Regions Actively Exploring Synergistic Opportunities Regions Oil and Gas (Pink Sheets: RGNO) announced today that it is actively exploring synergistic opportunities to enhance shareholder value. Greg Dartez, the Companies Chief Financial Officer says, “We had a week in the field to really evaluate things and look at our current plan.” He further went on to say, “It appears to management that we could utilize our pink sheet status to acquire synergistic products and businesses and we plan to spend the balance of this year really evaluating the best way to do this.”
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.
Regions Explores State of The Art Technology That Enhances Secondary Oil Recovery Methods by Up To 100 Fold Thursday February 15, 5:00 am ET
DALLAS--(BUSINESS WIRE)--Regions Oil and Gas, Inc. (Pink Sheets: RGNO - News) announced today, they are exploring the use of a state of the art technology relating to secondary oil recovery. This unique Enhanced Recovery Method has been shown to increase production of marginal wells up to 100 fold. Reaching new levels in oil production such as this can mean billions of dollars in new revenue to the industry.
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