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USXP** L@@K OUT!!!!! Gonaa BLOW SOON!buys comin in
USXP looks ready , holding bottom very nicelly and indicators pointing north
Next Pick : USXP=been holding bottom very nicely and Chart looks set. This is my pick for this week. In the past, when USXP gets going, it really gets going. Very good potential profit here when she goes.
Monday, July 10 2006 12:01 PM, EST
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Drake Gold Resources Inc. Announces Completion of the 100% Acquisition of Pegasus Oil Well Services with Projected Reve
CENTURY CITY, CALIFORNIA -- (MARKET WIRE) -- 07/10/06 -- Drake Gold Resources, Inc. (PINK SHEETS: DKGR) is pleased to announce the 100% acquisition of Pegasus Cementers Inc. D.B.A. Pegasus Oil Well Services which is projected to do up to $2,300,000 USD of revenues for 2006.
The projections are based on the current contracts and the expansion model with Drake Gold over the next 6 months and will increase as new contracts are signed for Pegasus Oil Well Services (POWS). Drake Gold plans to purchase and develop 4 cementers, 1-2 fracturing units and one coiled tubing unit to fulfill existing contracts and new business. Drake also has plans to manufacture or purchase drilling rigs as Drake Oil starts to expand into the purchase of new leases and the development of those leases.
Pegasus is a San Antonio based company that services all of South Texas with a growing list of services. Most up to date information will be on the website. (http://www.pegasusoilwellservices.com) Drake Gold plans to expand both to Midland Texas and North Texas with the oil well services. The known petroleum deposits of Texas--about 8 billion barrels--make up approximately one-third of the known U. S. supply. The size of the market for oil well services is massive to say the least and Drake Gold plans to capitalize on it to the fullest.
The acquisition is for all restricted stock which is restricted for over 2 years. The purchase price for Pegasus Oil Well Services is $1.8 M and will be paid in 4 restricted stock payments between now and the end of the year.
Thomas Gouger IV, Drake Gold's subsidiaries president and operator commented on the acquisition, "This is a great day for Pegasus Oil Well Services to be allied with an emerging company like Drake Gold, we are very excited about our new parent company and our plans to further grow together!"
As previously mentioned,
"The company plans to expand operations to include complete well services for wells above 10,000 ft. in depth including acidization treatments, cementing, and drilling operations. Pegasus is a growing service provider specializing in cementing for shallow oil, gas, and water wells in the South Texas area.
The company began operations in November of 2001 with the first several months being devoted to training personnel, acquiring, and modifying needed equipment. The company became more active over the first 3 years solidifying its foundation in 2004. Operating with only one cementing unit, its sales for 2005 exceeded $600,000 over a shortened year due to a mechanical rebuild of its main unit.
The company plans on adding additional cementing units, hydraulic fracturing units, drilling rigs, and other needed services, with the intent of becoming a one-stop shop for the oil business. With the growing demand for oil and gas operations in the Texas arena revenues are expected to continue to rise.
For Drake, the addition of a full service oil well company will make the advancements into oil and gas development hastened and is lowering capital needed to begin operations. The market today makes it very difficult to schedule equipment needed to perform these services so having them in-house gives Drake the ability to move consistently from project to project without any delays while minimizing risk.
Furthermore, Drake has already made a series of advancements into acquiring oil and gas leases, projects and potential joint ventures to build its portfolio of petroleum operations. The current acquisition and connections already within the industry have located prime targets in South Texas, the Barnett Shale in Texas, California and Louisiana. With the new service division it makes it very easy to obtain projects for low costs and entice current operators to entertain joint ventures.
The Drake team believes acquiring Pegasus Well Services is a step in the right direction -- it minimizes the risk of oil and gas exploration while building solid well-margined cash flows."
Current and future shareholders are encouraged to sign up for email updates. The new Company website provides current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at http://www.drakegold.com.
Shareholder inquiries and suggestions are welcome and should be directed to the Drake Gold, Investor Relations Team at (toll free) 1-888-601-9983, internationally at 1-503-618-0370, or via email at info@novakcapital.com.
About Drake Gold Resources, Inc.
Drake Gold Resources, Inc. (http://www.drakegold.com) is an early-stage mining and energy company that focuses on the exploration and production of precious metals, diamonds and energy, such as petroleum and coal. Several projects have been identified through Thunder Gulch Resources, Ltd. and its resources in North America. Recently the company acquired oil well service provider Pegasus Oil Well Services, an established company in the South Texas Area since 2001. http://www.pegasusoilwellservices.com).
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contacts: Drake Gold Resources, Inc. Investor Relations Hotline Domestic: 1-888-601-9983 or International: (503) 618-0370 info@novakcapital.com http://www.drakegold.com
yeah he pumps, but whats it to you? were in the pinkies, it happens all the time
hmmmmm, whats the matter, you seem to try and bash DKGR at every opportunity, get a life
**DKGR= Big PR blitz starting this week!!!.05 + easy and with the announcement and aquisition of Pegasus along with their
revenue estimates coming, DKGR will make a huge run over the next few weeks. The company is in all the right sectors and with their gold announcements coming, this will be the hot topic very soon. GOLD coming back HUGE and OIL is breaking record prices!!Imagine the interest in this company when they release there gas and oil leases along with the finalization of the complete aquisition of Pegasus!! KABOOOOOM
tis da week for DKGR!! HUGE things coming
I agree on ADNL: Looks set for a run and is totally undervalued= good play for the next week
ALERT: DKGR PR coming!!!! eod run
If we don't get the PR today within the next 22 minutes, i will never trust a word Clayton says again...... i was told today and if what he said to me was a lie then i'm not tolerating his crap again
L@@K<---For those scrambling with impatience in their pants on DKGR, I was just assured by the IR (Novak Captial or CLAYTON)that "TODAY IS THE DAY". On monday he told me that today would be the day and he is sticking with it. You all know what i mean by today being the day also and the IR can't tell anyone when and what a PR will be b/c it is illegal, so the top secret morris code language has to be substituted.
PR today! but shhhhhhhhhhhh don't tell anyone, it will kill the surprise.
SMMW: Dan Burguss is playing all of you right now, just check out the ALLStocks.com bullutin board miro penny stocks under the thread SMMW: time to shine. Someone who has been following the so called buyback has posted very suspect numbers about what is really happening with the share structure. I am staying away from SMMW for a couple more months because i dont think anything will happen since the share count is still around 70 billion and the tradable float seems to be increasing. The insiders seem to be making the money on the expense of the common shareholder right now. Why would the insiders want to sell their restricted shares if the company is supposively trying to increase the pps? This is just a thought for you guys and i just wanted to give you another perspective. Hopefully you will be rewarded regardless of what is happening with the share structure. GL
Agree, ADNL KABooMagE verrrrrry soon!
ADNL Launch Coming!! KABOOOOOOOOM
Notice the BB= Bollinger Bands on DKGR and how they came together in the past few days. With them tight like that and if we hold about the 20 ma, technically, we are in great shape and in a great setup position for a breakout. Need to hold the 20 ma though.
go ahead and add mine to that list: 300k @ .009
L@@K out for DKGR<< things are brewing behind the scenes<<< big move coming
L@@K out for DKGR<< things are brewing behind the scenes<<< big move coming
Clayton just told me the EBLAST campaign starts tomorrow. From what i saw, it entails a business description highlighting DKGR's strategy into precious minerals, oil and gas, diamonds, oil and gas services, etc... It includes a current up-to-date corporate share structure with only 250 million float. The company has no long term debt or warrents. It shows a one month chart, and i would say that it is not a pump and dump looking promotion at all which means that it will attract more investors rather than daytraders or speculators. "STARTS TOMORROW FOR SURE THIS TIME" Clayton (Novak Captial)
DKGR EOD powerhouse, HUGE news coming! Company is also going to do a EBLAST which is a email campaign that advertises there stock and it will send the Price per share through the roof!! I was assured the company WILL NOT dump any shares or dilute it whatsoever. Quite the contrary, the company is actually buying shares and they have been buying all day today (HUGE!!) Financial institutions are looking to take a position in DKGR as well!!!!!! Can You Say Kaboooooooooooooooooooooooooooooom
Agree, DKGR is gonna pop EOD here$$$
DKGR 1 left @ .014, LOOKING GOOD!!
PLNI gonna bounce hard off of .0025 bottom. I called pink sheets and they said PLNI should be back to regular quotation by the end of this week!!!! Thats huge. Along with the HUGE revenue increase last quarter and the Stock Buyback and restructuring that is to be released anyday now, PLNI should EXPLODE!
ADNL good entry point here
ADNL is looking good and b/a is getting thinner
BKMP gonna BLOW!!!
I guarantee you next week, you will see the PPS go upwards for a couple days. Novak is doing a big email promo to hundreds of thousands of people in which a small % of those people will actually bite and buy into this stock driving up the pps. All starts Monday. No pump and Dump like a few others that you see out there with the email promos, i was guaranteed it would not happen by the company or Novak.
BKMP=Big News coming..... you heard it here
Zero, I totally agree with you.I have been in DKGR since the change over and i am all ears to hearing constructive conversation about relavent issues concerning DKGR, but you are right about Drake being a NEW company with the OLD management out and NEW managment in. I think you're spot on backing up that analogy and explaining when and what is appropriate for this particular situation. I'm tired of seeing all these differently worded, yet repeated nonsense posts over and over in attempt to bash this stock and drive down the PPS. Again, are you bashers sick in the head or something? What worth is it to you to reiterate the irrelavent info and mindless yammering that is no longer linked or considered apart of DKGR? If you lost money on this before and are jealous of those making money off of this, grow up, take your licks, and move on. Are the bashers here just so determined that they sit in their underwear all day in front of the computer ready to attack anything positive that may come out of the DKGR story? Please, spare me. This is the Pink Sheets, of course there are questions that need answering, but on this particular stock, the PR's tell you what to expect in the future and a lot of the questions are directed to something that relates to the future in which nobody knows yet, except maybe the company and IR. Again, i want to inform you all that most pink sheet companies have more holes than a block of swiss cheese.....so don't bother with pondering these questions all day,everyday, until it moves to the OTC:BB market and starts to prove through paperwork that it is legit.Until then, play it to make mucho dinero instead of a stock that you put your life savings into and you expect a to have a safe, secure, investment.
P.S.=Zero, i've been reading your posts that you put out to defend this company and yourself, and from what i can read, it looks like you got it together Chief, i'm impressed.
BKMP-Gonna BLOWWWW!
BKMP wants to go....KABOOOOOOOM
DKGR on ALERT, ready to BLOW after news today!!!!
I just talked to Novak (Clayton the ir guy) and he said that they printed an error, the correction should be out any minute with the right news..
**DKGR** POWER Alert!!! Check L2! 4x1
*** DKGR *** on ALERT
to many shares? ummm, not really buddy. Its float isnt exactly 50 million, but it is definately not in the range of too many shares either. (DKGR)
Why would Pegasus except DKGR's buyout offer and allow DKGR to aquire them if they thought they had nothing or no value to offer? It is obvious that DKGR has something cooking behind the scenes that attracted Pegasus. You will soon find out why. I'm sure DKGR has aquired valuable properties and leases that will benefit Pegasus along with other things soon to be established and made public. Again, this is a pinky and its all speculation, so why bother questioning what we all know is a big question in itself. All pinks are like this except those companies who make it and eventually move to a higher exchange. People know the risks and are placing their money on the question in that:is DKGR gonna make it in pinky land through all the loop holes, bad rep., non-SEC monitorization and lack of money and financing to be successful and eventually become profitable by being the best in effectively utilizing the resources available and by attacking the hot market sectors which are in the midst of booming and creating wealth for all who invest in it (where the money is). I think DKGR might actually become one of those successful companies that make it in pinky town based on what i am told is to come, Pegasus putting there faith in DKGR and what they will be able to offer, and Novaks track record including the recent Tara Gold TRGD. DKGR is being promoted the most and advertised the most out of all of Novak's entire history of profilied stocks and if you think for one second that he is gonna blow it and ruin his career and reputation on it, your dead wrong. It is ok and totally common to question and doubt pinks, but the last PR about the aquisition of Pegasus has been overlooked in that it was a bigger move than we think. When it is realized to the fullest capacity by other investors and when other PR's come out to make DKGR look even more attractive, this should explode. We shall see....
Why would Pegasus except DKGR's buyout offer and allow DKGR to aquire them if they thought they had nothing or no value to offer? It is obvious that DKGR has something cooking behind the scenes that attracted Pegasus. You will soon find out why. I'm sure DKGR has aquired valuable properties and leases that will benefit Pegasus along with other things soon to be established and made public. Again, this is a pinky and its all speculation, so why bother questioning what we all know is a big question in itself. All pinks are like this except those companies who make it and eventually move to a higher exchange. People know the risks and are placing their money on the question in that:is DKGR gonna make it in pinky land through all the loop holes, bad rep., non-SEC monitorization and lack of money and financing to be successful and eventually become profitable by being the best in effectively utilizing the resources available and by attacking the hot market sectors which are in the midst of booming and creating wealth for all who invest in it (where the money is). I think DKGR might actually become one of those successful companies that make it in pinky town based on what i am told is to come, Pegasus putting there faith in DKGR and what they will be able to offer, and Novaks track record including the recent Tara Gold TRGD. DKGR is being promoted the most and advertised the most out of all of Novak's entire history of profilied stocks and if you think for one second that he is gonna blow it and ruin his career and reputation on it, your dead wrong. It is ok and totally common to question and doubt pinks, but the last PR about the aquisition of Pegasus has been overlooked in that it was a bigger move than we think. When it is realized to the fullest capacity by other investors and when other PR's come out to make DKGR look even more attractive, this should explode. We shall see....
DKGR Level 2 looking very very good here!! Check out all the buys on this baby today. Consolidation is over as there have been higher lows every day. This should breakout EOD today and be a HUGE player next week with Extremely BIG news coming as well!! HERE we GOOOO ! WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEe