Black Dragon Resource Companies Inc (BDGR)

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Black Dragon Gross Revenue Is Up 22% in the Month of October 2007
48 minutes ago - Market Wire

Black Dragon Resource Companies, Inc. (PINKSHEETS: BDGR) today announced October, 2007 gross revenue will be approximately $380,000, which is up from $311,000 for September 2007.

October's Oil Purchase Price was $81.68 per barrel, up from $75.98 per barrel for the month of September.

Management is pleased with the results achieved from the Frac operation on the Muslow Well No. 67 and plans to Frac Wells No. 47 and 48 this coming weekend. Also, management is trying to acquire a Compressor capable of delivering 500 mcf per day, in order to handle the other two wells coming on line. Management is hoping that when the other 7 wells are Fraced, the gas volume will exceed 30 million cubic feet of gas per month. Oil production should increase 150 to 200 barrels per day.

Management has changed their plans on the Schedule for Fracing. A maximum of 6 wells will be completed in November, and the remainder will be completed in December.