25-75 barrels per day, with an annual value of roughly $600,000to$1,800,000 per well, with current oil prices around $70 a barrel. Dragon looks to drill a total of 5 wells, 1 of them being an injection well, and 4 of the wells producing oil therefore the total annual revenue generated could be
anywhere from
$2,400,000 to $7,200,000!!
We have been profiling BDGR since last Monday on our site and in our blogs.
We first alerted you at .01¢ early last week and we closed at .04¢ on Friday…we feel this is still a very strong play!!
In fact, CLICK HEREto see the short, medium & long term indicators are all BUYS!!
BDGR :: Black Dragon Resource Companies, Inc.
Black Dragon Resource Companies, Inc.