Black Dragon Resource Companies Inc (BDGR)

[thebloggingbanker]

BDGR-

Toronto, ON, Canada -
(Toronto - December 10, 2010) Black Dragon Resources Ltd., (trades on the Frankfurt Exchange as 8BD) announced today that Novembers gross production of both oil and gas reached $82,303.74 (US).

The company now has crew working full time to rework all of the 14 producing wells. This should increase production by at least by 40% for the month of December. Additionally, Management plans to drill another well on the property.

Management has stated that they are waiting for a signed contract from a German fund for a private placement to add additional working capital to drill eight deep Wells. The company will be drilling in Louisiana, Texas, and Arkansas. As well Black Dragon Resources is also negotiating a joint venture agreement with up to three other oil companies, lowering the risk and allowing the company to drill more depths.

About Black Dragon
Headquartered in Toronto Canada, Black Dragon Resources Ltd. Black Dragon is in the business of enhancing the productive output of crude oil and natural gas in mature, marginal stripper wells, a well whose production has slowed to 1/2 bbls of crude oil per day or less.

Source:
http://www.black-dragonoil.ca/ 12-10-2010

Financials due around Feb 15th. More production, means more money for Black Dragon.

http://www.otcmarkets.com/stock/BDGR/news