ret, Citing this press release might help our cause. It is nothing but a blatant misrepresentation of their real intent. None of the things that they mentioned in this PR actually took place. I am bringing up this one in particular because this was one of the last PRs they put out before they bailed out on us.
Regions Engages Strategic Growth Consultant
Nov 20, 2007 12:13:01 (ET)
DALLAS, Nov 20, 2007 (BUSINESS WIRE) -- Regions Oil and Gas (Pink Sheets:RGNO) announced today that it has engaged a strategic growth consultant to work with the Company on its business and growth strategies and objectives. These strategies and objectives are broken down into two categories: Business operations and Oil field operations/expansion. The areas of focus for the business operations category include:
-- Establishment of an investor relations department
-- Automation of back end operations
-- Exploring alternative funding options
The company is also looking to expand on their strategy of bringing new life to old forgotten fields by:
-- Documenting methods and procedures of successful field practices
-- Bringing successful field practices and techniques to new geographic areas
-- Expansion into oil field services sector
-- Large scale Caney-Woodford Shale lease acquisitions
-- Large scale Coalbed Methane lease acquisitions
"From my conversations with shareholders I have learned there is one common issue that keeps coming up, current and up to date company information. Hopefully our share holders will see that we are working to be able provide them with the information they need. This addition to the team should show we have been listening and are taking action to address their concerns," said Jerry Griggs, Chief Executive Officer Regions Oil and Gas.
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. 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.
Disclaimer:
Statements released by Regions Oil and Gas, Inc. that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
SOURCE: Regions Oil and Gas, Inc.
Regions Oil & Gas, Inc.
Jerry Griggs, 1-877-9REGION
All posts are only my opinion and are not buy or sell recommendations.
AI
