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I bought it yesterday - 4.9 million O/S - 100 million A/S - 75 million in revenue for 2007 put forward by the company - rev merger : original company was FCNK (change was completed just yesterday - had a direct impact on the PPS).
Regions Oil and Gas, Inc. Updates Shareholders on 2007 Goals (Conservative Estimates: $75 Million in additional Revenue) Thursday January 4, 6:00 am ET
DALLAS--(BUSINESS WIRE)--Regions Oil and Gas, Inc. (Pink Sheets: FCNK - News) announces today their plans for 2007. They have spent several months diligently working on several projects that will add substantial growth and sizeable revenue in the 2007 fiscal year.
Greg Dartez, company's Secretary, released the following summary on upcoming projects/prospects for 2007:
* Water Flood Project; potential of approximately $10 million in revenue * Formation of Commercial Water Disposal facility * Known Wilcox field expansion * Bulk crude sales estimating $2.4 million annual revenue * Operational expansion into North East Oklahoma * Coalbed Methane wells * Drilling Rig Management Company * Potential Caney/Woodford Shale production
"We are looking forward to 2007 and expect explosive earnings for the new year. The summary (that Greg has released) shows we have plenty to do this year and we are very confident and optimistic about completing each project. As progress continues, we will keep all of the shareholders updated," stated Jerry Griggs, CEO.
Griggs said the company expects production to grow steadily in 2007 and estimates additional revenue at approximately $75 million.
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 1900s 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.
*****************
-October 31 2006 FCNK (Financial Commerce Network, Inc.) Announces the Reverse Merger into Regions Oil & Gas; 1 Billion Dollars in Estimated Oil Reserves Financial Commerce Network, Inc. (Pink Sheets: FCNK) is pleased to announce that it has recently reversed into a merger with Regions Oil & Gas, a Nevada Corporation. Regions Oil & Gas Corporate office is located in Dallas, Texas which is central to the Texas / Oklahoma drilling fields. Company officials have teamed up with Geologists to complete surveys, which indicate oil reserves can generate revenues estimating 1 Billion U.S. Dollars.
Jerry Griggs, President and CEO, Regions Oil and Gas, stated, "This merger is a solid step forward for both Financial Commerce Network and Regions Oil and Gas. This provides current shareholders a new and exciting opportunity to get in to the oil and gas industry with a company that is positioned for tremendous growth, while providing Regions an avenue to bring our philosophy of bringing new life to old forgotten fields to fruition."
-November 13 2006 FCNK (Financial Commerce Network, Inc.) and Regions Oil & Gas Enter into Negotiations with Thomas International Drilling Management
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.
-November 16 2006 Regions Oil & Gas Enters into Agreement with Oklahoma Drilling Company, Increasing Efficiency and Production
Related information E-mail this article Print-friendly version Discuss this articleStocks mentioned in this articleFINANCIAL COMMERCE NETWORK INC (FCNK) Stock Quote, Chart, News All BusinessWire NewsRegions Oil & Gas (Pink Sheets: FCNK): The company announced today that it has entered into an agreement with Seminole Oil Productions LLC., a drilling company located in Northeast Oklahoma.
This agreement provides an avenue to control drilling and exploration costs and provides almost immediate access to a drilling rig for new drills. Additionally, it provides access to work-over rigs to maintain current wells on short notice. This will allow current production to be maximized at rates above the industry norm for the area.
"There is a shortage of rigs, and people who know how to drill with them - skilled manpower, geologists, everything is in high demand in our industry in general, but seems to be pronounced in our area of focus. In the past, we have had to wait for almost a year to drill one well. Now, when we have a suitable location with the proper reserves or potential, we can mobilize quickly and begin drilling. This agreement allows us to continue our drilling campaign in Oklahoma in an expedited fashion. I am extremely excited by this partnership as it should result in a solid positive impact on the bottom line," Jerry Griggs was quoted as saying.
-November 21 2006 Regions Oil & Gas Sets Date to Begin Work on a Secondary Recovery Project with $10 Million in Recoverable Oil
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.
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The other thread was locked, so I resurrected this one. I played the momentum on this last week, got out a bit too early (60% gain), and now I am back in due to the dip Friday. I'm going to hold for as long as possible- I expect more news relatively soon. It looks like the MMs are holding onto their shares, and it should also be noted that the company is adding a new process to their setups that will help increase production by 100 times... Imagine paying the neighbor to mow your lawn, and he not only mows your yard for you, but 99 of his friends come over and pimp out your entire property. You just can't beat technical efficiency.
-------------------- Z Posts: 339 | From: Clearwater, Fl | Registered: Mar 2004
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BTW note the OS (<5,000,000): in a hypothetical sense, every share traded at least one time per day each day last week. Based on the volume last week and the PPS fluctuation, it looks to me like this should be in good position to move ever higher than last week's high in the near future.
Recent Headlines:
-Jan 30 2007 Regions Oil and Gas Yields Huge Success Bringing First Well of 2007 On-line
-Feb 12 2007 RGNO Adds Acreage with up to Ten Drill Sites in Proven Field Containing Estimated Reserves Reaching up to 30 Million Dollars of Un-Produced Oil/Gas
-Feb 15 2007 Regions Explores State of The Art Technology That Enhances Secondary Oil Recovery Methods by Up To 100 Fold
-------------------- Z Posts: 339 | From: Clearwater, Fl | Registered: Mar 2004
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Still going! When we break .06 we could be near .1 today at eod. Level II ask stacking up!
Posts: 339 | From: Ohio | Registered: Sep 2005
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