Black Dragon Provides Operations Update for September
Thursday September 27, 1:19 pm ET
OIL CITY, LA--(MARKET WIRE)--Sep 27, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) announced today the Company is expecting to have over 5,500 barrels shipped in September.
Gross revenue should be over $400,000 for the month of September, bringing third quarter revenue to over $1,000,000 gross compared to the first six months gross revenue of $1,400,000.
Management has put a committee comprised of three Directors to operate the business affairs of Black Dragon. The auditors, Malone & Bailey, have given October 15, 2007 as the date for the audit to be completed.
The real actual share float of Dragon is around 107 million. This is the total when all of the shares, that have been stopped for lack of consideration being paid, are subtracted. Because of the current low price per share, management is discussing the ability to offer a buyback of their shares |
