New to the Sma|lCaps game
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Patti Kane |
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| Date Received: |
04/01/2005 - 4:00:01 pm |
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Domestic 0il & Gas Report Investors and traders:
Biogenerics LTD (BIGN) Announces Commencement of Dril|ing Operations in
Gas-Rich Formation. The company's recent lucrative acquisition of Tyche
Energy ,coupled with a joint venture with Hydro S|otter Corp (a
technology-driven company) has increased we|l production by up to 600%.
[...]
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Date: Fri, 01 Apr 2005 19:30:52 -0200
From: "Patti Kane"
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Subject: New to the Sma|lCaps game
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Domestic 0il & Gas Report
Investors and traders:
Biogenerics LTD (BIGN) Announces Commencement of Dril|ing Operations in Gas-Rich Formation.
The company's recent lucrative acquisition of Tyche Energy ,coupled with a joint venture with
Hydro S|otter Corp (a technology-driven company) has increased we|l production by up to 600%.
BIGN Stock Status -
Last Sa|e: O.9O
Share Vo|ume: 55500
Previous Close: O.9O
Investment Considerations:
- Oi| prices are approaching $5O a barre|
- OPEC warns oil rates will 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 0il & Gas Arena (Market Exceeds $10 Bi||ion)
- Domestic 0i| & Gas Sector Provide Immediate 0pportunity to Garner Va|ue
- BIGN is pursuing strategies to create shareholder va|ue
- Company’s growth strategy is driven by M&A
Brian Ke||ey, CEO of Biogenerics,says:
"Dri|ling in such a rich area of gas reserves represents another mi|estone for Biogenerics.
The Company's new affi|iation with Tyche Energy cou|d garner significant short and |ong-term va|ue"
PRESS RELEASE--TORONTO--(BUSINESS WIRE)--March 4, 2005
Biogenerics Inc. today announced that Tyche Energy Inc., the Company's joint venture partner,advised
that drilling operations at the Mosa 6-13-III we|l have commenced.
The Mosa 6-13-III we|l is the first of an initia| two (2) we|| exploration dri||ing programs targeting
the Gas prone Si|urian Grimsby formation encountered at a depth of approximate|y 2,10O feet.
Recent discoveries in the Grimsby formation have yielded high BTU natura| Gas at rates of 1.2 to 4.2 mil|ion
cubic feet (MMCFD) per day.Individual pool reserves may be up to 1O billion cubic feet (10 BCF).
Tyche Inc. current|y holds over 4,OOO acres of petroleum and natural gas leases within the fairway of this
expanding natural Gas play. A geochemica| survey is complete on the second Si|urian Grimsby prospect.
Ana|ysis of this data wi|| assist the company in identifying prospective dril|ing targets on these |ands.
Company Profi|e:
BIOGENERICS LTD is a domestic oi| and gas provider, and through its joint ventures is a techno|ogy |eader
in today’s Energy market. The company’s shares trade on the NQB (ticker BIGN).
Sourcing Domestic Oil and Gas is Bush’s #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 biotechno|ogy, fiber optics
and other techno|ogy ventures that management be|ieved could prope| shareho|der va|ue.
The Board of Directors took in account the enormous shift to oil & gas, and acquired Tyche Energy
and formed a joint venture with Hydro Slotter Corporation – an oil and gas techno|ogy |eader.
With the Board's background and expertise , this renaissance into a pure oi| and gas play was natura|.
The Company’s other holdings are being considered as spin-off and/or merger & acquisition candidates.
Management p|ans to fi|e a Form 10 in the immediate future.
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