Black Dragon has announced that they have retained Mire & Associates in order to update the company's PV-10 reserve study. Dragon will now have the ability to have audited financials put out in the near future, as well as the possibility to move to the bulletin board exchange. This will also give BDGR a hard asset value to the leases making them bankable to fund other viable projects for Dragon if and when they present themselves.
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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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