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Created: 11/05/2008 12:24:28 AM - Followers: 12 - 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:

  • 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

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#1297 what does it say about a company when hiroller12x 12/14/2019 07:01:44 PM
#1296 wonderful assessment my friend. There's a pinhole in hiroller12x 11/26/2019 03:47:46 PM
#1295 I cut some out, Bruce's name only goes Burdock 11/25/2019 09:22:42 AM
#1294 ty Andrew...I will sleep well tonight knowing that hiroller12x 11/21/2019 05:30:26 PM
#1293 Mr. Hiroller, everything is well, don't want to Andrewbird 11/21/2019 03:17:18 PM
#1292 that 'wouldN'T! have been the case....gotta stop posting hiroller12x 11/21/2019 08:52:51 AM
#1291 that would be the case if I hadn't hiroller12x 11/21/2019 08:25:23 AM
#1290 You answered you’re own CharlesMartin1 11/21/2019 05:27:26 AM
#1289 if I might ask Charles...are you still holding hiroller12x 11/20/2019 09:36:11 PM
#1288 Very disappointing performance. They’ve basically peaked... CharlesMartin1 11/20/2019 07:59:01 PM
#1287 and the mouse continues to run itself into hiroller12x 11/20/2019 05:29:18 PM
#1286 'Investor Day' will be hosted by none other hiroller12x 11/13/2019 04:15:06 PM
#1285 creeping up on 'investor day'. Can't you just hiroller12x 11/09/2019 03:32:09 PM
#1284 I feel your pain CharlesMartin1. Don't remember a hiroller12x 11/08/2019 03:11:34 PM
#1283 I feel your pain CharlesMartin1. Don't remember a hiroller12x 11/08/2019 03:11:33 PM
#1282 I bought 100,000 shares a week or two CharlesMartin1 11/08/2019 07:25:47 AM
#1281 every move toward.30 is met with a wave hiroller12x 11/07/2019 04:12:04 PM
#1280 TU for the kudos Andrew but I believe hiroller12x 11/05/2019 04:53:08 PM
#1279 Hiroller, love reading your posts, you should be Andrewbird 11/05/2019 07:09:13 AM
#1278 you are not alone Stocker. The pps will hiroller12x 11/04/2019 06:52:28 PM
#1277 Yawn....anything to do with this company seems to Stocker1 11/04/2019 06:25:54 PM
#1276 sitting in limbo land after this herd of hiroller12x 11/04/2019 05:42:14 PM
#1275 new Q numbers coming soon. IMO wait until hiroller12x 11/02/2019 06:46:00 PM
#1274 another down day after a spike....what a revelation!! hiroller12x 11/01/2019 04:40:01 PM
#1273 nice day...haha. The LORD giveth and the LORD hiroller12x 10/31/2019 08:36:31 PM
#1272 a nickel bump? ON WHAT!!...hmmmm..let me guess. A hiroller12x 10/30/2019 05:34:44 PM
#1271 stuck in the 'black hole' of the greys hiroller12x 10/30/2019 05:12:33 PM
#1270 I am sick of this stock, sold yesterday. Andrewbird 10/30/2019 11:50:49 AM
#1269 I am sick of this stock, sold yesterday. Andrewbird 10/30/2019 11:49:43 AM
#1268 It’s a tankin. Guess someone thought they would Stocker1 10/29/2019 11:50:19 AM
#1267 and the retreat begins as we anticipated...the day hiroller12x 10/28/2019 04:47:02 PM
#1266 Solid move Moe especially after the 'bend over' hiroller12x 10/25/2019 08:41:34 PM
#1265 That is the way to go, stay with Andrewbird 10/25/2019 04:04:01 PM
#1264 I'm officially out. I wish You, Burdock, and Moeclay 10/25/2019 01:24:55 PM
#1263 Andrew...I am out of CGC and MTLO. Just hiroller12x 10/25/2019 12:25:10 PM
#1262 Hiroller, are you still in CGC? Andrewbird 10/25/2019 12:14:45 PM
#1261 Hey guys, finally signed in, was having trouble Andrewbird 10/25/2019 12:13:48 PM
#1260 Hi hi roller, I dumped a bunch, thinking Burdock 10/24/2019 09:40:23 PM
#1259 I would say 'yes'...they aren't willing to tell us! hiroller12x 10/24/2019 06:51:54 PM
#1258 only takes a little to move alot when hiroller12x 10/24/2019 06:23:54 PM
#1257 For some apparent reason they've yet to resolve Moeclay 10/24/2019 11:23:24 AM
#1256 Think everyone is thinking the same thing. Just Stocker1 10/23/2019 11:14:21 PM
#1255 All due respect given for your insightful opinion.... hiroller12x 10/23/2019 09:49:41 PM
#1254 They know nothing. Everyone hopes Bruce washes his Stocker1 10/23/2019 08:51:08 PM
#1253 hope Burdock my bud cashed in for enough hiroller12x 10/23/2019 03:25:43 PM
#1252 A little run the past few days and hiroller12x 10/23/2019 11:34:55 AM
#1251 it was a red letter day for sure!!....lolol hiroller12x 10/22/2019 09:04:13 AM
#1250 To da moon baby! It’s coming......22 cents.....gotta Stocker1 10/21/2019 08:48:25 PM
#1249 message board has a glitch this afternoon. disregard hiroller12x 10/21/2019 06:35:02 PM
#1248 nice bump today.....maybe this investor knows something that hiroller12x 10/21/2019 06:21:13 PM
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