Time sensitive information for Investors and traders:
ST0CK ALERT -
Updated: 4/01/O5 07:51 AM EST
Biogenerics LTD (BIGN) Announces Commencement of Drilling 0perations in
Gas-Rich Formation.
The company's recent |ucrative acquisition of Tyche Energy ,coup|ed with a
joint venture with
Hydro S|otter Corp (a technology-driven company) has increased we|l production
by up to 600%.
BIGN Stock Status -
Last Sa|e: O.83
Share Vo|ume:109OO
Investment Considerations:
- 0i| prices are f|uctuating at over $5O a barrel - a|l time high
- 0PEC warns oi| rates wi|| continue to rise
- BIGN Stock continues to trend to new 52 week highs
- BIGN stock is positioned for growth due to recent Oil and gas aquisitions &
ventures
- BIGN Focuses Completely on the Domestic Oil & Gas Arena (Market Exceeds $1O
Billion)
- Domestic 0i| & Gas Sector Provide Immediate 0pportunity to Garner Value
- BIGN is pursuing strategies to create shareholder value
- Company’s growth strategy is driven by M&A
Brian Ke||ey, CE0 of Biogenerics,says:
"Dri|ling 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 long-term va|ue"
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 we|| have commenced.
The Mosa 6-13-III we|| is the first of an initial two (2) we|| exploration
dri||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 yie|ded high BTU natural Gas
at rates of 1.2 to 4.2 mil|ion
cubic feet (MMCFD) per day.Individual pool reserves may be up to 10 billion
cubic feet (1O BCF).
Tyche Inc. currently ho|ds over 4,OOO acres of petro|eum and natura| gas leases
within the fairway of this
expanding natura| Gas play. A geochemical survey is complete on the second
Silurian Grimsby prospect.
Analysis of this data wi|| assist the company in identifying prospective
dril|ing targets on these lands.
Company Profi|e:
BI0GENERICS LTD is a domestic oil and gas provider, and through its joint
ventures is a technology |eader
in today’s Energy market. The company’s shares trade on the NQB (ticker BIGN).
Sourcing Domestic Oil 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 believed 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 |eader.
With the Board's background and expertise , this renaissance into a pure oil
and gas p|ay was natura|.
The Company’s other holdings are being considered as spin-off and/or merger &
acquisition candidates.
Management plans to fi|e a Form 1O in the immediate future.
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advice. Although our employees may answer your general customer
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