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YES, I have been on this since it was just in the low 05's again this one will go only has 3.5 million shares in the float so nice and tight, the technology for the wind business will replace those eye sore three propeller monsters, this new technology can be placed almost anywhere, none of the elevator, brakes, no lubricants to catch fire, this is a dream machine
Cleaning out nicely, all the flippers should be out in a few more trades
Looks good, cleaning out, all the volume previous at .0001 is coming out at the .0002 once this has transpired its a go from here
We all want Peter to be a success, that is why their partner OTC "NWPN" which has moved from .0005 to now .24 cents hopefully will guide DKGR to a new prospect to Harness The Wind with the new technology which will replace the three propeller out there.
What I hear now is a new web site with the group under www.exopower.net this new revolutionary technology will take over the wind business
I notice someone asked why all the address are the same-DKGR-XNRG-NWPN I have found out why, Peter has found a place where the place is close to the airport, has board room, offices, telephone service,and anyone flying in from an outside area can meet Board Members right there than driving many milkes into a city area for a meeting.
Also, The Now Corporation has a deal with Drake Gold, not XNRG as yet, NWPN is moving forward in the Wind Business with a brand new technology replacing the standard three propeller eye sore in most counties.
I have heard the management has asked Drake to participate and has extended an arm to XNRG to be associated with this new technology as this should make the three propeller standard obsolete and can produce a revenue base better than an oil well can per day.
So this 800,000 share short position, does anyone know if they have to cover this position?
The partner in the Drake wells OTC-NWPN is also moving into a new wind turbine business and is pushing Drake to do the same.
This technology will take over the entire three propeller type standard wind machines, this new concept has no lubricants, no wiring, no braking system to allow the turbines to spin as fast as they can, won't kill birds and especially the eagles, won't catch fire, or blow up like you see those huge ones do.
Just read on their web site www.thenowcorporation.net they have exchanged their lease to another lease which gives this company a net revenue from production of wells already in production, more info to come, also looking into gold and the wind turbine business, looks like this company is moving forward.
The oil play in Pennsylvania with Drake Gold and The Now Corp "NWPN" will these wells still be drilled or will the new management move away from the oil part
We are sure if anyone can find dirt on anyone it will be you
Now Drake has SREH, NWPN, EGOH, SBRH all in their camp now, good to see Parker finally might have a partner working with them, DKGR has been waiting a long time for this.
The way peter has turned the SBRH around and will see more there, the next move will be our Drake Gold to new highs
This company of course if you went to the web site www.thenowcorporation.net has completed a deal with Drake Gold "DKGR" to rework their 146 wells in Venago County Pennsylvania, the cost I hear is from $3.000 to $10,000 per well, after doing "DD" the company wants to pay out $120,000 ASAP and get 12 wells up and producing and then the production will pay for the new reworks every month until the entire 146 wells are completed over a three year period, R O I $9.3 million dollars revenue, see the financial page on their web site.
Also, I am told the company has a street float of 5 million shares, most of these are under option so the rel float is under 1 million, maybe this is why the stock is .15 cents, looks to me the stock could run to old highs.
Here are the estimates with Drake Gold and "NWPN" for the 146 wells to be reworked thought everyone needs to see the kind on revenue possible here.
The Now Corporation Evaluation of Lease with Drake Gold Resources Inc. dated 8 May 2013
For 146 wells on 559 acres referred to as the Rensma lease
Purpose: Evaluate the value and cost of lease
Source: Lease Agreement, production studies of other companies in area
Scope: Schedule results using the terms of the lease and the following assumptions
Lease Terms:
1. Company's net revenue interest (NRI) in lease is 87.5% of the gross production of 147 wells.
2. Company obligated to pay 50% of its NRI to seller until $130,783 is paid whereupon title for lease is passed to Company.
3. Company is obligated to invest the other 50% of its NRI into the rework of wells until all are reworked.
4. Company is obligated to pay seller 12.5% of its NRI for a period of three (3) years after the original $130,783 is paid.
5. Company is obligated to rework a minimum of two (2) wells per month, weather permitting.
6. Seller will receive a pro-rated interest in wells based on the proportion of the seller's investment in rework.
Assumptions:
1. Estimated cost to rework a well is $10,000.
2. Company will rework twelve (12) well is 1st month of operations.
3. Each reworked well will product one (1) barrel (bbl) of oil per day.
4. Sales price of oil estimated at $80 per bbl.
5. Company will reinvest all available NRI into the rework of the wells.
6. No rework will take place in the months of December thru March
Conclusion:
1. The estimated total purchase cost of the lease is $1,272,002.
2. Total estimated cost of rework is $1,470,000
3. Total estimated revenue to Company until all lease obligations are paid (approximately 4 years) is $9,384,900
4. Estimated value of gross production until all lease obligations are paid is $10,725,600
5. Estimated gross production of lease when fully developed is $4,233,600 per year.
Total
Wells in Wells Well Net Rework Plan Revenue
Production Reworked Balance at Gross Revenue Cost of Lease Available Accum. to
Month for Month in Month Month End BOPM Revenue Interest Monthly Balance Lease Monthly Avail Investment Balance Company
(a) (b) (c) (d) (e) (f) (g) (h) (h1) (i) (j) (k) (l) (m)
Beginning Balance - - - - $- $- $- $130,783 $- $- $- $- $- $-
Oct-13 - 12 12 - - - - 130,783 - - - 120,000 - -
Nov-13 12 1 13 360 28,800 25,200 12,600 118,183 - 12,600 12,600 10,000 2,600 25,200
Dec-13 13 - 13 390 31,200 27,300 13,650 104,533 - 13,650 16,250 - 16,250 52,500
Jan-14 13 - 13 390 31,200 27,300 13,650 90,883 - 13,650 29,900 - 29,900 79,800
Feb-14 13 - 13 390 31,200 27,300 13,650 77,233 - 13,650 43,550 - 43,550 107,100
Mar-14 13 - 13 390 31,200 27,300 13,650 63,583 - 13,650 57,200 - 57,200 134,400
Apr-14 13 7 20 390 31,200 27,300 13,650 49,933 - 13,650 70,850 70,000 850 161,700
May-14 20 2 22 600 48,000 42,000 21,000 28,933 - 21,000 21,850 20,000 1,850 203,700
Jun-14 22 2 24 660 52,800 46,200 23,683 5,250 - 22,517 24,367 20,000 4,367 249,900
Jul-14 24 4 28 720 57,600 50,400 5,250 - 5,644 39,506 43,873 40,000 3,873 300,300
Aug-14 28 5 33 840 67,200 58,800 - 7,350 51,450 55,323 50,000 5,323 359,100
Sep-14 33 6 39 990 79,200 69,300 - 8,663 60,638 65,961 60,000 5,961 428,400
Oct-14 39 7 46 1,170 93,600 81,900 - 10,238 71,663 77,623 70,000 7,623 510,300
Nov-14 46 9 55 1,380 110,400 96,600 - 12,075 84,525 92,148 90,000 2,148 606,900
Dec-14 55 - 55 1,650 132,000 115,500 - 14,438 101,063 103,211 103,211 722,400
Jan-15 55 - 55 1,650 132,000 115,500 - 14,438 101,063 204,273 204,273 837,900
Feb-15 55 - 55 1,650 132,000 115,500 - 14,438 101,063 305,336 305,336 953,400
Mar-15 55 - 55 1,650 132,000 115,500 - 14,438 101,063 406,398 406,398 1,068,900
Apr-15 55 50 105 1,650 132,000 115,500 - 14,438 101,063 507,461 500,000 7,461 1,184,400
May-15 105 20 125 3,150 252,000 220,500 - 27,563 192,938 200,398 200,000 398 1,404,900
Jun-15 125 22 147 3,750 300,000 262,500 - 32,813 229,688 230,086 220,000 10,086 1,667,400
Jul-15 147 - 147 4,410 352,800 308,700 - 38,588 270,113 280,198 - 280,198 1,976,100
2nd year payments 4,233,600 3,704,400 - 463,050 3,241,350 3,521,548 3,521,548 5,680,500
3rd year payments 4,233,600 3,704,400 - 463,050 3,241,350 6,762,898 6,762,898 9,384,900
Total production of lease for period 28,230 $10,725,600
Company net revenue interest for period $9,384,900
130,783 1,141,219
Estimated cost for the purchase of the lease. $1,272,002
Total Investment in rework $1,470,000
Reference
(a) Number of wells in full production for the month.
(b) Number of wells reworked at $10,000 per well during the month. Initial 12 wells to be reworked using $120,000 raised by Company.
(c) Wells in production at month end. (Column (a) + (b))
(d) Number of barrels (bbl) of oil produced during a month (BOPM) at the rate of 1 bbl per well per day for 30 days. (column (a) x 30)
(e) Gross revenue of wells in production calculated at $80 per barrel. (Column (d) x $80)
(f) Company's net revenue interest of 87.5% of gross revenue. (Column (e) x 87.5%)
(g) Contractual percentage (50%) of Company's net revenue interest to apply to lease purchase price of $130,783. (Column (f) x 50%)
(h) Outstanding running balance of lease purchase price. (Column (h) - (g))
(h1) Company's obligation to pay 12.5% of its working interest to seller for three years after completion of $130,783 payout.
(i) Amount of monthly net revenue interest available for rework. (Net revenue interest less lease payments or (Column (f) - (g))
(j) Balance of net revenue interest available for rework. (Column (i) + previous month balance column (l))
(k) Investments into rework for the month at $10,000 per well.
(l) Balance of net revenue interest available for rework. (Column (i) - (k))
(m) Accumulated net revenue interest.
The partner on the lease Rensma, the OTC "NWPN" is up 10 cents today, maybe they are getting ready to drill the lease with Drake
I see the regular four horsemen continue to live in a world six years ago, there is no selling any shares by the insiders, and for the record we have seen two records posted to prove there was oil sold from the Drake Wells, and much more to come.
The XNRG field beside the Rensma Lease which is going to be reworked by "NWPN" has now confirmed in the news XNRG is looking to see 1000 Barrels of oil in the first year at the estimated low range here, test could prove a much larger producing well.
When the "NWPN" starts their program, is a split with Drake, the goal 146 BOPD out of this lease next to XNRG and the news confirms oil in the fields, that is the good news, crying about 6 years ago is not.
Just need to get the news on the XNRG oil production figuers as this lease is next to the Rensma lease owned together now by OTC-NWPN and the Drake, 146 wells to be reworked , nice if the lease next door hits big, will bring in many new buyers
It seems to me the new find with XNRG is next door to the Rensma lease owned by Drake and JV by "NWPN"
It was easy, did some research, I found Clayton, talked with him, listened to his side, he does state it is time for him to contact IHUB and have these stories that have no proof removed from the board and to go after those whom continue to post without any supporting documents, I told him I totally agree and have always professed on this board to call someone a crook, a scam artist, without proof is just looking for a lawsuit, and I have also discussed this with Peter he also go after anyone whom uses these words or accusations.
I this board is to continue and allow such words as SCAM, Crook, and other remarks without proof to the monitors then I suggest we as others should be allowed to attack anyone and all with the same words.
It is my understanding there are posters here whom were past directors of Drake Gold making comments here, or employees and it seems to me your grievance is not for this board it is for a court room, sue Drake if you have proof, documents, IMHO
As always the comments come from no evidence at all only from anger you did not get out in the last run when the stock was up or ego won't allow your to let go and continue to make statements with no proof other then these stories that are so old about Clayton. Clayton has been gone for a long time now but we keep hearing his name like an old song.
Peter took this from a disaster and the company has reworked wells, has cash from oil, has JV partners which have agreed to rework another 206 wells, in my books at this rate at one barrel of oil each well would be 206 BOPD in the near future, this makes this company a prospect to buy at these levels, IMHO
As I have stated this company is producing, now we need is to have the partners OTC- NWPN, EGOH, SBRH, start working on the reworks and this company will be receiving a cheque on 282 BOPD which is 8400 BOPM at a split with the JV's Drake should have a future revenue of $300,000 per month, lets get these JV partners working their interests.
I must admit looking at the web site of Xun is a refreshing start from all the other Pink Sheet companies out there whom profess to be doing the work and here is a management who actual has videos of the actual drill site, drill drilling, showing all stages and progress, maybe the whole lot here have been spooned fed too long and cannot see how well the information is put together.
Greed will provide all kinds of talk
Investors have caught on with new info coming from XUN ENERGY in the RICE lease drilled down 1000 ft three showings of oil, close to the RENSMA Lease with the 146 wells OTC- "NWPN" will rework soon, with NWPN to rework 146 wells, EGOH has 60 wells to rework and drill, SBRH has 40 wells to rework, DKGR already has oil in the Myers Lease with 10 wells totals a whopping 246 wells DKGR will have an interest in for no cost, all cash flow.
If all we want is to blame the previous, then it seems to me all would be on the map, what about someone called Tez Connor I heard he is just as bad as Clay
No it is not
As I said, EGOH ready to produce pictures of the wells they will be reworking with DKGR is around 60 wells, NWPN is going to do 146, so that will be 206 wells, and then I hear over on the Rice Lease with XUN Energy which has just drilled down 1,000 ft close to NWPN Rensma lease two good oil showings, looks like there is more oil in them hills boys
So you then have acknowledged the company did sell oil, but you wish to see this revenue stream shown in a financial statement, good, that makes sense, it is when I read these statements like , liars, scam artist, all I want to see is a back up from statements like this with proof, emotion is one thing, proof is another.
What I understand the water problem slowed down the oil production over the last four and half months, I agree this should have been in news or updates on a monthly basis, but his alone does not make it a scam.
make sense, explain
So, you can actually prove to me the American Refinery statement they put up on their site stated they sold the oil is false, you can do this, if you can lets go together to the SEC and report this.
I guess you did not see the American Refinery statement when Drake sold the first 155 barrels of oil at $96.00 per barrel, I have a copy of this
DKGR- now has JV's - OTC- NWPN- EGOH- SBRH, and there will be more to rework the entire 282 wells and at the end of this DKGR will be cash flow of possible one barrel of oil per well, which would be 282 BOPD, not bad for a .0002
is this on the Pennsylvania oil play
Is this moving up on the oil play in Pennsylvania
Non-trading firm formed (and often listed on a stock exchange) as a vehicle to (1) raise funds before starting operations, (2) attempt a takeover, (3) for going public, or (4) as a front for an illegal business. See also shelf company.
Every public company must indicate on the front cover of every quarterly and annual report it files with the SEC whether the company is a shell. Essentially, this is stating the status of the company - whether the company is a nominal assets or operations company. Determining the company status as a shell is important because it establishes the procedure and guidelines the company will subsequently have to follow. Typically, the procedure and guidelines are tougher on zero operation companies than structurally and profitably sound ones. Therefore, most companies will try to avoid being classified as a shell company.
What I need to know, when I read the new financial information the company states they have no assets, therefore does that not make this company a SHELL STATUS COMPANY, does anyone know, caqn anyone find out from MGT, because if it is a shell the people with restricted shares cannot get their shares released under rule 144 until the company comes out of SHELL STATUS,that can take a year after filing a FORM 10.
We are going to need an area map of this area, Venango County with all the prospects going on here now, over five companies we know of all to work the wells and the area around with drilling going after the deeper zones should be very positive here for Drake
News out on OTC-NWPN signed with Drake to do the Rensma Lease 146 wells to be reworked.