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Last Post: 11/28/2019 6:38:25 PM - Followers: 19 - Board type: Free - Posts Today: 0


Bakken Resources, Inc.
1425 Birch Ave.
Suite A
Helena, Mt. 59601
Phone: (406) 442-9444
Website: http://www.bakkenresourcesinc.com/
email: info@bakkenresourcesinc.com

Val M. Holms CEO, President
Dan Anderson Interim CFO
Karen S. Midtlyng Secretary, Treasurer

Shareholder Liaison:
James Kyle

ISG Investor Relations:
Information Solutions Group LLC
BKKN investor contact number:
585 347 4305 ext 109, 113


Share Structure
Market Value1 $9,645,010 a/o Aug 06, 2013
Shares Outstanding 56,735,350 a/o May 14, 2013
Float Not Available
Authorized Shares 100,000,000 a/o Mar 31, 2009
Par Value 0.001

Latest Report: Sept 30, 2017 10-Q
CIK 0001450390
Fiscal Year End 12/31
Incorporated In: NV, USA
Nevada Agency and Transfer Company

Bakken Resources, Inc.

(BRI) is a non-operating participant in the Bakken and play in western North Dakota. The Company plans to focus on evolving into a growth-orientated independent energy company engaged in the acquisition, exploration, exploitation, and development of oil and natural gas properties. Our activities are focused mainly in the Williston Basin, a large sedimentary basin in eastern Montana, Western North and South Dakota, and Southern Saskatchewan known for its rich deposits of petroleum and potash.

BRI has pursued relationships to gather information on future potential oil and gas drilling projects and explored and contemplated possible joint partnerships in other drilling programs. We have acquired mineral acreage in the Duck Lake region of Western Montana, in a potential oil play commonly referred to as the Alberta Bakken, as well acquiring a 17% working interest in an operating well located in Archer County, Texas.

As of March 31, 2013 BRI owns mineral rights for 7,200 (net 2,400) acres in the Bakken/Three Forks in North Dakota and approximately 2,200 acres in the Duck Lake area of Montana. We also own a 50% net mineral interest in the Duck Lake acreage minerals. The Duck Lake acreage is not being developed as of March 31, 2013
The mineral rights in North Dakota are leased to three well operators, Oasis Petroleum (NYSE:   OAS $42.50), Continental Resources (NYSE: CLR $96.55) and Statoil ASA (NYSE: STO $21.28).The royalty income is calculated monthly and the Company recognizes royalty income upon production reported on the North Dakota Industrial Commission website. At March 31, 2013 the Company has received division orders for twenty-two Bakken formation wellsand three Madison formation wells.


We plan to focus on evolving into a growth-orientated independent energy company engaged in the acquisition, exploration, exploitation, and development of oil and natural gas properties while trying to conserve resources. We plan to explore developing our assets using more modern and economical techniques than those that are currently used by some operators in the basin. We will initially focus our activities mainly in the Williston Basin, a large sedimentary basin in eastern Montana, Western North and South Dakota, and Southern Saskatchewan known for its rich deposits of petroleum and natural gas.

Per our business plan and strategy, we have pursued relationships to gather information on future potential oil and gas drilling projects and explored and contemplated possible joint partnerships in other drilling programs. The Company remains in discussion with various groups for strategic partnerships.


Mineral rights locations designated in yellow above.

(Note: blue dot in the middle of the map represents a commercial horizontal Bakken well drilled in May of 2010 by Oasis Energy, Inc.).

Bakken Resources, Inc. Announces Sale of Mineral Interests


Feb. 6, 2014 /PRNewswire/ -- Bakken Resources, Inc. (OTCQX: BKKN) ("BKKN"), announces the sale of 767 +/- net mineral acres in McKenzie County, North Dakota, to an undisclosed buyer.  The property sold for $10,250 per net mineral acre for a total of $7,871,248.  BKKN retains a two percent (2%) royalty on the sold assets.  The sold assets were purchased by BKKN in November 2010 for an aggregate amount of $1,535,000. 

A portion of the sale proceeds will be escrowed pending title review.

"We are very pleased about this win-win transaction," notes Val Holms, CEO.  "Proceeds from this transaction will allow us to seriously explore several other opportunities we are currently evaluating.  We continue to hold a 2% royalty interest in the assets we sold and also receive royalties on our remaining 1,600 +/- net mineral acres located in Bakken region."


April 15, 2014


On behalf of the Board of Directors and management of Bakken Resources, Inc. we would like to take this opportunity to thank the shareholders for their support this past year.

We are happy to report significant developments on several fronts over the past year.

•Increase in well activity.
Over the past year, we had a total of 14 wells come into production on our acreage. Currently, we have based on the available information, 47 producing wells in the Williston Basin of North Dakota, and 15 additional wells which are either being permitted, are drilling, or are on confidential status. Please visit our website at www.bakkenresourcesinc.com and click on the “Well Activity” tab for a full listing of our wells. This listing also contains the NDIC number for each well, allowing the user to obtain additional well information from the NDIC site (www.dmr.nd.gov/oilgas–note that some information requires a paid subscription).

•Increase in gross revenues.
Gross revenues for the fiscal year ending December 31, 2013 were approximately $3.9 million, representin a 130% increase in gross revenues for the year ending December 31, 2012 (approximately $1.7 million).

•The Company is debt-free.
In August 2013, we prepaid the entire balance of our primary debt obligation. The prepayment occurred 5-1/2 years prior to the stated maturity date of the debt.

•Sale of mineral assets.
In February 2014, we announced the sale of 767 +/-net mineral acres in McKenzie County, North Dakota. The property sold for $10,250 per net mineral acre for a total of $7,871,248. BRI retains a two percent (2%) royalty on the sold assets. The sold assets were purchased by BRI in November 2010 for an aggregate amount of $1,535,000. Without factoring in the royalties we expect to continue to receive as a result of the retained 2% royalties, the sale represents an over 500% cash return on sale based on our initial investment.

Some other items of note for this past year were:

•Our receipt of DTC approval for the electronic trading of BRI's common stock.

•Completion of a full mineral title review and report of our mineral acreage.

•Completion of initial well analysis of our working interest in Archer County, Texas. The well in Archer County that we have a 17% working interest has suspended production pending further geologic analysis on potential further downhole drilling opportunities.

•Completion of lease review and coordination and negotiation of various lease addendums and/or extensions.

•Launched a new website that we believe provides accurate, streamlined and pertinent information in an understandable fashion to our shareholders and the investing public.

•Initial development of enhanced oil-recovery technology programs, including a collaboration with Applied Geotech, Inc.

•Successful release of prior suspended royalty payments (totaling approximately $1.2 million). With respect to our current 1,100 net mineral acre holdings in the Duck Lake region of Montana, our acreage went off lease in September 2013,and we are currently looking at potential opportunities to commercially exploit this asset.

In December 2013, following trial in held in Superior Court located in Spokane, Washington, the Washington Court issued findings of fact and conclusions of law stating that the plaintiffs in this the Washington case (i.e. Allan Holms and Roil Energy, LLC) did not have an interest in our mineral assets. Final judgment in the Washington case is currently pending the completion of various post-trial briefs and hearings, but final judgment is expected to be issued in late April or early May 2014. We are pleased with the Washington Court’s findings of fact and conclusions of law as they pertain to the Company.

Some of you may have also received a notice from plaintiffs representing a minority class of investors that have filed suit against the Company alleging the Company’s breach of certain provision relating to registration rights agreement(s) (Case No. A-13-675280-B, filed in the District Court of the State of Nevada for Clark County). We dispute the allegations of the plaintiffs in this case and intend to vigorously defend this lawsuit.

We encourage all of you to read our Annual Report and our other public filings carefully for detailed information about our company. The Board and management are committed to engaging in activities that will enhance shareholder value, and we expect that to be a focus in the coming months. The Company continues to evaluate additional potential mineral or lease acquisitions to increase its assets and potential oil and gas reserves. As always, we welcome constructive input from our valued shareholders. All of us at Bakken Resources, Inc. appreciate your continued support and look forward to continued success in 2014.


Val M. Holms
CEO  Bakken Resource

#887   BKKN registration revoke? They must have really made LouisDesyjr 11/28/19 06:38:25 PM
#886   BKKN registration revoked: Renee 10/11/19 09:31:34 AM
#885   $BKKN 1st time I have ever seen this. roger wilco 09/13/19 10:18:05 AM
#884   BKKN: ORDER GRANTING EXTENSION OF TIME Renee 09/13/19 09:48:43 AM
#883   BKKN did not respond to an inquiry by roger wilco 09/07/19 01:17:56 PM
#882   SEC delinquent filers LouisDesyjr 09/07/19 12:59:12 PM
#881   yep, not looking good. SEC really getting serious roger wilco 09/07/19 12:49:19 PM
#880   SEC Suspension LouisDesyjr 09/07/19 12:42:35 PM
#879   BKKN SEC Suspension for severely delinquent Financials: Renee 08/28/19 09:37:34 AM
#878   8K filing Item 8.01 Other Events roger wilco 08/22/19 11:41:48 AM
#877   Is the company even real? Why behind on LouisDesyjr 08/10/19 03:55:43 PM
#876   Allan G Holms, President it's time to start roger wilco 07/10/19 01:39:16 PM
#875   I found this BK filing on the web roger wilco 05/08/19 01:16:14 PM
#874   BKKN Chapter 11 filing LouisDesyjr 03/15/19 09:01:07 PM
#873   What happened? LouisDesyjr 03/15/19 08:18:24 PM
#872   Crickets Dragnet 02/19/19 04:08:28 PM
#871   Have my fingers crossed this will one day roger wilco 09/07/18 01:42:32 PM
#870   Up 19% on Friday with bullish investor sentiment roger wilco 08/04/18 09:20:55 PM
#869   Bakken Resources, In (BKKN) roger wilco 06/26/18 02:30:52 PM
#868   Oil is booming $BKKN's bottom line should reflect roger wilco 06/19/18 10:24:58 AM
#867   $BKKN 8-K Acquisition of royalty wells at the roger wilco 05/09/18 08:54:31 PM
#866   NT-10K Notification That Annual Report Will Be Submitted roger wilco 04/04/18 11:44:50 AM
#865   Something seems wrong with the reporting LouisDesyjr 03/29/18 02:01:29 PM
#864   Bakken Resources, In (BKKN) roger wilco 03/09/18 04:43:57 PM
#863   Texas Well Activity roger wilco 02/20/18 03:56:51 PM
#862   Should see a climb in share price over roger wilco 01/24/18 01:07:45 PM
#861   Oil Prices Just Hit A Three-Year High roger wilco 01/09/18 08:27:27 PM
#860   BKKN caught me eye today. Watching it Quintessence 01/09/18 06:08:36 PM
#859   Nice jump today! Let’s see if the Dragnet 01/09/18 04:52:04 PM
#858  Restored bkkn traded much higher earlier , still showing winnerpicker 01/09/18 12:00:04 PM
#857   Bakken Resources, Inc. Announces Closing of Credit Line roger wilco 01/08/18 06:09:20 PM
#856   Bakken Resources Acquires Producing Mineral Assets roger wilco 12/20/17 08:36:45 PM
#855   Haynesville Shale roger wilco 12/20/17 06:43:08 PM
#854   A real nice grab for BKKN! roger wilco 12/20/17 06:26:27 PM
#853   This one is getting ready to run! Item 2.01 Dragnet 12/20/17 05:37:27 PM
#852   Transcript of investor Conference Call: roger wilco 12/01/17 08:41:42 PM
#851   Shale Revolution Continues roger wilco 12/01/17 01:54:19 PM
#850   Investor Conference Call was yesterday. Hopefully the replay roger wilco 11/28/17 02:11:59 PM
#848   Can someone bash this i want in! Lol Dragnet 11/20/17 04:37:01 PM
#847   BKKN news on PRNewswire this morning roger wilco 11/20/17 11:57:50 AM
#846   $BKKN biggest volume day since May roger wilco 11/20/17 11:54:06 AM
#845   Almost $1 million in cash in the checking roger wilco 11/20/17 11:01:45 AM
#844   Hey Roger Wilco, reaper247 11/18/17 11:45:24 PM
#843   2017 Quarterly financials all up to date! roger wilco 11/15/17 04:34:31 PM
#842   All of 2016 financials now filed with the SEC. roger wilco 10/03/17 01:29:39 PM
#841   2016 Highlights from the 10k roger wilco 07/10/17 03:15:07 PM
#840   10K annual report 2016 has been published on Edgar roger wilco 06/21/17 09:39:00 AM
#839   Now is a good time to grab a roger wilco 06/17/17 11:40:32 AM
#838   IMO 2018 is when $BKKN will get back roger wilco 06/17/17 11:39:58 AM
#837   The lawsuits against BKKN will be coming to roger wilco 06/17/17 11:39:25 AM