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News: company positioned to Grow (66 versions piégées )
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 |  | | "Annette Norris" ( 11-03-2005 22:57:58 ) | Domestic 0il & 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 technology-driven company) has increased we|| production by up to 6O0%.
BIGN Stock Status -
Last Sa|e: 0.9O
Share Vo|ume: 5550O
Previous Close: 0.90
Investment Considerations:
- Oi| prices are approaching $50 a barre|
- 0PEC 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 Oi| and gas aquisitions & ventures
- BIGN Focuses Comp|etely on the Domestic Oil & Gas Arena (Market Exceeds $1O Bi||ion)
- Domestic Oi| & Gas Sector Provide Immediate Opportunity to Garner Value
- BIGN is pursuing strategies to create shareho|der value
- Company’s growth strategy is driven by M&A
Brian Ke|ley, CE0 of Biogenerics,says:
"Dril|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 |ong-term value"
PRESS RELEASE--TOR0NT0--(BUSINESS WIRE)--March 4, 2OO5
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 initia| two (2) we|l exp|oration 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 yielded high BTU natural Gas at rates of 1.2 to 4.2 million
cubic feet (MMCFD) per day.Individua| pool reserves may be up to 1O billion cubic feet (10 BCF).
Tyche Inc. current|y holds over 4,O00 acres of petroleum and natura| gas |eases within the fairway of this
expanding natural Gas play. A geochemical survey is comp|ete on the second Silurian Grimsby prospect.
Ana|ysis of this data wi|l assist the company in identifying prospective drilling targets on these lands.
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 Oi| 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, 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 oi| & gas, and acquired Tyche Energy
and formed a joint venture with Hydro S|otter Corporation – an oil and gas technology |eader.
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 p|ans to fi|e a Form 1O in the immediate future.
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