Bakken Resources, Inc. Announces Idaho Minerals Lease
HELENA, Mont., July 15, 2014
HELENA, Mont., July 15, 2014 /PRNewswire/ --Bakken Resources, Inc. (OTCQX:
BKKN) ("BKKN"), announces its entry into an Oil and Gas Lease for
approximately 9,300 net mineral acres located in Idaho, as reported in the
Company's Current Report on Form 8-K filed today with the Securities and
The Lease primarily relates to approximately 9,300 net mineral acres located
in the Counties of Payette, Ada and Canyon in the State of Idaho. Per acre
leasing terms are not disclosed, but are subject to the completion of title
confirmation. Big Willow will receive royalties (amounts undisclosed) from
the gross proceeds received in connection with the production of any oil, gas,
liquid or gaseous hydrocarbons produced from the Property. Big Willow also
retains a right to participate as up to a 15% working interest partner in any
oil or gas well drilled on the Property.
The stated term of the Lease is for two (2) years which may be extended based
on continuous drilling. The Lease requires the commencement of drilling
within the initial term of the Lease as well as the completion of a seismic
survey of the property.
"This is a historic day in our company," notes Val Holms, CEO. "We are
fortunate to have entered at the ground level on an exciting new energy play
in the U.S., and one which has shown tremendous promise from the results of
prior nearby operators. We look forward to further developing this
opportunity with our partners."
For additional information, please see the Company's website
www.bakkenresourcesinc.com which has additional information on the Company and
ABOUT BAKKEN RESOURCES, INC.
BAKKEN RESOURCES, INC. is an oil and gas exploration and development company
with activities currently focused on the acquisition of mineral leases in
North Dakota and Montana and the development of potential EOR technologies.
This press release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical facts, including among others, statements and
projections regarding BKKN's future financial position, operations,
performance, business strategy, returns, budgets, reserves, levels of
production and costs and statements regarding the plans and objectives of
BKKN's management for future operations, are forward-looking statements. BKKN
typically uses words such as "expect," "anticipate," "estimate," "project,"
"strategy," "intend," "plan," "target," "goal," "may," "will" and "believe" or
the negative of those terms or other variations or comparable terminology to
identify its forward-looking statements. In particular, statements, express or
implied, concerning BKKN's future operating results and returns are
forward-looking statements. Forward-looking statements are not guarantees of
performance. BKKN makes no representation of the accuracy of any information
presented or derived from any third party sites or information.
For further information please contact
Jim Kyle, Shareholder Liaison: (727) 265-7007
SOURCE Bakken Resources, Inc.
Press spacebar to pause and continue. Press esc to stop.