(OTCBB: RYQG) Begins Oil Extraction on Oklahoma Well
December 09 2009 - 6:30AM
Marketwired
Royal Quantum Group, Inc. (OTCBB: RYQG) announced yesterday their
successful completion of their Bond #1-18 Well in Oklahoma.
The average oil well in Oklahoma produces two barrels of oil per
day (BOPD). The Bond #1-18 Well has an initial flow of 120 BOPD.
Crude oil prices have moved between $70 and $80 a barrel in recent
days.
The Wilcox Zone, where the Bond #1-18 Well is located, is one of
Oklahoma's most prolific oil producing zones. Oklahoma is the fifth
largest producer of crude oil in the nation with over 23 billion
dollars annually contributing to Oklahoma's gross domestic
product.
For more information, please visit www.royalquantum.com.
Other active stocks are Chesapeake Energy Corp. (NYSE: CHK),
Zenergy International (PINKSHEETS: ZENG) and Hercules Offshore
(NASDAQ: HERO).
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