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Last Post: 12/2/2016 11:39:02 AM - Followers: 21 - Board type: Free - Posts Today: 1

http://print4helena.com/images/bri.png

Bakken Resources, Inc.
1425 Birch Ave.
Suite A
Helena, Mt. 59601
Phone: (406) 442-9444
Website: http://www.bakkenresourcesinc.com/
email: info@bakkenresourcesinc.com

Val M. Holms CEO, President
Dan Anderson Interim CFO
Karen S. Midtlyng Secretary, Treasurer

Shareholder Liaison:
James Kyle
727-265-7007
jimkyle22@gmail.com

ISG Investor Relations:
Information Solutions Group LLC
www.informationsolutionsgroupllc.com
info@informationsolutionsgroupllc.com
BKKN investor contact number:
585 347 4305 ext 109, 113

 

http://print4helena.com/images/bri.png
Share Structure
Market Value1 $9,645,010 a/o Aug 06, 2013
Shares Outstanding 56,735,350 a/o May 14, 2013
Float Not Available
Authorized Shares 100,000,000 a/o Mar 31, 2009
Par Value 0.001

Latest Report Sept 30, 2014 10-Q
CIK 0001450390
Fiscal Year End 12/31
Incorporated In: NV, USA
Nevada Agency and Transfer Company
 

Bakken Resources, Inc.

(BRI) is a non-operating participant in the Bakken and play in western North Dakota. The Company plans to focus on evolving into a growth-orientated independent energy company engaged in the acquisition, exploration, exploitation, and development of oil and natural gas properties. Our activities are focused mainly in the Williston Basin, a large sedimentary basin in eastern Montana, Western North and South Dakota, and Southern Saskatchewan known for its rich deposits of petroleum and potash.

BRI has pursued relationships to gather information on future potential oil and gas drilling projects and explored and contemplated possible joint partnerships in other drilling programs. We have acquired mineral acreage in the Duck Lake region of Western Montana, in a potential oil play commonly referred to as the Alberta Bakken, as well acquiring a 17% working interest in an operating well located in Archer County, Texas.

 
As of March 31, 2013 BRI owns mineral rights for 7,200 (net 2,400) acres in the Bakken/Three Forks in North Dakota and approximately 2,200 acres in the Duck Lake area of Montana. We also own a 50% net mineral interest in the Duck Lake acreage minerals. The Duck Lake acreage is not being developed as of March 31, 2013
.
The mineral rights in North Dakota are leased to three well operators, Oasis Petroleum (NYSE:   OAS $42.50), Continental Resources (NYSE: CLR $96.55) and Statoil ASA (NYSE: STO $21.28).The royalty income is calculated monthly and the Company recognizes royalty income upon production reported on the North Dakota Industrial Commission website. At March 31, 2013 the Company has received division orders for twenty-two Bakken formation wellsand three Madison formation wells.
 
http://www.bakkendispatch.com/wp-content/uploads/2012/04/87448-oas_oasis_petroleum_inc-300x131.jpg
http://www.oasispetroleum.com/
http://cdn2.insidermonkey.com/blog/wp-content/uploads/2012/11/Continental-Resources-Inc-CLR-300x152.jpg
http://www.contres.com/
https://si0.twimg.com/profile_images/523075998/statoil_twitter.jpg
http://www.statoil.com/
 
 

Mission

We plan to focus on evolving into a growth-orientated independent energy company engaged in the acquisition, exploration, exploitation, and development of oil and natural gas properties while trying to conserve resources. We plan to explore developing our assets using more modern and economical techniques than those that are currently used by some operators in the basin. We will initially focus our activities mainly in the Williston Basin, a large sedimentary basin in eastern Montana, Western North and South Dakota, and Southern Saskatchewan known for its rich deposits of petroleum and natural gas.

Per our business plan and strategy, we have pursued relationships to gather information on future potential oil and gas drilling projects and explored and contemplated possible joint partnerships in other drilling programs. The Company remains in discussion with various groups for strategic partnerships.


 

Mineral rights locations designated in yellow above.

(Note: blue dot in the middle of the map represents a commercial horizontal Bakken well drilled in May of 2010 by Oasis Energy, Inc.).
 

Bakken Resources, Inc. Announces Sale of Mineral Interests

 

Feb. 6, 2014 /PRNewswire/ -- Bakken Resources, Inc. (OTCQX: BKKN) ("BKKN"), announces the sale of 767 +/- net mineral acres in McKenzie County, North Dakota, to an undisclosed buyer.  The property sold for $10,250 per net mineral acre for a total of $7,871,248.  BKKN retains a two percent (2%) royalty on the sold assets.  The sold assets were purchased by BKKN in November 2010 for an aggregate amount of $1,535,000. 

A portion of the sale proceeds will be escrowed pending title review.

"We are very pleased about this win-win transaction," notes Val Holms, CEO.  "Proceeds from this transaction will allow us to seriously explore several other opportunities we are currently evaluating.  We continue to hold a 2% royalty interest in the assets we sold and also receive royalties on our remaining 1,600 +/- net mineral acres located in Bakken region."

 

April 15, 2014

http://www.bakkenresourcesinc.com/letters/Shareholder%20letter%20April%2015%202014.pdf

On behalf of the Board of Directors and management of Bakken Resources, Inc. we would like to take this opportunity to thank the shareholders for their support this past year.

We are happy to report significant developments on several fronts over the past year.

•Increase in well activity.
Over the past year, we had a total of 14 wells come into production on our acreage. Currently, we have based on the available information, 47 producing wells in the Williston Basin of North Dakota, and 15 additional wells which are either being permitted, are drilling, or are on confidential status. Please visit our website at www.bakkenresourcesinc.com and click on the “Well Activity” tab for a full listing of our wells. This listing also contains the NDIC number for each well, allowing the user to obtain additional well information from the NDIC site (www.dmr.nd.gov/oilgas–note that some information requires a paid subscription).

•Increase in gross revenues.
Gross revenues for the fiscal year ending December 31, 2013 were approximately $3.9 million, representin a 130% increase in gross revenues for the year ending December 31, 2012 (approximately $1.7 million).

•The Company is debt-free.
In August 2013, we prepaid the entire balance of our primary debt obligation. The prepayment occurred 5-1/2 years prior to the stated maturity date of the debt.

•Sale of mineral assets.
In February 2014, we announced the sale of 767 +/-net mineral acres in McKenzie County, North Dakota. The property sold for $10,250 per net mineral acre for a total of $7,871,248. BRI retains a two percent (2%) royalty on the sold assets. The sold assets were purchased by BRI in November 2010 for an aggregate amount of $1,535,000. Without factoring in the royalties we expect to continue to receive as a result of the retained 2% royalties, the sale represents an over 500% cash return on sale based on our initial investment.

Some other items of note for this past year were:

•Our receipt of DTC approval for the electronic trading of BRI's common stock.

•Completion of a full mineral title review and report of our mineral acreage.

•Completion of initial well analysis of our working interest in Archer County, Texas. The well in Archer County that we have a 17% working interest has suspended production pending further geologic analysis on potential further downhole drilling opportunities.

•Completion of lease review and coordination and negotiation of various lease addendums and/or extensions.

•Launched a new website that we believe provides accurate, streamlined and pertinent information in an understandable fashion to our shareholders and the investing public.

•Initial development of enhanced oil-recovery technology programs, including a collaboration with Applied Geotech, Inc.

•Successful release of prior suspended royalty payments (totaling approximately $1.2 million). With respect to our current 1,100 net mineral acre holdings in the Duck Lake region of Montana, our acreage went off lease in September 2013,and we are currently looking at potential opportunities to commercially exploit this asset.

In December 2013, following trial in held in Superior Court located in Spokane, Washington, the Washington Court issued findings of fact and conclusions of law stating that the plaintiffs in this the Washington case (i.e. Allan Holms and Roil Energy, LLC) did not have an interest in our mineral assets. Final judgment in the Washington case is currently pending the completion of various post-trial briefs and hearings, but final judgment is expected to be issued in late April or early May 2014. We are pleased with the Washington Court’s findings of fact and conclusions of law as they pertain to the Company.

Some of you may have also received a notice from plaintiffs representing a minority class of investors that have filed suit against the Company alleging the Company’s breach of certain provision relating to registration rights agreement(s) (Case No. A-13-675280-B, filed in the District Court of the State of Nevada for Clark County). We dispute the allegations of the plaintiffs in this case and intend to vigorously defend this lawsuit.

We encourage all of you to read our Annual Report and our other public filings carefully for detailed information about our company. The Board and management are committed to engaging in activities that will enhance shareholder value, and we expect that to be a focus in the coming months. The Company continues to evaluate additional potential mineral or lease acquisitions to increase its assets and potential oil and gas reserves. As always, we welcome constructive input from our valued shareholders. All of us at Bakken Resources, Inc. appreciate your continued support and look forward to continued success in 2014.

Sincerely,

Val M. Holms
CEO  Bakken Resource




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BKKN News: Current Report Filing (8-k) 10/28/2016 04:39:00 PM
BKKN News: Revised Proxy Soliciting Materials (definitive) (defr14a) 10/05/2016 01:28:22 PM
BKKN News: Proxy Statement (definitive) (def 14a) 10/04/2016 05:31:22 PM
BKKN News: Annual Report (10-k) 10/03/2016 04:33:56 PM
BKKN News: Amended Annual Report (10-k/a) 09/02/2016 05:18:36 PM
PostSubject
#805   ASK slaps last couple of days, not much roger wilco 12/02/16 11:39:02 AM
#804   Annual meeting delayed LouisDesyjr 11/16/16 11:32:41 AM
#803   Has the time finally come to dump this KUP 11/15/16 10:53:45 AM
#802   Schedule 14a filing out roger wilco 10/06/16 11:43:31 AM
#801   It's good to see BKKN back on the horse... roger wilco 10/06/16 11:06:08 AM
#800   Yes , Its time to start moving the KUP 10/06/16 10:11:49 AM
#799   10k filing out for 2015, there finally getting roger wilco 10/03/16 09:38:20 PM
#798   I've done all my research and have won KUP 09/02/16 10:53:29 AM
#797   It looks like there is something wrong LouisDesyjr 09/02/16 10:43:33 AM
#796   BKKN filing Annual reports. It looks like this roger wilco 09/01/16 08:19:21 AM
#795   Looks like big swing UP is about to KUP 08/31/16 08:36:06 AM
#794   Real nice size bid on BKKN. roger wilco 08/08/16 01:29:04 PM
#793   The pipeline is not being built by Bakken roger wilco 08/06/16 10:18:20 PM
#792   Cost to move oil LouisDesyjr 08/05/16 07:04:34 PM
#791   The reason for the high cost per barrel roger wilco 08/04/16 09:42:30 PM
#790   Pipeline project LouisDesyjr 08/04/16 09:37:16 PM
#789   All about the pipeline!!! KUP 08/04/16 03:38:21 PM
#788   This is worse than I thought LouisDesyjr 08/03/16 10:12:48 AM
#787   Dakota Access interstate crude oil pipeline. KUP 08/03/16 10:09:34 AM
#786   According the the 8-K filed on July 26, The Scavenger 08/02/16 05:15:56 PM
#785   I'm really at a crossroads but for some KUP 08/02/16 03:55:05 PM
#784   Preferred shares issued LouisDesyjr 08/02/16 02:12:41 PM
#783   The Army Corps of Engineers has signed off P3P 07/26/16 09:23:48 PM
#782   Amended Current Report Filing (8-k/a) roger wilco 07/25/16 05:23:53 PM
#781   Shareholder derivative action LouisDesyjr 07/22/16 11:57:03 AM
#780   BKKN 8K Current Report Filing roger wilco 07/21/16 07:12:16 PM
#779   Every trading platform has a sell button. Perhaps roger wilco 07/21/16 03:08:27 PM
#778   Chart says no P3P 07/21/16 02:58:28 PM
#777   Dilution look like is about to happen LouisDesyjr 07/21/16 11:58:03 AM
#776   Hopefully no dilution, the company has never diluted roger wilco 07/21/16 11:52:34 AM
#775   Did you call them??? roger wilco 07/21/16 11:50:28 AM
#774   Start of dilution? Where are the 10Q/K reports? LouisDesyjr 07/21/16 11:14:49 AM
#773   Nice seeing this upticks! Might see some investors fab111 05/27/16 05:07:24 PM
#772   All but 100 shares are buys today.... Something roger wilco 05/26/16 04:13:19 PM
#771   DON'T JINX IT !!! NEVER TOUGH THE MONEY !!! KUP 05/18/16 03:10:17 PM
#770   Something good must be happening roger wilco 05/18/16 11:31:53 AM
#769   BKKN somebody is loading this big time roger wilco 05/16/16 05:00:45 PM
#768   Something big is going to happen here! P3P 05/16/16 04:07:17 PM
#767   I am not hating myself for loading shares roger wilco 05/13/16 04:15:47 PM
#766   That was early LouisDesyjr 05/13/16 04:06:08 PM
#765   Well Val is now gone and investors appear roger wilco 05/13/16 03:58:12 PM
#764   There was something wrong LouisDesyjr 05/13/16 03:39:24 PM
#763   8k filing out roger wilco 05/13/16 02:59:59 PM
#762   I have not had time to read the The Scavenger 05/11/16 01:42:21 PM
#761   Super Preferred A created LouisDesyjr 05/11/16 01:00:10 PM
#760   Bakken Resources, Inc. Announces Entry into Term roger wilco 05/10/16 09:19:25 AM
#759   Current Report Filing (8-k) New Auditor roger wilco 04/22/16 08:20:12 PM
#758   Hopefully this will turn around in the late spring/summer roger wilco 03/24/16 09:34:43 AM
#757   $BKKN recent news/filings stocktrademan 03/23/16 12:42:33 PM
#756   Another huge 8k filed...BKKN looks likes she's waking up. roger wilco 02/17/16 10:35:51 AM
PostSubject