SOURCE: IO News Wire

IO News Wire

December 09, 2009 07:30 ET

(OTCBB: RYQG) Begins Oil Extraction on Oklahoma Well

Note to Editor, the following is an investment opinion issued by the IO News Wire

NEW YORK, NY--(Marketwire - December 9, 2009) - 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.

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Other active stocks are Chesapeake Energy Corp. (NYSE: CHK), Zenergy International (PINKSHEETS: ZENG) and Hercules Offshore (NASDAQ: HERO).

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