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Posted on 07 July 2014.
By
Orofino Gold Corp. (ORFG) is an international company who currently focuses on the acquisition, exploration, and development of mineral and oil and natural gas properties, both in the U.S and internationally, and will soon undergo a Company Name and Symbol Change to formally become Bakken Energy Corp.
Through its Newly Acquired Subsidiary, known as Nations Oil and Gas, the company’s properties include several oil and gas leases in the San Juan and Uinta basins, and surrounding locations in the state of Utah totaling approximately 15,000 net acres. The core area of ORFG’s operations is in the Unita Basin that details to have recoverable oil resources in excess of 14.5 billion barrels of Shale Oil whereas the company’s property in the San Juan basin previously produced 1.32 trillion cubic feet of natural gas and became known as the Largest Source of Natural Gas in the U.S.
Furthermore, the company is seeking to expand its properties and is currently Negotiating an Acquisition to acquire Alberta Gas Co., who is current owner of seven wells in two separate fields in Utah and enough space to add an additional 22 wells, and a New Oil Refinery in Southern Utah with an estimated property value exceeding $70 million. However, the biggest news is ORFG’s latest Signing of Letter of Intent for a joint venture with Indigo Resources Inc. to access assets in the oil and gas properties in the Unita Basin, which will coincide with Indigo Resource’s intent to purchase approximately 150,000 barrels of oil per week from the company.
Symbol: ORFG [ Current PPS: $0.0144 Outstanding Shares: 303.4M Float: 300.9M – a/o July 7, 2014 ]
Website(s): www.nationsoilandgas.com
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