SOURCE: Black Dragon Resource Companies, Inc.

October 03, 2007 08:00 ET

Black Dragon Announces September Sales

OIL CITY, LA--(Marketwire - October 3, 2007) - Black Dragon Resource Companies, Inc. (PINKSHEETS: BDGR) ("the Company," "Dragon") announced today that the Company produced in the month of September 6,323 barrels and shipped 4,420 barrels. Dragon had 10 leases with oil that was not picked up, which represent a total of 1,181.04 barrels. These figures do not count any gas sales. However, Management goals were close, if the oil had been picked up (5,601.04). Oil was picked up off of 40 separate leases.

This shows that the Company will not be profitable in September as hoped. Cash on cash the Dragon will be short around $77,000.00, which can be made up in operations.

Dragon will be looking to acquire more shares in the month of October with prices this low. The Company will do its best to acquire another 500,000 to 1 million or more shares.

Production per average well is still around .669% of a barrel. Dragon has 3200 plus barrels of sellable oil in the stock tanks. These figures will be updated every month.

Lastly, the Dragon has replaced a couple of dozen tanks. These tanks were drained, and the oil now sits in large storage tanks; oil, gunk known as BS and water. The tanks range from 200 to 500 barrels. This month Dragon plans to start cleaning these storage tanks and by this work, will hopefully add an additional 500 to 600 barrels a month.

About Black Dragon:

Black Dragon Resource Companies, Inc. 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:

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 Black Dragon 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. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, oil and gas reserves and revenues to be derived therefrom, plans to drill additional oil and gas wells, acquisition of additional oil or gas leases, maintaining mineral lease rights, continued maintenance of the oil field and properties, price of oil and gas, marketing and sales of oil and gas produced, government regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth. In addition, the Company's ability to produce audited financial statements, its ability to accurately forecast its operating results, and its ability to achieve profitability or generate positive cash flow are uncertain. Black Dragon assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Readers are cautioned not to place undue reliance on these forward-looking statements.

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