SOURCE: IO Circuit

June 13, 2006 10:49 ET

(OTC PK: BDGR) Working on Their First Shut In Well

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- June 13, 2006 -- Black Dragon Resource Companies, Inc., (PINKSHEETS: BDGR) announced today that the company is working on their first shut in well located on Caddo Lake. President, Mr. Rick Michael, stated, "We have 46 shut in wells on Caddo Lake. These wells could add a major amount of production without a huge amount of funds being laid out to put them on. This is a very exciting time for the Company. We've been working on this project for over 18 months now and in a week or less we will be able to see what the first shut in lake well will produce." Mr. Michael went on to say that they are finishing up on a saltwater disposal well, "When it is approved to inject water, Black Dragon will be able to turn on an additional 15 wells. The Company has also staked locations to drill an additional 7 saltwater disposal wells and 40 new Nacatoch oil and gas wells. Summer is here and with the dry conditions we currently have in the oilfield it is time to really turn up the production."

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