Bakken Resources (fka BKKN)

[roger wilco]

10K annual report 2016 has been published on Edgar

https://www.sec.gov/Archives/edgar/data/1450390/000120677417001898/bakken3260491-10k.htm

Satisfaction of our cash obligations for the next 12 months

The Company’s long-term strategic plan and associated financial projections show that the Company expects to fund our current operating plans internally. However, since our plan is heavily reliant upon new mineral asset acquisition, the use of outside funding or joint ventures may be imperative to fund critical asset acquisition.

Since inception, we have primarily financed cash flow requirements through debt financing and issuance of common stock for cash and services. As and if we expand operational activities, we may continue to experience net negative cash flows from operations, pending receipt of sales or development fees, and may be required to obtain additional financing to fund operations through common stock offerings and debt borrowings to the extent necessary to provide working capital.

Over the next twelve months we believe that existing capital and anticipated funds from operations will be sufficient to sustain current operations. We may seek additional capital in the future to fund growth and expansion through additional equity or debt financing or credit facilities. No assurance can be made that such financing would be available, and if available it may take either the form of debt or equity. In either case, the financing could have a negative impact on our financial condition and our stockholders.

We anticipate the next six months will continue to show net operating losses. This is due to the combination of low, but rebounding unit prices, and continuing costs attributed to frivolous litigation and investigation costs. We have information that an additional eighteen (18) wells are either in production or are in confidential status. Although we believe that income from our wells will likely reduce or eliminate operating losses in the near future, we have no control over the timing of when we will receive such royalty payments. In addition, there can give no assurance that we will be successful in addressing operational risks as previously identified under the "Risk Factors" section, and the failure to do so can have a material adverse effect on our business prospects, financial condition and results of operations.