Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ROGI revoked:
https://www.sec.gov/litigation/admin/2018/34-83469.pdf
Audits Completed; Press Releases forthcoming, stay tuned
Now, this is a glowing report! Full Speed ahead
HOUSTON, TX / ACCESSWIRE / January 25, 2018 / Radiant Oil and Gas, Inc. (OTC PINK: ROGI) announced that it is finishing its audits from the last few years with the intent of getting current on SEC filings in the next few weeks. In 2017 Radiant spent significant time cleaning up its balance sheet, including satisfying $37 million in institutional debt from one of its joint ventures through the sale of assets and has initiated payments leading to elimination of legacy vendor debt from the same joint venture. Radiant has overseen 2 successful wells drilled on the project in Southeast Texas that they intend to purchase and has progressed on financing key projects.
Radiant is in negotiations with several investor groups to fund 8 "low hanging fruit" conventional oil projects in the Gulf Coast onshore region. These historic producing projects still hold significant quantities of proven reserves that can benefit from the use of technology which was not available previously, but which can be utilized today. The initial project consists of 4 producing fields in Texas which are producing ~450 barrels of oil/day.
According to the Department of Energy, the demand for crude is significantly up from last year. We expect this trend to continue and prices to stay strong through 2018.
"Radiant has chosen conventional fields in areas where the cost to produce is exponentially lower than shale plays and has determined its cost to produce less than $12 per barrel protecting investors from any unforeseen wavering in the price of oil," said John Jurasin, Radiant's Chairman and CEO.
Sure looks like they have the necessary elements to achieve this!
Very well done and very professional!
Check out the following interview with the Radiant CEO: http://www.highdrive.tv/energymakers/john-jurasin-radiant-oil-gas/
Good info, thanks for sharing! Time to get some volume going now
The following just appeared on the Radiant website:
Houston – December 7, 2017 – Radiant Oil and Gas, Inc. (ROGI) announced today it has begun payments leading to elimination
of $480,000 of vendor debt from one of its legacy Joint Ventures utilizing Section 3(a)(10) of the Securities Act. Radiant and its 3(a)
(10) venture participants have negotiated to eliminate its remaining joint venture vendor debt. The result of these negotiations is
expected to lead to a significant reduction, and eventually a total elimination, of Radiant legacy debt. Radiant had previously
announced the settlement of $37 Million of institutional joint venture debt through the sale of assets.
Additionally Radiant is in the process of securing additional equity funding to compliment a $4 million pledge to invest in its common
stock, all subject to pending project funding negotiations. This additional equity funding will support an overall $34,000,000 in
currently being negotiated financing which will initially be used to acquire and develop oil fields in Texas producing ~450 barrels of
oil/day and other producing properties.
“Survival rather than growth has been our mode for several years as our industry weathered the most profound restructuring since the
late 1920’s. The satisfaction of institutional and vendor debt are first steps taken to clean up the balance sheet and re-enter a growth
phase for Radiant. A strengthened balance sheet, current audits and SEC filings, secured financing and a talented technical team will
ensure Radiant’s execution in 2018 and beyond on multiple projects targeted in abandoned and overlooked legacy Gulf Coast fields
that have a long history of enormous production, thereby increasing our asset base and building shareholder wealth. It is our view that
the industry continues to over focus on unconventional fields to their detriment. Radiant and its deeply experienced team have
devoted almost 30 years on average to investing in and developing conventional oil plays which we demonstrate are lower cost and
therefore more profitable than most horizontal shale plays. Using cutting edge 3-D seismic technology and drilling techniques we
expect these legacy fields to yield far more hydrocarbons than has been harvested for all the years of production combined. We
believe that now is the opportune time to take advantage of long ignored low risk conventional oil projects that demonstrate superior
IRR’s and ROI’s all in sync with oil’s projected stability through 2018 and beyond.” said Radiant CEO and Chairman John Jurasin.
Check out the following video link:
Just in from a spokesman at Radiant:
"I just wanted to update you that Radiant is in the process of having all of it’s financials audited and the SEC filings should be current by the end of the year J.
I am keeping the web site up to date with our latest web releases, so please visit the site if you have not been there lately."
If you haven't jumped in yet, now is the time.
Better hurry to get in... looks like it is jumping back up
This things has got to be close to moving
ROGI is severely delinquent in filing the company's Financials. The stock is at risk of an SEC Suspension and subsequent stock registration revocation.
https://www.sec.gov/cgi-bin/browse-edgar?company=Radiant+Oil&owner=exclude&action=getcompany
Good news! Been too long!!!!
Just in from ROGI:
"We have some great things going on at Radiant right now. We have raised $10 million for an acquisition and are in the process of finalizing another $30 million to
complete that transaction and start drilling. In the last few weeks, 2 new wells have been drilled on the area that we have a Letter of Intent to purchase, so we are
excited about that and ready to get these transactions to a close.
The last few years have been the worst conditions in oil and gas that I have ever experienced. Radiant has luckily made it through that and things are going to start to
turn around quickly."
Good news for oil today! Let's move this thing!!
I agree.. big things happening here! Hold on!!!!
Check out the website for Radiant Oil & Gas. There's a letter from the President to shareholders and a new fact sheet. They are very optimistic and have a very positive game plan. I believe that ROGi is worth a look. Could be on the verge of something pretty big.
Can somebody please assure me that this company is still in business? There have been no SEC filings for well over a year and stock activity has been very infrequent. I tried contacting the company and leaving messages, but none have been returned. I'd appreciate any update someone can provide.
The price of oil is in the toilet, what makes you think ROGI could hit 6-8 dollars?
Good info. I think they have expanded quite a bit since then. Looking for $6-$8 by end of year IMO
Here is some past detail on rogi. New news is coming.
http://fidareconsultinggroup.com/wp-content/uploads/2015/06/ROGI_Factsheet-2015-2.pdf
Anybody no why? I can't find any news on ROGI.
This thing is set to pop!! Go ROGI$$$$$
Nice movement over the last few days
Could be but we as in state side are gearing up for big natural gas exportation. This is set into the design and is in motion. Watch for companies involved with natural gas and field services.
http://www.eenews.net/stories/1060028071
http://www.hcn.org/articles/us-exports-of-natural-gas-to-mexico-surge-as-country-overhauls-its-electricity-sector-1
http://www.bloomberg.com/bw/articles/2014-11-06/u-dot-s-dot-natural-gas-exports-will-fire-up-in-2015
Greenskeeper,
On what information are you basing this breakout? I've been waiting a few years for this to happen.
ROGI is poised for a big breakout! Entry point is good up to $1.25!
ROGI - Is that you buying today Dan321?
You bring up good points. I will keep an eye on things and stay in wait and see mode. Thanks
ROGI - You know Dan321, I'm not sure that I would invest in ROGI now. Oil is in a slump and it looks to continue that way for quite sometime. ROGI is a real company with excellent management, however last time I spoke with the company they said they were profitable so long as oil was $45 a barrel or higher. I think oil could head a lot lower and I don't expect oil to recover anytime soon. Just my take.
-IMHO
ROGI - No worries, hope to see you here.
Ok. Thanks I will consider it.
ROGI - I think .30 is good entry, this is a real company with real initiatives, give them a call sometime they are very professional. Someone is always there to take your call. I haven't talked to the company as of late.
-IMHO
Have you talked to the company yet? I need to do some DD. 20 mil. O/S I believe you mentioned.
Hey TP. What price is good to go? I might jump in this.
ROGI - I'm going to try reaching out to the company later on today.
-IMHO
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
104
|
Created
|
12/30/10
|
Type
|
Free
|
Moderators |
Radiant Oil & Gas is an independent exploration and production company focused on identifying and re-developing existing fields on the U.S. Gulf Coast. The Company’s growth strategy is to identify historically-producing projects that still hold significant proved reserves and extract them utilizing the most advanced technology.
Radiant currently owns and operates approximately 6,000 net acres across six projects: Natchez, Taylor Point, Ensminger Coral, Onyx and Garnet. The Company is actively seeking additional opportunities to acquire onshore and shallow-water fields or acreage in mature hydrocarbon-rich areas.
Radiant Oil & Gas began in 1990 as Jurasin Oil & Gas, Inc. (JOG), and grew to be an oil and gas exploration and production company with a full complement of geology, geophysics, engineering, land, accounting and administrative staff.
For over 20 years, CEO John Jurasin designed, operated or was a participant in multiple 3-D seismic surveys, oil and gas exploration and development programs, and other energy projects. Under his direction, JOG was able to boast an almost 70% success rate in drilling projects that led to new discoveries containing over 10 million barrels of oil and 250 billion cubic feet of gas.
Mr. Jurasin is President and CEO, and was the founder of Radiant’s predecessor, Jurasin Oil & Gas, Inc. which he began in 1990. Mr. Jurasin has over 30 years experience in the E&P business. Prior to founding Jurasin Oil & Gas, Mr. Jurasin worked with Taylor Energy, and was an Exploration Geologist for McMoRan Oil and Gas. He began his career at Getty Oil Company as a Geologist.
Mr. Jurasin earned a Geology degree from Rutgers University and attended the Graduate program in Economic Geology at the University of Arizona.
Mr. Rava is a licensed geologist and geophysicist in the state of Texas and President and founder of Icarus Oil and Gas, Inc.; 30+ years oil and gas industry experience; His job functions are project management, technical management, and geological and geophysical interpretation. Mr. Rava has held various technical and management positions beginning with Conoco-Phillips for 10 years then similar positions with Pennzoil and EOG Resources, culminating as vice president exploration of Petroguard and Texas American Resources with over 600 producing oil and gas wells. Former partner with CLK, a large geological and geophysical consulting firm who primarily worked for McMoRan operating in the Gulf of Mexico; Has served on the board of directors and been an officer of two geological libraries; Past president of the Coastal Bend Geophysical society and of the Gulf Coast Geological Library; Has co-authored articles in the field of planetary physics, lectured on the oil industry at two universities and a museum; Earned a BS, cum laude with high honors in Geology from Hofstra University, Hempstead, New York, and an MS in Planetary Geology and Geophysics from the University of Pittsburgh, Pennsylvania.
Mr. Ramesh was a co-founder and principal of Sabco Oil and Gas Corporation, a privately held independent oil and gas producer with operations along the Texas Gulf Coast and Offshore Gulf of Mexico. He has managed and conducted extensive work in reservoir engineering including: reservoir simulation of selected complex reservoirs, conventional reserve forecasts, drilling mud program design, and analysis and evaluation of acquisition candidates. In the mid-1980’s, he served two years as Manager of Reservoir Engineering Services at Standard Oil Company's Dallas Technology Center and after acquisition of Standard Oil by BP, he served as a global consultant within the BP organization. From 1976 to 1985 Dr. Ramesh worked for Intercomp, an international oil and gas consulting firm, including one year as General Manager, Reservoir Engineering in charge of international and domestic US reservoir studies, well testing services, reserves evaluation, and gas storage operations. Following completion of his PhD program he worked at Gulf Research & Development Company for five years in hydrocarbon phase behavior and simulator development. He developed a compositional reservoir simulator that was used by Gulf company-wide. Dr. Ramesh has taught several client-specific courses as well as open enrollment workshops in oil and gas reservoir evaluation by simulation. In addition, he has authored and/or coauthored 14 publications in various technical areas including horizontal drilling, steamflood and waterflood reservoir stimulation. Dr. Ramesh graduated from West Virginia University with a BS in Petroleum Engineering, Penn State with a MS in Petroleum & Natural Gas Engineering and received his Ph.D. in Petroleum Engineering from the University of Texas at Austin.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |