BDGR, latest news out one hour ago , this is what a good co. does !!!!!
Black Dragon Resource Companies, Inc. Retains Mire & Associates for PV-10
Jan. 25, 2010 (GlobeNewswire) --
OIL CITY, La., Jan. 25, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) CEO, Mr. Scott D. Smith, announced today that Black Dragon Resource Companies, Inc. has retained Mire & Associates to update the company's PV-10 reserve study. This report will enable Dragon to have audited financials put out in the near future, as well as the possibility to move to the bulletin board exchange. Additionally, this will give a hard asset value to our leases making them bankable to fund other viable projects for Dragon if and when they present themselves. As soon as the PV-10 is completed, Dragon will seek to engage a firm to audit our financials and get them to the public with urgency. Mr. Smith stated that he will announce the date of the annual shareholder's meeting as soon as the audit is completed and concluded by thanking the shareholders for their support.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells some to deeper levels and to purchase additional leases.
Forward-Looking Statements - Safe Harbor:
KEEP IT SIMPLE, PATIENCE and TOLERANCE brings PEACE and SERENITY !!!
