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Drake Gold Resources Corp. (DKGR)

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Last Post: 8/22/2014 10:40:58 PM - Followers: 565 - Board type: Free - Posts Today: 0




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
#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
#59850   News of rumors!!! LEAM 08/22/14 10:40:58 PM
#59849   Proof? zooey 08/22/14 09:11:16 PM
#59848   Rumors of news!!! Lioninthefield 08/22/14 08:35:44 PM
#59847   Still holding 1's here, not feeding into the "trolls"... jamesthaman 08/22/14 06:46:50 PM
#59846   Agree, groups ready to load on this one.. goldbarren58 08/22/14 06:23:38 PM
#59845   0% shot goldbarren58 08/22/14 06:20:36 PM
#59844   "IMHO" 50/50 shot... jamesthaman 08/22/14 06:19:39 PM
#59843   News tomorrow morning 0006 EOD IMHO...GO $DKGR goldbarren58 08/22/14 06:16:13 PM
#59841   Nice...they're all tradin' in pos-land...just a matter of doogdilinger 08/22/14 04:02:08 PM
#59840   its ok, i moved on to get a gail 08/22/14 04:00:17 PM
#59839   Who is going to get out the paintbrush Vegas_trader 08/22/14 03:59:00 PM
#59838   Yep this play was havin' a great week doogdilinger 08/22/14 03:58:07 PM
#59837   I have over +200 pos-land bags gail...I juz doogdilinger 08/22/14 03:56:01 PM
#59836   well, not really, im still.......... gail 08/22/14 03:55:02 PM
#59835   That sucks fire...let's hope this week was just doogdilinger 08/22/14 03:54:42 PM
#59834   They_still_can_use Eteligis.Cheaper_than that is a Local-Newspaper,also...lol... Sibware 08/22/14 03:54:20 PM
#59833   Anything is better than DKGR....... Vegas_trader 08/22/14 03:53:27 PM
#59832   Excellent points Sib...$100 per PR to ensure their doogdilinger 08/22/14 03:52:55 PM
#59831   Fully Agree, doog.Mostly about the needed exposure to IHUB... Sibware 08/22/14 03:51:46 PM
#59830   i could have flipped but was sure it gail 08/22/14 03:51:44 PM
#59829   Team DKGR pulls in a new group of Vegas_trader 08/22/14 03:50:59 PM
#59828   Is this the second time DKGR has burned Vegas_trader 08/22/14 03:48:10 PM
#59827   Really? When it was posted ON THE 19TH jamesthaman 08/22/14 03:43:58 PM
#59826   That's old news. Was hoping for a big TampaTradr 08/22/14 03:38:44 PM
#59825   Give it some time don't take that loss. 71tj 08/22/14 03:36:33 PM
#59824   that sucks, im sorry to hear it. this gail 08/22/14 03:27:21 PM
#59823   friday dipsticks selling. f em. this goose44 08/22/14 03:13:08 PM
#59822   DKGR - This is far from over ... EZmoney- 08/22/14 03:12:33 PM
#59821   I bought 60mil at 3 yesterday im kicking mrsdoubtfire 08/22/14 03:08:04 PM
#59820   Yah I bought 4 mil at .0002 yesterday pennymane 08/22/14 03:04:22 PM
#59819   ihub isn't charging any of the individual public doogdilinger 08/22/14 02:40:32 PM
#59818   I hope you are right. I am Pb311 08/22/14 02:39:11 PM
#59816   1's are not getting filled. You can sit DJPB1984 08/22/14 02:27:41 PM
#59815   Agreed...and the posting/picking up of news by ihub doogdilinger 08/22/14 02:26:54 PM
#59814   ihub requires payment now to post news. *Hulkster 08/22/14 02:24:55 PM
#59813   According to current revenues, profit and no debt diehard2 08/22/14 02:20:13 PM
#59812   are .0001's getting filled? Pb311 08/22/14 01:39:38 PM
#59811   very interesting...thanks for posting MOMO 08/22/14 01:28:56 PM
#59810   drop the ask. See where the bid goes *Hulkster 08/22/14 01:16:49 PM
#59809   damn! sweet! Patriot1776 08/22/14 01:11:37 PM
#59808   $DKGR YES THIS IS A KEEPER. $$ idig 08/22/14 12:58:01 PM
#59807   News on revenues! Just the start here. goose44 08/22/14 12:56:25 PM
#59806   $DKGR YES THAT IS GOOD . MORE NEWS idig 08/22/14 12:51:31 PM
#59805   This POS will not let me get any masson 08/22/14 12:43:58 PM
#59804   Been that way for years, why can't figure Mastercraft7 08/22/14 12:39:53 PM
#59803   i think it is ref this?? http://investorshub.advfn.com/boards/read_msg.aspx?mes gail 08/22/14 12:37:50 PM
#59802   $DKGR THERE WAS A PR? WHERE, PLEASE POST idig 08/22/14 12:36:48 PM
#59801   Big next week all that is going on ammoking 08/22/14 12:17:37 PM
#59800   Yep,Noticed!-But,a PR not showing on IHUB is never Sibware 08/22/14 12:17:10 PM
#59799   its a friday. but bid is still strong. gail 08/22/14 12:14:00 PM
PostSubject