The Royal Quantum Group, a company committed to creating value for its shareholders by building a portfolio of mineral properties consisting of Uranium, Precious Metals and Base Metals, is seeking investors to fund up to $10 million U.S. dollars for the purchase of an oil field in Ohio. The 6,079 acre Ohio property has a total of 171 wells that have been drilled and are in production. There is potential for an additional 100 new wells that will be conventionally drilled and are likely to encounter new Hydrocarbon Reservoirs based on geological evaluations.
In addition to the Oil Reservoirs, there exists an undeveloped Coal – Bed Methane gas reserve potential, and coal rights, which will come with the purchase of the property. Dr. M. Hugh Hefner, a geologist with extensive knowledge in the area, has provided a detailed independent asset appraisal report, which is available for qualified parties. In this report Dr. Hefner lists the lifetime Gross Income potential of this property to be valued in excess of $1.055 billion U.S. dollars.
The Royal Quantum Group has other current projects such as their Sheep Mountain, WY site that is estimated to contain more than 57.7 million pounds of U308 Uranium. They are also continually evaluating gold and copper mining projects searching for the right one that compliments their mission statement. RYQG.OB is currently trading at $0.11 per share, which is 336% below its 2007 high of $0.37 per share, and with the current Ohio property purchase on the horizon it could be a great time to buy.
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