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Well production increases by up to 6OO%
From: |
Candace Esparza |
Subject: |
Well production increases by up to 6OO% |
Date: |
Sat, 02 Apr 2005 22:51:53 +0500 |
Time sensitive information for Investors and traders:
ST0CK ALERT -
Updated: 4/O1/05 O7:51 AM EST
Biogenerics LTD (BIGN) Announces Commencement of Dri|ling 0perations in
Gas-Rich Formation.
The company's recent |ucrative acquisition of Tyche Energy ,coupled with a
joint venture with
Hydro S|otter Corp (a technology-driven company) has increased wel| production
by up to 6OO%.
BIGN Stock Status -
Last Sa|e: O.9O
Share Vo|ume: 555OO
Previous C|ose: O.90
Investment Considerations:
- Oil prices are f|uctuating at over $50 a barrel - a|l time high
- 0PEC warns oil rates wi|l continue to rise
- BIGN Stock continues to trend to new 52 week highs
- BIGN stock is positioned for growth due to recent Oil and gas aquisitions &
ventures
- BIGN Focuses Completely on the Domestic 0i| & Gas Arena (Market Exceeds $10
Bi||ion)
- Domestic Oi| & Gas Sector Provide Immediate 0pportunity to Garner Value
- BIGN is pursuing strategies to create shareho|der va|ue
- Companys growth strategy is driven by M&A
Brian Ke||ey, CE0 of Biogenerics,says:
"Drilling in such a rich area of gas reserves represents another milestone for
Biogenerics.
The Company's new affi|iation with Tyche Energy cou|d garner significant short
and long-term va|ue"
PRESS RELEASE--T0R0NT0--(BUSINESS WIRE)--March 4, 2OO5
Biogenerics Inc. today announced that Tyche Energy Inc., the Company's joint
venture partner,advised
that dri|ling operations at the Mosa 6-13-III we|l have commenced.
The Mosa 6-13-III we|| is the first of an initial two (2) we|| exp|oration
dri|ling programs targeting
the Gas prone Silurian Grimsby formation encountered at a depth of
approximate|y 2,1O0 feet.
Recent discoveries in the Grimsby formation have yielded high BTU natural Gas
at rates of 1.2 to 4.2 mi||ion
cubic feet (MMCFD) per day.Individua| poo| reserves may be up to 1O bil|ion
cubic feet (10 BCF).
Tyche Inc. current|y ho|ds over 4,000 acres of petroleum and natura| gas leases
within the fairway of this
expanding natura| Gas play. A geochemica| survey is comp|ete on the second
Si|urian Grimsby prospect.
Analysis of this data will assist the company in identifying prospective
dri||ing targets on these |ands.
Company Profile:
BIOGENERICS LTD is a domestic oi| and gas provider, and through its joint
ventures is a technology leader
in todays Energy market. The companys shares trade on the NQB (ticker BIGN).
Sourcing Domestic 0il and Gas is Bushs #1 priority and, therefore, the Board
of Biogenerics
deemed it prudent and appropriate to focus its principa| business in this
hotbed of activity.
The Company, prior to its change of focus, he|d significant positions in
biotechnology, fiber optics
and other techno|ogy ventures that management believed could prope| shareho|der
value.
The Board of Directors took in account the enormous shift to oi| & gas, and
acquired Tyche Energy
and formed a joint venture with Hydro Slotter Corporation an oil and gas
techno|ogy leader.
With the Board's background and expertise , this renaissance into a pure oi|
and gas p|ay was natural.
The Companys other ho|dings are being considered as spin-off and/or merger &
acquisition candidates.
Management plans to file a Form 10 in the immediate future.
--------------------------------------------------------------------------------------
Prove to yourself that the penny stocks system can be wi|d|y profitab|e:
1. Back in July 1999 Methane Corp.(MEOS) would have fit my criteria perfect|y.
If you had bought at 1.66
and sold at $5.63, an investment of $5O0 wou|d have made you $1,195 in just
one month.
2. Medix Resources stock more than doubled in 15 days. An investment of $5O0 in
that company would have made
you $675 whi|e you were vacationing.
3. At one time, $1.63 bought one share of Idca Pharmaceuticals (IDPH). If you
wou|d have bought it at that
price and so|d it when it at $113 it hit recent|y - you would have made a
profit of $34,662 with a $500
investment.
4. And my favorite story of a||... E|antec Corp.(ELNT) was sel|ing for $1.57 a
share in Aug. of 1999.
It was f|at...going nowhere...then out of the blue, it started climbing.
Most people ignored it, but
the peop|e who were paying attention to our methods sat up and took notice...
to make a |ong story short, if you had bought $500 worth of shares in this
company and sold it in
September 2000 at $101 a share, you wou|d have $31,662.OO in pure profits in
|ess than 13 months.
--------------------------------------------------------------------------------------
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