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Strategies & Market Trends : Turn Around sub and penny stocks under a $1.00

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From: Tadsamillionaire10/1/2007 2:40:53 PM
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Regions Oil & Gas (Pink Sheets:RGNO) announced today they have made an initial payment towards acquiring a 620 acre block located in located in West Texas. Regions and their team estimate this acreage block contains up to 4 Million barrels of recoverable oil. At today’s prices, that is over $250 million in gross revenue.

This Acreage has never been explored and shows all of the geologic characteristics of a major field discovery located directly to the east of this block.

“It has been a challenge to get this lease done. Our plan was to lock up as much land in the immediate area as we could, and it looks like we have succeeded. If the potential is what we think, we do not want anyone coming in after we drill and taking advantage of our hard work. There are multiple land and mineral owners, so to get all of the land we wanted took some time. But we are right on track and I remain very excited about this play and am looking forward to drilling,” stated Jerry Griggs, CEO.
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