FCNK (Financial Commerce Network, Inc.) and Regions Oil & Gas Enter into Negotiations with Thomas International Drilling Management.DALLAS -- 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 TIDM Tradable Instrument Display Mnemonic (London Stock Exchange) 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 $1,800,000 annually to Regions' bottom line. "This acquisition, combined with our current oil and gas operating company operating company A business that engages in transactions with outsiders. 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Regions Oil and Gas, stated. About Regions Oil & Gas, Inc.: Regions Oil & Gas Corporation ("Regions" or the "Company") was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to other wise engage in the oil and gas industry and exploration business. The Company solicits and acquires from accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. the capital necessary to lease, develop, and complete oil and gas wells. Disclaimer: Certain information included in this communication contains statements that are forward looking, such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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