Black Dragon Resource Companies Inc (BDGR)

[baskinrobbi]

NEWS from JULY 28 (yesterday) from Yahoo

Press Release Source: Black Dragon Resource Companies, Inc. On Wednesday July 28, 2010, 9:15 am EDT
OIL CITY, La., July 28, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc. ("the Company", "Dragon") (Pink Sheets:BDGR - News) is pleased to announce to shareholders that revenue increased by $224,000.00 for the second quarter compared to $125,120 for the first quarter for a total of $349,120.00 for the first six months of 2010.

The company has been making significant progress on its Humble EOR Project. All 5 wells should be pumping within a week and a half at which time the company intends to begin the EOR phase of the project. This phase of the project is projected to increase oil flow to 200-300 barrels of oil per day, dramatically increasing cash flow from the project.

Management expects to have all of the conditions in regards to its Cotton Valley drilling program worked out within the next week. All parties have showed an incredible commitment to proceed with the deal.

News coming next week...obviously shares are being passed between mm or dilution of the new shares going in, there are only so many, and considering how fast it is happening, shd be over soon...the chart shows CMF up and lots of pouring into BDGR

my opinion, but we shd uptrend as early as next week