posted
Member Rated: posted 30-01-2007 12:41 -------------------------------------------------------------------------------- RGNO (.029) Yields Huge Success Bringing First Well of 2007 On-line
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Regions Oil & Gas, Inc. (Pink Sheets:RGNO) announces today the final completion and testing of the W D #1 gas well in Beggs, Oklahoma, has been completed. This well tested at approximately 273 MCF per day and has been tied in to the local gas gathering lines for production.
"The field (location of well) is very promising. We thought we could make a well here, and now we have proof of what is actually in the ground. After it settles in, we are planning on completing a fracture of the formation utilizing state-of-the-art technology, which should further increase production. Potentials are as much as 1000 MCF per day.
"Also, we are currently formulating plans for the drilling of at least two more wells in this field. We should begin work on these in the next few months. Our relationship with Seminole Oil is beginning to show its value; it ensures we have a rig, the necessary drilling equipment and the expertise to complete a project when we need it. I am very optimistic about this well and the field's future," stated Jerry Griggs, CEO.
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.
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This info is from pinksheets.com.....not sure how accurate it is, but look at the O/S on this!
RGNO -- Regions Oil & Gas, Inc. Com ($0.001)
Search for Dun & Bradstreet reports on this company.
Address: 1350 Custer Gulch Levina, MT 59046 USA
Phone: Not Available
Business Description: Not Available
Primary State of Incorporation: Florida
Country of Incorporation: USA
Officers: Mark Smith, President
Edgar Filing Status: De-Registered
Outstanding Shares: 4,975,000 as of 2006-08-01
Estimated Market Cap: Not Available Authorized Shares: 5,000,000 as of 2006-08-22
Current Capital Change: shs decreased by 1 for 10 split Ex-Date: Record Date: Pay Date: 2001-09-18
Dividends:
Company Notes: Formerly=Noble Metals, Inc to 10-84 Formerly=Intrex, Inc. until 9-99 Note=2-12-02 company filed petition under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the District of Nevada. Bankruptcy case was dismissed; company has been inactive since then Formerly=Financial Commerce Network, Inc. (The) until 1-07. State of incorporation Nevada changed to Florida concurrent with name change
Class Notes: New Issue=2-72 500,000 shs at 30 cents by B & G Securities, Ltd. Capital Change=shs decreased by 1 for 25 split. Pay-date=3-10-99.
posted
so are you just trying to break even now? don't think there is any chance for profit?
Posts: 155 | From: Florida | Registered: Jul 2006
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