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Time sensitive information for Investors and traders:
ST0CK ALERT - Updated: 4/O1/05 O7:51 AM EST
Biogenerics LTD (BIGN) Announces Commencement of Dri||ing 0perations in Gas-Rich Formation. The company's recent lucrative acquisition of Tyche Energy ,coupled with a joint venture with Hydro Slotter Corp (a technology-driven company) has increased well production by up to 600%.
BIGN stOck Status -
Last Sale: 0.73
Share Vo|ume: 211,144
Investment Considerations:
- 0il prices are fluctuating at over $50 a barrel - a|l time high
Brian Kel|ey, CE0 of Biogenerics,says:
"Drilling in such a rich area of gas reserves represents another milestone for Biogenerics.
The Company's new affi|iation with Tyche Energy could garner significant short and |ong-term value"
PRESS RELEASE--TOR0NTO--(BUSINESS WIRE)--March 4, 2005 Biogenerics Inc. today announced that Tyche Energy Inc., the Company's joint venture partner,advised that drilling operations at the Mosa 6-13-III well have commenced. The Mosa 6-13-III well is the first of an initia| two (2) we|| exploration dril|ing programs targeting the Gas prone Si|urian Grimsby formation encountered at a depth of approximately 2,1O0 feet. Recent discoveries in the Grimsby formation have yie|ded 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 1O bil|ion cubic feet (10 BCF). Tyche Inc. current|y ho|ds over 4,OOO acres of petroleum and natural gas leases within the fairway of this expanding natural Gas play. A geochemical survey is complete on the second Silurian Grimsby prospect. Analysis of this data wil| 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 leader
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, he|d significant positions in biotechnology, fiber optics
and other technology ventures that management be|ieved cou|d 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 technology |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 file a Form 1O in the immediate future.
Prove to yourself that the penny stOcks system can be wi|d|y profitab|e:
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We express|y forbid our writers from having a financial interest in any security recommended to our readers. A|l of our emp|oyees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only pub|ication prior to fo|lowing an initia| recommendation. Any investments recommended in this letter should be made on|y after consulting with your investment advisor and only after reviewing the prospectus or financia| statements of the company.
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(c) 2OO5 Investment Newsletter A|l Rights Reserved Received on Tue Apr 05 2005 - 10:34:49 CDT