BB's Stock Haven

[Grumps17]

Here's your news:


DRAKE GOLD RES INC
Symbol U : DKGR
Recent Sedar Documents
Drake Gold Resources Appoints Chief Executive, Operating and Financial Officers

2012-02-14 08:30 ET - News Release




CARSON CITY, Nev., Feb. 14, 2012 /PRNewswire/ -- Drake Gold Resources (OTC Markets: DKGR) is pleased to announce that it has appointed a CEO, CFO, COO as well as a new board of directors. This is one of the final steps in the process of completing the acquisition of private, producing, oil & gas assets.

Mr. Robert E. Jackson, P.E., P.L.S. (Professional Engineer, Professional Land Surveyor) has been appointed as Drake's CEO and Chairman. Robert has over 30 years of progressive experience in the oil and gas industry in Pennsylvania and West Virginia's Appalachian fields. He began his career as a Field Engineer and progressed through various operating and engineering positions to Chief Operating Officer/Director of Apollo & Carnegie Gas Companies, a wholly owned U.S. Steel Subsidiary (X), and managed the integration and subsequent merger of all facilities with both Marathon Oil Company (MRO) and Equitable Resources (EQT). Since 2001, Robert has been a self-employed consultant working with numerous Pennsylvania producers, municipalities, land owners and conservation groups on oil and gas projects; Newfield Exploration Company (NFX) on regulatory issues associated with their entry into the Marcellus Shale Field; and Kujak Testing Inc., a regulatory and training consortium, on the complexities of the oil and gas industry.

Mr. Thomas M. Smith has been appointed as Drake's COO, CFO and Director. Mr. Smith is an entrepreneurial manager with extensive experience in operations, finance and accounting having served over 20 years in senior management roles. He has a proven track record of accelerating companies' growth in both size and profits. Mr. Smith began working for Citgo Petroleum Corporation, one of the nation's top ten petroleum producers, where his position involved planning/negotiating mergers and acquisitions in key locations in order to maximize freight logistics. He subsequently acquired 6 entitles through the T. Boone Pickens' hostile takeover. Mr. Smith also served as Controller of Unibev, a startup acquisition arm for franchise-owned Pepsi bottlers. He acquired 12 franchise bottlers in 3 states and engineered the growth of Unibev from a start up to over $500 million in sales until it was acquired by Pepsico (PEP). Mr. Smith then served Russell Standard in the capacity of CFO/COO. Russell Standard is a third generation family owned company initially with approximately $16 million in revenues. In these positions, he focused on mergers and acquisitions growing the company from $16 to $80 million in revenue.

To read the full management biographies please visit: http://DrakeGold.com/Management

Drake is in the final stages of the aforementioned acquisition being vended in. After this, the financial and disclosure statements will be released and subsequently posted to OTC Markets, and the new, asset will be formally announced.

For any inquires please contact Investor Relations at phone: [phone] or email: [e-mail].

Please read the Forward Looking Statements & Risk Factors: http://DrakeGold.com/Risk_Factors

SOURCE Petro Lucre LLC