Biogenerics Purchases Interest in North America's Longest Horizontal Well
Wednesday October 13, 9:31 am ET

TORONTO, Oct. 13 /CNW/ -- Biogenerics Limited (Nasdaq: BIGN - News) is pleased to announce that it has made an investment in 2018251 Ontario Inc., a holding company with significant oil and gas reserves in Ontario, Canada. As part of the longer-term investment plan, Biogenerics intends to purchase a greater interest in 2018251 Ontario Inc., with a first right of refusal, in the productive acreage owned by 2018251 Ontario Inc.
2018251 Ontario Inc. owns several thousand gross acres of off-shore crown land near Romney Township in Kent County and also in the Doverfield in Lambton County, Ontario. One of the more important assets of 2018251 Ontario Inc. is an over-riding royalty interest in a five-kilometer long horizontal well in Romney, Ontario, which is the longest horizontal well in North America, and also the recently drilled lateral to this well.

"The existing infrastructure of 2018251 Ontario Inc. offers a unique opportunity for us to complement our existing oil and gas interests in the world, while optimizing the value of our North American interests," said Gary Kelley, President and Chief Executive Officer. "We hope that our long-term investment in this company will lead to other investments in Ontario and especially into investments in new oil and gas recovery technologies like horizontal drilling."

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Press Release Source: Biogenerics Inc.

Acquisition of Oil and Gas Interests Announced by Biogenerics Inc.
Wednesday October 20, 1:29 pm ET

TORONTO--(BUSINESS WIRE)--Oct. 20, 2004--Biogenerics Inc. (the Company) (Pink Sheets:BIGN - News) has entered into an agreement (the Agreement) with 2021877 Ontario Inc. (the Vendor) pursuant to which Biogenerics will acquire 30% of the Vendor's interest in certain petroleum and natural gas assets (the Assets) located in Southwestern Ontario.
The Assets are comprised of varying working interests in producing and exploratory lands and reserves having significant upside production potential. Two producing wells and four shut-in oil and gas wells are included in the acquisition.

The Assets include a fifty percent working interest (50% WI) in over 15,000 acres of producing and non-producing crown exploration licenses on Lake Erie. Producing Lake Erie properties are comprised of a 1,600 acre pooled spacing unit operated by Talisman Energy Inc. (TSX:TLM - News). Pursuant to the terms of the pooling agreement 2021877 Ontario Inc. owns a ten percent gross overriding royalty interest (10% GORR) on petroleum and natural gas produced from the pooled lands. Oil from the unit is produced from the longest horizontal well drilled in North America to date. Completed in January 2003 this well was placed on production at an initial rate (IP) of over 400 BOPD.

Talisman recently completed a second horizontal well within the pooled spacing unit. Analysis of the logs and drilling data was very encouraging; however, no initial production rates have been released to date. 2021877 Ontario Inc. owns a fifty percent working interest (50% WI) in 2,520 acres comprising 4 exploration licenses directly offsetting and on trend with the pool under development within the drilling spacing unit.

The Assets include a 46.67% non-operated working interest (WI) in a shut-in gas well flow tested at an initial rate (IP) of 465 MCFD. The Operator recently advised 2021877 Ontario Inc. that it intends to commence construction of gas treatment facilities and a sales pipeline to place the well on stream.

In addition to the producing and non-producing lands, the Assets include ownership of over 2,000 kilometers of seismic data and extensive aeromagnetic and gravity survey data covering oil and gas exploration fairways in Lambton, Kent and Essex Counties, Ontario.

The Company will continue to pursue strategies to create a solid foundation for growth in shareholder value. It is presently reviewing additional opportunities for participation with 2021877 Ontario Inc. in the acquisition of petroleum and natural gas assets within southwestern Ontario.

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Biogenerics Announces Acquisition of Oil and Gas Interests Increased to 50% and Completed
Monday November 1, 4:00 pm ET

TORONTO--(BUSINESS WIRE)--Nov. 1, 2004--Biogenerics Limited (the Company) (Pink Sheets:BIGN - News) is pleased to announce that it has completed the purchase from 2021877 Ontario Inc. (the Vendor) pursuant to which Biogenerics has acquired the agreed upon 30% of the Vendor's interest in certain petroleum and natural gas assets (the Assets) located in Southwestern Ontario. After completing our due diligence the Board of Directors negotiated with Vendor to increase our original purchase by 20%, bringing our total holdings to 50%. We have fully paid for the assets and look forward to an exciting exploration and development program.
The Assets are comprised of varying working interests in producing and exploratory lands and reserves having significant upside production potential. Two producing wells and four shut-in oil and gas wells are included in the acquisition. Biogenerics Limited will continue to actively seek other potential high probability targets to add to its resource portfolio. We are extremely excited about the current acquisition and the immediate cash flow resulting from the producing area.

The Assets include a fifty percent working interest (50% WI) in over 15,000 acres of producing and non-producing crown exploration licenses on Lake Erie. Producing Lake Erie properties are comprised of a 1,600 acre pooled spacing unit operated by Talisman Energy Inc. (TSX:TLM - News). Pursuant to the terms of the pooling agreement 2021877 Ontario Inc. owns a ten percent gross overriding royalty interest (10% GORR) on petroleum and natural gas produced from the pooled lands. Oil from the unit is produced from the longest horizontal well drilled in North America to date. Completed in January 2003 this well was placed on production at an initial rate (IP) of over 400 BOPD.

Talisman recently completed a second horizontal well within the pooled spacing unit. Analysis of the logs and drilling data was very encouraging; however, no initial production rates have been released to date. 2021877 Ontario Inc. owns a fifty percent working interest (50% WI) in 2,520 acres comprising 4 exploration licenses directly offsetting and on trend with the pool under development within the drilling spacing unit. The Assets include a 46.67% non-operated working interest (WI) in a shut-in gas well flow tested at an initial rate (IP) of 465 MCFD. The Operator recently advised 2021877 Ontario Inc. that it intends to commence construction of gas treatment facilities and a sales pipeline to place the well on stream.

In addition to the producing and non-producing lands, the Assets include ownership of over 2,000 kilometers of seismic data and extensive aeromagnetic and gravity survey data covering oil and gas exploration fairways in Lambton, Kent and Essex Counties, Ontario. The Company will continue to pursue strategies to create a solid foundation for growth in shareholder value. It is presently reviewing additional opportunities for participation with 2021877 Ontario Inc. in the acquisition of petroleum and natural gas assets within southwestern Ontario.

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Biogenerics to Commence Drilling Immediately
Monday November 8, 11:17 am ET

TORONTO--(BUSINESS WIRE)--Nov. 8, 2004--Biogenerics Limited (the Company) (NQB:BIGN - News) announces that 2021877 Ontario Inc. ("2021877") is to commence drilling immediately a development well at the Charring Cross Project located in Harwich Township, Kent County Ontario.
Pursuant to the terms of a Farm Out Agreement, 2021877 will become the Operator of the Project, thereby incurring one hundred percent of the cost to drill the well thus earning a one hundred percent working interest (100%WI) in the well before payout (BPO) and a seventy five percent working interest in the well after payout (75% WI APO).

BIGN is fortunate to own 50% interest in 2021877 Ontario, hence 50% of the working interest will go directly to the Company.

There is currently one shut-in gas well located within the Charring Cross Project area. The Rubicon et al #7 well encountered natural gas in a shallow reservoir at a depth of 376 feet and tested gas at a stabilized flow rate of 465 MCFD from a six foot interval in the Dundee limestone of Devonian age. Results of the flow test and geological mapping of the structure suggest that the Charring Cross Pool could contain 450 MMCF of recoverable gas reserves.

Ontario wellhead prices for natural gas have been strong throughout the summer and are presently in the range of seven dollars and seventy five cents per thousand cubic feet ($7.75 per MCF).

BIGN will continue to pursue strategies to create a solid foundation for growth in shareholder value. The Company is presently reviewing additional opportunities in the acquisition of petroleum and natural gas assets within North America.

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Biogenerics Inc Announces That 2021877 Ontario Inc. Will File Articles of Amendment to Change the Name of the Company to Tyche Energy Inc.
Wednesday December 8, 9:01 am ET

TORONTO--(BUSINESS WIRE)--Dec. 8, 2004--Biogenerics Inc. (the Company), (OTC:BIGN - News) announces that 2021877 Ontario Inc. will file Articles of Amendment to change the name of the company to Tyche Energy Inc.
Tyche Energy Inc. has advised the Company that it plans to drill an exploratory well on a new Silurian sandstone play in Southwestern Ontario. Recent developments in this play have led to the discovery and development of a significant gas reservoir exceeding 10 bcf recoverable sweet gas reserves. Flow rates from wells completed within the "type" reservoir had initial flow rates in the 2 to 4 mmcf/d range.

Drilling of the previously announced development well at the Charring Cross project has been deferred and negotiations are under way to pool lands necessary to create a production spacing unit for the RPI #7 Harwich 1-1-18-IV WCR well. This well tested gas at a stabilized rate of 465 mcf/d from a shallow Devonian reservoir. Construction of a sales gas pipeline at the Charring Cross project is nearing completion. Engineering design and sourcing of sweetening facility necessary to deliver pipeline quality sales gas is currently under review.

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Biogenerics Inc. Details Acquisition of Oil and Gas Assets from Tyche Energy Inc.
Friday December 10, 12:58 pm ET

TORONTO--(BUSINESS WIRE)--Dec. 10, 2004--Biogenerics Inc. (the Company) (OTC:BIGN - News), by its Acquisition of oil and gas assets from Tyche Energy Inc., owns 50% of the Charring Cross Project and thus 50% of a 46.67% non-operated working interest in gas well 1-1-18-IV WCR (located in Silurian sandstone), which flow tested at an initial stabilized rate of 465 mcf/d. The Charring Cross Project has significant potential, as exemplified in the discovery of a major gas reservoir exceeding 10 billion cubic feet of recoverable sweet gas reserves, also located in Silurian sandstone play of southwestern Ontario.
The Operator recently advised the Company that construction of a gas pipeline gathering system is nearing completion for this gas well. It is expected that gas well 1-1-18-IV WCR will connect for distribution to the pipeline system of Union Gas of Ontario for commercial distribution. The Company seeks to pool or acquire additional acreage for the pipeline gathering system which requires 100 acres per production spacing unit. With a shallow depth of approximately 400 feet, gas well 1-1-18-IV WCR demonstrates the economic potential of the Charring Cross Project. Based on this success, the Company has begun to acquire additional acreage in the area.

The Company will continue to pursue strategies to create a solid foundation for growth in shareholder value. It is presently reviewing additional opportunities for acquisition of petroleum and natural gas assets within southwestern Ontario.

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Biogenerics Launches Investment Community and Public Relations Program as Company Achieves Significant Milestones
Wednesday December 15, 12:59 pm ET

CARSON CITY, Nev.--(BUSINESS WIRE)--Dec. 15, 2004--Biogenerics Ltd. (NQB: BIGN - News), focused on exploiting and distributing domestic gas reserves, today announced that the Company is launching an aggressive investor and public relations campaign in response to increasing interest among the investment community sparked by recent announcements concerning the Company's strategic milestones with Tyche Energy and its Charing Cross gas reserves.
With government, industry and investor awareness keenly tuned to domestic oil and gas for the future, the decision to move ahead with an aggressive program, management believes is logical and well timed.

Cynthia DeMonte, President of DeMonte Associates, Biogenerics IR/PR firm, commented, "Biogenerics is fulfilling a critical domestic need - the ability to provide our own fuel. It is a perfect time for the company to capitalize on its positioning which is in news headlines ranging from CNN to Petroleum News on a daily basis. With the spot light on domestic alternatives for fuel, Biogenerics well warrants the efforts to bring the company to the attention of an ever-increasing base of investors."

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http://quote.barchart.com/quote.asp?sym=BIGN

The price on this has been creepin' up all week since the last PR came out. Keep an eye on it Monday morning.

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