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Biogenerics Limited: Tyche Energy Finishes Construction of the Charring Cross Production Facility
February 21, 2006 16:05:09 (ET)
TORONTO, Feb 21, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announces that Tyche Energy Inc. ("Tyche") advises it has completed construction of the production facilities and sales gas pipeline at its Charring Cross property located in Harwich Township, Kent County, Ontario. The production facilities process sour gas from the RPI#7 Harwich 1-1-18-IV WCR well and deliver sweet gas via a 2.1 kilometer sales gas pipeline to a meter site tied into the Union Gas Limited pipeline system.
The RPI#7 well reached a stabilized flow rate of 465 MCFD during the initial production test. Production will commence at a rate of approximately 100 MCFD and will be increased gradually to a daily rate of 200 MCF. Independent industry price forecasts project the price of gas to average between CDN$11.65 and $12.67/MCF in 2006.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil and gas reserves in its core area and through the acquisition of under exploited properties, reserves and companies that will complement its growth objectives. Tyche Energy's primary long-term goals are to develop a high-level of sustainable production which can be directly marketed to the expanding Eastern North American market and resulting in a high-degree of profitability and cash flow.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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This stock has scam written all over it, imo. Do some research and find out who set them up in business. 2 shady scam artists from Toronto. Dig and ye shall find.
-------------------- JAY Posts: 6 | Registered: Feb 2006
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Yep! I learned along time ago to stay away from Vancouver and Toronto Pinks...Canadian government is supposed to be cleaning them up, but don't hold your breath.
Posts: 10729 | From: oregon | Registered: Feb 2005
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Biogenerics Limited: Tyche Energy Finishes Construction of the Charring Cross Production Facility 4:05 p.m. 02/21/2006 Provided By PrimeZone TORONTO, Feb 21, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announces that Tyche Energy Inc. ("Tyche") advises it has completed construction of the production facilities and sales gas pipeline at its Charring Cross property located in Harwich Township, Kent County, Ontario. The production facilities process sour gas from the RPI#7 Harwich 1-1-18-IV WCR well and deliver sweet gas via a 2.1 kilometer sales gas pipeline to a meter site tied into the Union Gas Limited pipeline system. The RPI#7 well reached a stabilized flow rate of 465 MCFD during the initial production test. Production will commence at a rate of approximately 100 MCFD and will be increased gradually to a daily rate of 200 MCF. Independent industry price forecasts project the price of gas to average between CDN$11.65 and $12.67/MCF in 2006. About Biogenerics Limited Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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Tyche Energy Inc. Commences Production at Charring Cross Property
March 21, 2006 15:00:17 (ET)
TORONTO, Mar 21, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announced that Tyche Energy Inc. ("Tyche") advises it has commenced production at its Charring Cross property located in Harwich Township, Kent County Ontario. The RPI#7, Harwich 1-1-18-IV WCR well was placed on stream at an initial production rate of 72 MCFD at 154 psi flowing wellhead pressure. Daily production rates will be increased over the next week to a targeted daily production rate of 200 MCF.
Tyche holds a 65.00% working interest ("WI") before payout ("BPO") and a 48.75% WI after payout ("APO") of pipeline and facilities construction costs. Natural gas wellhead prices have fallen from recent highs of over CDN$16.00/MCF in October 2005 to CDN$7.83/MCF in March 2006. The latest independent industry price forecasts project gas prices to average between CDN$11.65 (Sproule & Associates) and $12.67/MCF (GLJA) in 2006.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil and gas reserves in its core area and through the acquisition of under exploited properties, reserves and companies that will complement its growth objectives. Tyche Energy's primary long-term goals are to develop a high-level of sustainable production which can be directly marketed to the expanding Eastern North American market and resulting in a high-degree of profitability and cash flow.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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BIGN Biogenerics Announces Update on Hydroslotter`s California Project
March 28, 2006 10:00:41 (ET)
TORONTO, Mar 28, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited's (Pink Sheets:BIGN) strategic alliance partner, Hydroslotter Corporation, is pleased to announce that it has completed its preliminary valuation of the initial Grimes well, which revealed a commercially viable source of natural gas. Accordingly, Hydroslotter Corporation is endeavoring to link the Grimes source to commercial pipelines by April 1st, 2006. Please be advised that the flow rates for the initial Grimes well will be announced shortly hereafter.
Hydroslotter Corporation has also outlined its goal to commence slotting two other wells this week at its Grimes property in an effort to further increase natural gas production. Stemming from the prolific production of natural gas in the Grimes region from years past, Biogenerics and Hydroslotter Corporation have an excellent opportunity to increase natural gas reserves in California and other areas of operation across the United States.
In regard to the update on the stock dividend previously announced, which specified assigning one (1) share of Tyche Energy Inc. to every thirty (30) shares of Biogenerics held by our shareholders as of record December 20, 2005, and payable on March 24, 2006, those shareholders should be receiving their shares within the next two (2) to three (3) weeks depending on the current mailing addresses provided and mailing times.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Biogenerics Announces Location of New Head Office
April 05, 2006 10:30:24 (ET)
TORONTO, Apr 5, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (Pink Sheets:BIGN) announced today the location of its new head office, which will be relocated to 1520 Rice Road, Suite 200, Tyler, Texas, 75703. Not only is the Tyler head office an indicator of Biogenerics growing presence in the oil and gas industry, it also a reflection of the company's growth strategy which focuses on the employment of its strategic partners proprietary technology, such as Hydroslotter Corporation's enhanced oil recovery techniques in existing wells.
The state of Texas currently produces more than three times the natural gas than any other state and its continued energy production remains crucial to the success of the U.S. government's domestic energy mandate. Accordingly, Biogenerics move to Tyler will place the company in a prime position to increase oil and gas production in state of Texas as well as a platform to expand into other surrounding states with the goal of facilitating the U.S. government's domestic energy directive.
About Biogenerics Limited:
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy and Hydroslotter Corporation.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Biogenerics Announces New Record Date for Special Dividend
Update: 4:15 PM ET May 3, 2006
TYLER, Texas, May 3, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (Pink Sheets:BIGN), regarding the previously announced dividend and subsequent discussions with the NASD, announces that certain components of the Tyche transactions could not be completed in time to meet the 10-day notification requirement under SEC Rule 10b-17 and still maintain the record date for the Special Dividend previously announced as December 20, 2005. If Biogenerics were to maintain the record date of December 20, 2005 certain closing transactions not completed at this time would have caused substantial shareholders dilution if closed after the ex-dividend date. Biogenerics has informed the NASD that it would delay the record date for a short period of time in order to complete all aspects of the Tyche transaction before the special dividend payout to insure its objective of long-term shareholder value. Biogenerics accounting advisors have now determined that all components of the Tyche transaction have been completed in its entirety to comply with all aspects of SEC Rule 10b-17. The new record date for the Special Dividend will be on May 19, 2006 with a payment date of June 2, 2006. Biogenerics CEO Gary Kelley stated, "While Biogenerics understands that its shareholders are anxious for this transaction and special dividend to conclude, Biogenerics did not feel by keeping the record date of December 20,2005 and declaring the dividend would have provided short-term satisfaction to most shareholders; the same shareholders would have been deeply affected long term by having certain closing conditions conclude post dividend, decreasing long-term shareholder value and/or increased dilution." Biogenerics is confident that this short-term postponement of the record date has benefited shareholders long-term value for both Biogenerics shareholders and future holders of the Tyche common stock.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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