SOURCE: Royal Quantum Group, Inc.
Dec 01, 2009 18:34 ET
Royal Quantum Announces Drilling Completed on Bond Prospect
CALGARY, AB--(Marketwire - December 1, 2009) - Royal Quantum Group, Inc. (OTCBB: RYQG) (the "Company") announces drilling has been completed on the Bond #1-18 well, located on the Nemaha Ridge in north central Oklahoma. The well was drilled to a total depth of 5,485 feet. Analysis of log data shows the potential for production from the Wilcox and Mississippi zones. A completion rig is scheduled to be moved onto the location in the coming days. The first completion attempt will be focused within a 30 foot section of the Wilcox zone. The drill samples from this section were heavily oil saturated. Data from the logs also indicate numerous potential hydrocarbon zones in the Mississippi section.
Royal Quantum is a North American based exploration and development Company, focusing on the acquisition and development of cash flow or near term cash flow producing properties in the resource sector. Royal Quantum is a fully reporting public company trading on the OTCBB market under the symbol RYQG.
Statements released by Royal Quantum Group, 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 as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
For additional information please contact:
Royal Quantum Group, Inc.
Suite # 145, 251 Midpark Blvd S.E.
Calgary, AB T2X 1S3
Tel: 403-288-4321
Fax: 403-201-5792
