Regions Oil and Gas, Inc. $50 bucks a barrel those were the days in 2006
(Pink Sheets: FCNK) is pleased to announce a tentative date has been set for work to commence on their water flood/secondary recovery project in Oklahoma. Work is scheduled to begin the week of December 4th. Geological records indicate between 200,000 and 350,000 BO of recoverable oil in this reservoir.At $50.00 per barrel this equates to approximately $10,000,000. "Getting this project started is a milestone for Regions and our relationship with our share holders. If this project meets our expectations, not only we will we have a healthy return on our investment, but it will further validate to our share holders that our philosophy (of bringing new life to old forgotten fields) works," Jerry Griggs stated.