Hiko Energy Corp. (fka HIKO)

[db7]

still active and in good standing:


https://secure.utah.gov/bes/details.html?entity=561322-0142

[eom7]

hum

[db7]

website still offline: http://www.hikobellstockholders.com/

[db7]

also Utah sos, "Last Renewed: 02/02/2015 "

[eom7]

Ill believe something when I see it...

[db7]

Bailey getting ready to do 'something'?? ->>

https://www.linkedin.com/profile/view?id=395876429&authType=name&authToken=0NOj&trk=prof-sb-browse_map-name

[eom7]

Hum.

[db7]

"561322-0142 05/01/2014 Annual Report - Change Request "

[db7]

https://secure.utah.gov/bes/action/details?entity=561322-0142

"

Active as of 4/8/2014

"

[db7]

looked again today and this is different than on 3/31

'maybe' something coming OR 'maybe' lights out OR 'maybe' really undergoing maint to the servers or something


time will tell


"



Site off-line

hikobellstockholders.com is currently under maintenance. We should be back shortly. Thank you for your patience. --------------------------------------------------- WE ARE NOT Hiko Energy LLC. We are Hiko Energy Corporation, formerly Hiko Bell Mining and Oil Company, incorporated and based in Utah. We are NOT Hiko Energy, LLC. Names may be similar, but COMPLETELY DIFFERENT business organizations. We are NOT in the retail electricity business. So, if you are trying to contact someone about your electricity bill, then you are unfortunately in the wrong place.


"




EDIT

cached version from google shows old site as of 4/3/2014->
http://webcache.googleusercontent.com/search?q=cache:8Cr9OPN0RZUJ:hikobellstockholders.com/+&cd=1&hl=en&ct=clnk&gl=us


"


We are NOT Hiko Energy LLC
Thu, 02/27/2014 - 12:35

We are Hiko Energy Corporation, formerly Hiko Bell Mining and Oil Company, incorporated and based in Utah. We are NOT Hiko Energy, LLC. Names may be similar, but COMPLETELY DIFFERENT business organizations. We are NOT in the retail electricity business. So, if you are trying to contact someone about your electricity bill, then you are in the WRONG place.



"

[db7]

http://www.hikoenergycorporation.com/ (?)

[db7]

https://secure.utah.gov/bes/action/details?entity=561322-0142

[db7]

just noticed a site update, not too relevant BUT at least something


"


We are NOT Hiko Energy LLC
Thu, 02/27/2014 - 12:35

We are Hiko Energy Corporation, formerly Hiko Bell Mining and Oil Company, incorporated and based in Utah. We are NOT Hiko Energy, LLC. Names may be similar, but COMPLETELY DIFFERENT business organizations. We are NOT in the retail electricity business. So, if you are trying to contact someone about your electricity bill, then you are in the WRONG place.


"

[eom7]

Not looking good here - no update since January!

[db7]

Hiko's registration revoked
Mon, 01/28/2013 - 12:57
Due to various barriers, which I’ll outline below, we were unable to obtain all the information required for reporting under Sarbanes Oxley. The SEC initialized the action to revoke Hiko’s registration for non-reporting. According to the SEC the last year in which Hiko was in compliance was 1993. We took over the company in 2010.

After discussions with legal counsel, the consensus was the action was a blessing in that it provides us a safe harbor for non-reporting while we continue working to clean up the company. It also provides a simpler series of steps to become a SEC Rule 15c2-11 company.

Numerous deficiencies were discovered over the last three years. In an audit of the shareholder records, we discovered two things.

1. Old management issued more shares than they were authorized to issue.
2. Cede & Co had a million more shares reported in their Securities Position Report than our records indicated.

Having exhausted the Utah legal system in trying to make old management give us the remaining stock ledgers, we entered into a lengthy dialog with DTCC, which ended with a discussion between our lawyers and theirs. We requested DTCC’s Hiko records for active certificate numbers, share amounts, and the certificate numbers that were cancelled to create those shares. This seemed like a reasonable request since in normal circumstances, Hiko should have these records. In the end, DTCC refused to give us the records. Not having these records made it impossible to comply with Sarbanes Oxley.

In light of the above, the cost of being a fully reporting company under Sarbanes Oxley is largely prohibitive for small companies. It was our intention from the beginning to re-register under SEC Rule 15c2-11 which was designed to allow non-reporting public company's securities to be quoted on The Financial Industry Regulatory Authority ("FINRA") Over-the-Counter Bulletin Board ("OTCBB") by filing some simple disclosures. We tried to do this in 2011, but unfortunately, the total number of Hiko shareholders exceeds the 500 shareholder limit, and the process also requires being current in all reporting.

Where do we go from here? Though we don’t have the convenience of share liquidity, Hiko’s corporate entity still exists and can still conduct business. We are also obtaining advice from our lawyer as to the steps required to become an SEC Rule 15c2-11 company. As soon as we have a plan we will publish on the web site and will then have it voted on at the next shareholders meeting.

It has been our attorney thoughts from the beginning that becoming a SEC Rule 15c2-11 company, would require vending an asset into the company. That was impossible while we were in the noncompliance status with the SEC. Additionally, the situation with the SEC prevented us from entering into any merger negotiations.

Current shareholders WILL NOT be extinguished.

One of our cleanup options, which we are discussing with our attorney, may be to send notice of a share conversion 1 to 1 shares (no dilution), which would be an indirect way to force DTCC (Cede & Co) to send their shares in (thus obtaining those records). We were looking at this option before our registration was revoked, but believe it is still applicable.

[db7]

we are not extinguished!! man i have a lot of respect for these guys.. they seem very honest... i was scared when i first saw revoked

i apologize for my earlier post.. please disregard it:
"
it makes no sense... they were trying to revive the company... i'm guessing this way they get to keep all the assets and leave the shareholders high and dry???
"

[db7]

UPDATE on the website! -> http://hikobellstockholders.com/

[Renee]

Plausible, db7. HIKO couldn't or wouldn't file all their delinquent Financials so they made the SEC's job easier by offering to let the SEC revoke their registration.

For sure, HIKO Energy is now a private company.

[db7]

it makes no sense... they were trying to revive the company... i'm guessing this way they get to keep all the assets and leave the shareholders high and dry???



http://hikobellstockholders.com/

[Renee]

HIKO extended the offer to the SEC to revoke their registration.
The SEC accepted their offer so the SEC Admin Law Judge revoked HIKO's registration.

[db7]

Noooooooooooooooooooooo!!!

[Renee]

HIKO revoked:

http://www.sec.gov/litigation/admin/2013/34-68739.pdf

[eom7]

UTAH: Uintah Basin: Registrant owns producing royalties under wells operated by El Paso Natural Gas and by Devon energy. These wells are located in the Bluebell-Altamont oilfield. New drilling and exploration development wells on lands under registrant’s royalties will add new reserves of gas and oil to Hiko Bell’s inventory in the future.


http://www.epenergy.com/assets/altamont.html


ALTAMONT
Altamont is an asset that offers significant future oil production growth potential with a significant number of future drilling opportunities. Applying lessons learned from our other programs, we reengineered this mature oil asset in the Altamont Field in Utah. Initially developed in the 1970s, we were able to revitalize this tight sand field by applying modern drilling and stimulation technology. We also enhanced the value of this field through infill drilling. We paced our development, allowing the team to optimize growth and technical understanding and made the development of this prolific oil area a milestone accomplishment for EP Energy.

[eom7]

HIKO .0265 - more assets found:

Hiko Energy Management has tracked down another asset. Management has been in contact with EP Energy E&P Company, L.P. out of Houston concerning an interest operated by EP. From earlier filings it would appear to be a Over Riding Royalty Interest in a well in the Bluebell Altamont Field Utah.

Management is continuing to pursue answers to its questions concerning certain certificates held by the Depoistory Trust Company that do not appear on the company's books and are hopeful they will receive the information without filing suit.

[eom7]

HIKO Update - SEC reports and accounting.

Management forwarded 10K's for years 2007, 2008, 2009 to attorney for review. Years 2010 and 2011 and first quarter of 2012 will follow this week. Based on the last filing of former management in September of 2007 and write downs of non identifiable assets on the books, Hiko shows to have a tax loss carry forward in excess of $3 million. Management is waiting on further information from DTC to conclude its share tally.

South Texas well set to be drilled by Lincoln Energy Operating should commence operations within 5 weeks according to Martin Daube and Lincoln Energy Operating. The well was to be drilled in May but rig scheduling has postponed commencement until end of June. Hiko Energy has a carried interest in the project.

Search for hidden assets. Management is continuing to research old mining claims in Nevada and Montana previously held by Hiko as recorded in historic SEC filings. Additionally, management is researching overriding royalty in the Bluebell Altamont Field in Utah, mineral interest in Asphalt Ridge Utah and royalty interest in the Greater Monument Butte Field in Uintah and Duchesne Counties Utah operated by NewField. Management recently discovered a 6% Overriding royalty interest in the Bonanza Field operated by Thurston Energy

A date for the annual shareholders meeting will be set once all filings have been sent to the SEC and is expected to take place in July in Corpus Christi, TX.

[eom7]

ITEM 7: MANAGEMENT’S DISCUSSION AND ANALYSIS OF STATEMENT OF OPERATIONS

In 2003, Hiko Bell’s Board of Directors was actively involved in a search for the funding it needed to rework the 22-27 well, a program estimated at $200,000. In the third quarter of 2003, an agreement was reached with Curton Capital Corp. of Dallas, Texas, whereby they would be assigned a 50% interest in the well, the 400 acre lease and the inventory. The funds were used for the reworking of the well.

Registrants filed a new offset location staked on the same drill pad and filed a Notice of Location and had it approved by the Bureau of Land Management. Curton Capital Corp. was sent an Authority for Expenditures (AFE) for the estimated cost of the drilling and completion of the new Dirty Devil 22-27X. Under the terms and agreement of the Operating Agreement and COPUS Accounting schedule, Curton Capital Corp. was obligated to advance its 50% of these costs, in advance within 15 days of receipt of the AFE, but no executed copies of the AFE and no cash advances for Curton Capital’s share of the cost of the program were received by the registrant. Because the primary terms of SL-071725-C, the lease had passed, the lease wis in the HBP STATUS (Hold by Production). The well had been shut-in since 1988, the Bureau of Land Management was informing the registrant to get the well back into production or under the law they would cancel the lease. Technically after a well has been plugged a new well has to be drilled and completed that is capable of gas or oil production within 90 days after the plugging of the HBP well.

Therefore, registrant and Curton Capital were in danger of having the lease cancelled. Curton Capital was informed of the problem. In the Second Quarter of 2004, Curton Capital assigned all of its interest in the lease to Thurston Energy, LLC, a Glenview, Illinois LLC Company.

In the Fourth Quarter of 2005 Thurston Energy made an offer to acquire Registrant’s interest in SL-071725-C well. The Board of Directors accepted the offer in December 2005.

Thurston Energy Settlement:

Note: As a part of the closing agreement with Thurston Energy, the $55,000 advanced to Ralph Curton, d.b.a. Curton Capital, was forgiven and the Hiko Bell accounts receivable of $114,475 was also written off.


http://www.thurstonenergy.com/

[eom7]

I wish they would file already but I guess there a couple more house-keeping issues first!

[db7]

nice update.. you have to love how 'legit' and serious mgmt seem... will be interesting to see everything that they uncover and watch this all unfold


g/l!

[eom7]

Hiko .0265 - Update

Wed, 05/09/2012 - 14:43
We have located a 6% ORRI (overriding royalty interest), transfered to Hiko from William Powell in 2005, under a lease purchased by Thurston Energy in the same year, and which appears to be still in effect.

We are in the process of obtaining a stock position report from The Depository Trust & Clearing Corporation. This should enable us to complete the internal audit of our shareholder books, which will be included in our SEC filings.

[eom7]

was that 100k at .03 you?

[db7]

nice i was bidding this morning but noone hit me

[eom7]

HIKO .04 added!

[eom7]

Update: Sun, 04/15/2012 - 09:09
Hiko's current management has identified and paid off back taxes on 2 of six patented mining claims which had been listed as assets in prior Hiko Mining and Oil Company (Trade Mark) SEC Reports. The Patented Claims that have been brought up to date are as follows:

80 Acres of Land in Box Elder County Utah being the being the S/2 of the SW/4 of Sec. 2 Twp 9N, R 17 W SLM
10 Acres minerals only, Gunnison Colorado being the Lucky Mine No. 5342 in the Ruby Mining District B529 P117

Additional Patented Claims being researched include 26 acres in DeerLodge Montana and 5 Acres in Pershing County Nevada.

Notably in the 3rd quarter filing Sepember 2007, old management mentioned a proposed sale of mining claims along the Green River. Former management reported no income from the sale of the claims. Current management is investigating the status of those mining claims to see if consideration was paid. They are no longer held by Hiko.

[eom7]

Just found this:

Lincoln Energy Operating LLC is involved in the exploration of the O.S. Wyatt Jr., ranch in Duval Co. TX. The ranch, 1300 acres of which is leased, comprises mineral interest in more than 14,000 acres in the fairway of the Jackson Yegua trend, running from the Texas Mexican border to Central South Texas, Live Oak County. The trend has been a good producer of shallow oil with 17 fields producing close to 500 million bbls of oil from depths up to 3900 feet. The latest drilling effort on the Wyatt Ranch by Texas Sabal Inc., has produced a log, which indicates oil in four well-known zones, some of the most prolific in play. Testing and additional wells will determine the significance of the preliminary indicators. Additional information is available through the Bureau of Economic Geology UT publication Atlas of Major Oil Reserves 1983.


http://www.lincolnpowergroup.com/2011/our_business/oil_gas.html

Roger Landress
Head of Operations
Roger Landress has 30 years experience in the petroleum industry, currently serving as a Director and Vice President of Exploration for Texas Sabal Inc., a family owned business. He began his career as a lease broker for Texas Oil and Gas Co., and has worked for numerous large independent energy companies both in and outside of the United States. From 1981 to the present Mr. Landress has managed LOMC, a family owned oil production-company with operations in three states. He is a past president of Cooper Manufacturing Corporation, the oldest service rig builder in the United States with equipment running in every oil producing country in the world. Mr. Landress received undergraduate degrees from the University of North Texas and a geology degree from Texas A&M CC. He has served on the National Advisory Board of the Asher Student Foundation, a 60 year old non-profit organization that provides specialized student housing at major college campuses in 12 states.

http://www.lincolnpowergroup.com/2011/team/oil_gas.html

[eom7]

No worries. I hope he sticks to it - if so could be a nice summer here!

[db7]

eom, thanks for the effort and update

[eom7]

HIKO .028 - just emailed CEO. He said updates and filings soon.

[eom7]

Go time?

[db7]

nice 75k bid @ .07

[eom7]

Things should start rolling from here!

[Dream]

Now we should see some filing flow through. Holding and waiting.

[eom7]

Only 17 Followers still...

[Phull1]

Good find eom7, sounds promising

[eom7]

Stickied!

[db7]

Update
Thu, 03/15/2012 - 12:49
Mining:
Currently management is researching 6 patented mining claims in Utah and Nevada to determine their status. They were reported in old SEC flings which dated back to the 70's Management has seen no records indicate they were sold.

Oil and Gas:
Hiko Energy has selected an operator for the drilling of the No. 1 Michael Meaney. Lincoln Energy Management has committed to participation in the well based on their assumption of operations. The wildcat well is located Duval Co. in the Jackson Yegua Trend. The well is expected to be drilled in May of this year it is being permitted under the name Lincoln Energy Management. Hiko shall have a carried interest.
Hiko also has taken a position in a field development well in Otter Lake Field in Michigan. This well location is classified as a proved undeveloped location with three know targeted producing zones to test. The field originall was drilled to test deeper zones which were plugged without testing the upper zones.

Financing:
Hiko is in discussions on bridge financing to finalize audits for financials in its SEC filings, for the acquisition of various oil and gas leases and production and the acquisition or reacquisition of certain mining claims.

[db7]

nice! i didn't catch the update in time but saw her starting to get a little action... explains it now ;)

thanks for posting!

[eom7]

Drilling a well in May:

The well is expected to be drilled in May of this year it is being permitted under the name Lincoln Energy Management. Hiko shall have a carried interest.

[eom7]

HIKO .065 Wow... nice update:

http://www.hikobellstockholders.com/node/61

[eom7]

Should be next week... FWIW I picked up more at .071 and .065 and I am high bid right now.

[eom7]

Yep... not a bad thing IMO. Get those shares in non-flipper hands.