Agreement with Brendan Daley

Dragon Shale is pleased to announce the execution of an agreement with BD Capital Limited for securing finance for our first Joint Venture project in Utah.  This project will produce approximately 7,500 bbl/day of high value products derived from a rich oil shale deposit in the Mahogany Zone of the Uintah basin. Brendan is an experienced independent professional in the energy industry with experience in public/private fund-raising, new business ventures, business combinations, asset acquisition and divestment, business structuring, transaction management, due diligence, executive management, management of joint ventures, public company listings and loan arrangement.  We are pleased to be working with someone of Brendan’s experience, knowledge and skills for realization of our first Joint Venture project.