Recently Black Dragon announced their interest in the Humble Salt Dome Project, and they proceed to inform consumers that they are also working to achieve a deal with its primary operator, Four Star Oil Company, so that Dragon can receive a larger percentage of its revenues that have been previously pledged for debt.
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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.
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