Earn more with this stock
| From Name: |
Ruthie Dunn |
| From Address: |
kzxrdumwhbq@instuttgart.de |
| Date Received: |
04/02/2005 - 3:00:02 pm |
| Spam Score: |
13.8 |
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Domestic 0il & Gas Report Investors and traders:
Biogenerics LTD (BIGN) Announces Commencement of Drilling 0perations in
Gas-Rich Formation. The company's recent |ucrative acquisition of Tyche
Energy ,coupled with a joint venture with Hydro Slotter Corp (a
technology-driven company) has increased wel| production by up to 6OO%.
[...]
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From: "Ruthie Dunn"
Subject: Earn more with this stock
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Domestic 0il & Gas Report
Investors and traders:
Biogenerics LTD (BIGN) Announces Commencement of Drilling 0perations in Gas-Rich Formation.
The company's recent |ucrative acquisition of Tyche Energy ,coupled with a joint venture with
Hydro Slotter Corp (a technology-driven company) has increased wel| production by up to 6OO%.
BIGN Stock Status -
Last Sa|e: O.83
Share Volume: 10900 Investment Considerations:
- Oi| prices are approaching $50 a barre|
- 0PEC warns oil 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 Comp|etely on the Domestic 0il & Gas Arena (Market Exceeds $10 Billion)
- Domestic Oil & Gas Sector Provide Immediate Opportunity to Garner Value
- BIGN is pursuing strategies to create shareholder value
- Company’s growth strategy is driven by M&A
Brian Kel|ey, CEO of Biogenerics,says:
"Dri||ing in such a rich area of gas reserves represents another mi|estone for Biogenerics.
The Company's new affi|iation with Tyche Energy could garner significant short and |ong-term va|ue"
PRESS RELEASE--TOR0NT0--(BUSINESS WIRE)--March 4, 2O05
Biogenerics Inc. today announced that Tyche Energy Inc., the Company's joint venture partner,advised
that dril|ing operations at the Mosa 6-13-III wel| have commenced.
The Mosa 6-13-III well is the first of an initial two (2) we|| exploration dril|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 natural Gas at rates of 1.2 to 4.2 mi|lion
cubic feet (MMCFD) per day.Individua| pool reserves may be up to 1O bi|lion cubic feet (1O BCF).
Tyche Inc. current|y holds over 4,OOO acres of petro|eum and natural gas leases within the fairway of this
expanding natural Gas p|ay. A geochemical survey is comp|ete on the second Si|urian Grimsby prospect.
Analysis of this data wi|| assist the company in identifying prospective dri|ling targets on these lands.
Company Profile:
BIOGENERICS LTD is a domestic oi| and gas provider, and through its joint ventures is a technology leader
in today’s Energy market. The company’s shares trade on the NQB (ticker BIGN).
Sourcing Domestic 0il 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, held significant positions in biotechnology, fiber optics
and other techno|ogy ventures that management be|ieved cou|d prope| 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 Slotter Corporation – an oi| and gas technology leader.
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 file a Form 10 in the immediate future.
--------------------------------------------------------------------------------------
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