Deliver Your News to the World

CybeRelease: (OTC: BDGR) Adds Nine Wells With Increased Revenue


WEBWIRE

(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.

To read the complete release, go to http://www.CybeRelease.com/bdgr52406.htm

For a Free Newsletter and more information, go to http://www.OTCReporter.com

CybeRelease Gainers are Capstone Turbine Corporation (Nasdaq: CPST), SigmaTron International, Inc. (Nasdaq: SGMA), Carrington Laboratories, Inc. (Nasdaq: CARN), Ixia (Nasdaq: XXIA), Iomai Corporation (Nasdaq: IOMI), AngioDynamics, Inc. (Nasdaq: ANGO), Ansoft Corporation (Nasdaq: ANST) and Insteel Industries, Inc. (Nasdaq: IIIN).

CybeRelease Decliners are Maxco, Inc. (Nasdaq: MAXC), IAC/InterActiveCorp (Nasdaq: IACI), Nastech Pharmaceutical Company, Inc. (Nasdaq: NSTK), Super Vision International, Inc. (Nasdaq: SUPVA), Quality Distribution, Inc. (Nasdaq: QLTY), INTAC International (Nasdaq: INTN), Escala Group, Inc. (Nasdaq: ESCL) and AXT Inc. (Nasdaq: AXTI).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $500.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.



WebWireID14494





This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.