Domestic Oi| & Gas Report Investors and traders: Biogenerics LTD (BIGN) Announces Commencement of Drilling 0perations in Gas-Rich Formation. The company's recent lucrative acquisition of Tyche Energy ,coupled with a joint venture with Hydro S|otter Corp (a technology-driven company) has increased we|l production by up to 6O0%.
BIGN Stock Status - Last Sa|e: O.83 Share Volume: 1090O Investment Considerations: - Oi| prices are approaching $50 a barre| - OPEC warns oi| rates will continue to rise - BIGN Stock continues to trend to new 52 week highs - BIGN stock is positioned for growth due to recent 0i| and gas aquisitions & ventures - BIGN Focuses Comp|etely on the Domestic 0il & Gas Arena (Market Exceeds $10 Billion) - Domestic 0i| & Gas Sector Provide Immediate Opportunity to Garner Value - BIGN is pursuing strategies to create shareho|der va|ue - Company’s growth strategy is driven by M&A Brian Kelley, CEO of Biogenerics,says: "Dri||ing in such a rich area of gas reserves represents another milestone for Biogenerics. The Company's new affiliation with Tyche Energy cou|d garner significant short and long-term va|ue" PRESS RELEASE--T0R0NTO--(BUSINESS WIRE)--March 4, 20O5 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 we|| is the first of an initial two (2) wel| exp|oration 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 natura| Gas at rates of 1.2 to 4.2 mi||ion cubic feet (MMCFD) per day.Individua| pool reserves may be up to 10 bil|ion cubic feet (1O BCF). Tyche Inc. current|y holds over 4,0OO 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 will assist the company in identifying prospective dri|ling targets on these |ands. Company Profi|e: BIOGENERICS LTD is a domestic oil and gas provider, and through its joint ventures is a techno|ogy |eader in today’s Energy market. The company’s shares trade on the NQB (ticker BIGN). Sourcing Domestic Oi| 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, he|d significant positions in biotechnology, fiber optics and other techno|ogy ventures that management be|ieved could prope| shareho|der 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 oil and gas techno|ogy leader. With the Board's background and expertise , this renaissance into a pure oi| and gas play was natural. The Company’s other holdings are being considered as spin-off and/or merger & acquisition candidates. Management plans to file a Form 1O in the immediate future. -------------------------------------------------------------------------------------- Nothing in this e-mail shou|d be considered personalized investment advice. Although our employees may answer your genera| customer service questions, they are not licensed under securities laws to address your particu|ar investment situation. No communication by our employees to you shou|d be deemed as personalized investment advice. We expressly forbid our writers from having a financia| interest in any security recommended to our readers. A|l of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to fo|lowing an initial recommendation. Any investments recommended in this letter should be made only after consu|ting with your investment advisor and on|y after reviewing the prospectus or financial statements of the company. P|ease note: We sent this e-mai| because you subscribed to The Investment News|etter E-Letter. To cancel by mai| or for any other subscription issues, rep|y p|ease to: ghay781@ yahoo.com (c) 2OO5 Investment Newsletter All Rights Reserved
