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And some wells that havent been PR'd yet belong to Regions. How many? We will find out soon enough.
All wells that are PR'd belong to Regions.
Why didnt you respond to my earlier post? Cat got your tongue? Or didnt it fit your agenda?
"I dont agree. In the previous PR they are referring to Regions, they said "we were looking for a play in West Texas" and that "This type of discovery can show a substantial increase to our bottom line and should excite our shareholders." They were clearly referring to it belonging to Regions."
RGNO Signs Agreement to Begin Project with Upside of $200 Million
Wednesday March 7, 6:00 am ET
DALLAS--(BUSINESS WIRE)--Regions Oil and Gas, Inc. (Pink Sheets: RGNO - News) 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.
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.com
Yeah someone just bought 30,000 at .038
(P/S) Price/Sales is a better metric for small cap oil stocks than a PE. Because most small cap oil stocks are pouring all of their cash flow into acquiring new fields so they can continue to grow at a rapid pace. Revenues, reserves and production numbers are what will drive share price, not pe. Using a pe as a metric penalizes the company for using the cash flow or earnings they would have had on acquiring new fields and doesnt price in the new underlying asset. Most small cap oil stocks trade at a price/sales ratio of between 5 and 10. Companies with high growth and no debt will be at the higher end of that range whether they have earnings or not.
Katrina why didnt you respond to my post. It was pretty black and white.
I dont agree. In the previous PR they are referring to Regions, they said "we were looking for a play in West Texas" and that "This type of discovery can show a substantial increase to our bottom line and should excite our shareholders." They were clearly referring to it belonging to Regions.
RGNO Signs Agreement to Begin Project with Upside of $200 Million
Wednesday March 7, 6:00 am ET
DALLAS--(BUSINESS WIRE)--Regions Oil and Gas, Inc. (Pink Sheets: RGNO - News) 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.
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.com
You said it much better then me. Way to go Cuppy.
Jerry, dont wait for restrictions to be lifted to release news. Dont let them dictate to you when news will be released. Do it on your own terms and on your own time frame. Maybe if the stock explodes and all of the ameritrade investors are left in the dust and without shares then maybe ameritrade will change its policy.
Mark Smith is an individual who does reverse mergers. He was responsible for finding the FCNK shell for Regions. The share structure was faxed by the T/A here to multiple posters. Go back and read the posts from earlier in the year. This has been rehashed already.
Jerry since you do read the messages can you please have the design of the website changed as well. Thomas International Drilling has a modern looking website. This one is not appealing to the eye. And believe it or not the website gives many investors the first impression of the company. It looks outdated. Not the lack of content but the design itself.
Thanks.
Katrina, the poster DFDsquad has received faxed confirmation from the ta of the o/s and a/s on multiple occasions.
Also etrade has had restrictions on the stock peridodically. There havent been online trading restrictions on the stock throughout the whole year. In early April there were no restrictions. Prior to that there were restrictions. Now they are back on again. Someone probably bought alot of shares through etrade when the restrictions were temporarily lifted and now they are probably concerned that they dont have shares available to deliver so they try to slow down the buying interest. imho
Katrina,
If that were the case why would etrade tell callers that the reason for the restriction is because they are concerned that hackers might get into someone's account?
Also, there is a whole message board on ihub dedicated to broker online trading restrictions and everyone on that board agrees that the multitude of stocks that are now restricted are a result of the brokerages covering their own you know what. They are concerned about too many FTD's (failure to deliver shares) and are covering for clients that are short the stock. One poster had posted the list of restricted stocks from ameritrade and there were literally about 100 stocks on that list. There were never that many stocks that were restricted until after regulations took place in the fall that required monthly reporting of short sales on pink sheets stocks.
Read posts 1-500 if you have the time on that message board. I cant remember all of the details exactly but it is informative.
Yes this is all about FTD's. (Failure to deliver shares) They are short of shares so they try to minimize trading in the stock.
RGNO should be interesting this upcoming week.
The fewer flippers the better. They are usually the ones always complaining about PR's and are nothing but a hassle for the company and for other shareholders who are serious about the stock.
I agree and that is where they are putting all of their cash flow, into acquiring new leases. They want to accumulate as much property as possible. Especially with favorable oil and natural gas prices. The VP of drilling knows what he is doing. (And so does Jerry).
They might be drilling there or have wells there right now. We dont know yet.
Here is a slide presentation from another company that has acreage over the Caney/Woodford Shale. It gives some general information on the formation as you scroll down to the later slides.
http://www.secinfo.com/dsvRu.v2rn.d.htm
The Caney/Woodford Shale is a natural gas formation that runs throughout Oklahoma. It covers many counties in Oklahoma and RGNO apparently has some leases that overlap that formation.
newbeginner I would like to see news also. But I wouldnt be heartbroken if he waited until after Memorial Day. Many investors will be leaving for vacation over the next couple days. DFD is a prime example.
The problem with that run was that there were no production numbers released at the time. So they were able to drop it back down. A new higher base will be formed when production numbers are released. And they probably wont allow the share price to move much until those numbers are released. Production numbers are what will drive share price and will allow for a higher base.
etrd dropped the ask to .029 and someone bought at .029, hence the drop in share price. It dropped on a buy.
I sense a fight coming on lol. Pizza has style. Pizza is da man.
Pizza, you had asked about HMGP. So I gave my opinion on it and pointed out that it was trading at about 12 to 18 times estimated 2007 revenues at one point. So that is why it dropped.
Then I provided a few other examples of small oil company's that were trading at 9 to 10 times revenues. That is called trading at a mutliple of 9 to 10 times revenues (sales).
So the whole point of my posts were to show that many small cap oil stocks are trading at multiples of 9 to 10 times estimated 2007 revenues and in some cases even higher.
With RGNO the example I provided was only based on the one well, the WD #1. I was showing that even if RGNO only had one producing well for 2007 and it was their only source for the of revenue for the whole year then the current price we have today for the stock is still too low even if they had just one producing well for the whole year.
Obviously we know RGNO has many more wells than one well. I was just giving you an example to show how ridiculously undervalued our share price is compared to other oil stocks.
I was just showing that some small oil companies are trading at multiples of 10 times 2007 revenues or more.
So lets say RGNO came in with $75 million in revenues in 2007. That would give RGNO a $750 million market cap using 10x
2007 revenues as the multiple. ($750 million market cap divided by 165 million shares outstanding) Which would give RGNO a share price of $4.50 per share based on $75 million in sales and trading at a mutliple of 10x revenues.
Or lets say RGNO came in with $25 million in revenues in 2007. That would give RGNO a $250 million market cap using 10x 2007 revenues as the mutliple. ($250 million market cap divided by 165 million shares outstanding) Which would give RGNO a share price of $1.50 per share.
My earlier example was only based on one well. We know they have much more than that. I hope this clarified things. Sorry for the confusion.
oldsailor that post was about HMGP's decline. Not RGNO.
OT: Venture hello how are you? I didnt see your PM and I cant respond to PM's. The other stock you mentioned (HMGP) is fine. It is trading at a multiple of 5 to 6x projected 2007 sales which is a fair price. Before it was a little overvalued imho but now it has dropped to a reasonable level and should do fine imo. GLTY
Yeah I believe it. I would get lost thats for sure.
Cool have a great time and try not to get lost.
Yes you are right. Well maybe multiple wells but they can do it.
No, but I would make the trip. Pizzabuster makes me hungry every time he starts talking about pizza and italian food. And I could go to a Yankees game.
If they hit that number I will fly to Dallas, pick up Jerry and fly him to NYC and we can all eat pizza and calzone at pizzabusters place on me. And all of you will be invited also lol.
Their revenues for the first 4 months of 2007 came in at $478,000. So they are tracking towards about $1.5 million or $2 million in revenues for 2007.
As far as RGNO, RGNO has not released financials yet. So we dont know what they have yet in terms of overall revenues.
Yeah and they are hoping to get to 3000 Barrels of oil per month by summer.
Which equals 100 barrels of oil per day.
Which would put them at about $2 million in revenues per year.
So its trading at 5x projected sales. Not exactly cheap.
Good luck.
But it had a great run so a little pullback was to be expected. It is a solid stock wiuth a nice growth story.
I hope not. That stock dropped from .90 to .26 because the multiple was too hgh.
And according to an earlier PR the company estimated additional revenues in 2007 at $75 million. But I wont go there. We will be in the dollar ranges if that is the case. But that is getting way too far ahead. GLTY
We know that Regions has one well producing for sure. The WD #1 well which was pr'd in January came in at 273 mcf/day. So lets assume that Regions doesnt drill another well the whole year. And lets calculate what Regions market cap and price would be on the basis of that one well using a price/sales ratio of 9.
273 mcf/day = $700,000 in revenues per year for Regions.
(273 mcf/day x $7.00 natural gas = $1911 revenues per day x 365 days = $697,000 in revenues from one well, so round up to $700,000)
$700,000 in revenues x 9 (price to sales ratio) = $6.3 million market cap for the one well based on a price/sales ratio of 9.
So based on a price to sales of ratio of 9, Regions should have a $6.3 million market cap based on the one 273 mcf/day well.
$6.3 million mkt cap divided by 165 million shares outstanding = a share price of .038.
So on the basis of the one well, the WD #1 well which came in at 273 mcf/day and using a price to sales ratio of 9 that would give RGNO a market cap of $6.3 million. Which would equate to a .038 share price for just the one well.
Right now we are at .025.
So we are being priced on the basis of one well and are undervauled using a price/sales ratio of 9 even if this is the only well that is drilled the rest of the year.
But what about the other wells? Those arent even priced in at all.
That would be my pitch. A price/sales ratio of 9 is a bit high but there are plenty of other small cap oil stocks with debt and no growth that are trading at that multiple.
And as far as we know, Regions has no debt and should grow rapidly. Not to mention the fact that they will have numerous other wells in production now and if not now by years end.
If the fractures on the Gua #2 work that could bring in 5 mmcf/day. That would be about $10 million in additional revenues per year. $10 million in revenues x 9 (price/sales) would give Regions a $90 million market cap or about .50 per share. But I dont want to get to far ahead of myself. That is hypothetical. But I can say with almost certainty that they will definitely have more producing wells than the WD #1 this year and probably do already.