Saturday, April 21, 2007 11:35:19 PM
PR leads you to expect at least $2.5 - $3 mil for '07.... we all know it's going to be much more... production increasing each quarter with a 600,000 1st quarter..
turn on 60 new wells for this month? 46 new wells last month? & growing large....
less than 70 mil O/S .... can you say cha ching...
"Black Dragon Reports 1Q Gross Revenue of Over $600,000
OIL CITY, LA, Apr 19, 2007 (MARKET WIRE via COMTEX) -- Black Dragon Resource Companies (PINKSHEETS: BDGR) today announced that its oil fields grossed over $620,000 for the first quarter of 2007.
Current Operations:
1. The Company has put on 40 new wells so far this month.
2. Three water wells have been drilled.
3. Haynesville is to be brought into production imminently.
4. Johnson Eckart is to be turned on imminently.
5. Management's April goal has been increased to 60 new wells put on
pump. It expects that all newly drilled oil wells will be on pump
by the end of this month.
6. Black Dragon put two additional water disposal units back on line.
Management will not project future production, due to the variables of weather, equipment availability, and pricing. However, they are confident that, barring the unforeseen, production will increase each quarter.
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."
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