OTCPicks.com Announces Profile Coverage for Radial Energy, Inc.DALLAS -- Brian Dean, Publisher of OTCPicks.com, announced today that it has initiated Profile Coverage of Radial Energy, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : RENG). Mr. Dean comments, "Radial Energy recently reported from Peru with favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. news as regards the recommencement Re`com`mence´ment n. 1. A commencement made anew. Noun 1. recommencement - beginning again resumption of drilling operations at the Company's Huaya 100-1X well located in eastern Peru's Ucayali Basin. The company has produced replacement parts for the drill rig's power head and once drilling resumes, the Company plans to reach a target depth of approximately 950 feet within 3 to 5 days and then proceed to logging and production testing the Huaya 100-1X test, which targets an estimated 15.3 million gross barrels of trapped oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally classified by third party reserve assessments as Proved Undeveloped." To view the OTCPicks.com Company Profile for Radial Energy, Inc., please visit: http://www.otcpicks.com/profiles/reng/index.php. About Radial Energy, Inc. Radial Energy Inc., (OTCBB: RENG) based in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the is engaged in the identification, acquisition, exploration and development of low risk oil and natural gas opportunities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The Company identifies opportunities in the oil and natural gas energy reserves that are either under developed or overlooked by the industry. The Company's strategy is to identify oil and gas fields that were drilled but presently lie abandoned. Radial Energy uses state-of-the-art technology to drill the oil and gas fields, which helps in better utilization of resources. About OTCPicks.com OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap microcap 1. Of or relating to the common stock of a company with a small capitalization, usually between $50 million and $250 million. Microcap stocks tend to experience volatile price movements and are subject to investment fraud schemes. companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. The Company can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. Disclosure: OTCPicks.com has been compensated seven thousand five hundred dollars by a third party for RENG advertising and promotional services. OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk. |
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