CybeRelease: (OTC: BDGR) Adds Nine Wells With Increased Revenue
(CybeRelease, May 24, 2006) - Lake Harmony, PA - Black Dragon Resource Companies, Inc. (OTC PK: BDGR) President Richard Michael announced today that the Company has acquired another two more leases with seven wells producing around 220 barrels a month. Mr. Michael went on to state that they will complete a third purchase next week, which will consist of drillable acreage and two deep gas and oil wells, one 11,000 ft., the other 8,500 ft. Mr. Michael said, “That the two gas wells should produce 30 million a month and about 600 barrels of oil. Down hole pressure is over 1000 pounds in both wells. In total, these three purchases should add additional revenue of at least $180,000 a month to the companies growing revenue stream,” added Mr. Michael.
About Black Dragon:
Black Dragon Resource Companies, Inc. is oil and gas production company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company’s focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
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