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Drake Gold Resources Corp. (DKGR)

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Last Post: 4/24/2014 6:49:04 PM - Followers: 504 - Board type: Free - Posts Today: 3




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
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PostSubject
#56789  Sticky Note DKGR 0.0005 - Targets 0.0013 / 0.0019 / JUST WAITING 04/07/14 09:18:21 PM
#54501  Sticky Note DKGR will NOT receive any Royalties for Oil crowin 05/06/13 08:12:20 PM
#56850   Thank GOD Prince is gone, new president, new blowout 04/24/14 06:49:04 PM
#56849   Aquistion filing out on 3/5/2014. But no news Multi-Bagger 04/24/14 10:49:12 AM
#56848   Is the HUGE NEWS just wishful thinking on 3091dfl 04/24/14 10:17:38 AM
#56847   the same legal counsel that signed off on goldbarren58 04/23/14 07:43:35 PM
#56846   DKGR website is back. Huge news coming soon. Multi-Bagger 04/23/14 07:41:25 PM
#56845   Hello All, Lurch16 04/23/14 02:40:22 PM
#56844   LOL my contract was signed by him goldbarren58 04/23/14 01:43:39 PM
#56843   It is my understanding that Brandon Toth may pepeoil 04/23/14 01:27:51 PM
#56842   Have you seen Greg Smith at all lately? Vegas_trader 04/23/14 12:04:38 PM
#56841   I agree.. ufc_champ 04/22/14 12:39:59 PM
#56840   They must. They are both pathological and compulsive liars. paid pumper 04/22/14 11:43:56 AM
#56839   do Peter and Clayton still get together to crowin 04/22/14 11:07:00 AM
#56838   You are probably right. Fundamentals are driving big paid pumper 04/22/14 11:00:42 AM
#56837   some are gone cause they didn't get their koolmc 04/22/14 10:55:26 AM
#56836   lol didn't even look like a paid promo koolmc 04/22/14 10:54:57 AM
#56835   The little paid promotion is over! paid pumper 04/22/14 10:53:39 AM
#56834   Shares are the DKGR product! paid pumper 04/22/14 10:36:38 AM
#56833   DKGR needs a product the bottom line. They greenpar 04/22/14 02:18:43 AM
#56832   pretty much most pos ceo make money by koolmc 04/16/14 12:50:50 AM
#56831   I bet there's a bar somewhere in Gresham, Vegas_trader 04/16/14 12:16:56 AM
#56830   The good news is Petie Boy can convert Vegas_trader 04/16/14 12:15:23 AM
#56829   nope not short, it's retail selling out per koolmc 04/15/14 10:08:57 PM
#56828   Shorties? ROFLMAO. kezzek 04/15/14 07:42:58 PM
#56827   Can't go up, shorties will drive it down paid pumper 04/15/14 06:54:55 PM
#56826   only interesting thing for today is peeps stacking koolmc 04/15/14 01:23:12 PM
#56825   well the other e stock is going let's koolmc 04/15/14 10:16:25 AM
#56824   Could be an interesting day singiie 04/15/14 09:11:42 AM
#56823   Blood Moon day. greenpar 04/15/14 08:52:48 AM
#56822   Gotta good feeling about today ;-) RoxVox 04/15/14 06:56:08 AM
#56821   We r getting there .MJ excitement is almost Jeff20134 04/14/14 11:02:11 PM
#56820   Need more volume! A little more and things RoxVox 04/14/14 10:48:05 PM
#56819   Anything is possible brotha ,all it takes is Jeff20134 04/12/14 11:21:52 AM
#56818   Hard to imagine DKGR bring on shakier footing paid pumper 04/12/14 10:41:22 AM
#56817   Well trader53 thinks we r headed up and Jeff20134 04/12/14 10:37:53 AM
#56816   Been gone since this tanked. Thought I PhnxRsng9 04/11/14 09:52:39 PM
#56814   been exposed as a scam the last 8 years goldbarren58 04/11/14 10:42:22 AM
#56813   Great potential here but lacks exposure . Jeff20134 04/11/14 10:20:00 AM
#56812   Any word on all that free cash from Parker? Vegas_trader 04/10/14 01:06:53 PM
#56811   I want some 3's please Jeff20134 04/10/14 11:30:46 AM
#56810   the course will look greener with all the pot goldbarren58 04/09/14 10:08:45 PM
#56809   Weather's getting warmer, golf and pictures are right paid pumper 04/09/14 10:00:45 PM
#56808   Nah, They're switchin' tactics. They're not drillin' for CuriousGeorge 04/09/14 04:16:56 PM
#56807   Cheech Smith and Chong Matousek are all over it! Vegas_trader 04/09/14 03:57:47 PM
#56806   Did I miss something? I noticed the ufc_champ 04/09/14 01:31:03 PM
#56805   Big MMJ institutional investors know the score! That's paid pumper 04/09/14 12:15:00 PM
#56804   Mary Jane will make us rich! Our TampaTradr 04/08/14 09:03:09 PM
#56803   gonna need news or group push to get koolmc 04/08/14 03:17:31 PM
#56802   Tic toc , Jeff20134 04/08/14 10:26:14 AM
#56801   no point in teling em, been saying that koolmc 04/08/14 10:24:50 AM
#56800   DKGR 0.0005 - Targets 0.0013 / 0.0019 / angell 04/08/14 10:16:48 AM
PostSubject