SOURCE: Royal Quantum Group, Inc.

December 08, 2009 09:00 ET

Royal Quantum Announces Successful Completion of Bond #1-18

CALGARY, AB--(Marketwire - December 8, 2009) - Royal Quantum Group, Inc. (OTCBB: RYQG) (the "Company") announces the successful completion of the Bond #1-18 well located in Noble County, Oklahoma. The well was perforated in the Wilcox formation and open flow tested without stimulation at an initial rate of 20 barrels per hour of light crude. In keeping with good engineering practice the well was choked back to a 9/64 choke and is currently flowing at a rate of approximately 120 bbls per day. A number of offset locations could be drilled on the surrounding lands in which the company has an interest. Further analysis of log data from the Bond well also indicates the potential for production from the Mississippi zone but this zone will remain behind pipe during production of the Wilcox zone. The company expects that both the Wilcox and the Mississippi zones will be productive in the offset locations.

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.

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.

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