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Drake Gold Resources Corp. (DKGR)

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Last Post: 7/24/2014 4:28:23 PM - Followers: 512 - Board type: Free - Posts Today: 0


Contact Info
12518 NE. Airport Way # 148-156
Portland, OR 97230
Phone: 775-410-4458
Email: IR@Drakegold.com


New Updates Released on Company Website Here


Current pictures of the equipment on the lease (including Gene Rineer, Parker Technologies Vice President) as well as the lease area of interest for Parker Technologies HOGE Project #1.



A Producing Oil Well, Venango County, PA

Another Producing Oil Well, Venango County, PA

Installed Tank Farm Attached To Producing Wells, Venanago County; PA

Acces Road With Producing Oil Well, Venango County, PA

Another Producing Oil Well, Venango County, PA

About Drake
Drake Gold Resources, Inc. (OTC Markets: DKGR) is a property development holding company focused on developing projects through acquisitions that focus on income producing oil & gas properties. The Company has completed the first acquisition of private, producing, oil & gas assets. 

Objective 1 - Corporate Organization
Launch of Corporate website & blog - COMPLETE
Start Company newsletter - COMPLETE
Settle share accruals and outstanding obligation to better prepare the company for acquisitions & developments - COMPLETE
Settle debts on balance sheet to better prepare the company for acquisitions & developments - COMPLETE
Official appointment of Management - COMPLETE
Release current financial statements and post to corporate website - COMPLETE
Release OTC Markets disclosure statement with financial statements to OTC Markets to obtain Current Information status - COMPLETE

Objective 2 - Business Development
Introduce Financing Partner - COMPLETE
Release first addition to corporate portfolio - COMPLETE
Release letters of intent on new acquisitions - PENDING
Release new acquisitions for corporate portfolio - PENDING

The above working outline does not represent a time line or order of completion and is subject to change. Updates will continue to be made as developments reach points of completion.


All news announcements / updates shall be made to the Company's website / newsletter first.
Filings / updates will be made to the Company's website / newsletter and through OTC Markets website as definitive agreements are materialized.
Letters of Intent shall only be posted to the Company's website / newsletter.


*This table is subject to updates as new information is obtained and new developments accomplished.

This targeted region has over 15,000 marginal or non-producing wells due to the following:

- Neglect;
- Small, independent owners lacking resources
- Financial inability of owners to invest in rehabilitation;
- Lack of access or knowledge of new technologies;
- Desire to exit given current market price of oil;
- Other reasons specific to each lease.

The company plans to development the wells on a number of properties it owns in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. Hence, our longer term strategy will be to reinvest the majority of cash flows that are generated.

Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels.

Drake's continuing operating strategy will be to seek out, evaluate and acquire interests in those oil and gas projects that in the opinion of management fit the following criteria:

- Proven producing oil and gas reserves with substantial development potential;
- Proven reserves that can be activated with appropriate financing;
- Low-risk drilling and development costs;
- Good access to infrastructure to bring to market;
- Ability to generate profits and cash flows in a short period of time;
- Potential as highly undervalued assets.

Purchase and Sale Agreement for the above mentioned leases: DKGR-PSA (pdf format) (Updated as of Sep 23, 2012)


State of Incorporation: Nevada 
Incorporation Date: 07-17-1981 
The company is traded under the symbol: DKGR 
The CUSIP number is: 26144G106

Share Structure (SS): 

As Of 10/23/12 (per website update)

Shares Outstanding: 1,228,437,271

Float: 1,174,412,438

Authorized: 1,950,000,000


As Of  9/30/12 (per quarterly report)

Shares outstanding; 1,118,437,271

Float: 1,064,412,438

approximately 110 million shares added to both O/S and float in 3 weeks, price unknown.


according to DKGR Website:

Total number of shareholders of record: 1,861 a/o Oct 23.2012

Transfer Agent (TA): 

Transfer Online, Inc. 
512 S.E. Salmon Street, 2nd Floor 
Portland, OR 97214 
Telephone: 1-503-227-2950 
Fax: 1-503-227-6874 
*The transfer agent is registered pursuant to Section 17A of the Securities Exchange Act of 1934, as amended (Commission File No. 084-01356) and is regulated by the Securities and Exchange Commission.

The company has not *technically* gagged the transfer agent. The transfer agent has a general policy that they will not release information to the public for liability reasons and will forward all questions to the company. The effect is the same as a gagged T/A and the company can allow the T/A to release SS information, but chooses not to. Reference Transfer Online Email 

SIC Codes

The issuer's primary SIC code is 1040 - Gold and Silver and its secondary SIC code is 1311 Crude Petroleum & Natural Gas and its third SIC code is 8742 Services - Management Consulting Services. 
Reference: http://www.sec.gov/info/edgar/siccodes.htm 

Check out the Facebook Page!! Sweet! 

311 Division Street, Carson City, NV 89703 · Get Directions 


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Current Price
Bid Ask Day's Range
#57221  Sticky Note DKGR Reinstated. Active Status on Neveda SOS. JUST WAITING 06/06/14 06:57:26 PM
#54501  Sticky Note DKGR will NOT receive any Royalties for Oil crowin 05/06/13 08:12:20 PM
#58430   Nobody ignorant enough to buy this DKGR garbage anymore. Vegas_trader 07/24/14 04:28:23 PM
#58429   Amazing...POS has no vol~ Le2dynasty 07/24/14 03:13:02 PM
#58428   GM DKGR! Le2dynasty 07/24/14 09:25:12 AM
#58427   DKGR - NO MO SUCKAS! Vegas_trader 07/23/14 07:41:40 PM
#58425   Should ask Le how he has fared overall Vegas_trader 07/23/14 07:32:43 PM
#58424   Doh'! No vol~ Le2dynasty 07/23/14 01:32:23 PM
#58423   MC, we know, thanks to your great DD, paid pumper 07/23/14 01:10:41 PM
#58422   Le2-I am jus waiting for my funds to paid pumper 07/23/14 01:00:00 PM
#58421   GM DKGR! Le2dynasty 07/23/14 09:34:58 AM
#58420   I guess it wasn't good enough news for ufc_champ 07/23/14 12:43:48 AM
#58419   I intend to buy nothing but DKGR t-shirts Vegas_trader 07/22/14 07:57:40 PM
#58418   Glad to see you are all over this Vegas_trader 07/22/14 07:50:46 PM
#58417   Buy clothes a Wal-Mart and support DKGR! paid pumper 07/22/14 06:39:32 PM
#58416   And this evening I am going to Wal-Mart paid pumper 07/22/14 06:33:08 PM
#58415   I intend to buy millions of shares at paid pumper 07/22/14 06:30:57 PM
#58414   Nobody wants to lose any more money in Vegas_trader 07/22/14 04:41:01 PM
#58413   You just may be on to something there UFC. Vegas_trader 07/22/14 04:31:32 PM
#58412   Zero vol~ Doh'! Le2dynasty 07/22/14 01:18:37 PM
#58411   Why do you think the people posting the ufc_champ 07/22/14 11:54:54 AM
#58410   dkgr Lurch16 07/22/14 11:53:49 AM
#58409   GM DKGR! Le2dynasty 07/22/14 10:08:12 AM
#58408   Just too bad not even DKGR can actually Vegas_trader 07/22/14 09:17:28 AM
#58407   Got to love those production numbers. ironyman 07/22/14 09:11:09 AM
#58406   You should take the time to read the Vegas_trader 07/22/14 09:04:27 AM
#58405   Universal Apparel Company, a Drake Gold (DKGR:OTC) subsidiary, brucebill 07/22/14 08:29:22 AM
#58404   Monday, 21 July 2014 brucebill 07/22/14 08:25:09 AM
#58403   Well...Maybe to kick start a new fairy tale ufc_champ 07/22/14 07:31:13 AM
#58402   if it is all BS why would the brucebill 07/22/14 07:25:27 AM
#58401   Thats what they want you to think. Nothing ufc_champ 07/22/14 06:48:40 AM
#58400   reread the PR ,it states that the factories brucebill 07/22/14 06:33:11 AM
#58399   This announcement takes the cake for the most ufc_champ 07/22/14 05:34:05 AM
#58398   Monday, 21 July 2014 brucebill 07/22/14 04:24:26 AM
#58397   Website: http://www.drakegold.com brucebill 07/22/14 04:22:44 AM
#58396   NEWS NEWS NEWS brucebill 07/22/14 04:21:26 AM
#58395   Petey Boy....why would you settle on Wal Mart Vegas_trader 07/21/14 11:29:47 PM
#58394   Impressive Group.......LOL Vegas_trader 07/21/14 11:23:42 PM
#58393   Would be awesome to have Wal Mart's lawyers Vegas_trader 07/21/14 11:21:48 PM
#58392   That would be the right thing to do. ufc_champ 07/21/14 10:11:18 PM
#58391   This is great. I sent to Walmart so goldbarren58 07/21/14 09:46:10 PM
#58390   NEWS NEWS NEWS//Monday, 21 July 2014 brucebill 07/21/14 08:57:10 PM
#58389   Did you forget you wanted to buy all Vegas_trader 07/21/14 04:29:21 PM
#58388   DKGR is looking great bro. Hope you had Vegas_trader 07/21/14 04:25:56 PM
#58387   Did you reread the fairytale and find something new? ufc_champ 07/21/14 01:52:45 PM
#58386   GM DKGR! Le2dynasty 07/21/14 09:18:33 AM
#58385   That ten thousand bucks ought to buy them CuriousGeorge 07/20/14 03:57:23 PM
#58384   Chart http://stockcharts.com/c-sc/sc?s=DKGR&p=D&yr=2&mn=0&dy=0&i=t468128 Le2dynasty 07/20/14 12:26:38 PM
#58383   DKGR has never ever collected a penny in revenue. paid pumper 07/20/14 12:15:22 PM
#58382   They are a public company what is another 10kpercentin1week 07/20/14 11:09:56 AM
#58381   Seems that poster follows pretty much the same Vegas_trader 07/20/14 10:51:36 AM
#58380   The last time you said that it was ufc_champ 07/20/14 07:56:47 AM