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A small energy company that specializes in reworking older oil wells. Proven resources without the risk of drilling new well is their operational dictate. black-dragonoil.com Black Dragon Resource Companies, Inc. operates as an independent oil and gas production company, focusing on the acquisition of mature, producing, and existing United States oil and gas fields. It produces oil and natural gas from marginal stripper wells, whose production has slowed to 15 barrels of crude oil per day or less. The company was incorporated as Vita Health, Inc in December 1999 and later in the year changed its name to Vita Warehouse Company, Inc. It further changed its name to Texas Diversified Distributors, Inc. in 2001; to Black Dragon Resource, Inc. in February 2004; and to Black Dragon Resource Companies, Inc. in December 2004. Black Dragon Resource Companies is headquartered in Austin, Texas. Black Dragon Revisits 1st and 2nd Quarters From 2005-2007 Friday July 13, 8:00 am ET OIL CITY, LA--(MARKET WIRE)--Jul 13, 2007 -- Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News) management today released a comparison of unaudited figures. Mr. Lanza, President of Black Dragon, thought the shareholders would like the opportunity to review their company's growth over the last 3 years. Jan. 2005 Jan. 2006 Jan. 2007 $58,214.74 $198,895.66 $137,104.29 Feb. 2005 Feb. 2006 Feb. 2007 $55,862.61 $161,396.71 $267,880.00 Mar. 2005 Mar. 2006 Mar. 2007 $83,401.93 $196,204.93 $155,791.49 ----------- ------------ ----------- $197,479.28 $556,497.30 $560,775.78 As one can see, monthly production is up and down, but in every quarter, there has been an increase. April 2005 April 2006 April 2007 $78,910.52 $194,323.72 $259,010.06 May 2005 May 2006 May 2007 $78,946.00 $145,434.66 $306,675.00 June 2005 June 2006 June 2007 $67,590.60 $273,131.94 $310,000.00 ----------- ------------ ----------- $225,447.12 $612,890.32 $875,685.06 Now, here's a comparison of the 1st six months with each of the three years. 2005 2006 2007 $197,479.28 $556,497.30 $560,775.78 $225,447.12 $612,890.32 $875,685.06 ----------- ----------- ----------- $422,925.40 $1,169,387.62 $1,436,460.84 These are unaudited figures. June's figures have not been finalized and could be off $35,000.00 either way, but this represents a nearly 23% increase from between 1st half 2006 and 1st half 2007. It is management's intention to give the shareholders a clear picture of what Black Dragon is doing and has done. Management expects to kick off the 2nd half of 2007 in July with numbers based on over 9,000 barrels of gross production. | ||||||||||||||
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