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ClearS...
Yes for sure dilution can initally be a problem,
but projects do require funds to get off the ground,
so either you get them from investors (dilution) or borrow yourself into debt, and / or make a possible bad investment.... with funds you did just raise... Did someone just holler Parker? Well Maybe yes, Maybe No,
but at what point do you stop the dilution and let the stock go up
and receive fruits from all the investing, or does a company never do anything but dilute (these should be suspended in my opinion), and keep it up as long as possible?
We do, or almost finally do have assets, and I'm sure it's based on dilution, so again the question is when does the dilution slow down, take a pause or simply go away and when does the asset start to kick in enough to stop the bleeding?
Again, if they are getting Oil with more to come and hold it together for awhile, where this economy is headed, America's push for Oil independecy this investment could be a blessing...
MC
Blowout, . two things..
First I think things with Parker will work out fine,
one way or the other, it's in everyones best interest
to work together and if they don't we sue for both the
money and the lost revenue we suffered as a result of it,
for example my PPS before the deal was what maybe 0015,
and now it's 0003? It's because of the money that has
been going to them, so not only is DKGR on the negatve
so are we as I'm sure they used our money.
Second, If management can hang in there and produce more
more oil as you stated, this stock will become very special
as others will as more and more inflation keeps creeping into
our economy and the bigger push to make the US Oil Independent,
I think anyone who can demonstrate that they are producing Oil
with the potential to produce more is in the drivers street.
MC
Splash, Not sure if there will be that much interest until
either Parker does it thing and honors the DKGR Agreement
or DKGR Sells that Oil and gets the Lease in their Name,
or both,
until then not sure what could change anything here
too much.
MC
News... IS there typos / mistakes
or did I drink a 12 pack without dinner last night
and just can't read anymore..
It's good news regardless, a lot more than the
zero drops of Oil many said we would only see,
so I will take it,
Who's writing this stuff,
better even, who's proof reading it?
MC
Asher / Anyone else
What I would suggest if you are going there is to
hook up with Chris the Operator and go there with
him.
Also I think the company should invite any and all investors
who may want to go there, my guess is that they need to sell
the Oil first and put the Lease in their name.
If they don't do that before going, I would ask why not
and second guess if I even wanted to go.
MC
I think DKGR is doing great,
we have Oil!
Soon to have the lease in our name
and revenue from product, when has that
happened before?
JV's going on and more to come,
what a great rebound from a year ago.
As far as being a sacam, I don't think so,
the stories would be much bigger,
all the Oldtimers know that.
MC
Blow, read your post,
very good, very good indeed,
as far as the other person you mentioned,
No, from what I understand he has nothing to do
with this, but some people just hold him so dear
they will not let go, so I let them believe what they
want, and regardless they are going to post it whether
they believe it or not,
so there's not much one can do.
MC
Nobody can produce oil in the winter,.......
I don't know if that's true, in fact I don't
think it is, but I do know that they have been
telling us all along, all the way back to last summer
that they can't do it much in the winter,
they did give us a heads-up
and.....
I would think they know their landscape better than anyone
in California or Near the Great Lakes or even Mexico.
but I have to say, again, I expected we would have filled
up those two tanks and sold them by now,
that has me very nervous.
Parker, in a trust, cool, I would give Parker a drop dead date and hopefully sometime soon.
MC
Geez,
I don't post much of anything for a week or so,
the board go's dead quiet, the volume drys up
then I come back this morning,
board perks up, lot's more posts,
volume go's way up
No Wonder people think either I'm on the payroll
or some kind of insider or something.
MC
blowout, I didn't know that,
actualy that is good news,
Is there a timeframe drop dead date in the trust?
MC
Buff, I don't know for sure about that,
but they have said all along that "Weather Permitting"
but they also said they were going to fill up both tanks,
would have thought zero or 130 degrees they could have done that by now.
The 10 day weather forecast in our area in PA is
between 27 - 36 degrees, so I guess we have a few
more weeks before this gets into another work level.
I would have thought based on past PR's that both tanks
would have been filled and sold by now though?
MC
gabeh... A legal case?
What ever was sold or what ever assets there are,
they used our money to develope and market it,
so I would think for sure there's legal grounds,
we as shareholders own a good part or whole whatever
assets there are I would think.
MC
USC, someone was nice enough to send me a PM about IPKL,
PS Thank You,
could you and / or Gabh send me a e-mail and kind of bring me up to date on where you think this may be? I have a ton of it, over 50m I think, have not looked in a couple of years,
my e-mail is mastercraft6@hotmail.com
thanks in advance,
R
Personally, I like the updates,
with summer coming and gas now at $4.50 a gal,
think we have a bright future here,
Keep those updates coming, please,
MC
How does one make money on stock?
They buy cheap and sell high,
or just hang on to it while something is being built.
How do you build something?
You either bring in people with big pockets to take over
part of the company and invest and build, or you sell shares
(dilute and invest and build).
So here's the deal, it's cheap,right now, I think a great time to buy, but that's just me (and a few others).
they are in a area that produces oil and they claim that
they are now producing oil with increase volumes to come,
Oil is soaring right now and if they do as stated this should rock.,
On the other hand as many post over and over that this is a scam
and will go no where, that it is all a lie just to get our money,
I'm not there, so certainly cannot say for sure, it's really that simple.
So there you have it, either they're building something or scaming, and based on where they have stated that their at and where they're going, it's getting very close to 'Put Up or Shut Up Time",so one way or another we will pretty well know shortly,
I think we are at the right place at the right time with the right product, but either way, I cannot see saying the same thing day after day, week after week hour after hour,
we either got it and make out or we don't and at these prices, it's not all that much of a gamble.
MC
Actually we got a couple or so weeks and it warms up,
here, that warm up could be anytime
I would think..
MC
So True...
The way the volume is going you
should be able to get rid of the 0002's,
looks like they are being bought up,
PS.. Good thing DKGR did not sell that Oil Yet,
it's up over $10 since they announced what they
were going to do with it (and the rest to continue to come)
MC
Instead of betting (wondering), why don't you call the IR Line and ask,
so far they have done everything that they said they would,
I normally place my bets where I see progress,
Just my opinion...
MC
The latest I heard was this update,
personally I think it's full of potential
and waiting to see what we get next.
MC
Drake Gold Resources (DKGR) Provides a Myers Lease Update
The previously announced 80 barrels of production was new production from reworked wells. All of this production was generated from those wells which were reworked and subsequently pumped with the oil being stored in our tank batteries installed around October, 2012.
Due to the inclement weather and our dirt road access to the well locations, the wells have not been pumped very much in the last few weeks even though we now have more than the previously reported 80 barrels of oil in our tank battery. In addition, we know that we have additional production in the well bores which will continue to be pumped in the coming weeks, weather permitting. These are stripper wells that are pumped on the most cost effective schedule based on the rate of flow in that specific well bore. Some of these wells can be pumped on a daily basis, while others will only produce both commercially and economically-viable amounts over a longer time interval, i.e. some will be pumped several times a week while others will only need to be pumped once or twice a week.
In the upcoming weeks, we will also be commenting on the title to the lease that we will be gaining. In fact, if all the oil was sold in our tank battery as of today, we will have title to the lease as per our agreement with the previous lease owner. However, due to the economies of scale, we are waiting for both tank batteries to be full before we get the oil hauled and subsequently sold.
Newb21, sent you a PM,
I think even if you do not have PM Privlages that
you still receive them?
MC
We may get a update or two but I would think
it will be a good 30-45 days before we get a lot of activity
in either lease / field because of the frozen weather there,
we really messed up by not keeping the original lease,
based on the PPS we were at and the momentum we had,
that would have put us oveer the top.,
MC
MY Guess is that DKGR will take off before it's sister JV
Partner SBxx does,
but in the end SBxx will become bigger than DKGR as they have more acres and wells, and possibly a bigger funding pool
I also heard that the original lease we had and blew a year ago has been producing since last Fall with something like 14 of the 17 wells in production and somewhere over 150 Barrels per month,
Just what I heard,
MC
Wipper,
I am waiting for those announcments too,
MC
Asher. Good news is we got Oil.
The other good news is we got more Oil
Coming
The other good news is the low PPS
That should change
Nice 7 m shares bought at the bell,
someone made out.
Well the funny thing is (if one still has the stomach to laugh)
before we had nothing but promises and a much higher PPS,
Now we have a asset and production coming into play and a future,
and a stinky PPS,
Go figure, laugh or what ever one can muster up.
It is what it is, will be what it will be and that's about all folks..
MC
Blow. I heard someone(s) from the SBRH board was going
I suggests they make it a open house for all Dkgr investors
Who could make it
Blowout..
Thanks for the post,
I hope for the best,
I don't know why we are here exactly,
I assume very few do,
I do know from time to time, I hear from
what seems to me to be very respectful people
who have kown Peter for years and they all say the same
in that Peter is a stand up guy.
MC
Asher, I actually think even the people on the board know it's
true, Why,
because the realize if it was not true the story would be much greater,
from what I understand they will finish up the Myers Lease by March and be working on the JV one next,
the dozen or so wells on Myers does not put us over the top of where we need to be, but it does get us a foundation / start / asset and is a great starting point...
Will Parker Launch us? Better question is will Parker Launch? And if so what and how does that help us, don't know, don't even want to speculate, just wait and see what happens,
MC
Parker?
Good question, have no idea,
hope it's not a bad investment that they made,
I believe what happens there is out of our control,
what Parker does, what it's going to do, when
it will or will not due it is one of lifes
mysteries as far as I know.
Right now it's like the commerical....
"What happens in Parker, stays in Parker"
bottom line, I just don't know, pretty much quit
thinking about it much.
MC
Ten day weather forecast for our proprety area.....
57 today with 100% chance of rain (raining there right now),
then 20-29 until Tues with Snow every day
warms up to 30 on Wed all the way to 37 next Fri
with more snow,
I found out what it's like to have cold,
got it here right here at home, but 67-73 over next 10 days,
so everything getting back to normal.
MC
Wipper,
As before, Peter did what he said he would do,
We have Oil (we already knew that),
we will own the leases next,be a JR. Oil Company,
we will be working on bringing up the JV Lease
and more.
With that said, what we are not hearing are any great
big promises of really big things that are just too
good to believe,
if it were just a P&D we would be hearing these great big
promises, but we're not, we're just slowly going in the right
direction, adding as we can afford and havng a real producing
asset, JV's and more producing assets
Botttom line in my opinion.....
The bottom is where it's at, the potential based
on what it can do and where it can go,
I think a investors delight much, much more
up side potential then down side,
I think a lot of us know that.
Cheers,
MC
That's why the PPS is so low, and the upside has
so much potential..
Let me try that link again., Sorry.
http://www.reuters.com/article/2012/11/12/us-iea-oil-report-idUSBRE8AB0IQ20121112
MC
I hope that is not correct,
So far we have received everything as advertised,
out of debt, financials, OTC / Pink Current,JV's, etc.
So bottom line he has delivered as promised,
if no assets come as advertised then you are
correct and I'm a real fool,
on the otherhand if they do come then I'm
looking better than great,
based on today, don't think either of us can
prove that point, but I'm sure we agree that the PPS
is terrible, unles one is a buyer, then it's great,
think that covers it,
MC
Real assets, Oil,
but I assume it would have to be sold and
recorded and the lease put into DKGR name
before claiming the asset?
Is that correct?
MC
Let's hope so.
They have a two day window with temps in high 50's
then back to cold, rain and snow for the rest of the week,
I would assume the climate there has slowed some things
down (as expected),
if it stays winter all spring and summer long,
then we could be in trouble.
MC