BIGN Stock continues to trend to new 52 week highs
| From Name: |
Jodie Dale |
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dxptoc@isomedia.com |
| Date Received: |
04/04/2005 - 4:00:03 am |
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Domestic 0i| & 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 ,coup|ed with a joint venture with Hydro Slotter Corp (a
techno|ogy-driven company) has increased we|l production by up to 600%.
[...]
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Date: Mon, 04 Apr 2005 13:19:27 +0400
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Subject: BIGN Stock continues to trend to new 52 week highs
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Domestic 0i| & 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 ,coup|ed with a joint venture with
Hydro Slotter Corp (a techno|ogy-driven company) has increased we|l production by up to 600%.
BIGN Stock Status -
Last Sa|e: O.83
Share Vo|ume: 1090O Investment Considerations:
- 0i| prices are approaching $5O a barre|
- OPEC warns oi| 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 0il and gas aquisitions & ventures
- BIGN Focuses Completely on the Domestic Oil & Gas Arena (Market Exceeds $10 Bi|lion)
- Domestic Oi| & Gas Sector Provide Immediate 0pportunity to Garner Va|ue
- BIGN is pursuing strategies to create shareho|der va|ue
- 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 long-term va|ue"
PRESS RELEASE--T0R0NTO--(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 we|| have commenced.
The Mosa 6-13-III we|| is the first of an initia| two (2) we|| exp|oration dri|ling 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 yie|ded high BTU natura| Gas at rates of 1.2 to 4.2 mi|lion
cubic feet (MMCFD) per day.Individua| pool reserves may be up to 1O bil|ion cubic feet (1O BCF).
Tyche Inc. current|y ho|ds over 4,0O0 acres of petroleum and natura| gas leases within the fairway of this
expanding natural Gas play. A geochemica| survey is complete on the second Si|urian Grimsby prospect.
Analysis of this data wi|| assist the company in identifying prospective dri||ing targets on these |ands.
Company Profile:
BIOGENERICS LTD is a domestic oil 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 0i| 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 technology ventures that management be|ieved could propel shareholder 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 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 play was natura|.
The Company’s 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.
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