Black Dragon Resource Companies Announces Appointment of Director of Engineering; Looking at New Acquisition.AUSTIN, Texas -- Black Dragon Resource Companies, Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BDGR) announced today that Mr. Walter E. Watts, a petroleum engineer has been appointed Director of Engineering. Mr. Rick Michael, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Black Dragon Resource Companies stated, "Mr. Watts is a highly credited engineer who brings a wealth of knowledge and experience to Black Dragon. With his extensive background with the Caddo Pine Island Pine Island is the name of several places in the North America: Islands
Mr. Watts served as Vice President of Engineering and Division Manager for an independent oil company. In addition, he is a Certified Expert Witness before Texas Railroad Commission, Oklahoma Corporation Commission The Oklahoma Corporation Commission is a state agency, run by three commissioners, with 600 employees. It regulates oil and gas drilling, utilities and telephone companies. The current Commissioners are Bob Anthony, Jeff Cloud, and Jim Roth. and Louisiana Conservation Commission. Mr. Watts obtained a Master Degree in Petroleum Engineering from the University of Tulsa and attended Columbus University
continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). Reservoir Management. Black Dragon Resource Companies also announced that they are reviewing an acquisition of 350 wells that have the potential to triple the Company's revenue and increase their portfolio to an excess of 765 wells. About Black Dragon Resource Companies Black Dragon Resource Companies is a growing energy company based in Austin, Texas. Black Dragon Resource Companies is engaged in oil and natural gas acquisition, exploration and production activities in the Texas and Louisiana regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Forward-Looking Statements Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Black Dragon Resource Companies has included in this press release certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Black Dragon Resource Companies business, operations and financial condition. The words or phrases "can be," "expects," "may affect," "anticipates," "may depend," "believes," "estimates," "plans," "projects" and similar words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. are intended to identify such forward-looking statements. These forward-looking statements are subject to various known and unknown risks and uncertainties and Black Dragon Resource Companies cautions you that any forward-looking information provided by or on behalf of Black Dragon Resource Companies are not a guarantee of future results, performance or achievements. Actual results could differ materially from those anticipated in these forward-looking statements due to a number of factors, some of which are beyond Black Dragon Resource Companies control. In addition to those risks discussed in Black Dragon Resource Companies other press releases, public filings and statements by Black Dragon Resource Companies management, factors that may cause Black Dragon Resource Companies actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied in such forward looking statements include: the volatile and competitive nature of the oil and gas industry, changes in domestic and foreign economic, political and market conditions, the effect of federal, state and foreign regulation on Black Dragon Resource Companies business, the impact of recent and future acquisitions and joint ventures on business and financial condition, and results of operations and financial condition. All such forward-looking statements are current only as of the date on which such statements were made. Black Dragon Resource Companies does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion