Black Dragon Announces 1st Quarter Revenues

Mon Jul 6, 2009 1:15pm EDT
 
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OIL CITY, La., July 6, 2009 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies,
Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Management is pleased to
announce that all the financial statements on Black Dragon have been posted
through 2004-2008 and 1st quarter of 2009 on pinksheets.com, ending March 2009.

Revenue was $234,427 for 1st quarter of 2009 compared to $420,923 of revenue in
2008. Profit in 2009 was $62,886 compared to $64,120 ending the 1st quarter of
2008. The five months of bad weather and 4 months of $30.00 oil slowed the
Dragon's forward motion. Management is predicting continuously higher production
each and every quarter. Second quarter should be published in mid August.

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.

Forward-Looking Statements - Safe Harbor:

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.

-0-
CONTACT:  Black Dragon Resource Companies, Inc.
          Gary Zorne
          318-995-0710
          bdgroil@bellsouth.net
          www.black-dragonoil.com

 

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