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Drake Gold Resources Corp. (DKGR)

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Last Post: 9/16/2014 6:54:36 PM - Followers: 565 - Board type: Free - Posts Today: 58




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
#60473  Sticky Note DKGR @ .0001 mega DD information: The_Pink_Lawyer 09/16/14 08:38:49 AM
#60459  Sticky Note NEWS $2M in shirts for one deal. That diehard2 09/15/14 03:18:05 PM
#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
#60528   new group of happy chumps goldbarren58 09/16/14 06:54:36 PM
#60527   Every other DKGR acquisition proved to be nothing Vegas_trader 09/16/14 06:52:05 PM
#60526   If you pump it they will come!lol bigpumper 09/16/14 06:29:40 PM
#60525   i did dis monen http://youtu.be/2kHV1LMZo7o bigpumper 09/16/14 06:21:17 PM
#60524   DKGR...Looks like we had a good day here. coffeedrinker777 09/16/14 05:44:42 PM
#60523   DKGR 0.0001 - we have a 10 BAGGER trader53 09/16/14 04:34:32 PM
#60522   GO BY THE PLANT AND SAY HI goldbarren58 09/16/14 03:53:05 PM
#60521   Thank you for becoming a mod Mr. Pink. diehard2 09/16/14 03:37:15 PM
#60520   To: ir@drakegold.com goldbarren58 09/16/14 03:31:55 PM
#60519   Peter Matousek is gone! Replaced by Mahabubul Kabir goldbarren58 09/16/14 03:30:24 PM
#60518   DKGR #19 on Breakout Boards!!!! The herd slowly The_Pink_Lawyer 09/16/14 03:28:02 PM
#60517   good chatter today! dkgr Patriot1776 09/16/14 03:20:05 PM
#60516   Oh boy! Sumtin biiig mus b happnin bigpumper 09/16/14 02:47:32 PM
#60515   If DKGR would call off the dawgs for The_Pink_Lawyer 09/16/14 02:39:18 PM
#60514   DKGR - STOP STARING AND SLAP DAT ASK !!!!! EZmoney- 09/16/14 02:38:59 PM
#60513   DKGR has held a bid for nearly 1 The_Pink_Lawyer 09/16/14 02:37:43 PM
#60512   I am an investor and intrigued by the goldbarren58 09/16/14 02:33:25 PM
#60511   When DKGR start hittin, EZ gonna be like ... EZmoney- 09/16/14 02:32:46 PM
#60509   DKGR has a bid 0001 x .0002 L2 The_Pink_Lawyer 09/16/14 01:54:09 PM
#60508   We have a bid bigpumper 09/16/14 01:51:54 PM
#60507   Lotta skurd folk wonna get out at 2 bigpumper 09/16/14 01:47:37 PM
#60506   DKGR - diluting MM BKRT backed off to The_Pink_Lawyer 09/16/14 01:46:58 PM
#60505   If retail is dumping DKGR .0001s - you're The_Pink_Lawyer 09/16/14 01:45:37 PM
#60504   e-mail sent to DKGR! Everyone please e-mail these The_Pink_Lawyer 09/16/14 01:43:37 PM
#60503   DKGR #29 on break-out board diehard2 09/16/14 01:40:17 PM
#60502   The more significant question that needs answered is bigpumper 09/16/14 12:45:42 PM
#60501   Universal Apparel Company JUST WAITING 09/16/14 12:35:12 PM
#60500   Trade the stock and don't drink the kool-aid! bigpumper 09/16/14 12:14:42 PM
#60499   also a deal with BLUE CHIP company to JUST WAITING 09/16/14 12:13:34 PM
#60498   DKGR ... TICK TOCK !! EZmoney- 09/16/14 12:02:28 PM
#60497   DKGR's new guy Mahabul Kabir is from Bangladesh!!! The_Pink_Lawyer 09/16/14 12:02:15 PM
#60496   When people start saying certain people are gone ufc_champ 09/16/14 11:49:23 AM
#60495   Who is crazy enough to sell DKGR shares Vegas_trader 09/16/14 11:47:27 AM
#60494   Peter Matousek is gone! Replaced by Mahabubul Kabir The_Pink_Lawyer 09/16/14 11:36:07 AM
#60493   Oh yes! DKGR! Patriot1776 09/16/14 11:07:27 AM
#60492   Something's up! DKGR Patriot1776 09/16/14 11:06:54 AM
#60491   and? that is something to brag about? goldbarren58 09/16/14 11:06:23 AM
#60490   this is huge! Patriot1776 09/16/14 11:05:21 AM
#60489   I bought! Patriot1776 09/16/14 11:05:01 AM
#60488   I believe It's coming soon! Patriot1776 09/16/14 11:04:44 AM
#60487   Agreed! waiting for the Boom here! go DkGR! Patriot1776 09/16/14 11:04:20 AM
#60486   Load the Gold! DKGR! Patriot1776 09/16/14 11:03:50 AM
#60485   awesome that they have some real commitments they Patriot1776 09/16/14 11:03:21 AM
#60483   seems some .0002's as well. lots of holders Patriot1776 09/16/14 11:02:43 AM
#60482   the .0002's are going folks. roughly 1/3 less Patriot1776 09/16/14 11:01:13 AM
#60481   Hmmm no bid but everytime someone lays .0001s Silverback77 09/16/14 10:38:04 AM
#60480   DKGR wow here is a contract they signed The_Pink_Lawyer 09/16/14 10:26:25 AM
#60479   Yeap, loading all the .0001's I can AMA 09/16/14 10:23:44 AM
#60478   DKGR accumulate at .0001/.0002 and hold on the The_Pink_Lawyer 09/16/14 10:19:41 AM
#60477   Agree TPL...Load em up AMA 09/16/14 10:09:39 AM
PostSubject