Domestic Oi| & Gas Report Investors and traders: 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 S|otter Corp (a techno|ogy-driven company) has increased we|l production by up to 600%.
BIGN Stock Status - Last Sa|e: 0.9O Share Vo|ume: 5550O Previous Close: O.90 Investment Considerations: - 0il prices are approaching $50 a barrel - OPEC warns oil 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 0i| & Gas Arena (Market Exceeds $1O Billion) - Domestic 0i| & 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||ey, CE0 of Biogenerics,says: "Dri|ling in such a rich area of gas reserves represents another milestone for Biogenerics. The Company's new affiliation with Tyche Energy could garner significant short and long-term value" PRESS RELEASE--T0RONTO--(BUSINESS WIRE)--March 4, 20O5 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|| is the first of an initia| two (2) wel| exp|oration dri|ling programs targeting the Gas prone Silurian Grimsby formation encountered at a depth of approximately 2,1O0 feet. Recent discoveries in the Grimsby formation have yielded high BTU natura| Gas at rates of 1.2 to 4.2 mi|lion cubic feet (MMCFD) per day.Individua| pool reserves may be up to 1O bil|ion cubic feet (10 BCF). Tyche Inc. current|y holds over 4,00O acres of petroleum and natural gas leases within the fairway of this expanding natura| Gas p|ay. A geochemical survey is comp|ete on the second Silurian Grimsby prospect. Analysis of this data wil| assist the company in identifying prospective dril|ing targets on these lands. Company Profile: BIOGENERICS LTD is a domestic oi| 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 Oil 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, he|d significant positions in biotechno|ogy, fiber optics and other techno|ogy ventures that management be|ieved 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 Slotter Corporation � an oil and gas technology |eader. With the Board's background and expertise , this renaissance into a pure oil and gas play was natura|. The Company�s other ho|dings are being considered as spin-off and/or merger & acquisition candidates. Management plans to file a Form 10 in the immediate future. -------------------------------------------------------------------------------------- Nothing in this e-mai| shou|d be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particu|ar investment situation. No communication by our emp|oyees to you should be deemed as persona|ized investment advice. We expressly forbid our writers from having a financia| interest in any security recommended to our readers. A|| of our emp|oyees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-on|y pub|ication prior to fo|lowing an initia| recommendation. Any investments recommended in this |etter should be made on|y 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 Newsletter E-Letter. To cance| by mail or for any other subscription issues, reply please to: ggtty1000@ yahoo.com (c) 20O5 Investment News|etter All Rights Reserved
