CybeRelease: (OTC: BDGR) Gas Sales Could Rise By 50% in October
(CybeRelease, September 5, 2006) - Lake Harmony, PA - President of Black Dragon (OTC PK: BDGR), Rick Michael, wants to make it aware to the company’s shareholders and other investors of the magnitude of the recent acquisitions. The 3,000 acres on the Arkana lease and the 1,275 acres on the Spider lease should double the size of Black Dragon’s oil and gas reserves. The company has shallow and deep rights on both of these large acre leases. Black Dragon is no longer an oil and gas Recovery Company but a full blown oil and gas supplier.
Mr. Michael went on to say, “Both the Arkana and the Spider leases should bring the company huge revenue for the next several years. The wells on the Arkana lease, which is in the cotton valley zone will bring an average of 50 to 100 barrels ($3000 to $6000) of oil a day per well and 400,000 cubic feet to 1 million cubic feet of gas ($2800 to $7000) per well daily. The Spider lease, which is in the Paluxy zone, will produce 15 to 25 barrels of oil ($900 to $1500) per well a day with 100,000 to 200,000 cubic feet of gas ($700 to $1400) per well daily”. Include this with a record-breaking month of August with 10,000 barrels of oil or equivalent shipped from are already production and all this with out the Gemini acquisition it is time to make all investors notice.
To read the complete release, go to http://biz.yahoo.com/bw/060905/20060905005475.html?.v=1
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