Black Dragon Resource Companies, Inc. Announces New Technology to Increase Oil Production


OIL CITY, La., April 8, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO, Mr. Scott D. Smith, announced today that Dragon has designated a well to test a new experimental patented technology that allows for directional drilling in shallow depths, mainly focusing on the Annona Chalk Formation. Black Dragon Resource Companies, Inc. has an inventory of 600 wells of this type in its portfolio of assets. A traditional chalk well is perforated with a shot that is the diameter of a .22 caliber bullet, with penetration of only 6-8 inches into the formation itself, once it pierces the casing, cement, and finally reaching the formation. This patented technology allows for cost effective horizontal drilling at shallow depths maximizing exposure to the targeted formation. The tool is able to drill 31 feet out in any direction, at any angle, boring a 2-7/8ths inch hole. According to Mr. Smith, Chairman and CEO, "This technology has the potential to increase chalk oil production by 300% to 1000% thereby increasing revenues substantially."

Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.

Forward-Looking Statements - Safe Harbor:

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.



            

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