SOURCE: Royal Quantum Group, Inc.

January 26, 2010 13:05 ET

Royal Quantum Group, Inc. (OTCBB: RYQG) Drilling Underway on Bond #2 Well

CALGARY, AB--(Marketwire - January 26, 2010) - Royal Quantum Group, Inc. (the "Company") (OTCBB: RYQG) announces drilling is underway on the Bond #2-18 prospect. The Bond #2-18 will be a direct offset to the Bond #1-18 which is now in production. The Bond #2-18 prospect has the potential for several pay zones with the prime objective being the 1st Wilcox Sandstone.

The company closed its previously announced funding at 60 units for a total of $150,000. Each Unit consists of 5,000 restricted common shares of the Company and will pay a dividend to the unit holder on a portion of the revenue received from the well. In addition, each unit will carry an option to purchase shares in the Company at $0.25 per share for a period of 18 months.

Management is continuing its review of additional opportunities for participation in the drilling of oil and gas wells in the area to increase shareholder value.

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 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