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SmallCapNewsRelease:(OTCBB:RYQG) Strikes Oil in Oklahoma


JERICHO, NY--(SmallCapNewsRelease)--December 8th, 2009 Royal Quantum Group, Inc (OTCBB:RYQG) announced today that their Bond #1-18 well in Noble County, Oklahoma has begun extracting oil.

Flow tests were performed, and without stimulation, the well began extracting oil at a rate of 20 barrels per hour. The well was later choked back to 120 barrels per day.

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SmallCapNewsRelease gainers are RELM Wireless (AMEX:RWC) Biotime Inc (AMEX:BTIM) Quadramed Corp (NASDAQ:QDHC) Talbots Inc (NYSE:TLB) Hoku Scientific (NASDAQ:HOKU) eOn Communications Corp (NASDAQ:EONC) FedFirst Financial Corp (NASDAQ:FFCO) McClatchy Company (NYSE:MNI)

SmallCapNewsRelease decliners are PharmAthene Inc (AMEX:PIP) JW Mays Inc (NASDAQ:MAYS) SCM Microsystems (NASDAQ:SCMM) Authentidate Holding (NASDAQ:ADAT) Southern Connecticut Bancorp (AMEX:SSE) e-Future Information (NASDAQ:EFUT) Genetic Technologies (NASDAQ:GENE) Imperial Sugar Company (NASDAQ:IPSU)

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