posted
RGNO Regions oil and gas .03 SHARE STRUCTURE Authorized Shares: 200,000,000 as of 2007-02-08 Outstanding Shares: 167,693,645 as of 2007-02-08 Restricted Shares: 102,352,306 as of 2007-02-08
chart looks ready to pop up!
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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Regions Oil and Gas Provides Progress Updates on Multiple Oil/Gas Wells Friday May 11, 6:00 am ET
DALLAS--(BUSINESS WIRE)--Regions Oil & Gas, Inc. (Pink Sheets: RGNO - News) announced today several updates to ongoing projects.
* Regions has finished completing the Gua #1. This well is currently on line and initial production numbers will follow in future updates. * The Gua #2 is currently in line for an advanced formation fracture technique to be completed as soon as the weather allows. Depending on how the technology works, the WD #1 will utilize the same technique. Regions anticipates that the production levels of these two wells could reach the production levels of a near by well that blew out of control for 15 days before being shut in (approximately 5 MMCF per day). * The issues that have kept the Iwo lease from production have been dealt with and Regions is currently awaiting final approval to resume production. Once approval has been granted the Iwo #2 will be perforated up hole to exploit a zone that had a strong show of oil during drilling. * The west Texas play is still in progress and is awaiting final approval from the land and mineral owners to proceed with the test well. * Lease documents have been finalized and signed by all parties adding an additional 80 acres to their current 700 acres, located in an area with proven production. This location has favorable spacing requirements providing up to 10 additional drill sights. * Work continues on acquiring the remainder of the lease necessary to build a commercial water disposal facility in Muskogee County, Oklahoma. This project has potential to provide additional revenue beyond what was originally estimated, as there has been over 25 new permits to drill issued in the last 180 days. Each of these projects will have a need to dispose of any produced water during drilling and during future operations.
"I want to apologize for the lack of updates in recent months. We have been diligently searching for innovative and cost effective solutions to problems that have come up along the way, bringing wells on line, and at the same time evaluating new prospects for future growth. As time goes on and revenue comes in, I hope the share holders will be pleasantly surprised by the amount of work that has been accomplished in this short amount of time and the benefits it could bring to Regions Oil and Gas and its share holders. Please be patient with us as we are working for you and are making every effort to turn Regions into a recognized and respected company in this industry," stated Jerry Griggs, CEO Regions Oil and Gas.
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.
Contact:
Regions Oil & Gas, Inc. Jerry Griggs, 1-877-9REGION www.regionsoil.comPosts: 78 | From: Easton,Md | Registered: Mar 2007
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posted
The run usually comes a day or two after the PR's on this one...lets see what the week brings for us!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Have a feeling that this coming run is going to be well orchestrated....Some timely PR's in regards to the Company, Production, and Alliances which will sustain the run....Looking forward to a nice week with this one...
Posts: 78 | From: Easton,Md | Registered: Mar 2007
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posted
Looks like it's all coming together starting next week. That's the word anyway..FWIW...
Posts: 78 | From: Easton,Md | Registered: Mar 2007
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posted
Posted by: STRONGUS In reply to: None Date:5/18/2007 4:34:57 PM Post #of 13698
RGNO Important update reposted for new comers..
RGNO Exclusive Update :-) I was debating whether I should post my conversation with Jerry because I wanted the PRs to talk instead of hearsays. FWIW, I thought I would drop in a few lines about our conversation as an afterthought. Here are questions and Answers without much ado.
#1) I asked for about the share structure. This is of very big importance to me. I got the confirmation that nothing changed. The O/S & float are still same and THERE IS NO PLAN to increase the A/S (this is exactly what I wanted after seeing what happened to PMCL a few weeks ago). Our market cap is the lowest I see for a producing oil company.
#2) Leatherneck is just an operator and the wells belong to RGNO and revenues will be counted towards RGNO. This is a strategic decision to keep RGNO at arms length from legal trouble. Everything that is PRed for RGNO belongs to RGNO. No doubt about that.
#3) PR blitz is planned for the production numbers at regular intervals. Jerry thinks the current stock price is a joke. I am not going to put out the fair value he gave me because I don't want to be called out for pumping. Huge gains will be seen if we get there:-)
#4) I never heard him sound so aggresive on shorts before. At this point he is convinced that this is being shorted big time. There seem to be a plan in works to over come them shortly:-) and I think it will be put in place around the time the PRs start rolling.
Bottom line : This stock price is a steal IMO. I am betting on all my years of experience that 2.5 cent is a good price to pay for this stock. I am positioning myself to be fully loaded before the PRs start flowing. It is only matter of days. Next week should bring in plenty of smiles. I don't give up, folks. See where the sentiment for PMCL a few days ago and what it is today. RGNO is next.
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Just to confirm this, I got an email from the web developer a few days earlier. They said they are getting all the latest updates as of this coming weekend, and the site should be updated this coming week!!!
Looking good again!!
Posts: 381 | From: Cincy | Registered: May 2006
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posted
Yep....Feeling pretty confident about this one..Have invested (and I use that term lightly when concerning Pinks) a large position in this stock and really looking forwrd to reaping the reward.
Posts: 78 | From: Easton,Md | Registered: Mar 2007
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posted
the chart on this puppy is very nice. if EGSR held steady in the .30s then so can this company. it has more going for it.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
when the news hits we will be shooting up fast...no doubt
some say wed this week
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
Posted by: STRONGUS In reply to: pennyjunkie who wrote msg# 14626 Date:5/24/2007 3:37:12 PM Post #of 14644
Quick update on RGNO : Spoke to Jerry just now. They had a meeting with their Attorney yesterday regarding the trade restrictions and letters are sent out today to all those brokerage houses. Last time they did the same with good success before the big run. Jerry is confident about getting the restrictions removed soon. The PR is getting delayed for a reason but not for long. Any day now is still the word. The production #s will come out. Without going into specifics, all he could say was we would be really happy with the #s. On the other note, the big block buys that we saw the last few days are going to strong hands:-)
Posts: 370 | Registered: Jul 2005
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posted
Good early activity...Large blocks going through at the ask... .32 and climbing
Posts: 78 | From: Easton,Md | Registered: Mar 2007
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posted
Think it is more of the talk concerning the wells that are now online and the # of PR's soon to be released...Going to move Big soon
Posts: 78 | From: Easton,Md | Registered: Mar 2007
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