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Gold/Mining/Energy : Black Dragon Resources Company....BDGR.pk -- Ignore unavailable to you. Want to Upgrade?


To: stockman1234 who wrote (15)9/25/2007 7:32:20 PM
From: Skywatcher  Respond to of 40
 
bad....all news from this POS seems to be bad....incredible



To: stockman1234 who wrote (15)9/26/2007 5:40:10 PM
From: Skywatcher  Respond to of 40
 
mo bad...another bad day...whomever is trying to takeover this company is doing a great job



To: stockman1234 who wrote (15)9/27/2007 1:24:40 PM
From: Skywatcher  Respond to of 40
 
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



To: stockman1234 who wrote (15)9/27/2007 2:47:34 PM
From: Skywatcher  Respond to of 40
 
WOW...seems Mr Ellis was the one trying to railroad the company from INSIDE!...he owes us $50,000 and one HELLUVA Explanation it seems
and now the stock seems to have rid itself of inside cronyism

Black Dragon Sets Record Straight on Michael Ellis Resignation
Thursday September 27, 2:31 pm ET

OIL CITY, LA--(MARKET WIRE)--Sep 27, 2007 -- The Executive Committee of the Board of Directors of Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) announced today corrections to the unauthorized release by Michael Ellis, former President, Treasurer and Director of the Company.

Through his associate, Mr. Joel Pensley, an attorney from Connecticut, Mr. Ellis caused a release to be issued which was erroneous as to facts and circumstances regarding his departure from the Presidency and Board of Black Dragon.

At no time, since his appointment to the Presidency by the Board, did Mr. Ellis come to Oil City to commence taking over the day-to-day operations of the Company.

Mr. Ellis was in fact paid the sum of $50,000 for purported services rendered to Black Dragon and to this date, has not forwarded to the Company any or all of the geological and geophysical research work purported to have been done by himself on behalf of Black Dragon.

Mr. Ellis was hired, at the behest of the Board, to implement a program for increasing production on existing shallow wells and to develop an operational plan which would facilitate the evaluation of reserves at depth to further develop and produces reserves which the Company owns.

Mr. Ellis indicated that interim funding would be forthcoming, pending the development of a drilling program. To this date, no interim funding has materialized nor has a comprehensive drilling program been developed.

Mr. Ellis further insisted that all present board members submit their resignations to allow for his associates to be appointed to the Board, issuing 100 Million shares of New Stock as compensation for services to his new Board.

Additionally, Mr. Ellis indicated that he would dispose of all of the leases located in Louisiana, regardless of the outcome, to provide funds for drilling exploratory wells in other regions of the country.

None of his intentions or plans were disclosed to the Board prior to his appointment as President of Black Dragon. These intentions were clearly not in the best interest of the Company and its shareholders.

At a special meeting of the Board of Directors on September 24, 2007, Mr. Ellis, though notified, elected not to participate. The Board discussed terminating Mr. Ellis for cause, but decided to offer Mr. Ellis the opportunity to resign, which apparently he did, without notifying the Company directly, but instead through an unauthorized release.

The Executive Committee expressed regret that Mr. Ellis had taken unilateral action without regard to the effect it might have on the Company and its stockholders.

Repeated attempts to reach Mr. Ellis by Corporate Counsel have been unsuccessful.



To: stockman1234 who wrote (15)10/3/2007 12:54:37 PM
From: Skywatcher  Respond to of 40
 
well...they HAVE oil...and now it's not getting out to be bought, and they are cleaning up their mess...something's gotta give here
Black Dragon Announces September Sales
Wednesday October 3, 8:00 am ET

OIL CITY, LA--(MARKET WIRE)--Oct 3, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) ("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.



To: stockman1234 who wrote (15)10/5/2007 12:07:42 PM
From: Skywatcher  Respond to of 40
 
Black Dragon Announces a Joint Venture Starting the Week of October 8, 2007
Friday October 5, 8:00 am ET

OIL CITY, LA--(MARKET WIRE)--Oct 5, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) ("the Company," "the Dragon") announced today that Dragon and a Working Interest Holder are going to reevaluate a gas and oil well drilled in the early 90s but never fraced. The reason behind the re-evaluation is a well drilled six months ago, close to Dragon's No. 67 and fraced, was a success. The plan is if this frace on Well No. 67 is successful, there are 9 other gas wells never fraced, just shot, that can be reevaluated.

The goal is the well will produce 18 more barrels of oil a day and 150,000 mcf of gas.

18 barrels x 30 days = 540 barrels x $76.00 = $41,040.00/2 = $20,520.00 x 73% net revenue = $14,979.60 per month.

150,000 mcf x 30 days = 4,500,000 x 6.55 = $29,475.00/2 = 14,737.50 x 73% net revenue = $10,758.37 x 91% net gas = $9,790.11 per month.

$24,769.71 for 50% of one well x 10 wells could equal $247,697.10 or more additional revenue per month. Management stated if the first well comes in, the rest could be finished up in November.



To: stockman1234 who wrote (15)10/11/2007 11:23:18 AM
From: Skywatcher  Respond to of 40
 
more hope!
Black Dragon Announces 9 Months Gross Revenue of $2,420,359.55
Thursday October 11, 8:00 am ET

OIL CITY, LA--(MARKET WIRE)--Oct 11, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) ("the Company," "the Dragon") announced today its first three quarters of gross revenue for this year totaled $2,420,359.55.


1st Quarter was $674,430.67
2nd Quarter was $770,389.85
3rd Quarter was $975,539.55

Black Dragon is very optimistic the company will produce 22,000 barrels of oil in the 4th quarter. This production will give Black Dragon over 4 million dollars gross revenue for the year of 2007. Meeting the goal of producing 22,000 barrels of oil will be a great accomplishment for Black Dragon, if it is reached.

Secondly, Management is in negotiation with a foreign corporation for a capital infusion into Black Dragon. If this transaction is completed, Black Dragon will be on its way to the next phase of a well-established oil and gas producer.



To: stockman1234 who wrote (15)10/16/2007 2:24:34 PM
From: Skywatcher  Read Replies (1) | Respond to of 40
 
volume up, stock finally over FIVE CENTS!



To: stockman1234 who wrote (15)10/23/2007 12:03:06 PM
From: Skywatcher  Respond to of 40
 
Black Dragon Provides Management Update
Tuesday October 23, 10:20 am ET

OIL CITY, LA--(MARKET WIRE)--Oct 23, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) announced today, in light of the recent removal of Michael Ellis as President of the Company, they are presently searching for a new executive officer.

During the interim, the Board of Directors is operating the Company with an executive committee of Nick Ronsheimer-Director, Joe Lanza-Chairman & Director, Gary Zorne-Chief Financial Officer, Tom Neeley-Secretary & Director and Lou Chighisola-Director.

The August announcement stating the resignation of Mr. Lanza was incorrect, as he had only resigned as President and not from the Board of Directors.

The Company also announces the resignation of Malone and Bailey, independent accountants for the Company.

Mr. Zorne is working on the appointment of new auditors.



To: stockman1234 who wrote (15)10/30/2007 3:34:49 PM
From: Skywatcher  Respond to of 40
 
Black Dragon Announces the Completion of Well #67 and a Joint Venture With Caddo International, Inc.
Tuesday October 30, 3:26 pm ET

OIL CITY, LA--(MARKET WIRE)--Oct 30, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) -- Management is pleased to announce the first flush of oil and gas showed about 30 barrels of oil a day and around 150 mcf of gas a day on Well #67.


With oil at around $90.00 a barrel, estimated gross would be approximately $81,000 a month, and gas selling at around $7.00 plus per mcf totaling $31,500 gross, that would potentially be $115,000 gross a month, meaning pay back in one month. Black Dragon's plan is to do two more locations next week, if possible. If all eleven fracs work like Well #67, these wells could add an additional $850,000 a month in revenue, meaning that Black Dragon could triple its revenue, by year end, not quarterly (no guarantees).


Secondly, Black Dragon is working with Caddo International, Inc. on the use of a new technology whose nickname is known as the "thumper." It can go as far as 16,000 ft and finds the oil, water and gas sands. They then send the disk to their lab and within a week, Black Dragon would also have similar to 3D seismic upgrade. Caddo International is working with a company from Ireland who claims they have the US rights.

Management used the thumper 18 times last week on part of our leases and is currently waiting for the return of the upgraded seismic disk.