Black Dragon Resource Companies Reports Record Breaking Oil Production For The Month Of July
Posted on: Tuesday, 2 August 2005, 15:00 CDT
Black Dragon Resource Companies, Inc. (Pink Sheets:BDGR) announced today that for the month of July 2005, the company reported record breaking oil production with the shipment of 3157 barrels of oil. Black Dragon will receive approximately $179,000.00 for the shipment which does not include any gas the company is producing. At the current time Black Dragon has 2103 barrels of oil in inventory waiting to be shipped. Upon shipment the production is estimated to bring an additional $115,689.20 in revenue to the company.
Based on revenue projections Black Dragon Resource Companies is scheduled to ship over 4,000 barrels of oil for the month of August 2005.
About Black Dragon Resource Companies, Inc.
Black Dragon is focused on the recovery of oil and gas reserves through acquisition and project development, specializing in mature and marginal field enhancement, developmental exploitation drilling and low-risk exploration opportunities in the Texas and Louisiana oil patch.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Source: Business Wire
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