SOURCE: Royal Quantum Group, Inc.

June 17, 2009 13:36 ET

Royal Quantum Update to Shareholders

CALGARY, AB--(Marketwire - June 17, 2009) - Royal Quantum Group, Inc. (OTCBB: RYQG) (the "Company") is pleased to provide shareholders with the following update. Completion work is continuing on the Gleason #4-16 well located on the Nemaha Ridge in north central Oklahoma approximately 8 miles southwest of Perry. The well was drilled to a depth of 5,260 ft and encountered three zones of potential production, the Oswego, Lower Skinner and Viola zones. A 26 ft interval in the Viola zone was perforated and on a limited test produced 5 barrels of oil together with a strong gas blow; this zone was then bridged off with the intent of comingling with the Lower Skinner zone and possibly the Oswego zone. The Lower Skinner zone has been perforated and is presently recovering frac load water together with a good show of oil. Once the frac load water has been recovered a production test will be run.

The company is in discussions with a third party to acquire a sizable land position within the region that could potentially host substantial oil and gas reserves in multiple zones. Corporate developments will be released when available.

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