RGNO Board: I am long now, haven't always been. I bought this in march after the huge run to 0.25. Unfortunately I started bying at 0.06 on a minirun to 0.07. I have averaged down since but is still down 80% on this investment. I DO believe RGNO is for real and that the company and stock will eventually earn me money - might take another year, but so be it! I am convinced that when all the ducks are lined up, we will get everything PR'ed. Merger/joint venture, production #s, reserves, revenue etc. This is still just a baby company!Hopefully the dilution that has occured is being put in to good things. We have 22-24 leatherneck wells... we own around 8 wells 100%, some maybe 40-50% and some maybe just 10% because of direct investors. Then we have q-star lease. Great potential! Up to 250,000 barrels in recoverable oil. Then there is the west texas play. Up to 4 million recoverable barrels!Then is the new oklahoma lease, that could off set some nice production very quickly! With a merger/joint venture we could speed up drilling and fracturing and see alot more production soon! That is why I am still here!
With that said I DO think that jerry and co. has let us down in 2007. Excellent PR's in the beginning of the year with HUGE potential (75 million in rev. for 2007) I don't know where jerry got those numbers from!?!?! He has not come through for us... Very few follow up PR's with no real factual information. Always seems to be a new excuse for not spilling the beans. Promised numerous thing on the phone (ex. no dilution) that never came true anyway. Company is ONLY reason the stock has dropped to this level. Maybe MM games and shorters as well. Stock has only gone DOWN for months and months.That's why everybody is so tired of this company at the moment.
Furthermore I would like to say that it is tiresome to hear the same posters keep saying the same BS all the time! If you are a not a stockholder - stay away! Whining doesn't help this board or this forum... Boardmarks are falling! down 205 now. We are all dissapointed of RGNO and how 2007 turned out. Let us just hope that 2008 is our year! Lets TRY and stay a bit positive.
Merry christmas everyone!
-Thommy
