October 26, 2009 (FinancialWire) — Black Dragon Resource Companies, Inc. (OTC: BDGR) has contracted with Petrolind Drilling company to drill up to three wells on the company’s new 640 acre lease in the Caddo field.

Depending on the weather conditions, Petrolind Drilling Co. anticipates starting drilling during the last week of October; There are six shut in gas wells on this same lease which will be tested and if economically feasible will be turned back on. All of the required states permits have been obtained and Petrolind will be responsible for drilling and turning on all gas wells. As in all oil and gas exploration there are inherent significant risks as to the value of production achieved from any drilling program.

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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