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BDGR - Featured Company Breaking News ALERT.

Publication: M2 Presswire
Publication Date: 31-JUL-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 July 2006-OTCReporter.com: BDGR - Featured Company Breaking News ALERT(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31072006

The OTCReporter.com's " Featured Company ", Black Dragon Resources(OTCPK:BDGR), has announced major news today that should grab the attention of investors. The following is an edited version of that news release.

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Black Dragon Resource Companies, Inc., (Pink Sheets:BDGR) announced today the acquisition of 51% of the working interest in a 3,000 acre oil and gas mineral lease with two existing 11,000 foot wells located on the Louisiana and Arkansas border, in the Arkana field of Bossier Parish, Louisiana. Black Dragon has 90 days to test the wells at its expense, and connect them to the Apache Corporation gas sales pipeline immediately adjacent to the lease and to tank batteries for oil production before paying 300,000 in cash and restricted shares for its interest.

The analysis of the logs and other data conducted for the Company indicates multiple pay zones in each of the wells. A recent test indicated initial potential on one of the wells...



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