SOURCE: Royal Quantum Group, Inc.

March 25, 2010 11:50 ET

Royal Quantum Announces Bond #2-18 Now in Production

CALGARY, AB--(Marketwire - March 25, 2010) -  Royal Quantum Group, Inc. (the "Company") (OTCBB: RYQG) announces the successful completion of the Bond #2-18 well located in Noble county Oklahoma. The well was perforated in the Wilcox formation and has been put on production at an initial rate of 35 barrels per day. Analysis of log data indicates potential production from the Skinner and Mississippi zones. Both the Skinner and Mississippi zones will remain behind pipe during production of the Wilcox zone. The company is continuing its review of additional lands for possible acquisition within the area. Royal Quantum has a 25% interest in this well and as per the terms of its financing, the company will distribute 60% of its revenue received from the Bond #2-18 to the unit holders.

Royal Quantum is a North American based exploration and development Company, focusing on the acquisition and development of cash flow or near term cash flow producing properties in the resource sector. Royal Quantum is a fully reporting public company trading on the OTCBB market under the symbol RYQG.

Statements released by Royal Quantum Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Contact Information

  • For additional information please contact:

    Royal Quantum Group, Inc.
    Suite # 145, 251 Midpark Blvd S.E.
    Calgary, AB T2X 1S3
    Tel: 403-288-4321
    Fax: 403-201-5792
    Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.