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Royal Quantum Acquires Additional Land in Oklahoma and Drills Its 4th Well

^{Published on 2010-05-11 12:00:16 - Market Wire}
 

CALGARY, AB--(Marketwire - May 11, 2010) - Royal Quantum Group, Inc. (OTCBB: [ RYQG ]) (the "Company") announces it has leased an additional 462 acres of land in the state of Oklahoma, in the vicinity of its producing Bond #1 and Bond #2 wells. The company has a 25% interest in this acreage. The company has completed the drilling of its 4^th well, the Sattler #1 on the newly acquired acreage. The well has been logged and completion plans are now underway. Royal Quantum will have a 25% interest in the Sattler #1, and retain 40% of the net revenue generated from the well.

Updates on the company's three producing wells are as follows: The Bond #1 is continuing to flow at an average of 70 Bbls per day. The Bond #2 is producing at an average rate of 30 Bbls per day and the Gleason well is continuing its production at a rate of 5Bbls per day. All of the wells have associated gas sales. The company has a 36% interest in the Gleason well, and a 25% interest in each of the Bond #1 and Bond #2 wells. Per the terms of the funding agreements, the company retains 40% of the net revenue from the wells.

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.