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FCNK (Financial Commerce Network, Inc.)
Announces the Reverse Merger into Regions Oil & Gas;
1 Billion Dollars in Estimated Oil Reserves

DALLAS–(BUSINESS WIRE)–

Financial Commerce Network Inc. (Pink Sheets:FCNK) is currently in negotiations with Thomas International Drilling Management, a Texas corporation, to purchase a 25% stake in their drilling management company. TIDM currently has a two year drilling contract with an independent oil and gas company. The drilling rig TIDM manages is rated at 23,000 feet. There is also the option to add another rig under management in mid 2007, effectively doubling the amount of projects TIDM and Regions can take part in. This partnership could add about 1.8 Million U.S. annually to Regions’ bottom line.

“This acquisition, combined with our current oil and gas operating company in Oklahoma, gets us closer to our goal of being the one stop shop that small independent oil and gas companies prefer to use, due to the ease of the whole process,” Jerry Griggs, President and CEO, Regions Oil and Gas, stated.

About Regions Oil & Gas, Inc.: Regions Oil & Gas, Inc. (”Regions” or the “Company”) was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to otherwise engage in the oil and gas industry and exploration business. The Company solicits and acquires from accredited and institutional investors, the capital necessary to lease, develop, and complete oil and gas wells.

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Watch daily for more press releases and updated info from the drilling field.

Geschrieben am 15. December 2006 um 23:26 Uhr von admin
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