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BDGR has great potential @ 0.002
Black Dragon is Entertaining a Potential Buyer
http://finance.yahoo.com/news/Black-Dragon-is-Entertaining-pz-21317...
Press Release Source: Black Dragon Resource Companies, Inc. On Wednesday February 24, 2010, 12:42 pm
OIL CITY, La., Feb. 24, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR - News) Chairman and CEO, Mr. Scott D. Smith, announced today that he has been in discussion with another company to purchase BDGR. At this time we are only in preliminary discussion. Mr. Smith also stated that year end financials have finally been sent to council. By getting our financials current and updating our disclosure statement, Mr. Smith hopes to have "Green Light Status" restored to the company's Pink Sheets profile soon.
The 1st Humble well was perforated on Monday, showing great gas pressure. With this show of gas, the company is hopeful that future overhead costs will be reduced once the project reaches its tertiary recoveryphase by alleviating cost of powering the boiler by alternative means. The remaining wells will be completed aggressively over the coming weeks. Additional investment projects are being reviewed by the board and all offers are being considered.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.
http://finance.yahoo.com/news/Black-Dragon-is-Entertaining-pz-21317...
Press Release Source: Black Dragon Resource Companies, Inc. On Wednesday February 24, 2010, 12:42 pm
OIL CITY, La., Feb. 24, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR - News) Chairman and CEO, Mr. Scott D. Smith, announced today that he has been in discussion with another company to purchase BDGR. At this time we are only in preliminary discussion. Mr. Smith also stated that year end financials have finally been sent to council. By getting our financials current and updating our disclosure statement, Mr. Smith hopes to have "Green Light Status" restored to the company's Pink Sheets profile soon.
The 1st Humble well was perforated on Monday, showing great gas pressure. With this show of gas, the company is hopeful that future overhead costs will be reduced once the project reaches its tertiary recoveryphase by alleviating cost of powering the boiler by alternative means. The remaining wells will be completed aggressively over the coming weeks. Additional investment projects are being reviewed by the board and all offers are being considered.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.
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