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Wednesday, March 14, 2007 6:33:03 AM
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
OTCPicks.com: OTCPicks.com Stocks to Watch for Wednesday, March 14th, WNYN, GLXI, RGNO, REOS, CTLG, POSC
Mar 14, 2007 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch for tomorrow include Warp 9 Inc (OTCBB: WNYN), Regions Oil and Gas (OTC: RGNO), Compress Technologies (OTC: CTLG), Globex Inc (OTC: GLXI), ReoStar Energy Corp (OTCBB: REOS), Positron Corp (OTCBB: POSC)
REGIONS OIL AND GAS (OTC: RGNO) "Up 26.47% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/RGNO.php
Regions Oil and Gas Corporation (OTC: RGNO) 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.
RGNO News:
March 7th - RGNO Signs Agreement to Begin Project with Upside of $200 Million
Regions Oil and Gas, Inc. (Pink Sheets: RGNO) announced recently 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.
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