Bakken Resources (fka BKKN)

[roger wilco]

2016 Highlights from the 10k

1. The Company’s oil and natural gas production volumes increased 47% and 97% respectively in 2016.

2. After crude oil and natural gas prices decreased early in 2016 to roughly $21 per barrel and less than $2.00 per MBtu, respectively, both prices nearly doubled by year end. Even with these changes, however, neither crude oil nor natural gas exhibited drastic price volatility throughout 2016. See https://www.eia.gov/outlooks/steo/report/prices.cfm.

3. The significant decline in oil and natural gas prices has also driven down mineral asset prices. The Company has been engaged in substantial efforts to identify and secure long-term producing assets including securing external capital to fund acquisitions.

4. The Company had more than twenty new producing wells at year end.

5. In 2014, the Company began an investigation into certain activities of our then-CEO, Val M. Holms. The Company’s operating results continue to be undermined by the costs of the internal investigation and tangential litigation. The Company has filed a claim against the Val Holms estate to recoup these costs.

6. The Company continues to defend against various litigation and has made progress toward ultimate resolution of such litigation.

7. The Company has filed claims in 2016 seeking millions of dollars in damages from those who have caused the Company harm.