Bakken Energy Corp. (BKEN)

[TheGuy87]

**HERES YOUR DD BUYER BEWARE**

This company owns nothing in the bakken oilfield.. in fact their subsidiary doesnt even have wells that produce as theyve been dry since 2017..

http://www.drillingedge.com/utah/operators?page=1

Alberta Gas Company Utah 0 BBLs 0 MCF Feb 1999 - Jun 2017

NO PRODUCTION SINCE 2017

http://www.drillingedge.com/north-dakota/operators?page=1

Non existent in North Dakota


They purchased 7 leases in the uintah in UT with their subsidiary Nations oil and gas LLC... looks like price spiked and then had a massive sell off. The leases are all 40 years old... they likely produce 5bbl a day if lucky and probably 5 MCF/day at this point.

I have a hard time believing this is anything more than a pump and dump with all this RM talk running around.. old press releases below.. all operating companies are non existent...

LAS VEGAS, Sept. 2, 2014 /PRNewswire/ - Bakken Energy Corp formerly Orofino Gold Corp. ( OTC: ORFG) is pleased to announce that approval has been received for its new name, Bakken Energy Corp., and has been assigned a new stock Symbol. The new stock symbol will be BKEN. The new stock symbol will take effect on September 3, 2014.

The Company has also received approval for the company's restricted stock dividend, with FINRA having announced the dividend on their website last week. Shareholders who are eligible can now receive their dividend at Island Stock Transfer Agent.

Michael James CEO of Bakken stated, "We are pleased that FINRA has accepted our new name, Stock Dividend and symbol change to BKEN. We would like to thank all of our shareholders for their patience regarding these administrative actions. Now that this is completed we can focus all of our attention to new acquisitions for the company."

The restricted stock dividend is paid in the following manner. For every 10 shares that a shareholder owns of ORFG they will be paid 1 additional share of restricted stock of ORFG. Each shareholder had to hold their shares, or buy shares of ORFG stock on or before the shareholder of record date of April 15, 2014 to be eligible to receive their dividend. Shareholders of record as of April 15, 2014 are entitled to receive the dividend shares.

To pick up your dividend please call Island Stock Transfer. There will be a $100.00 processing fee to Island Stock Transfer for certificate and for courier service to deliver the dividend stock. The transfer Agent will have a list of all shareholders who are eligible and the amount of stock they are to receive.

Island Stock Transfer Agent
15500 Roosevelt Boulevard
Suite 301
Clearwater, FL 33760
727-289-0010
http://www.islandstocktransfer.com



LAS VEGAS, March 26, 2014 /PRNewswire/ - Orofino Gold Corp. (pink otc:ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the Company's majority owned subsidiary, Nations Oil & Gas, has made an offer to acquire Alberta Gas Co of Utah. Financial terms are being negotiated.

Alberta Gas owns leases for seven stripper wells located in two separate fields in Utah'sUintah Basin. Four are located off Highway 40 between Roosevelt and Vernal in the East Gusher Field, and the remaining three wells are found in the Stirrup Field located on the Green River south of Vernal. The Gusher Field leases comprise 680 acres and the Stirrup Field over 200 acres. All of these wells have been producing since at least the mid-1980s and there are no known environmental issues at any of the well sites. Alberta Gas has a long-running contract for their production with Chevron. Most of Alberta's oil has an API gravity of about 32 degrees, with one well at 34.5 degrees. As such there is a slight discount to Chevron's posted prices.


Three of the Alberta Gas' leases include the production rights to both the Green River Reservoir and the generally-deeper Red Cap (formerly known as the Wasatch) Reservoir. The remaining well rights are limited to the Green River, while Devon Energy currently owns the Red Cap rights. At the Gusher site, production depths are at approximately 10,000 feet. In the Stirrup Field, depths range between 7,200 and 7,500 feet. Other wells are currently being drilled near Alberta's wells and these wells are not having to be drilled any deeper than Alberta's. Production volumes are solid in these new wells and producers have not had to use any fracking. The majority of the rig pumping units are 320Ds. Alberta's leases are termed "held by production," meaning that as long the production continues, the leases have indefinite terms. The leases allow for a well to be placed every 40 acres, so there is space to have an additional 22 wells drilled on the existing lease sites. Production could be increased on the existing wells where the Red Cap rights are owned, by drilling the bridge plugs currently in place.

Each of the wells also produces small amounts of natural gas that Alberta, at one time, sold to the marketplace. They ceased this practice a number of years ago as the third party pipeline owners at the time provided inconsistent service and the price per MCF averaged $1.00. With current pricing being around the $4.50 per MCF, new owners could resume selling the gas. Most of the wells also produce small amounts of water, which is disposed of at a nearby disposal facility. Three of the wells make of use of the "backside gas" produced on-site to power the drilling motors. The other four wells use electricity to power the operations.



You’re welcome

TG87