logged and the third well is underway. The second well's log shows a six foot zone of virgin oil sands, meaning that Humble Oil Company did not drill deep enough to discover this zone which is not pressure depleted. There are good hydrocarbon shows from 650 feet to 775 feet and also from 850 feet to 910 feet. This means that targeted pay zones are thicker than originally expected which hopefully translates to larger than expected returns. If all goes well, the plan is to complete the first three wells, allowing for production to commence, and then to calculate the best location for the last two wells based off of well logs and geological information. The company is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels and to purchase additional leases.
Black Dragon Resource Companies, Inc. financial resources
BDGR Competitors
| Company | Last | Change | |
| No competitor information is available for BDGR. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | BDGR | Industry Range |
| Price/Earnings | 1.8x |
|
| Price/Sales | 0.7x |
|
| Price/Book | 0.1x |
|
| Price/Cash Flow | 2.1x |
|
| TEV/Sales | NM | Not Meaningful |
|
BDGR |
||
BDGR transactions
| Type Date |
Target |
|
Merger/Acquisition
December 22, 2009 |
Humble Salt Dome EOR Project |
|
Merger/Acquisition
November 25, 2009 |
Paluxy Depth Well |
Pink Sheets: More Recent Financial News About Black Dragon Resource Companies, Inc.
Black Dragon Resource Companies, Inc. Updates Humble EOR Project
Read article
Black Dragon Resource Companies, Inc. Retains Mire & Associates for PV-10
Read article
Black Dragon Resource Companies, Inc. Updates Humble EOR Project
Read article
Black Dragon Announces the First Well in the Humble Salt Dome EOR Project
Read article
Black Dragon Resource Companies, Inc. Retains Mire & Associates for PV-10
Read article
Black Dragon Resource Companies, Inc. Retains Mire & Associates for PV-10
Read article
Black Dragon Resource Companies, Inc. Updates Humble EOR Project
Read article
Black Dragon Announces the First Well in the Humble Salt Dome EOR Project
Read article
Black Dragon Moves Forward on Acquisition, Releases New Photos and Full Disclosure and Updates Shareholders
Read article
Black Dragon Announces Acquisition of Additional Operating Company to Increase Revenues, Growth, and Shareholder Value
Read article