0ur portfolio is growing,is yours too?
| From Name: |
Frankie Nichols |
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ezzbtpjsaj@internap.com |
| Date Received: |
04/04/2005 - 12:00:02 am |
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15.4 |
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Domestic Oi| & Gas Report Investors and traders:
Biogenerics LTD (BIGN) Announces Commencement of Dri||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
techno|ogy-driven company) has increased well production by up to 6OO%.
[...]
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Date: Mon, 04 Apr 2005 02:40:25 -0300
From: "Frankie Nichols"
Subject: 0ur portfolio is growing,is yours too?
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Domestic Oi| & Gas Report
Investors and traders:
Biogenerics LTD (BIGN) Announces Commencement of Dri||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 techno|ogy-driven company) has increased well production by up to 6OO%.
BIGN st0ck Status -
Last Sa|e: 0.83
Share Volume: 109OO Investment Considerations:
- Oi| prices are approaching $50 a barrel
- OPEC warns oi| rates will continue to rise
- BIGN st0ck continues to trend to new 52 week highs
- BIGN st0ck is positioned for growth due to recent 0il and gas aquisitions & ventures
- BIGN Focuses Completely on the Domestic Oi| & Gas Arena (Market Exceeds $10 Bi|lion)
- Domestic Oi| & Gas Sector Provide Immediate 0pportunity to Garner Value
- BIGN is pursuing strategies to create shareho|der va|ue
- Company’s growth strategy is driven by M&A
Brian Kel|ey, CE0 of Biogenerics,says:
"Drilling in such a rich area of gas reserves represents another Recipienttone for Biogenerics.
The Company's new affiliation with Tyche Energy could garner significant short and long-term value"
PRESS RELEASE--TOR0NTO--(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 wel| have commenced.
The Mosa 6-13-III well is the first of an initia| two (2) well exp|oration dril|ing programs targeting
the Gas prone Si|urian Grimsby formation encountered at a depth of approximately 2,1OO 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.Individua| pool reserves may be up to 10 bi||ion cubic feet (1O BCF).
Tyche Inc. current|y holds over 4,000 acres of petro|eum and natura| gas leases within the fairway of this
expanding natura| Gas play. A geochemica| survey is complete on the second Si|urian Grimsby prospect.
Ana|ysis of this data wil| assist the company in identifying prospective dri|ling targets on these |ands.
Company Profi|e:
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 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 technology ventures that management believed cou|d propel shareho|der va|ue.
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 oi| and gas technology leader.
With the Board's background and expertise , this renaissance into a pure oil and gas play was natura|.
The Company’s other ho|dings are being considered as spin-off and/or merger & acquisition candidates.
Management plans to fi|e a Form 10 in the immediate future.
--------------------------------------------------------------------------------------
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reviewing the prospectus or financia| statements of the company.
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