$ORFG news out this morning. Another LOI.... not what I was expecting this close to their self-imposed 30 day deadline. Hopefully this is "buy" news and not "sell on" news.
Bakken Energy Corp. (Orofino Gold Corp.), Subsidiary Nations Oil and Gas Signs Letter of Intent to Create Joint Venture with Indigo Resources, Ltd.
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LAS VEGAS, May 29, 2014 /PRNewswire/ -Bakken Energy Corp formerly Orofino Gold Corp. ( OTC: ORFG) is pleased to announce that its wholly owned subsidiary Nations Oil and Gas has signed a letter ofIntent with Indigo Resources, Ltd to set up Joint Venture to access assets in Oil and Gas related properties in the Uinta Basin.
The purpose of the Joint Venture between both parties is to access Oil and Gas feed stock for Indigo and also to acquire land for "rail terminals'' to deliver product. The plan is to do build outs, get them permitted for leases, contracts, available resource and intellectual property. Currently Indigo through the joint venture intends to purchase up to 150,000 barrels of oil per week through Nations Oil and Gas relationships in the Uinta Basin.
Michael Naumu, President of Nations Oil and Gas stated, We could not be more pleased with our relationship that has started with indigo to set up our joint venute with them. They have the assets and we have the relationships to do a tremendous amount of business together. We plan to close this joint venture as soon as we can complete our contracts for feed stock."
Forward-Looking Statements: These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
SOURCE Bakken Energy Corp.
Bakken Energy Corp. (Orofino Gold Corp.), Subsidiary Nations Oil and Gas Signs Letter of Intent to Create Joint Venture with Indigo Resources, Ltd.
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LAS VEGAS, May 29, 2014 /PRNewswire/ -Bakken Energy Corp formerly Orofino Gold Corp. ( OTC: ORFG) is pleased to announce that its wholly owned subsidiary Nations Oil and Gas has signed a letter ofIntent with Indigo Resources, Ltd to set up Joint Venture to access assets in Oil and Gas related properties in the Uinta Basin.
The purpose of the Joint Venture between both parties is to access Oil and Gas feed stock for Indigo and also to acquire land for "rail terminals'' to deliver product. The plan is to do build outs, get them permitted for leases, contracts, available resource and intellectual property. Currently Indigo through the joint venture intends to purchase up to 150,000 barrels of oil per week through Nations Oil and Gas relationships in the Uinta Basin.
Michael Naumu, President of Nations Oil and Gas stated, We could not be more pleased with our relationship that has started with indigo to set up our joint venute with them. They have the assets and we have the relationships to do a tremendous amount of business together. We plan to close this joint venture as soon as we can complete our contracts for feed stock."
Forward-Looking Statements: These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
SOURCE Bakken Energy Corp.
