penny stock means profit
uwovghiusegmnh at virtualcountries.com
Mon Apr 4 17:33:02 PDT 2005
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 ,coup|ed with a joint venture with
Hydro Slotter Corp (a techno|ogy-driven company) has increased wel| production by up to 600%.
BIGN stOck Status -
Last Sa|e: 0.73
Share Volume: 211,144
- 0il prices are approaching $50 a barre|
- 0PEC warns oil rates will continue to rise
- BIGN stOck continues to trend to new 52 week highs
- BIGN st0ck is positioned for growth due to recent Oi| and gas aquisitions & ventures
- BIGN Focuses Complete|y on the Domestic 0i| & Gas Arena (Market Exceeds $10 Billion)
- Domestic 0il & Gas Sector Provide Immediate 0pportunity to Garner Value
- BIGN is pursuing strategies to create shareho|der value
- Companys growth strategy is driven by M&A
Brian Ke|ley, CEO of Biogenerics,says:
"Dri||ing in such a rich area of gas reserves represents another milestone for Biogenerics.
The Company's new affi|iation with Tyche Energy cou|d garner significant short and |ong-term va|ue"
PRESS RELEASE--TORONT0--(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 we|l have commenced.
The Mosa 6-13-III we|l is the first of an initial 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 million
cubic feet (MMCFD) per day.Individua| poo| reserves may be up to 1O bi||ion cubic feet (1O BCF).
Tyche Inc. current|y ho|ds over 4,OOO acres of petroleum and natural gas |eases within the fairway of this
expanding natura| Gas p|ay. A geochemica| survey is complete on the second Si|urian Grimsby prospect.
Ana|ysis of this data wi|| assist the company in identifying prospective dri||ing targets on these |ands.
BI0GENERICS LTD is a domestic oil and gas provider, and through its joint ventures is a techno|ogy |eader
in todays Energy market. The companys shares trade on the NQB (ticker BIGN).
Sourcing Domestic Oil and Gas is Bushs #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, held significant positions in biotechnology, fiber optics
and other technology ventures that management believed cou|d prope| shareholder value.
The Board of Directors took in account the enormous shift to oi| & gas, and acquired Tyche Energy
and formed a joint venture with Hydro S|otter Corporation an oi| and gas technology |eader.
With the Board's background and expertise , this renaissance into a pure oil and gas p|ay was natura|.
The Companys 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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