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Sunday, 12/30/2007 9:07:32 PM

Sunday, December 30, 2007 9:07:32 PM

Post# of 76394
RGNO oil sales(january through october)
I went back though This years sales reports(300r) posted on the oklahoma corportation commission web site. The only company that i could find buying RGNO oil is Independent Oil Services Co. Purchaser # 17688. The 3 wells listed that I believe are at least partially owned by Regions/Leatherneck are Pipco George wells, William mckinley hill, and iwo jima. It seems that RGNO has been producing and selling oil off and on through out this year. According to these reports RGNO has sold 835 barrells of oil out of these 3 wells this year. AT 85 dollars a barrell that is a grand total of $70,979.
Pipco Geaorge wells 162.87(1/07), 145.36(7/07), 153.72(9/07) total 461.95 gross barrels
William mckinley hill 71.54(2/07), 26.34(3/07)
total 97.88 gross barrels
iwo jima 137.94(1/07), 137.94(9/07)
total 559.83 gross barrels

Why weren't we producing and selling oil every month?
I would love to know what everyone makes of this information. Hopefully in 2008 with some "synergy" we will be able to greatly improve on these numbers.