Black Dragon Resource Companies Inc (BDGR)

[LGL8054]

SHREVEPORT, La.--(BUSINESS WIRE)--Oct. 27, 2005--Petrol Industries, Inc. (OTCBB: PTLD), an energy services company, announced today that it has completed the sale of its oil wells in Caddo Pine Island Field in Louisiana and Texas. The Company sold the wells to Black Dragon Resource Companies for $3 million in a combination of preferred stock and a note. The company plans to use the proceeds to acquire additional oil services equipment to meet the growing demand from its customers.

From: NewsBot
Date: October 27, 2005 03:57:00 AM
The sale completes Petrol's transition to an energy services company. The Company also announced that it expects to report a profit when it reports third quarter results.

About Petrol Industries, Inc.

Petrol Industries are a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions.

Forward-Looking Statements