SOURCE: Black Dragon Resource Companies, Inc.

April 19, 2007 13:02 ET

Black Dragon Reports 1Q Gross Revenue of Over $600,000

OIL CITY, LA -- (MARKET WIRE) -- April 19, 2007 -- Black Dragon Resource Companies (PINKSHEETS: BDGR) today announced that its oil fields grossed over $620,000 for the first quarter of 2007.

Current Operations:

1.   The Company has put on 40 new wells so far this month.
2.   Three water wells have been drilled.
3.   Haynesville is to be brought into production imminently.
4.   Johnson Eckart is to be turned on imminently.
5.   Management's April goal has been increased to 60 new wells put on
     pump.  It expects that all newly drilled oil wells will be on pump
     by the end of this month.
6.   Black Dragon put two additional water disposal units back on line.
Management will not project future production, due to the variables of weather, equipment availability, and pricing. However, they are confident that, barring the unforeseen, production will increase each quarter.

About Black Dragon:

Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.

The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other such effect resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil and gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.

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.

Contact Information

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