posted
I'm not sure if anyone else noticed this, but it looks like a cap and handle formation is in the works and it is ready to explode very soon. Just my two cents.
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Should be the start of something good....NEWS!
Press Release Source: Regions Oil & Gas, Inc.
Regions Oil and Gas Updates Shareholders on Operations and Current Share Structure Wednesday June 6, 6:00 am ET
DALLAS--(BUSINESS WIRE)--Regions Oil & Gas, Inc. (Pink Sheets: RGNO - News) announced today several updates to ongoing projects.
* The Gua #1 has been operational for several days and initial production numbers are promising. * The Gua #2 under went a fracture treatment on May 31, 2007. The process went as expected and the well is currently being put on line for test purposes. Positive test results are expected later this week. * The procedure of forced pooling, with the intention of engaging Questar Exploration & Production (NYSE: STR - News) and others, has started. This forced pooling process relates to mineral rights located in the current Regions Oil and Gas Wilcox field. The company has identified 4 additional locations suitable for drilling. * The Oki, Sai, and Pel have been put back into production and are currently producing approximately 20 BBLs per day. * The entire Iwo lease should be operational in the coming weeks. The paper work has been filed to allow the utilization of their disposal well. Once approved they anticipate approximately 60 to 70 BBLs per day to be produced from the Iwo #1 and 10 to 20 BBLs per day initially from the Iwo #2.
Jerry Griggs, CEO stated, "Since our last update we have been in the field meeting our goals of getting our properties producing at optimal levels. While the weather keeps progress slow, you can see from the announcements made that we are diligently working towards maximum production.
"We recently increased our Authorized share amount to 500 million. This increase was done to aid in future funding requirements. Our intention is to position Regions to be ready for any possible opportunity that comes our way. Possible uses include lease purchases and acquisitions. There has been some speculation as to our share structure and I would like to put out an accurate number to clarify any doubts. All shares owned by company insiders are restricted and no company officer has sold any shares."
Current share structure of the company is as follows:
Authorized: 500,000,000 Non Restricted: 100,623,224 Restricted: 187,326,829 Total Outstanding 287,950,053
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.
posted
And a little Name dropping always helps...From the PR:
* The procedure of forced pooling, with the intention of engaging Questar Exploration & Production (NYSE: STR - News) and others, has started. This forced pooling process relates to mineral rights located in the current Regions Oil and Gas Wilcox field. The company has identified 4 additional locations suitable for drilling.
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posted
The cup and handle formation is still in the works. Looking nice imo. It looks like it will be complete late next week. And then...take off. If a good PR comes out then all bets off and to the races we go. imo.
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Well the cup and handle does not f'ing apply anymore. Still looking for big gains to come though. It will take some patience though. I will eventually pop. Nice support at 0.023 which is good.
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We got a monthly update coming to us prolly thursday friday or monday...and I think it could be really explosive...The frac's and other wells have had time to breathe and we should get some good numbers to give us a new higher base...looking forward to it..
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STRONGUS In reply to: Millenium323 who wrote msg# 20574 Date:7/9/2007 3:07:23 PM Post #of 20643
RGNO Update : Spoke to Jerry....I see the crowd is getting restless here..so I called...I hate to be any one's mouthpiece though..Based on the recent communication, AT's requirements to remove RGNO off the restricted list is satisfied. This includes changes made to pinksheets.com information, state of neveda filing etc.Jerry told me they have news to report..I said then why not put it out for the world to see asap..it needs to clear the attorney since it involves external parties. could be any time according to him..I asked how the wells are progressing....he said much to their surprise they stuck some gas wells also this time!!! he sounded pretty upbeat about this! Oil & Gas!? Experts, step up here:-) I need a little help from O &G experts here..either one is good I guess so long as we have it:-) I asked him whether the company is selling shares (as some suspect) he told me their restrictions are such that they won't be able to sell a share without putting out the financials first..also made it clear that those who invested their money in RGNO got their shares for a much higher price so no question them selling either..I am feeling better:-)
also..........
Posted by: scanc2211 In reply to: None Date:7/9/2007 10:15:26 PM Post #of 20643
Doing some DD. Anybody ever heard of BASIC ENERGY SERVICES, LP. Do they have an association with RGNO? theres a reason i ask..
Posted by: scanc2211 In reply to: BigPayOut who wrote msg# 20633 Date:7/9/2007 10:22:31 PM Post #of 20643
I ask becuase the truck which is in some of the pictures is a BASIC ENERGY SERVICES, LP truck. I found this by looking up the vehicle via USDOT #. This company closed at $24.60 on NYSE EOD. Seems like RGNO is working with very reliable people.
posted
Regions Oil and Gas Provides Update On Current Operations Tuesday July 10, 3:11 pm ET
DALLAS--(BUSINESS WIRE)--Regions Oil and Gas, Inc. (Pink Sheets: RGNO - News) stated today:
The Iwo #2 recently underwent a re-completion into an upper zone that had a positive show of oil during drilling. While there has been a positive cut of oil, the well is currently shut in due to high gas pressure. Currently the well has approximately 750 lbs of pressure at the well head and is awaiting a test from the local gathering company. A well located in this section was shut in after drilling with 548 lbs of pressure and after completion had an initial daily rate of 1,548 MCF. Although weather continues to cause substantial delays, Regions hopes to attain this level of production.
The Gua #2 underwent a fracture treatment and is settling in. The results are promising and it appears the well has taken the fracture treatment as expected. Due to weather conditions the testing and meter hook up has been delayed, but will commence as soon as the weather allows. Currently a sales meter is located on this lease, gas sales could commence immediately following testing and gathering line connection.
"The weather has been a serious issue for most of the central United States over the last few months. Some of our projects have been delayed, but are slowly getting out of the mud. The pressure on the Iwo #2 was a pleasant surprise. We have had positive shows, but low production of gas on this lease. If these numbers stay steady this will be a very nice producer for us. This is the type of production levels we were looking for," stated Jerry Griggs, President Regions Oil and Gas, Inc.
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.
posted
Well this has been disappointing. It did touch 0.02 though. The last couple times it did that it ran up so that is what I am looking for right now. If it does then I will probably take my profit and go somewhere else until they get their stuff together. Sure it looks like a good long term play but I can make more money trading rather than investing. Good luck all.
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Let's see if history will repeat itself tomorrow. It seems like whenever the stock goes below $0.02 and closes at the support level of $0.02 it rebounds the following day and a run begins. Also, looking back to when the runs began it has been on a friday. Will tomorrows Friday with todays action be lucky? Good Luck. I am still holding all my shares.
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Can someone with an IHUB account ask Pizza how the heck he knows about the hedge funds wanting to take this down to 0.015? Someone asked but never received a reply.
ADX finally crossed, very bullish!! RSI is in the power zone. We need to get above the 50 MA tomorrow, or atleast get some hits at it and end at .024...
Some volume could really move this thing quick...IMO
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Another uptick today..holding pretty good tomorrow we will either see a substantial amount of volume and a bigger move up, or same volume with a end around .023...IMO
RSI is healthy and MACD is just starting an upward trend..ADX is looking great still!!
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posted
RGNO Announces Successful Pooling of Questar Exploration & Production Minerals
DALLAS, Aug 17, 2007 (BUSINESS WIRE) -- Regions Oil and Gas, Inc. (Pink Sheets:RGNO) announced today the procedure of forced pooling, with the intention of engaging Questar Exploration & Production (NYSE:STR) and others, has been completed. The ruling by the Oklahoma Corporation Commission was signed on July 30th 2007. Questar was given 15 days to respond and has decided to not participate and as a result they have been paid their bonus money in accordance with the OCC ruling. This gives Regions the ability to drill several new wells in a proven field with the possibility of between 40,000 and 60,000 BBLs of recoverable oil from each new shallow well. If the utilization of new technology that was not readily available when this lease was originally produced is implemented, these numbers could increase. Drilling could commence in the next 60 days.
Tomorrow, August 18, 2007, there will be a Board of Directors meeting to be held at the Beggs, Oklahoma office to discuss, among other items:
-- Current Project Status
-- Future Revenue Generating Projects
-- The West Texas Play
-- Current and Future Affiliations with Third Party Oil and Gas E & P Companies
-- Shareholder Communications
-- Future Acquisitions
-- Water Disposal Facility Progress
"This entire process took some time. We had to make sure everything was signed and sealed before we could provide any news so that we did not cause any issues that could derail our efforts. While this play does not meet Questar's current area of interest, it matches our philosophy and fits perfectly into our business model. We are very excited this has come to a close and hope to begin drilling soon," stated Greg Dartez, Secretary, Regions Oil & Gas, Inc.
Greg went on to say, "There has been a lot of dissatisfaction with our current procedure on updating share holders. We are working on a process to be more proactive in our communications. Our goal is to provide appropriate, factual and timely information, with out giving the impression we are putting out news just to put it out. Most of our efforts require us to keep the information close to our hearts until we have deals locked up. This helps to insure we do not get knocked out of the running by some larger company. There are plenty of 'Old forgotten fields' out there and when we find one that meets our objectives we don't want to lose it. Our main goal has been, and always will be, to conduct operations with our shareholders' best interest in mind."
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.
SOURCE: Regions Oil & Gas, Inc.
CONTACT: Regions Oil & Gas, Inc. Greg Dartez, 1-877-9REGION www.regionsoil.com
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