Regions Oil & Gas Sets Date to Begin Work on a Secondary Recovery Project with $10 Million in Recoverable Oil
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Regions Oil and Gas, Inc. (Pink Sheets: FCNK) is pleased to announce a tentative date has been set for work to commence on their water flood/secondary recovery project in Oklahoma. Work is scheduled to begin the week of December 4th. Geological records indicate between 200,000 and 350,000 BO of recoverable oil in this reservoir. At $50.00 per barrel this equates to approximately $10,000,000.
"Getting this project started is a milestone for Regions and our relationship with our share holders. If this project meets our expectations, not only we will we have a healthy return on our investment, but it will further validate to our share holders that our philosophy (of bringing new life to old forgotten fields) works," Jerry Griggs stated.
About Regions Oil & Gas, Inc.: Regions Oil & Gas Corporation ("Regions" or the "Company") was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to otherwise engage in the oil and gas industry and exploration business. The Company solicits and acquires from accredited and institutional investors, the capital necessary to lease, develop, and complete oil and gas wells. Their philosophy and strategy is "Bringing New Life to Old Forgotten Fields." The fields in question were generally produced in the early 1900's with the mind set and technology created during the industry's infancy. As a result, these wells have large amounts of oil still in reserves.
Disclaimer:
Certain information included in this communication contains statements that are forward looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
FCNK (Financial Commerce Network, Inc.) and Regions Oil & Gas Enter into Negotiations with Thomas International Drilling Management
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Financial Commerce Network Inc. (Pink Sheets:FCNK) is currently in negotiations with Thomas International Drilling Management, a Texas corporation, to purchase a 25% stake in their drilling management company. TIDM currently has a two year drilling contract with an independent oil and gas company. The drilling rig TIDM manages is rated at 23,000 feet. There is also the option to add another rig under management in mid 2007, effectively doubling the amount of projects TIDM and Regions can take part in. This partnership could add about $1,800,000 annually to Regions' bottom line.
"This acquisition, combined with our current oil and gas operating company in Oklahoma, gets us closer to our goal of being the one stop shop that small independent oil and gas companies prefer to use, due to the ease of the whole process," Jerry Griggs, President and CEO, Regions Oil and Gas, stated.
About Regions Oil & Gas, Inc.: Regions Oil & Gas Corporation ("Regions" or the "Company") was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to other wise engage in the oil and gas industry and exploration business. The Company solicits and acquires from accredited and institutional investors the capital necessary to lease, develop, and complete oil and gas wells.
Disclaimer:
Certain information included in this communication contains statements that are forward looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
Source: Regions Oil & Gas Corporation
Posts: 1580 | From: World | Registered: Jul 2006
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quote:Originally posted by PCola77: From Ihub, so I'm not saying it's correct, just figured you may want to try this number:
Regions Oil & Gas, Inc. 1-877-9REGION or Jerry Griggs, 972-371-2466
thanks, talk with Jerry - he passed phone for IR guy (I think Jonathan, could be mistaken). He told me that the company is shocked with PPS as well but they are not controlling the market prices (hard to believe, heard these stories so many times…). At least they are working on PR for yesterday morning (6am EST)
Posts: 1580 | From: World | Registered: Jul 2006
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posted
This ones gonna run like crazily ones MMs are done shorting this...It came down from 3$ to .01 now...No change from Company...Wow! Could be a Stealer here
-------------------- To reach hill top start from the top Posts: 461 | Registered: Jul 2006
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posted
too late for me.. I really liked it at .01 and would be up 20% already!! oh well there's always other runners.... good luck to all those who are in though!!!
Posts: 151 | Registered: Aug 2006
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posted
Don't think of it that way. You wouldn't really be "up 20%" unless you could sell at .0012. At most I think you could have sold at .0011 for 10%, but it's alredy back to a bid of .0095, so you'd be down 5% already. Looks like your boker probbaly saved you some money
quote:Originally posted by blaze: too late for me.. I really liked it at .01 and would be up 20% already!! oh well there's always other runners.... good luck to all those who are in though!!!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
yeah PCola i know what you mean.. I just meant up 20% in unrealized gains... I still like it at .01 but there are so many buys going through with no movement that it almost looks like dilution or something... but why would they dilute after the stock is down this much... odd for sure
Posts: 151 | Registered: Aug 2006
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quote:Originally posted by blaze: yeah PCola i know what you mean.. I just meant up 20% in unrealized gains... I still like it at .01 but there are so many buys going through with no movement that it almost looks like dilution or something... but why would they dilute after the stock is down this much... odd for sure
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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