WKN 904589 - mal sehn .-
kommt oder kommt nicht ?
OIL CITY, LOUISIANA, Nov 25, 2003 (CCNMatthews via COMTEX) -- Specialized service company hired to work Omda's primary gas producing leases ahead of scheduele.
OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), announced today that the specialized service company they had recently retained, Thrash Oil Field Specialty Company ("Thrash"), a specialized gas production service company has been turning on wells during this last week at a very fast pace. The company's two largest leases being focused on so far are the Muslow Four Star and Muslow M&M, in Oil City, Louisiana. Gas production under Thrash commenced earlier last week and will continue for approximately 90 days. Following the completion of well service on the two Muslow leases, the Company intends to have Thrash focus on certain additional leases in which the Company has an interest. The preliminary figures so far are approximately 100,000 Mcf of new gas production per day.
"We're finding that we're turning on wells faster than anticipated", stated Sammy Thrash, President of Thrash. " We're also looking forward to working on the rest of Omda's leases as soon as we finish with the ones we have started on." Adam Barnett, Chairman of the Company, couldn't be more pleased with these recent results." I expected big things from Thrash but these figures after one week are amazing. The new gas production since last week alone eclipses the entire revenue to the Company from all sources during any single month for our 2nd quarter of this year. I eagerly anticipate seeing what the revenues could grow to for the rest of the 4th quarter which ends January 31st of 2004."
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas. Of the Company's 35 leases, 16 currently have at least one producing well with an aggregate of over 100 currently producing wells.
CONTACT: Adam Barnett
Chairman
(305) 992-0151
omoilandgas@aol.com
www.omogoil.com
kommt oder kommt nicht ?
OIL CITY, LOUISIANA, Nov 25, 2003 (CCNMatthews via COMTEX) -- Specialized service company hired to work Omda's primary gas producing leases ahead of scheduele.
OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), announced today that the specialized service company they had recently retained, Thrash Oil Field Specialty Company ("Thrash"), a specialized gas production service company has been turning on wells during this last week at a very fast pace. The company's two largest leases being focused on so far are the Muslow Four Star and Muslow M&M, in Oil City, Louisiana. Gas production under Thrash commenced earlier last week and will continue for approximately 90 days. Following the completion of well service on the two Muslow leases, the Company intends to have Thrash focus on certain additional leases in which the Company has an interest. The preliminary figures so far are approximately 100,000 Mcf of new gas production per day.
"We're finding that we're turning on wells faster than anticipated", stated Sammy Thrash, President of Thrash. " We're also looking forward to working on the rest of Omda's leases as soon as we finish with the ones we have started on." Adam Barnett, Chairman of the Company, couldn't be more pleased with these recent results." I expected big things from Thrash but these figures after one week are amazing. The new gas production since last week alone eclipses the entire revenue to the Company from all sources during any single month for our 2nd quarter of this year. I eagerly anticipate seeing what the revenues could grow to for the rest of the 4th quarter which ends January 31st of 2004."
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas. Of the Company's 35 leases, 16 currently have at least one producing well with an aggregate of over 100 currently producing wells.
CONTACT: Adam Barnett
Chairman
(305) 992-0151
omoilandgas@aol.com
www.omogoil.com
