Wednesday, March 07, 2007 11:50:53 AM
ok, there should come a new PR, with a higher estimate, like 250mill $$. Because of the new contract.
This will end with a huge climb this week.
Best Regards KingLasse
Regions Oil and Gas, Inc. Updates Shareholders on 2007 Goals (Conservative Estimates: $75 Million in additional Revenue)
Thursday January 4, 6:00 am ET
DALLAS--(BUSINESS WIRE)--Regions Oil and Gas, Inc. (Pink Sheets: FCNK - News) announces today their plans for 2007. They have spent several months diligently working on several projects that will add substantial growth and sizeable revenue in the 2007 fiscal year.
Greg Dartez, company's Secretary, released the following summary on upcoming projects/prospects for 2007:
Water Flood Project; potential of approximately $10 million in revenue
Formation of Commercial Water Disposal facility
Known Wilcox field expansion
Bulk crude sales estimating $2.4 million annual revenue
Operational expansion into North East Oklahoma
Coalbed Methane wells
Drilling Rig Management Company
Potential Caney/Woodford Shale production
"We are looking forward to 2007 and expect explosive earnings for the new year. The summary (that Greg has released) shows we have plenty to do this year and we are very confident and optimistic about completing each project. As progress continues, we will keep all of the shareholders updated," stated Jerry Griggs, CEO.
Griggs said the company expects production to grow steadily in 2007 and estimates additional revenue at approximately $75 million.
About Regions Oil & Gas, Inc.: Regions Oil & Gas Corporation ("Regions" or the "Company") was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to otherwise engage in the oil and gas industry and exploration business. The Company solicits and acquires from accredited and institutional investors, the capital necessary to lease, develop, and complete oil and gas wells. Their philosophy and strategy is "Bringing New Life to Old Forgotten Fields." The fields in question were generally produced in the early 1900s with the mind set and technology created during the industry's infancy. As a result, these wells have large amounts of oil still in reserves.
RGNO will hit the 1$ mark IMO
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM
North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia • NBRI • Nov 4, 2024 9:00 AM
Rainmaker Worldwide Inc. to Assume Direct, Non-Dealer Sales of Miranda Water Technologies in U.S. and Mexico in First Quarter of 2025 • RAKR • Nov 4, 2024 8:31 AM
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM