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DKGR NEWS!!!!!
Drake Gold Resources Inc. Announces 100% Acquisition of Pegasus Oil Well Services as the First Part of the Expansion Into Oil and Gas Development
Tuesday June 6, 8:30 am ET
CENTURY CITY, CA--(MARKET WIRE)--Jun 6, 2006 -- Drake Gold Resources Inc. (Other OTC:DKGR.PK - News) is pleased to announce the acquisition of Pegasus Well Services, scheduled to be completed within two weeks. Pegasus is a San Antonio-based company that services all of South Texas with a growing list of oil services. (http://www.pegasusoilwellservices.com)
ADVERTISEMENT
Estimations of revenues for 2006 will be released after evaluation is completed of audited financials and the operations. The acquisition will make Drake a profitable company. The acquisition is being done for all stock, which is restricted for 2 years
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 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.
With the addition of Pegasus, Drake 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.
This is in tune with its recently announced corporate strategy, which is partially outlined here:
"DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include diamond, gold, silver, copper and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico. DKGR also plans to capitalize on current and long-term trends in energy prices to operate in the petroleum and alternative energy markets."
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 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. Drake is in the process of completing the acquisition of Pegasus Oil Well Services. (http://www.pegasusoilwellservices.com) Announcements will be made as agreements are completed.
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.
The acquisition will
make Drake a profitable company. The acquisition is being done for all
stock, which is restricted for 2 years.
I love those two sentences!
Pred
Hey bashers...where are you?!?! happy now? Anyone notice the "The aquisition will make Drake a profitable company"....I did!
Drake Gold Resources Inc. Announces 100% Acquisition of Pegasus Oil Well Services as the First Part of the Expansion Into Oil and Gas Development
Tuesday June 6, 8:30 am ET
CENTURY CITY, CA--(MARKET WIRE)--Jun 6, 2006 -- Drake Gold Resources Inc. (Other OTC:DKGR.PK - News) is pleased to announce the acquisition of Pegasus Well Services, scheduled to be completed within two weeks. Pegasus is a San Antonio-based company that services all of South Texas with a growing list of oil services. (http://www.pegasusoilwellservices.com)
ADVERTISEMENT
Estimations of revenues for 2006 will be released after evaluation is completed of audited financials and the operations. The acquisition will make Drake a profitable company. The acquisition is being done for all stock, which is restricted for 2 years.
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 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.
With the addition of Pegasus, Drake 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.
This is in tune with its recently announced corporate strategy, which is partially outlined here:
"DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include diamond, gold, silver, copper and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico. DKGR also plans to capitalize on current and long-term trends in energy prices to operate in the petroleum and alternative energy markets."
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 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. Drake is in the process of completing the acquisition of Pegasus Oil Well Services. (http://www.pegasusoilwellservices.com) Announcements will be made as agreements are completed.
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
lots of credit coming from a name that has basher written all over it "subpennyradiosucks"
Cummon if you're gonna go out and bash at least make your name sound somewhat intelligent...
Lets see how well your credit is after this moves like hell...
BTW that vol today was to get out the .015 resistance sellers...Major cleanup today basically
GLTY (you're gonna need it)
Pred
i dont usually get streaming news on Ameritrade for Pinks...
I'm thinking things will start to heat up when Oil's and fuels start to go back up soon...give it a week or two...this news today was great surprised it didn't do more in all honesty.
IMO
Pred
The hurricane Waves, the DKGR waves, bring it on! LOL
Did anyone here read what i posted about Novak's featured companies not being P&Ds? give it more than just a few hours or a day for that matter...Zeroluv said tomorrow for PR, we'll see if that's true as there have been many misleading dates for PRs on this company but I have a feeling that this time we'll have a PR right around the corner, whether it's tomorrow or not, we shall not know...
Pred
FYI to all people looking to add shares, sit on bid this morning, Zeroluv and Stock_Analyzer are both recommending to sit on the bid this morning to collect some weak hand's shares, if that fails and it starts to move up, you might want to hit the ask!
GLTA
Pred
we are about to see a multi-bagger with DKGR IMO folks. Starts off tomorrow morning...chat rooms will be saying "DKGR WEEEEE" ROFL.
GLTA :)
Pred
Popcorn, I dont have Private messaging, I have still neglected to sign up for the "premium membership" but to track Novak's picks you have to go to www.NovakCapital.com and sign up for their newsletter w/ your e-mail, it'll be on the left hand side if you scroll down...they'll keep you updated on new picks and new PR's for their companies.
GLTY
Pred
yes all those picks are his (NovakCapital's), and sorry for being so rude, I figured you for a basher...oops lol...many people bash good things which really sets off my trigger to attack them lol...read Zeroluv's post, target for IR firm is at least .05, possibly .10 depending on how market turns and how Gold prices/gas prices react in the market...IMO
Pred
StockGods predict .15, anything's possible, but we'll see.
Popcorn, see post #2018 and actually check out the charts...after that, if you still think that Clayton's stocks are Pumps and Dumps, then you may want to get a cat scan...because there is something wrong ticking upstairs...
GLTY, hopefully this time you won't buy at the high and sell at the low...
Pred
Track record for Novak Capital...
cwpc 7.14 was under 2.00 6 months ago
trgd 0.45 was at .04 a lil more than 6 months ago (recent high .60)
PGDP current: 3.10 High: 4.22 was under 1.00 6 months ago
DWOG 2.15 was under 0.50 6 months ago
nmcx 0.0182 was under 0.005 6 months ago
TNOG is now beginning to go up again (after they hit water it was a bad downtrend, nothing Novak could do, but they made it run!)
DKGR closed at .0135 on friday...we'll see where we'll end up.
No offense to your friend, or his friend, or him for that matter, but if you end up losing money on these results posted above, there are some serious issues going on there and they might want to seek a new profession. People who buy high and sell low by jumping on the bandwagon too late are always bitter, and they hate to blame theirselves for making the bad mistake so they use the IR firm as a scapegoat...IMO of course .
And as far as Pumping and Dumping goes... I dont know about that, check the charts for the above stocks, they are nice uptrends and dont resemble P&D's at all, check charts for the stockster's picks, THOSE are pumps and dumps.
GLTA, I have a good feeling with this one (averaged in at .01 and ready to rock :)
Pred
Don't feel like explaining myself very much, but there will be reasons as to why this stock will be much more expensive to buy when you "wait for the truth" than if you buy or bought this stock already...One thing for sure, scroll up and look at SA's chart; that breakout is kinda purty
Pred
Ladies and Gents, I like this chart a lot...
Great find/analysis Jason!
Pred
LOL big supporter of DKGR right here...as you can tell
Awesome day, all "company structure" aside, I would buy this stock just based on the chart...wow how beautiful is that channel break!?!?!
And not to mention, we got a lot of possible PRs to be looking forward to!
IMO of course (ROFL)
GLTA
Pred
as soon as we can confirm a low here and move up we'll be drawing uptrend channel lines like it's going out of style! lol
Pred
well if they screwed your friend then that sux for him, his fault...if you feel like you'll lose your money, then get out of here, leave...BTW i've taken enough classes in psychology to be considered a major in the field, it doesn't take much for me to figure out a person...I can "DD" a personality in a few periods of communication...
And yes I can say the promo just started with a straight face, we were told that until the OLD MANAGEMENT was out, the Promo wouldn't start, now they ARE OUT and it has started, they released 2 PRs in the past two weeks so far, before that it was a while ago since we've seen PRs. Cummon man can you add? Look at all their other featured companies for which they do promos, they release PRs like it's their job (which it is).
March 05? wow that's real recent...I've dealt with beginning companies and yes they ALL start off in that setting, in some shady multi-suite setting, even extremely successful banks have started in those types of places with a SINGLE receptionist!
I find it amazing that you've stuck around this long if this company is "such a disaster." Move on and get a life; my DD is all from Novak, and go ahead and bash them, but look at their track record and slap yourself in the face; they JUST BEGAN the promo for DKGR, what do you expect a new PR every single day?
You've got a lotta balls (or just plain stupidity) by bashing this stock even after the promo just started and a PR could be coming at any second to make you look like a jackass.
I've already pointed out in my past posts as to why Novak wouldn't tout DKGR so much unless they actually had something...
Pred
P.S. It does bother me that you're here, I just dont understand people like you; it's almost beyond me that there are people out there that have virtually no life and have nothing better to do than bash. Move on and find a stock you can actually support and make money off it. Of course that might not be possible for you since you might be psychologically inept (certain factors might be blocking you from doing such things).
GLTY, I'm done arguing with you since I see some things just aren't working out for ya and i dont want to make your life any worse.
bottom line, you're a basher, probably part of the buy high sell low crowd that dont want to see this become successful; and that "ignorant statment" is a sarcastic one, I feel like many things pass over your head leading me to believe you aren't very bright.
IMO of course
OT: awww that hurts my feelings
lol that post sums it up...you're a tool, u need a girl in your life mate
OK time will tell...buddy
hey bud...where the "IMO" I dont see it...?
Have you dug through their mines and well yourself to verify that they have no gold or gas or oil or diamonds or copper or...or...If you have, then please post pics...until then it's fully your opinion and stop talkin like it's facts, I have friends that do that and they look stupid...
Pred
Dart..You should point out CMF...it's continually upticking while the stock falls...good sign IMO, shows possibility of MM manipulation, shows good accumulation...I see IPRE as a rubber band with a lot of tension and it's going to snap soon and send IPRE up up and away...
IMO
Pred
Hopefully sometime this week...Ken, tomorrow please! Cannes update tomorrow and i'll be happy.
LOL! A comedian! He's got jokes :)
There are a lot more college traders floating around here than you think ;)
I started trading stocks and becoming interested in them BECAUSE of a present just like the one you're giving that kid blur...I'm glad you chose winners (IPRE and BKMP) because it wasn't until after I saw my "gift shares" go up in value that I became really interested; this will probably be one of the best gifts he can ever receive in his lifetime, because I consider that one gift given to me one the most important gifts in my life.
Pred
I agree, wednesday's PR is signaling the beginning of the promotion for the company so we shall find out real soon! Looking for TRGD type promo...
GLTA
BTW FFF, do you make money in the market? If so it's usually at some other shareholder's expense...NICE! If you're such a kind hearted person that's concerned for the other, you should buy at top and sell at bottom; I dont think anyone would stop you there.
LOL yup, that is EXACTLY what I'm saying! And yes it is nice.
HAHA sorry I couldn't help myself, I saw the opportunity for that comment and I thought it was funny as hell...just had to post it...no offense to you.
OK naysayers, those who call out "scams" because you want to save us all! If you know anything about anything and how NovakCapital works, this is the BEGINNING OF A PROMOTION. This is what everyone who owns stock has been waiting for, so of course basher come out because this will start to move.
Wait and see what happens over the next couple of weeks, we will start to see concrete numbers and real info. And by the way, Wednesday seems to be their favorite day for PRs based on the other companies they feature and today.
BTW today's "BIG BUYS at EOD" weren't buys, they were crosses (planned transferring of stock from one place to another).
All IMO...(go ahead call me a pumper and call this a scam so when it moves people will blow you bashers off in the future, sorry that you are so sore about the past of this stock, eventhough it's up 600% since Novak gave it to us)
Pred
NEWS IS HUGE, if you guys didn't know this is terrific damn news....glad I added down here today...not nearly as much as I wanted to or should have though
GLTA!!
Pred
or MAYBE they want to get their name out as a powerhouse IR firm! What sense would it make to go out and make as many microcap investors invest in a failing company? Why would they do that? So they would have no investor following in the future? They're future is based on results and if they were pumping to cover a failing company then they are setting themselves up for failure, I believe that they didn't create a track record such as the one previously posted just to ruin it with DKGR...and the one you picked...the random one, even though it retraced, it's still up a buttload since it started with NovakCapital! SHEESH
I'm asking you for just a second, THINK! Is it that hard? ANALYZE! God gave you a brain, use it!
I'm done arguing with you because your past post is just beyond me...makes no sense what so ever from a common sense POV; i'm not too sure what POV you're using but best of luck to you!
Pred
My analysis from just looking at Novak is that Novak seems very excited about DKGR and I barely heard a peep about TRGD from them and TRGD is up a buttload...that's my gauge for DKGR right now...
To da moooooon! :)
you're aweful at lying, you chose the worst example out of all those to put up, lol "your first one" it was in the middle somewhere there and uh yea you picked that one to look up, the ONLY one...he posted their highs saying what could've been and lets face it; people here on IHUB on shorterm traders, not "investors" so I doubt anyone is looking to hold these suckers 6 months are trying to find the top...longest most people hold is probably 3 months....as shown as the recent selloff from people tired of holding on longer than a month...
Have a nice dayyy
Pred
Great gains today, congrats to all who added in the .008-.009 region (pats self on back)...Great momentum to PR in, dontcha guys think?
I'm thinking Novak is thinking the same thing...we'll see what Tomorrow brings...
Pred