2010-01-07-2009-12-23-2009-12-23

Bought 6.25% WI in Humble Salt Dome EOR project in SE TX.

Black Dragon Resource Co. Inc., Oil City, La., (Pink Sheets: BDGR) has acquired a 6.25% working interest in the Humble Salt Dome enhanced oil recovery (EOR) project near Houston from an undisclosed seller for an undisclosed price. The project uses a patented EOR chemical-via-steam injection to bolster production after initial revenues begin to decrease. Surface operations have already begun and the initial well should be drilled in the very near future, according to Black Dragon.