Black Dragon has signed a contract that assures Black Dragon a 25% working interest in the Humble EOR Project. Additionally, another agreement is in place that would give Black Dragon an additional 3% royalty.
Black Dragon has commenced the EOR phase of the project and looks forward to substantially increasing oil flow figures to up to 500 barrels per day per well.
Black Dragon's increased working interest will lead to substantial additional revenues going to the company.
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