CybeRelease: (OTC PK: BDGR) Drills New Wells in Hosston Field

(CybeRelease, February 7, 20067) - Lake Harmony, PA - Black Dragon Resource Companies, Inc. (OTC PK: BDGR) announced today that it had finished drilling, obtaining open hole logs and casing 7 new oil wells in the Hosston Field, Caddo Parish, Louisiana. Six wells on the Fuller Lease (Fuller No. 10-15) and one well on the Midyette Lease (Midgyett No. 4) were drilled logged and cased as of Friday, February 2, 2006. All of these wells will be completed in the Nacotosh sand as oil wells within the next few days, weather permitting. These wells are the first in Black Dragon’s aggressive drilling program in Caddo Parish, Louisiana, announced earlier this year.

This week drilling began on the Midyette No. 5 and No. 6 wells. The No. 5 will be completed as a Nacotosh oil well and the No. 6 will be a salt-water disposal well. In addition, drilling will commence on Salt Water Disposal Wells on the Watkins Lease and then on the Taylor lease in the Caddo Pine Island Field. Completion of these facilities will allow the company to resume production from 35 oil wells on those leases that are currently shut in.

When the Watkins and Taylor wells are cased, the rig will be moved to the Land Company Lease in the Caddo Pine Island Field to drill 5 new wells to exploit the Paluxy sands on that property.

It is intended that this phase of the ongoing drilling program will be completed in February. Assuming the weather does not cause undo delays, the company should show significant production increases in February from the Hosston wells and again in March from the Caddo Pine Island wells. All of this work is in addition to the continuing reestablishment of production from Black Dragon’s inventory of existing wellbores.

“This is just the start,” said Rick Michael, company president, “By the first of March we will have laid out and applied for permits for the next 60 days of drilling activity, increasing our production and reserves throughout the second quarter of 2007.”

About Black Dragon:

Black Dragon Resource Companies, Inc. is an 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://biz.yahoo.com/iw/070206/0212022.html

For a Free News letter, go to http://www.OTCReporter.com

CybeRelease Gainers are Kronos Incorporated (Nasdaq: KRON), Corporate Executive Board Company (The) (Nasdaq: EXBD), Dawson Geophysical Company (Nasdaq: DWSN), Triad Guaranty Inc. (Nasdaq: TGIC), Herman Miller, Inc. (Nasdaq: MLHR), Emdeon Corporation (Nasdaq: HLTH), Radiation Therapy Services, Inc. (Nasdaq: RTSX) and Citi Trends, Inc. (Nasdaq: CTRN).

CybeRelease Decliners are Sina Corporation (Nasdaq: SINA), Sears Holdings Corporation (Nasdaq: SHLD), Array BioPharma Inc. (Nasdaq: ARRY), Conceptus, Inc. (Nasdaq: CPTS), CDW Corporation (Nasdaq: CDWC), Monster Worldwide, Inc. (Nasdaq: MNST), International Assets Holding Corporation (Nasdaq: IAAC) and Focus Media Holding Limited (Nasdaq: FMCN).

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 informational 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.

Contact Information

C. P. Barry

Media Contact

CybeRelease.com

Contact via E-mail