CybeRelease: (OTC: BDGR) Revenues Up 400%
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit
(CybeRelease, August 30, 2006) -- LAKE HARMONY, PA - 8/30/2006 - Mississippi State researchers are using a $1.5 million federal grant to implement an innovative oil recovery process that could streamline U.S. production and help reduce the nation’s dependence on foreign energy sources.
In partnership with Texas-based Denbury Resources Inc., the largest oil and gas operator in Mississippi, university experts hope to tap into the 40 percent of oil that remains in most petroleum reservoirs after standard production techniques have been applied.
“This project has ramifications for the future, spanning the gamut from increasing oil production from U.S. reservoirs to reducing our dependence on foreign oil,” said geologist Brenda Kirkland, a member of the interdisciplinary team of MSU scientists.
She said the grant from the United States Department of Energy will help the team apply over the next three years a process called Microbial Permeability Profile Modification. Developed by MSU biological sciences professor emeritus Lewis Brown, the process already has been proven effective in recovering additional oil from nearly depleted fields.
“The main importance of this research is to improve oil recovery,” said Charlie Gibson of Denbury Resources, which is based in the Dallas suburb of Plano.
Black Dragon Resource Companies, Inc. (OTC PK: BDGR) 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.
The company recently announced unaudited revenue results for the first six months of the calendar year 2006 ending on June 30, 2006. Revenues for the period were approximately $1,644,543 compared to $406,336 for the same period in 2005, or a 400% year to year increase, and a 450% increase in the second quarter from the same period in 2005.
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CybeRelease Gainers are ViroPharma Incorporated (Nasdaq: VPHM), Credence Systems Corporation (Nasdaq: CMOS), Sanderson Farms, Inc. (Nasdaq: SAFM), Restoration Hardware, Inc. (Nasdaq: RSTO), Parlux Fragrances, Inc. (Nasdaq: PARL), CV Therapeutics, Inc. (Nasdaq: CVTX), StemCells, Inc. (Nasdaq: STEM) and Arena Pharmaceuticals, Inc. (Nasdaq: ARNA).
CybeRelease Decliners are Bookham, Inc. (Nasdaq: BKHM), SGX Pharmaceuticals, Inc. (Nasdaq: SGXP), Olympic Steel, Inc. (Nasdaq: ZEUS), Cavalry Bancorp, Inc. (Nasdaq: CAVB), Bio-Reference Laboratories, Inc. (Nasdaq: BRLI), Cardiome Pharma Corporation (Nasdaq: CRME), NPS Pharmaceuticals, Inc. (Nasdaq: NPSP) and Dot Hill Systems Corporation (Nasdaq: HILL).
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