Black Dragon Resource Cos Inc. will drill its first joint venture well with Black Dragon Resource Ltd. and an additional party. Black Dragon Resource Companies Inc. will have a 35% working interest in the well. To date the well has the surface casing drilled and cemented. The well is located in Desoto Parish, LA.
According to Tom Neely, President, "This field is known to be very prolific for the recovery of oil and gas. We plan on beginning to drill immediately. We expect this to be the first of many strategic partnerships between Black Dragon Resource Companies Inc. and Black Dragon Resource Ltd."
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