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BDGR - Black Dragon Resource Companies, Inc.
announced today that it has entered into an agreement to acquire 70
additional oil and gas wells currently producing 400 to 700 barrels a
month. The Company expects to recognize revenue from the acquisition
in its first quarter ending March 31, 2006.
"We believe this acquisition of producing properties will generate
significant cash flow for the Company," said Rick Michael, president
of Black Dragon. "All of the leases are fully equipped so that we can
bring them on line immediately. We can also add other wells and
conduct in field drilling. Upon completion of this acquisition, the
Company could produce 8,000 barrels for the month of February."
The Company is also evaluating other properties that can be
acquired cost effectively and that generate strong cash flow.

About Black Dragon Resource Companies, Inc.

Black Dragon is focused on the recovery of oil and gas reserves
through acquisition and project development, specializing in mature
and marginal field enhancement, developmental exploitation drilling
and low-risk exploration opportunities in the Texas and Louisiana
region.

Forward-Looking Statements

Certain information discussed in this press release may constitute
forward-looking statements within the Private Securities Litigation
Reform Act of 1995 and the federal securities laws. Although the
Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions at
the time made, it can give no assurance that its expectations will be
achieved. Readers are cautioned not to place undue reliance on these
forward-looking statements. Forward-looking statements are inherently
subject to unpredictable and unanticipated risks, trends and
uncertainties such as the Company's inability to accurately forecast
its operating results; the Company's potential inability to achieve
profitability or generate positive cash flow; the availability of
financing; and other risks associated with the Company's business. The
Company assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.



KEYWORD: NORTH AMERICA TEXAS UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS CONTRACT/AGREEMENT
SOURCE: Black Dragon Resource Companies, Inc.


CONTACT INFORMATION:
Black Dragon Resource Companies, Inc., Austin
Rick Michael, 512-442-4151
www.black-dragonoil.com