Radiant Oil & Gas Inc. (fka ROGI)

[OilStockReport]

Results of Operations

Radiant seeks to acquire, develop and produce oil and natural gas properties along Gulf Coast Texas and Louisiana. We seek to acquire and develop properties with proved undeveloped reserves, or properties located in legacy fields where large volumes of hydrocarbons have been produced. These fields are also in close proximity to existing infrastructure, allowing us to quickly get new production to market.

One of our primary strategies is to gather leasehold positions in fields that have produced large volumes of hydrocarbons, and find additional development opportunities while applying modern technologies. Our management team has extensive geological, geophysical, technical and engineering expertise in successfully developing and operating properties in our core areas of operation.

Rampant Lion . During the initial drilling of the 758 B-1 well, we had an agreement with Challenger Minerals, Inc. to be carried up to 105% of the AFE. The operator of this well is Medco Energi US, LLC (“Medco”). The AFE had significant cost overruns, and Medco is netting our production revenue against the AFE balance. Rampant Lion owns a before payout WI of 11.25% and NRI of 6.625%. JOG Holdings, owned by John M. Jurasin, also owns an ORRI in this well.

From recent filings: http://ih.advfn.com/p.php?pid=nmona&article=48915046