SOURCE: IO News Wire

IO News Wire

December 02, 2009 07:30 ET

(OTCBB: RYQG) Announces Completion of Its Second Well

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - December 2, 2009) - Royal Quantum Group, Inc. (OTCBB: RYQG) announced yesterday that they have completed drilling on their Bond #1-18.

Oklahoma currently produces over 183,000 barrels of oil a day by over 80,000 active drills with over 59% percent being recovered from or around the Nemaha Ridge region. Oklahoma's proven oil reserves are estimated at 610,000,000 barrels.

Royal Quantum Group has also announced recently the completion of its first completed well, Gleason #4-16 Well, also located in the Nemaha Ridge in Oklahoma.

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Other active stocks Precision Drilling Trust (NYSE: PDS) Patterson-UTI Energy (NASDAQ: PTEN) ERHC Energy (OTCBB: ERHE)

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