Replies to post #23017 on Bakken Energy Corp. (BKEN)

[Infinitygold]

???

Ecodomaine hired in an appraiser, telling them of their plans to expand the refinery to include a wax separator, and other equipment. On the basis of these future additions, anticipated capacity, and demand, it was appraised for $16.5M in 2006.

Can you please provide some links to support the above statement?

On 29-Jul-2010 the property was auctioned. Note the opening bid expected was $135

Can you please provide some dd to support the above claim which shows that parcel number for "Green River Refinery " is same as the property which was auctioned off for $135k??

[fawd]

You're spinning this like a top!!!

They intend to render the fluidized catalytic cracking unit and the catalytic fuel reforming unit inoperative.

This means the equipment is working fine! The machines were turned off per code to close that part of the plant (focus turned to distill various fractions of the raw organic liquid feed stock, a key component of the refining process). Don't spin this like they were never operational....

The Methylene Tertiary Butyl Ether production process originally scheduled for installation will not be constructed.

This is just a fancy term for the refining of oil to gas process. IT'S AWESOME to see there is already a plan in place to add this capability. Turn-key. Thanks for pointing this out

(As a result of turning off the above equipment) The plant will only be able to distill the various fractions of the raw organic liquid feed stock. These separated frac- tions will be sold to the market plac

YES!!! The Green River Refinery is functional. Certain equipment was TURNED OFF so limited operations could be re-established and serve as a foundation for the future!e

They told the appraiser what refurbishing was planned, and on the basis of those plans to appraise what the refurbished plant might be worth after the work was completed.

I've searched EVERYWHERE to find anything that mentions anything close to your statement. I've come up empty handed. idk where you got this from since work was completed. So until you can prove this with HARD EVIDENCE, I will regard this statement as incorrect and possibly made-up.

What exactly did ORFG give as the proposed acquisition price in the LOI? What will be the cost to bring it online? We already know it won't be the typical oil to gasoline or diesel refining.

It's standard business practice to not reveal the terms of an acquisition until both parties agree. This isn't earth shaking. Why would they reveal that information? Going really basic business 101 here... but a negotiator NEVER reveals their BATNA until the acquisition is complete. ((The only time the public knows this information in advance is if the acquisition is a HOSTILE TAKEOVER and/or requires govt approval, neither of which applies here))

Cost to bring it online? The refinery is already online. Can it currently refine oil to gasoline? No, not yet. The real DD shows it's already a functioning facility.. AND certain key equipment was TURNED OFF not non-existent like you suggest.

And finally, the company placed a 30 day deadline on the acquisition. They WOULD NOT have done that if they weren't 99.9% POSITIVE they could deliver. IMO this was already close to a done deal.

then they need a 3rd party to provide cash for a convertible note. One can safely lay bets the seller and realitor will want cash, not microcap stock. Then if not too convoluted, one might be able to figure out what the acquisition price is for ORFG

We don't know the first thing about how they will finance The Green River refinery. Bears always throw "Convertible Note" "Dilution" etc out there to scare investors.

How about a standard loan? Its a business, they could do that. Or Ni Shi Long and Michael are very wealthy and LARGE stockholders. Maybe they will provide the capital? They certainly have the incentive to do so. Or maybe it will be a co-acquisition with a refinery operator? Or maybe it will be some sort of split earning acquisition? You don't know. Anything is possible.

WHAT I DO KNOW, is that based off my conversations with Michael, he wants to BOOST PPS values for shareholders. Not to mention his boss Ni Shi Long owns a ridiculous amount of shares. Don't think they will want to piss him off ;)

[1984ISHERE]

I WOULDNT WANT TO BE SHORT HERE ! ORFG GOT THE RIGHT CONNECTIONS. THE EXECUTION OF THE BUSINESS PLAN AND THIS COULD BE LIKE MANY OTHER SMALL COMPANIES WHO STARTED IN THE UNITA BASIN. SOME WHICH NOW TRADE ON THE NYSE AND NASDAQ EXCHANGES.


GODBLESS AMERICA AND ORFG...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102059050

Very interesting... Quite a few of these companies in the Basin, might I add.

Here's a good one. Berry Petroleum Company (Which was acquired by Linn Energy whom is trading at $28.62 per share). Anyone, this one started much like Bakken:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101935365