Press Release
Black Dragon Provides Operations Update
Tuesday April 10, 9:00 am ET
OIL CITY, LA--(MARKET WIRE)--Apr 10, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) today announced that the Company put on 8 new wells last week, which will leave 42 wells in order to meet one of this month's objectives.
Moving forward to this week, on Wednesday, April 11, Black Dragon expects to complete the Taylor water well and will be awaiting approval from conservation authorities to turn it on. The drilling rig will be moved to the Wadkins lease to drill another water disposal well. At this time, Black Dragon is working on 3 additional water wells. It is management's belief that the 5 water wells will add over 100 barrels a day to its production.
Also, the Company is working on getting Hainesville and Johnson Eckart back on, which should produce another 60 barrels a month.
Lastly, management expects to publish 2005 and 2006 financials this week. Consequently, Black Dragon expects that all financial information will be given to the SEC Approved Auditors this week.
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other such effect resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil and gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Forward-Looking Statements
The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY
