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Drake Gold Resources Corp. (DKGR)

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Last Post: 9/2/2014 2:16:21 PM - Followers: 566 - Board type: Free - Posts Today: 6




DKGR


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
 
http://www.drakegold.com/home
 

TEXAS PHOTOS

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.


       


PENNSYLVANIA PHOTOS

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. 

CORPORATE OBJECTIVE
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.

CORPORATE PROTOCOL

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.

PORTFOLIO:


*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)

AT THIS POINT THE COMPANY HAS DISCONTINUED THE ASPECTS OF THE BUSINESS PLAN RELATED TO REAL ESTATE OR GOLD EXPLORATION AND PRODUCTION TO FOCUS ON THE DEVELOPMENT OF THE PRODUCING PENNSYLVANIA OIL WELLS AND ADDITIONAL ACQUISTIONS THAT ARE CURRENTLY PENDING.


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! 
https://www.facebook.com/pages/Drake-Gold-Resources-Inc/125427554148783?sk=wall 

Address
311 Division Street, Carson City, NV 89703 · Get Directions 
Phone
1-530-402-7559 
Website
http://www.DrakeGold.com 
http://www.twitter.com/DKGRStock 
http://drakegold.com/risk_factors
 











 

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DKGR
Current Price
Volume:
Bid Ask Day's Range
Wiki
PostSubject
#59700  Sticky Note DKGR has.never.been.anything.more.than.a.personal.ATM.for.the Matousek.and.Sm crowin 08/21/14 03:48:27 PM
#58813  Sticky Note Tuesday, 19 August 2014 jamesthaman 08/19/14 12:59:26 PM
#60162   Your float is probably bought up. fink 09/02/14 02:16:21 PM
#60161   It sure would be nice to see some DJPB1984 09/02/14 01:05:29 PM
#60160   Sure they will..... Vegas_trader 09/02/14 11:37:24 AM
#60159   Don't sweat it, just waiting for news. Company JisBack 09/02/14 11:33:43 AM
#60158   How many left at .0002?? Whats Mike203 09/02/14 11:16:38 AM
#60157   Buy, buy, buy! :-) diehard2 09/02/14 10:14:27 AM
#60156   I miss Clayton goldbarren58 09/01/14 05:54:24 PM
#60155   Hearing rumors Timothy Smith (formerly Clayton Smith, CEO Vegas_trader 09/01/14 04:37:22 PM
#60154   Big boys still trying to find a way Vegas_trader 09/01/14 04:33:47 PM
#60153   Every week is sweet with DKGR. Petey Boy Vegas_trader 09/01/14 04:27:20 PM
#60152   Lol greaseball 08/31/14 11:04:38 AM
#60151   DKGR...Nice hits on the 2's today. coffeedrinker777 08/29/14 11:49:33 PM
#60150   DKGR - first the Base, then the Chase ! trader53 08/29/14 08:52:05 PM
#60149   Actually it's not 0001, it's 0002 and over Mastercraft7 08/29/14 08:14:26 PM
#60148   JusBank, I agree with you to a point, Mastercraft7 08/29/14 08:09:07 PM
#60147   it is our pleasure goldbarren58 08/29/14 07:39:27 PM
#60146   Yeah, checking in here after work, saw the totffe 08/29/14 06:30:06 PM
#60145   Some people have nothing better to do on BullzDeep 08/29/14 05:33:36 PM
#60144   Great close before the long weekend! diehard2 08/29/14 04:17:19 PM
#60143   Why you hating? Who knows who you're working JisBack 08/29/14 04:02:20 PM
#60142   Hopefully the Magic Jack is working properly. Pete Vegas_trader 08/29/14 03:59:04 PM
#60141   yep, merger news next week goose44 08/29/14 03:55:56 PM
#60140   Getting tougher and tougher to buy .0002s here. Vegas_trader 08/29/14 03:53:41 PM
#60139   LOL...you have a position in DKGR management just Vegas_trader 08/29/14 03:51:02 PM
#60138   there is no link LEAM 08/29/14 03:15:38 PM
#60137   go to pinksheets.com and you will see the link! goose44 08/29/14 03:08:38 PM
#60136   Link? lc68 08/29/14 03:05:27 PM
#60135   board marks up, DKGR to merge with Ambercrombie goose44 08/29/14 02:52:22 PM
#60134   dkgr to infinity and beyond! Patriot1776 08/29/14 01:40:36 PM
#60133   have you filed your statement of beneficial ownership Patriot1776 08/29/14 01:38:30 PM
#60132   DKGR to repeat last years Aug/Sept Run trader53 08/29/14 12:58:21 PM
#60131   DKGR - classic "Pop, drop and Run" trader53 08/29/14 12:25:33 PM
#60130   Goose, You're only being baited into Mastercraft7 08/29/14 12:08:12 PM
#60129   Who are they going to Merge with? Mastercraft7 08/29/14 12:04:44 PM
#60128   your fathers oldsmobile? what the hell does goose44 08/29/14 11:45:38 AM
#60127   Another apparel company? Or could it be oil, Vegas_trader 08/29/14 11:44:01 AM
#60126   dkgr merger on the way goose44 08/29/14 11:41:00 AM
#60125   DKGR share-peddling scam keeps on cranking out the Vegas_trader 08/29/14 11:33:47 AM
#60124   I haven't seen it otherwise with most penny diehard2 08/29/14 11:25:12 AM
#60123   Looks like the ask at .0002 is finally Pb311 08/29/14 11:20:49 AM
#60122   that 10 to 1 converted preferred goldbarren58 08/29/14 11:19:57 AM
#60121   This what keeps me going here. DJPB1984 08/29/14 11:04:08 AM
#60120   not much selling happening, just 1 or 2 goose44 08/29/14 10:57:51 AM
#60119   I had no idea. Thanks for letting me DJPB1984 08/29/14 10:55:15 AM
#60118   big 2's volume coming in. ready to goose44 08/29/14 10:46:51 AM
#60117   DKGR 2s getting slapped. Profitable company with BullzDeep 08/29/14 10:45:19 AM
#60116   those are trades through Charles Schwab. They goose44 08/29/14 10:43:41 AM
#60115   I always wonder what those 999999 trades are. DJPB1984 08/29/14 10:33:27 AM
#60114   Most important info from 10Q, filed Aug 15: diehard2 08/29/14 10:28:15 AM
#60113   yeah you would know, mr expert. you goose44 08/29/14 10:19:30 AM
PostSubject