Richfield Oil & Gas Company Begins Trading on OTCQX®
NEW YORK, Jan. 29, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Richfield Oil & Gas Company (OTCQX: ROIL), a Utah-based oil and gas exploration and development company, has chosen to trade on OTCQX®, the qualified OTC marketplace with the highest financial standards and third-party sponsorship.
Richfield Oil & Gas Company will begin trading today on OTCQX U.S., a segment of the OTCQX marketplace reserved for high-quality U.S. companies that meet financial standards and provide timely news and disclosure to investors. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased Richfield Oil & Gas has chosen to trade on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Companies trading on OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards."
"We are proud to join OTCQX, the highest OTC marketplace," said Douglas C. Hewitt, Sr., CEO of Richfield Oil & Gas Company. "We are committed to providing our U.S. investors with timely news and information to help them better analyze, value and trade our securities."
Hart & Trinen, LLP will serve as Richfield Oil & Gas Company's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for sponsoring qualified companies and providing professional guidance on OTCQX requirements and U.S. securities laws.
Richfield Oil & Gas Company is an independent oil and natural gas company headquartered in Salt Lake City, Utah with substantially all of its producing assets located in Kansas and additional leasehold assets in Oklahoma, Utah and Wyoming. Founded in April 2011 by seasoned industry executives, the company is dedicated to creating significant value through the disciplined acquisition and the development of its inventory of assets. Richfield Oil & Gas Company's team of industry professionals is experienced in developing unrealized or underestimated value through recompletions in existing wellbores, optimized facility management and low-risk development drilling.
Richfield Oil & Gas Company trades in the U.S. on OTCQX under the symbol "ROIL."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
SOURCE OTC Markets Group Inc.