SOURCE: Royal Quantum Group, Inc.

March 01, 2010 13:07 ET

Royal Quantum Announces Drilling Completed on Bond Prospect

CALGARY, AB--(Marketwire - March 1, 2010) -  Royal Quantum Group, Inc. (the "Company") (OTCBB: RYQG) announces drilling has completed on the Bond #2-18 well, located on the Nemaha Ridge in north central Oklahoma. The well reached total depth at 5,500feet. Log analysis indicates multiple zones of potential production including the Skinner, Mississippi and Wilcox. A completion rig will be moved onto the location in the coming days. The first completion attempt will be within the Wilcox zone.

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 atwww.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.