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Author Topic: RGNO Awesome News
Jonus
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This is just coming off a quarter. Expect a nice run up today on the great news.


RGNO Signs Agreement to Begin Project with Upside of $200 Million
Wednesday, March 07, 2007 06:00 ET

DALLAS, Mar 07, 2007 (BUSINESS WIRE) -- Regions Oil and Gas, Inc. (Pink Sheets: RGNO) announced today they have signed an agreement and are in the process of acquiring 640 acres located in West Texas. This project is a "wildcat" and has the potential to find up to 4 million barrels of recoverable oil. At today's prices, that is approximately $200 million in revenue.

Regions has partnered with a well-known Geologist with extensive experience and knowledge relating to this part of Texas. He has used established subsurface techniques to delineate this project. Based on his findings, a plan to drill a test well in this area was devised and is in the preliminary stages of execution.

"We were looking for a play in Texas and came across this exciting project. This type of discovery can show a substantial increase to our bottom line and should excite our shareholders. After the initial test well is complete, we will update our shareholders," 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.

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matto
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Thanks its gonna blow up!!!!!!!

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Trading is a blast!!

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Fergy
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Momentum might take this up but be careful. The 640 acres might be moose pasture. But then who invests in these companies? Trade the *****es.
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stocktrader22
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hmmmm...they better not dilute into a run

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kidpolio
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this one going huge
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stocktrader22
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move!

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6figure
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lets what will happen
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6figure
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lets see what will happen
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stocktrader22
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nite owns it.

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6figure
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lets see what will happen
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6figure
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nite owns it.

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what does that mean

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stocktrader22
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volume is shot..

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6figure
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thats not a good thing
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6figure
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whats up here
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ohio_trader
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i grabbed a few more, great risk vs reward play here

.03 getting hit


IMO


***do your own homework***

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ohio_trader
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if volume goes up to 9-10 million today it just may run......
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SpecialK
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Didn't run today but added some at the EOD...

Like the potential here, looking at the chart and the past break out!!!

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6figure
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i didnt like this
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SpecialK
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Stock has potential to run, and should hear some things by the end of March at the latest...Maybe an update on the natural gas well that is producing, or some new holes....

They were holding it down today....can't do that for too long... They are producing gas right now, once they say how much in either production or revs, its off to .25 again!!

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stocktrader22
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I bet they are diluting IMO

I saw almost 2 mill in buys and no uptick...

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trade04
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quote:
Originally posted by stocktrader22:

I saw almost 2 mill in buys and no uptick...

that sounds discusting
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Fuzzy1018
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why is it down today>
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Fuzzy1018
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huge buys at .02 over 2mil
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ohio_trader
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crazy volume last 2 days

dilution or getting ready to pop,hmmmmm

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Fuzzy1018
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came down from .25 to .019 in less than a month; better bounce now
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Fuzzy1018
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.02 is getting hit since the am; why we are not moving?
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ohio_trader
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quote:
Originally posted by Fuzzy1018:
.02 is getting hit since the am; why we are not moving?

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got hit hard ALL DAY on HEAVY VOLUME


http://stockcharts.com/h-sc/ui?s=RGNO&p=D&b=5&g=0&id=p08546570247

if we get the pattern of the bounce here we are in good shape

**do your homework**

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SpecialK
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Poster that talked to Jerry today...

From Ihub:

Posted by: jelly
In reply to: None Date:3/8/2007 11:02:03 AM
Post #of 7654

i also asked jerry about when we might see some financials. he said that is not one of their top priorities right now. they are trying to acquire and put wells on as much producing property as they can get their hands on, which all costs money. jerry says he has $2 MILLION of his own money in this company. since they are not diluting, they have to fund these new projects through wells that are producing right now, leaving not a lot of cash to hire auditors. once the new projects start producing and more money flow, we WILL see financials then. i asked about possibility of unaudited finacials since this would cost the company little and give shareholders an idea of the books. he said they would consider that in the near future but are so busy in the feilds and exploring new opportunities, so don't expect them within the next week. again really no timeframe. he did say they are in the black, which is amazing for a pinkie. i can tell you i feel a lot more confident in my investment with rgno after speaking with him. it seems to me they are taking the right steps to make this company grow, and not at the expense of the shareholders. the pps, well my only logical guess is we are being shorted heavily again.

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SpecialK
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Looking for a possible reversal and/or bounce tomm or Monday!!
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ohio_trader
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i loaded up on some more today at .02

this could run like crazy from here in the next
1-2 weeks, don't wanna miss out, didn't bet the farm
but a run up from here would be nice [Razz] [Razz] [Razz] [Razz]

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ohio_trader
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woohoo

up 70% yeah baby

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ohio_trader
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85%

go,go,go

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Fuzzy1018
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told ya guys to load up yest [Wink]
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ohio_trader
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95%
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ohio_trader
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im loaded and ready [Big Grin] [Big Grin] [Big Grin] [Big Grin] [Big Grin]
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