Appears to have been successful in the drilling the land Co #14 well.
OIL CITY, LA, July 29, 2011—Black dragon Resources companies, INC (Pink Sheets: BDGR) and Dragon Exploration Res (Frankfurt Exchange: 8BD), along with two other oil and gas companies, are excited to announce that the Land Co well#14 was flowing oil into the pit after drilling through the paulxy zone. The zone will be shot from 2254-2259 feet. There are also four other wells on the Land Co lease, that have been drilled through the paulxy that showed the same zone, but have not been shot
Management hope to complete well#14 the early part of August. They will monitor the production level for two weeks before they decide to shoot well #9, 10, 11 and 12. Management will announce the result of #14 well by the middle of August.
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: Black Dragon Resources companies, INC
Investors Relations
(323) 387-1203