Black Dragon Resource Companies Inc (BDGR)

[LGL8054]

OF INTREST:




Petrol Industries, Inc. engages in the acquisition, exploration, development, production and sale of oil, gas, and natural gas liquids primarily in the United States. It primarily operates in the Caddo Pine Island Field and the Shreveport Field located in Caddo Parish, Louisiana. As of December 31, 2004, the company had proved developed reserves of approximately 7,857 barrels of oil. Petrol Industries was formed in 1968 and is based in Shreveport, Louisiana.

Phone
318-424-6396

FAX
949-623-8305

Contact
Arlys C Milan VP/DIR

For the nine months ended 30 September 2005, Petrol Industries, Inc's revenues increased 64% to $1M. Net income decreased 28% to $58K. Revenues reflect increased other operating income. Net income was offset by increased general and administrative expenses due to increased legal & audit costs for the private placement & compliance issues, an increase in lease operating expenses and the presence of $210K bonus expenses.