The new DKGR CEO worked for EQT Corp!! This could be worth alot with a small investment. Call IR, I did and it looks promising!
Special Situation: Oil & Gas Acquisition / Takeover
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