American Green Group, Inc. (AMNE)

[PIRAT]

Posted by: Millenium323
In reply to: cargo_hauler who wrote msg# 2302 Date:4/19/2007 8:07:16 AM
Post #of 2304

My no brainer pick would be RGNO (Region's Oil and Gas). RGNO's first well of 2007 came in at 273 mcf/day. By comparison WRNW, which is also a very good stock that I own, drilled several wells according to their April 12th press release that came in at 150 mcf/day combined.

RGNO went public on October 31, 2006. But they had preexisting leases in Oklahoma and Texas before they went public so they already have multiple fields which they will be drilling on and probably already had significant oil and ng production before they went public although they have not disclosed that yet. They have constant access to a drilling rig so they will have an active drilling program throughout 2007.

They have no debt, are paying for new properies and wells out of existing cash flow, have strong management that are oil industry veterans. Management said they will not dilute. They have 167 million shares outstanding with a float of around 65 million shares. Currently trading at .03 for a marlet cap of around $5 million.

They are due to release info on a new well. And management has said they will be releasing 1st qtr numbers which will include cash flow and revenue numbers. Once those numbers are released then investors will have a better idea of how many existing wells are actually in production.