Here is why DKGR is different. DKGR CEO used to help run Big Board companies! Oil is going through the roof and there is a R/M with PRODUCING OIL wells coming. Read Below =)
Special Situation: Oil & Gas Acquisition / Takeover
Ticker: DKGR
February 2012
Drake Gold Resources (OTC Markets: DKGR) is completing an acquisition of private, producing, oil & gas assets. To date, DKGR has only announced the new management team.
Robert Jackson, P.E., P.L.S. with a seasoned oil & gas background including Apollo & Carnegie Gas Companies, a wholly owned U.S. Steel Subsidiary (NYSE: X), Marathon Oil Company (NYSE: MRO), Equitable Resources (NYSE: EQT) and Newfield Exploration Company (NYSE: NFX) has taken over as CEO and Chairman of DKGR.
The company has targeted the acquisition of 300 wells in the Appalachian Basin. Estimates have the proven secondary oil reserves at approximately 330 million barrels of oil in the Appalachian Basin Reservoir based on a report by the US Department of Energy.
What can investors expect next?
OTC Market filings to be completed and "OTC Markets Current Information" status obtained
Funding commitments in place to develop new assets
First asset acquisition and roll out of business plan
Second asset acquisition expanding production and reserves For any inquires please contact Investor Relations via phone: 530-405-3547 or email: IR@Drakegold.com.
This is why DKGR is different as well. Low Floater that explodes on low volume. Any big volume and .02 here we come maybe more. Easy double from here. Imagine the nice summer people would have once DKGR goes current on Pinksheets and the R/M takes effect!