Summary of Significant Events
On December 6, 2011, Drayton Richdale Corporation (OTC:DRYN) welcomed the following individuals as new members of its Board of Directors. The new appointees will enhance the company's capabilities and complete the development and operation of the Shale Oil Extraction Plant targeted for the State of Wyoming.
John G. Palmer, Ph.D.
Dr. John Palmer is the Safety and Security Director for UC San Diego's Department of Chemistry and Biochemistry. He has been guiding the department's safety efforts since 1986. He has served as a contributing member of several campus-wide committees for the oversight of UC San Diego's Environment, Health and Safety programs throughout his more than 20 years of university service. Prior to working for UC San Diego he was the research manager for Quantum Group, Inc where he helped develop company products used to detect deadly carbon monoxide gas. Quantum Group carbon monoxide detectors are now use in products distributed both nationally and worldwide. He has also served as a professional safety consultant to local pharmaceutical and technology companies in the San Diego area and has taught classes on the Chemistry of Hazardous Materials through UC San Diego Extension. Dr. John Palmer received both his Doctorate and Master's Degrees in Chemistry (Inorganic/Bioinorganic) from UC San Diego, and his Bachelor of Science Degree from Miami University in Oxford, Ohio. He has served on the Executive Board of the San Diego Section of the American Chemical Society (ACS) for over 20 years, including as its Chair in 2005. He is currently a councilor for the San Diego Local Section and as such represents nearly 3000 local professional chemists to their Society at the national ACS level. He is an active member of several ACS Divisions including Chemical Education, Chemical Health and Safety, Chemistry and the Law, Environmental Chemistry, and Chemical Toxicology.
Maria Q. Feng, Ph.D.
Dr. Maria Feng is Chancellor's Professor at the Department of Civil and Environmental Engineering at the University of California, Irvine (UCI). She is the Founding Director of the Center for Advanced Monitoring and Damage Inspection at UCI. With a PhD in Mechanical Engineering from the University of Tokyo, She has a wide variety of research interests focusing on multidisciplinary science and technology in (1) advanced sensors and nondestructive evaluation techniques for structural health monitoring and diagnostics; (2) intelligent asset management; (3) multi-hazard mitigation; (4) smart and green materials and structures; and (5) innovative rehabilitation and construction technologies. She has received the NSF Career Award, the ASCE/ASME/IEEE Alfred Noble Prize, the ASCE Collingwood Prize, the ASCE Huber Prize for Civil Engineering Research, and the SICE Best Paper Award, among numerous honors and recognitions. She has been elected Fellow of ASCE. Dr. Feng is also an integral principal of Newport Sensors, Inc. a company that developed and commercialized advanced sensors, nondestructive evaluation (NDE) devices, and structural health monitoring software in order to deliver integrated turnkey systems for long-term structural health monitoring, diagnostics, and prognostics.
Jeffery R Bowles
Mr. Jeffery R. Bowles has over 25 years of management experience dating back to 1976as Director of Administration of a private utility company in Anchorage Alaska. Following the successful turn-around of that company and its subsequent sale, Jeff was a principal in a software development company and was managing partner in two land development projects in Anchorage. In 1986, Mr. Bowles along with two other partners formed Jet Support Corporation in Seattle Washington an aerospace company that specialized in after-market support services to commercial aviation. Jet Support grew to 24 million in sales and was sold to Volvo Aero in 1999 where he served as Vice President and Chief Operating Officer of the Seattle division for two years. Following his departure from Volvo, Mr. Bowles served as interim president at Avolo.com and International Aero Corp helping with turn-a-rounds in both companies. In 2004 Mr. Bowles started and is presently the President and managing partner of Northwest Aviation Services located in Seattle Washington. Mr. Bowles completed studies at the University of Alaska in Business Administration and Chapman University where he completed studies in the BAOL program for Leadership and Organizational Development. He presently resides in Federal Way, Washington and is married to Georgia Lee and has four grown children. Mr. Bowles has served on the Boards of various companies including Anchorage Softball Association, Jet Support, International Aero, Avolo.com, Boy Scouts of America, Northwest Aviation Services and Boys Club of America.
G. Allen Robinson
Mr. Robinson, as Founder and Principal of The Sienna Company, a design and construction firm of 20 years in Monterey, California, produced the winning design and procured entitlements for the Ocean View Plaza Project for the Cannery Row Marketplace LLC of Palo Alto, CA. The $200 Million ocean side, mixed-use residential and retail center is located on historic Cannery Row in Monterey, California and is scheduled for completion by 2015. Mr. Robinson and The Sienna Company provided design and development consultation to major domestic and international hotel and resort consortiums including Grand Merritt Resort Hotels and Casinos with projects in Costa Rica, Honduras and Puerto Rico; the Highlands Inn in Carmel, California, and other coastal boutique resort hotels in California. He was retained by the international real estate investment firm, EIE International, to critique Sanctuary Cove in Surfer's Paradise, Australia, rated number one destination resort in Australia at the time. In Houston, Texas, as Vice President of Astro Development Corporation; Mr. Robinson executed design/build activities for the company totaling over $45 Million of construction in a two-year span. Dresser Industries Petroleum and Mineral Division in Houston, Texas, entrusted Mr. Robinson with the master plan for their industrial campus. From his work on the master plan, addition contracts were awarded to his firm, Comprehensive Design Services, Inc., for the off-site facilities for Dresser subsidiaries including Titan Research and Development, Magcobar Oilfield Services Division and the Corporate Training Facility for the entire company. At one time, Mr. Robinson was under contract with Dresser Industries for sixty million dollars of facilities expansion and new development. Mr. Robinson holds a Masters in Architecture and Urban Design from Rice University where he attended under full scholarship. He graduated with honors from the University of Tennessee with a Bachelor of Architecture. He is a licensed Architect in California and Texas.
Mr. G. Allen Robinson has also been appointed as President of Drayton Richdale Corporation and Mr. Antonio Arnel Maquera will remain as Chairman & CEO. The company will now proceed with raising capital through the issuance of a $30 Million to $60 Million Convertible Debenture over 5 years, with a face value of eight (8) percent (%) interest per annum for the construction and operation of the Shale Oil Extraction Plant in Wyoming and Coal Oil Extraction Plant in Illinois. The conversion strike point is under analysis and currently projected between $2 - 3 / Share. Due to the expected high revenue stream of the project, the company may only need, $30 Million for the Shale Oil Extraction Plant and then proceed and complete the Coal Oil Extraction Plant from operations.
On June 5, 2011, the Company's wholly owned subsidiary, PetroStrata Corporation, executed a joint venture agreement forming the CEMA Energy Group with a major coal producer from West Virgina to construct and operate a shale oil extraction plant near Rock Springs, Wyoming, and a coal oil extraction facility in the State of Illionois. PetroStrata will utilize the proprietary and environmentally friendly PetroMicronic Extractor Technology and Process at both locations. The combined development cost for both plants in projected to be $60 Million.
The completed plant in Rock Springs is expected to produce 4800/bbl/day of crude oil. At an estimated value of $82/bbl,the operations will generate over $81 Million of annual revenue before taxes. Likewise, the Illinois facility is expectd to extract 5700/bbl/day of coal oil and it will realize over $107 Million in net revenues before taxes. Each location is expected to employ between 50-70 full time individuals at full production capacity, not counting many addditional, non-employee support jobs within the immediate communities. These PetroMicronic Oil Extraction Plants are expected to be fully operational within 24-30 months from ground breaking.
On September 19, 2009, the Company engaged the Sevant Scientific Group in the development and application of the PetroMicronic Technology and process for the extraction of crude oil from shale. The goal of the Company is to have technoligy and processes that are cost effective, efficient and environmentally friendly.
On August 21, 2007, Drayton Richdale Corp. (OTC:DRYN) acquires 100% of all outstanding shares of PetroStrata Corporation, privately held in Nevada, with operations in California and Texas. The structure of the $20 Million purchase involved the combined issuance of SEC 144-Restricted DRYN common share and a $15 Million DRYN Convertible Debenture over five years at 10% per annum to the benefit of current PetroStrata Corporation shareholders. PetroStrata utilizes cutting edge technology to include, but not limited to, providing perimeter security for petroleum industry infrastructures such as oil and gas pipelines and refineries.
The company will target international terrorist risk petroleum industry installations in the Middle east, Europe and the Far East to provide each facility with proprietary security technology. Additionally, PetroStrata's PetroSeeker Technology is in the beta test development for micro-bore hole field exploration for improved oil recovery process and maximum recovery efficiency. PetroStrata has commitments for oil and gas exploration programs in Wyoming and Texas. Other strategic oil and gas fields located in California are in negotiations. Concurrently, Drayton Richdale Corp. appointed a new Director, Mr. Howard Wilkinson, President of PetroStrata Corporation.
On August 8, 2007, Drayton Richdale Corp. (OTC:DRYN) restructures Matlink, Inc. Nevada, a DRYN wholly-owned subsidiary, in order to focus on acquiring or developing new technology and operations in Bio-diesel production and distribution. Matlink has filed for a corporate name change to Cenocore Group, Inc. This venture will be participated by Nathan J. Coleman, President of Technology Resources, Inc. (TRI), another wholly-owned subsidiary and it will vertically integrate with the high efficient, low emissions, light weight, two-cycle Diesel engone in final stages of design in TRI. DRYN Board of Directors has decided to pursue a new direction for the company and thereby relinguishes all rights in the MSOS patent to its original developer.
On June 17, 2005, upon Drayton Richdale Corporation (DRC) executing a board resolution for a 10:1 reverse split of its outstanding shares and subsequently obtaining a new trading symbol (OTC:DRYN) on July 18, 2005, DRC executed and completed an "Agreement and Plan of Reorganization" with Technology Resources Inc. (Nevada). This reorganization involves the exchange of 15,000,000 shares to be issued DRC common shares to Technology Resources, Inc. shareholders. Technology Resources, Inc. becomes a wholly-owned subsidiary of DRC. Concurrently, Nathan J. Coleman, President of Technology Resources, Inc. was appointed to the DRC Board.
Technology Resources, Inc. (TRI), www.technologyresourcescompany.com, is a privately-held Nevada Company. Technology resources, inc., is an emerging, engineering and manufacturing company in the multi-billion dollar new optic-sensing transducer industry. TRI's patent portfoilo includes the "Bellow-Type Sensing Apparatus", intellectual property US Patent Number 6,604,427. TRI's patent portfolio discloses and claims application for optic sensors and controls with potential use in semi-conductor fabrication, aerospace, petroleum processing and electronic instruments for scientific, technical and medical applications.
On October 31, 1999, this reporting registrant launched its website. LO, www.legalopinion.com, a Seattle-based, online directory service offering consumers the convenience and quality of in-home and in-busainess legal consultaiton. The site provides consumers and attorneys the ability to interact in a new, simplified and convenient way. The uniqueness comes from providing consumers with direct access to an on-line written opinion from an appropriately licensed attorney experiences in the particulat problem area and located in their geographical jurisdiction. LO has over 7500 attorneys and all 50 States are covered. LO does not practice law nor is licensed to practice law in any jurisdiction. LO does not become involved in any attorney=client relationship that may be established between customers, users or attorneys participating in LO's database.
On August 9, 1999, New Directors were elected at a meeting of shareholders in Utah inder the auspices of Eurotronics Holdings, Inc., the Utah corporate predecessor of this Nevada Issurer, and confirmed as the Board of Directors. New Directis and Officers were elected on August 9, 1999. Legal Opinion (LO) was incporporated in Nevada on July 28, 1999, which proceeded with the merger of the Eurotronics Holdings, Inc. (Utah).