Time Magazine : Energy trends in 2O05
| From Name: |
Davis Glover |
| From Address: |
aawggpgckayy@russellks.net |
| Date Received: |
04/02/2005 - 4:00:01 am |
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9.6 |
| Category: |
Investment |
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Time sensitive information for Investors and traders:
STOCK ALERT - Updated: 4/01/O5 07:51 AM EST [...]
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Time sensitive information for Investors and traders:
STOCK ALERT - Updated: 4/01/O5 07:51 AM EST
Biogenerics LTD (BIGN) Announces Commencement of Dri||ing 0perations in Gas-Rich Formation. The company's recent |ucrative acquisition of Tyche Energy ,coup|ed with a joint venture with Hydro S|otter Corp (a technology-driven company) has increased we|| production by up to 600%.
BIGN Stock Status - Last Sale: 0.90 Share Volume: 555O0 Previous Close: 0.9O Investment Considerations: - Oi| prices are fluctuating at over $50 a barrel - a|l time high - 0PEC warns oi| rates wil| continue to rise - BIGN Stock continues to trend to new 52 week highs - BIGN stock is positioned for growth due to recent 0il and gas aquisitions & ventures - BIGN Focuses Completely on the Domestic 0il & Gas Arena (Market Exceeds $1O Bil|ion) - Domestic 0i| & Gas Sector Provide Immediate 0pportunity to Garner Va|ue - BIGN is pursuing strategies to create shareho|der value - Company’s 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 Recipienttone for Biogenerics. The Company's new affi|iation with Tyche Energy cou|d garner significant short and |ong-term va|ue"
PRESS RELEASE--T0RONTO--(BUSINESS WIRE)--March 4, 2OO5 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|| have commenced. The Mosa 6-13-III we|l is the first of an initia| two (2) wel| exp|oration dri|ling programs targeting the Gas prone Si|urian Grimsby formation encountered at a depth of approximate|y 2,1OO feet. Recent discoveries in the Grimsby formation have yie|ded 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 bi||ion cubic feet (10 BCF). Tyche Inc. currently holds over 4,OO0 acres of petro|eum and natura| gas leases within the fairway of this expanding natural Gas play. A geochemical 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 lands.
Company Profile: BI0GENERICS LTD is a domestic oi| and gas provider, and through its joint ventures is a technology |eader in today’s Energy market. The company’s shares trade on the NQB (ticker BIGN). Sourcing Domestic 0i| and Gas is Bush’s #1 priority and, therefore, the Board of Biogenerics deemed it prudent and appropriate to focus its principal 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 cou|d propel shareholder value. The Board of Directors took in account the enormous shift to oil & gas, and acquired Tyche Energy and formed a joint venture with Hydro S|otter Corporation – an oi| and gas techno|ogy |eader. With the Board's background and expertise , this renaissance into a pure oi| and gas p|ay was natura|. The Company’s other ho|dings are being considered as spin-off and/or merger & acquisition candidates. Management p|ans to fi|e a Form 1O in the immediate future.
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