Black Dragon Resource Companies Inc (BDGR)

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remember this ,,,,,,,,,,,,,,,OIL CITY, La., Dec. 16, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc. ("the Company," "Dragon") (Pink Sheets:BDGR) is pleased to announce its gross oil production estimate for the month of December. Management has revised its December production estimate to greater than 3000 barrels.

In reference to our Cotton Valley Drilling program, the company would like shareholders to know that negotiations with our Canadian joint venture partners have taken longer than anticipated. Management still feels this deal will ultimately come to fruition but the timeline is being controlled by our joint venture partners. The company would ask that our shareholders remain patient as we enter this critical part of negotiations.

According to Tom Neely, President of Black Dragon Resource Companies Inc, "There appears to be a group of motivated people spreading false rumors and misinformation about our company. We would like the public to know that the share structure of BDGR has been decreased to less than 22 Billion shares. I am also very happy to see oil nearing $90.00 a barrel as we anticipate a strong ramp of in production during the month of December."