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Stock Watch: Emerging Public Company Completes Acquisition of 70 Additional Oil and Gas Wells! March 13, 2006

Posted on: Monday, 13 March 2006, 09:01 CST

Wall Street News Alert's "stocks to watch" this morning are: Black Dragon Resource Companies Inc. (OTC: BDGR), Valero Energy Corporation (NYSE: VLO), ConocoPhillips (NYSE: COP), and Ford Motor Company (NYSE: F).

Black Dragon Resource Companies, Inc. (OTC: BDGR) may have the attention of investors again this morning as the markets begin trading! Friday after the stock markets closed, the company issued a press release announcing that it has completed the acquisition of 70 additional oil and gas wells, 36 of which are currently in production at the rate of approximately 500 barrels per month. The remaining 34 wells will be in production by May 1, 2006.

The news of additional well acquisitions should appeal to investors! According to the company, it expects the 70 wells in total to produce over 1,400 barrels per month. The wells are located contiguous with the Company's Pine Island properties in Louisiana. The Pine Island area is the second most prolific area for oil reserves in Louisiana, according to published oil industries statistics.

"With the completion of this acquisition, Black Dragon is poised for rapid revenue growth in 2006. With 1200 company well bores, including 413 producing wells currently in our portfolio, it is our goal to be on target by year end to produce over 30,000 barrels of oil per month," said Rick Michael, President of Black Dragon.

Wall Street News Alert is placing aggressive investors on high alert to watch this company! In January, the company announced that production for the month of December exceeded 7,800 barrels of oil, the highest level in the company's history. In addition, the company announced that it was now the 22nd rated oil and gas company (out of 589 production companies) in the state of Louisiana based upon production. The Company, due to its rapid growth, moved up from 104th in 2003 and 60th in 2004.

Prior to Friday's press release, the stock closed at Forty-Two cents a share.

To view an updated, in-depth profile of Black Dragon Resource, visit http://www.thenewssvc.com/BDGR031206.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: 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 region.

Valero Energy Corporation (NYSE: VLO) up 0.5% on 7.6 million shares traded.

Valero Energy Corporation owns and operates 18 refineries throughout the United States, Canada and the Caribbean.

ConocoPhillips (NYSE: COP) down 0.1% on 9.1 million shares traded.

ConocoPhillips is an integrated petroleum company with interests around the world.

Ford Motor Company (NYSE: F) up 1.1% on 15.9 million shares traded.

Ford Motor Company is one of the world's largest automakers.

Commentary:

"On Friday, the University of Michigan releases its widely watched consumer sentiment index. The preliminary reading for March is expected to come in at 89.5, up from February's 86.7 reading," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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