OIL CITY, La., March 15, 2011 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc. (Pink Sheets:BDGR) announced today that February production was off due to bad weather, there being fewer days in the month, and being unable to pick up loads due to bad road conditions. The only bright light to February is that the gatherer only paid $85.651 a barrel. Hopefully in March we will receive a higher price on those loads that weren't picked up. Black Dragon shipped close to 1600 barrels gross, and had around 800 barrels not picked up. This should help boost March's production.
Company President, Mr. Thomas Neely, stated that Black Dragon's financials are under final review and should be out no later than next week.
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.
CONTACT: Black Dragon Resource Companies, Inc. Investor Relations 318-995-0404