Cannabis Report
Home > Boards > US OTC > Telecommunications Networks >

Martello Technologies Group Inc. (DRKOF)

DRKOF RSS Feed
Add DRKOF Price Alert      Hide Sticky   Hide Intro
Moderator: Att_for_life
Search This Board: 
Last Post: 9/23/2018 7:48:29 PM - Followers: 11 - Board type: Free - Posts Today: 0

 

www.derekoilandgas.com

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

 

LAK RANCH OIL PROPERTY

 

 

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
Canada

http://www.derekoilandgas.com

  • 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

    BC
  • Jurisdiction Of Incorporation

    Canada
  • 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

    0001087072
  • Fiscal Year End

    4/30
  • 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
    CAN

Cannabis Report
DRKOF
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#77   This one is a no brainer! Once we Maso11 09/23/18 07:48:29 PM
#76   may have to sell my car and start hiroller12x 09/23/18 11:26:23 AM
#75   It's a good move:) Att_for_life 09/23/18 05:54:35 AM
#74   only have enough dry powder for about another hiroller12x 09/22/18 01:23:26 PM
#73   This is easily a 10 bagger!! People haven’t Maso11 09/21/18 08:47:37 PM
#72   one tenth of a penny from finishing GREEN hiroller12x 09/21/18 04:32:34 PM
#71   holding steady going in to power hour. Bottoming hiroller12x 09/21/18 02:52:59 PM
#70   Wants to go green!! Maso11 09/21/18 02:52:33 PM
#69   Maybe reversal? If not, I'm buying all the Att_for_life 09/21/18 02:03:29 AM
#68   Great day in my mind. Stemmed the tide hiroller12x 09/20/18 06:29:52 PM
#67   showing a little green now after being 15% hiroller12x 09/20/18 02:54:38 PM
#66   Bruce = execution and acquisition master:) Att_for_life 09/20/18 05:08:53 AM
#65   The whole team is tops!! Att_for_life 09/20/18 05:06:13 AM
#64   Nice video summary, thanks:) Att_for_life 09/20/18 05:03:33 AM
#63   much appreciated mustardseed. Wonderful stuff that makes the hiroller12x 09/19/18 02:17:26 PM
#62   This is just the beginning folks. https://www.youtube.com/watch?time_continue=7& mustardseed 09/19/18 01:54:32 PM
#61   took a little bite at .57, and will hiroller12x 09/19/18 12:08:05 PM
#60   Yeah these deep dips are awesome! Att_for_life 09/19/18 04:11:02 AM
#59   and why wouldn't they...Bruce Linton has joined on hiroller12x 09/18/18 08:47:09 PM
#58   ATT....can I come stay for a week or hiroller12x 09/18/18 08:07:42 PM
#57   Exactly:) I'm gonna try to get to 75,000 shares Att_for_life 09/18/18 07:21:53 PM
#56   More MM games... Att_for_life 09/18/18 07:19:20 PM
#55   jumped in today. After running with CGC since hiroller12x 09/18/18 01:49:38 PM
#54   Somebody wants shares real bad lordgod 09/18/18 01:13:15 PM
#53   Wow someone buying in big lordgod 09/18/18 01:06:55 PM
#52   https://www.marketwatch.com/press-release/martello-named-2018-frost-sullivan-pri mustardseed 09/18/18 12:45:13 PM
#51   Whats Happening here, looks painful now....MMs Outcast27 09/18/18 10:06:31 AM
#50   ,12 Att_for_life 09/18/18 06:20:42 AM
#49   What price did this start trading at? Jake1990 09/18/18 04:47:14 AM
#48   Internet connection services... Att_for_life 09/18/18 04:34:43 AM
#47   Excellent video:) Att_for_life 09/18/18 02:42:02 AM
#46   http://www.investorx.ca/PDF/1809051053488573/(martello-technologies-group-inc)(f mustardseed 09/18/18 12:36:47 AM
#45   http://www.investorx.ca/PDF/1809061240201898/(martello-technologies-group-inc)(o mustardseed 09/18/18 12:33:45 AM
#44   Just exactly what does the company do lordgod 09/17/18 08:20:08 PM
#43   We will see if lightning strikes twice Stocker1 09/17/18 08:10:15 PM
#42   This is why Martello Technologies Group will be mustardseed 09/17/18 06:31:18 PM
#41   Is more news coming out . lordgod 09/17/18 06:29:27 PM
#40   https://youtu.be/7U8PxLx578g mustardseed 09/17/18 05:58:14 PM
#39   Why the huge drop lordgod 09/17/18 02:10:43 PM
#38   Pre-market 1.27 damn! :) Att_for_life 09/17/18 07:53:17 AM
#37   28th fasted growing of 500, more to come! KingMidasAu 09/16/18 06:58:56 PM
#36   DD here, MTLO board set up! We are KingMidasAu 09/16/18 05:10:25 PM
#35   It's still grey because... Att_for_life 09/15/18 05:50:49 PM
#34   This is grey yet. Any plans for relisting? AAsuited 09/15/18 09:03:15 AM
#33   Bruce Linton Canopy CEO video link... Att_for_life 09/15/18 03:35:44 AM
#32   Watch the Bruce/Martello video...and you'll see why. Att_for_life 09/14/18 08:54:07 PM
#31   After seeing Bruce's Martello interview...damn! Att_for_life 09/14/18 08:49:36 PM
#30   Nice buy poor boy taubytaub 09/14/18 06:43:55 PM
#29   Trading like a dream! This goes straight past Maso11 09/14/18 03:27:56 PM
#28   Whats the big Excitement HERE ? Outcast27 09/14/18 02:42:37 PM
PostSubject