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Martello Technologies Group Inc. (DRKOF)

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Last Post: 4/29/2019 1:45:16 PM - Followers: 11 - Board type: Free - Posts Today: 0



Derek Oil & Gas Corporation is an oil exploration, development and production company that utilizes enhanced oil recovery ("EOR") techniques to develop new production from reservoirs containing significant quantities of oil. Derek's current focus is on the further development and increasing production from their prime property located in NE Wyoming's Powder River Basin.

Corporate Focus: Invest in North American Energy.

Corporate Mission: Derek Oil & Gas Corporation (Derek) has a corporate mission to become a mid-tier energy producer within the next three years. This mission is to be accomplished through exploration, development and production from oil and gas assets in North America.

Derek Oil & Gas Corporation is publicly traded in Canada on the TSX Venture exchange under the symbol DRK.


Derek Oil & Gas

Projects Overview





Derek Oil & Gas Corporation's 8000 acre LAK Ranch property is located on the eastern margin of the Powder River Basin, approximately 8 kilometers (5 miles) southeast of Newcastle, northeastern Wyoming.

The LAK crude oil being produced is viscous and on the high end of "heavy oil" (API approx. 20). The oil has negligible paraffin, low sulphur content and requires an enhanced oil recovery method ("EOR") to extract.

The quantity of "oil in place" at LAK Ranch has been calculated by several operators and consultants and in all cases the quantity is significant.

Several unsuccessful attempts were made by previous operators to produce oil from LAK. Derek produced about 5000 barrels from a limited horizontal well program in Apr/01 to Jan/02.

The LAK Property re-commenced operations in Jan/04 using a limited vertical injector/horizontal producer pilot program that employed cyclic and continuous steaming. The process produced over 20,000 barrels of oil from Jun/04 to Nov/06. This pilot program is still in operation.

All of the LAK production to-date has been from the Newcastle Sandstone.

A 4.4 square mile high resolution 3D seismic survey has been carried out over the north portion of the LAK Ranch Property. This survey has been instrumental in defining the extent of the Newcastle Sandstone and also delineating potential prospects in the deeper Fall River and Minnelusa Sandstones. No wells have yet been drilled into prospects contained in these deeper stratigraphic units.

The Oil:

Due to the viscosity of the high quality oil being produced from the Newcastle Formation of the reservoir, Derek requires the use of an enhanced oil recovery ("EOR") technology to extract. The oil being produced is low in sulphur content, has negligible paraffin and sells for West Texas Intermediate ("WTI") less US$14.25 per barrel.

Blue Sky Potential:

A high definition 3D seismic survey was completed on 4.5 square miles of the property. The seismic identified multiple formations with hydrocarbon potential. Current operations have focused on the Newcastle Formation lower alluvial section only and these recent interpretations have provided Derek with increased potential. Please note that an EOR may or may not be required on the deeper formations identified with hydrocarbon potential.

In Summary:

Derek is operator of an 8000 acre property located in NE Wyoming just five miles or 15 minutes from the Newcastle refinery. Derek has a 95% working interest and is in partnership with SEC Oil & Gas who has a 5% working interest. Derek also has a 4.4% Royalty on all oil production to basement within the property. To date, approximately 10 million US dollars has been spent on a first-class Bateman Engineered above ground facility that is now in pilot phase operation and production. In 2006 the LAK Ranch property demonstrated the highest levels of production on the property's history (when conventional means were applied). These observations conclude that the EOR being utilized is proving to be a solid base for a highly successful oil project. Derek management and its board of directors believe that they possess the expertise and resources to drive this project forward. The Derek team is confident that they have acquired the necessary ingredients to develop and implement the most cost effective EOR to maximize production from the LAK Ranch.


Derek Oil & Gas Corporation
#1201 - 1111 West Hastings Street
Vancouver, BC V6E 2J3


  • Phone: 604-331-1757
  • Fax: 604-669-5193
  • E-mail: info@derekoilandgas.com

  • OTC Market Tier

    Pink Sheets Current
  • Primary SIC — Industry Classification

    1381 - Drilling oil and gas wells
  • State Of Incorporation

  • Jurisdiction Of Incorporation

  • Company Officers

    Alan H. Stevens, Dir.
    John Lush, Dir.
    Patrick Boswell, Dir.
    Barry C.J. Ehrl, President, CEO
    Edward Byrd, CFO
  • Number of Employees

    3 as of Apr 30, 2005
  • SEC Reporting Status

    De-Registered as of Aug 24, 2006
  • CIK

  • Fiscal Year End

  • Non-U.S. Exchange Listing

    (DRK) TSX Venture Exchange
    Qualified Exchange
  • Estimated Market Cap

    $1,622,034 as of Nov 4, 2008
  • Outstanding Shares

    35,261,616 as of Apr 30, 2005
  • Current Capital Change

    shs decreased by 1 for 3 split
    Pay Date: Mar 19, 2003
  • Company Notes

    • Formerly=Derek Resources Corporation until 3-03
  • Transfer Agent

    Computershare Trust Company of Canada Inc.
    510 Burrard St.
    Vancouver, BC V6C 3B9

Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
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#140   business must be rough from the looks of hiroller12x 04/29/19 01:45:16 PM
#139   Martello or marshmallow? Step up and show us hiroller12x 04/16/19 03:32:24 PM
#138   frustrating for sure but IMO still too early hiroller12x 03/27/19 09:50:49 AM
#137   Why did I invest here? Was blindsided by Mr Cute 03/26/19 05:49:42 PM
#136   we could use a few words from the hiroller12x 03/13/19 10:01:57 AM
#135   something is afoot. We are moving...not at light hiroller12x 01/29/19 04:02:15 PM
#134   damn....let's do that again. It's all in the hiroller12x 01/28/19 08:55:17 PM
#133   we have a pulse!!..... hiroller12x 01/07/19 06:33:55 PM
#132   investorshub.advfn.com/uimage/uploads/2018/10/22/iwfupmtlo_ooct22_ipo_great_IPO.jpg nowwhat2 10/22/18 11:35:46 PM
#131   are you here to save our asses from hiroller12x 10/18/18 07:17:28 PM
#130   So there'll never be a negative quarter or nowwhat2 10/18/18 06:55:34 PM
#129   not just here for a day, week or hiroller12x 10/18/18 05:24:16 PM
#128   Another for your collection : nowwhat2 10/18/18 04:24:47 PM
#127   got you to say it yourself "Bruce is hiroller12x 10/17/18 02:06:09 PM
#126   buy and hold from day 1...first 60 day hiroller12x 10/17/18 10:48:56 AM
#125   Bruce is The Man nowwhat2 10/16/18 10:55:58 PM
#124   Networking jargon - Have been there and tried nowwhat2 10/12/18 01:00:46 AM
#123   sitting in the corner for a time out... hiroller12x 10/11/18 04:13:37 PM
#122   Agreed! mikHigh 10/08/18 11:50:31 AM
#121   it's unfortunate and egregious at best that a hiroller12x 10/07/18 04:29:27 PM
#120   brilliant minds that flamed out for any number hiroller12x 10/04/18 03:51:00 PM
#119   So Martello's a Mitel ?....But a hundred times nowwhat2 10/04/18 03:03:18 PM
#118   couldn't have said better myself NW2. Been struggling hiroller12x 10/04/18 02:47:21 PM
#117   Jerkoff - LoL ! DRKOF eh ??? C'mon ! nowwhat2 10/04/18 02:22:50 PM
#116   and not a penny less !!....this guy brings hiroller12x 10/04/18 09:25:07 AM
#115   Raise the ask to minimum $.60 based on mikHigh 10/03/18 03:05:26 PM
#114   Fidelity Deathuntou 10/03/18 10:23:45 AM
#113   Well capital 1 will NOT let me BUY Outcast27 10/02/18 01:44:35 PM
#112   haven't heard this personally from anyone. hiroller12x 10/02/18 01:41:39 PM
#111   Cant BUY this on TD ....Has this been Outcast27 10/02/18 01:32:05 PM
#110   turn up the volume just a bit and hiroller12x 10/01/18 01:25:07 PM
#109   Yes... And just like a real fund stock, this Att_for_life 10/01/18 04:44:51 AM
#108   Agreed but isn't Canopy Rivers valuation already at Mr Cute 09/30/18 03:37:46 PM
#107   Exactly: He's the ONLY ONE I completely trust in Att_for_life 09/30/18 03:32:29 PM
#106   I was under the assumption the board mods Spartanator 09/29/18 02:58:45 PM
#105   Man, I tried... Att_for_life 09/29/18 07:00:41 AM
#104   Someone needs to do the intro...It talks about Spartanator 09/29/18 03:52:29 AM
#103   you are a very astute man. do you hiroller12x 09/28/18 06:28:05 PM
#102   What prompted me to purchase 10k shares of Mr Cute 09/28/18 05:58:49 PM
#101   Mr Cute...not sure what prompted you to purchase hiroller12x 09/28/18 05:56:45 PM
#100   Mr Cute....I feel you will be very pleased hiroller12x 09/28/18 04:34:22 PM
#99   Thank you for the educated guess. I am Mr Cute 09/28/18 04:19:23 PM
#98   A guess would be new IPO with little hiroller12x 09/28/18 03:42:35 PM
#97   What.Is.Going.On? Is it dead? Anybody has an explanation Mr Cute 09/28/18 03:07:14 PM
#96   "ZERO" volume for 75 min. since the open??....hmmmmmm hiroller12x 09/28/18 10:46:57 AM
#95   Thank you Jake...established problem solving technology, presently thousand hiroller12x 09/28/18 08:12:43 AM
#94   Nice Interview Jake1990 09/28/18 06:33:08 AM
#93   I'll take green any way we can get hiroller12x 09/26/18 05:52:42 PM
#92   a quiet run in to the 60's might hiroller12x 09/26/18 01:42:09 PM
#91   if I didn't tell you all...green is my hiroller12x 09/26/18 01:33:46 PM