Now is not the time to buy but to consider selling and locking in profit.
Posted by CAPTNEMOS on :
has had 2 good days sinc eapril,real run is just starting>tnog run is leveling ,i think people who are looking for next good oil play that pps isnt overbought yet,will buy in.i did at .0074 yes o/s is high but tnog is like 700 mil and it went almostto .02c?go figure not overpriced yet.
Posted by Spinoff on :
it's a "possible" for sure!
Posted by goldfinger21 on :
OMOG is overbought and ready for a sell off soon. May have one day left in her though. It looks great for a longer hold though. I really like this one.
Posted by SKID ROW on :
IM OUT ILL TAKE MY PROFIT.
Posted by SKID ROW on :
Thanks again capn for heads up if your still around.
Posted by Dagger Depot on :
American Bulls says "BUY-IF on 5/27:
Are you eager to sell your shares? Well we say: “Stick to them for the moment!” Market mood is again bullish. Our SELL-IF alert is not confirmed. It is now null and void and should be ignored. Besides, we have a bullish pattern, now. This may be a call for another buying opportunity. Again it is time to be on your toes. First, be aware of what happened at after hours trading and futures. Then, follow the next session very carefully. This candlestick pattern is a bullish one, but we have to see whether it will be confirmed or not.
Do you see a gap-up at the market open? Do you see a white candlestick forming with a higher close at the session's end? Shortly, is it a nice bullish day? If so, increase your holdings or open new long positions.
Posted by Dagger Depot on :
Up from .008 to .0099 since the BUY Confirmed signal on american bulls. Anyone have any suggestions on where this stock will go short term? I'm already up 25%, but will continue holding if you think it will continue to rise. Any suggestions?
Posted by Dagger Depot on :
.0105!!!
Posted by RM on :
This thing is going crazy! High volume, run is starting. The train the leaving the station ...
Posted by Dagger Depot on :
Peaked @ .0108. Shoulda sold then. HOpefully we'll have another jump.
Posted by Mack on :
oil up 155 bar
Posted by Dagger Depot on :
well, that was short lived. Did anyone take a profit on it?
Posted by CAPTNEMOS on :
sweet im out.hope people listened and made money too!
Posted by Spinoff on :
American Bulls will probably say Looky Looky bettah buy a Cookie...>GOOOO OMOG!!!
Posted by Spinoff on :
Everybody go to TNOG today....this one's half the price Posted by Spinoff on :
Welp you should enjoy this one:
OMDA OIL AND GAS, INC. GIVES UPDATE ON FIRST WELL IN 46,000 ACRE, SHALLOW OIL & GAS PLAY
-STRONG OIL SHOWS LEAD TO COMPLETION ATTEMPT-
Houston--(BUSINESS WIRE)—[June 13, 2005]--OMDA Oil and Gas, Inc. (OMOG), an oil and gas production company (OTC.PK:OMOG), through its Chairman, Adam Barnett, announced today encouraging results upon reaching total depth of 1,800 ft in the Gilreath #1, the first attempt in its long term development Oil & Gas play with Young Oil Corp of Knob Lick, KY. The well has been temporarily capped and the drilling rig has been moved off. A crew should be moved in this week to stimulate, test and hopefully complete the well as a commercial producer. Young Oil Corp, the Operator, has informed the Company with the following: “The Gilreath #1 has been drilled to a total vertical depth of 1800'. There were good oil shows in the Sunnybrook formation at 910' and in the first break of the Knox formation at 1760'. After drilling was completed and let stand 8 hrs, there was 122' of free oil standing in the bore hole.” Wells in this area normally require stimulation, or at least acidizing, before any significant oil starts showing in the bore hole. The fact that this well has such a large un-stimulated oil column is an extremely encouraging sign that it should be a commercial success. Final results should be known in the next several days and will be reported at that time. Also at that time, we should be able to give an update on our second well, the Pryor #1. The 46,000 acres that Young has under lease are located in North Central Tennessee in Overton, Pickett, Fentress, Morgan, Scott and Clay counties. OMDA, through its OMDA Oil & Gas, Inc. (Texas) subsidiary has purchased a 20% Gross (15% net) working interest in the first six wells under the agreement and has a “First right of refusal” to participate in both Oil & Gas wells to be drilled on the balance of the 46,000 acres. While covering multiple zones, virtually all the production in this area comes from zones shallower than 2,000 ft. As mentioned above, drilling operations have already commenced. All six wells are expected to be drilled over the next 30 days testing multiple zones to depths up to 2,000 ft, with successful wells to be completed shortly thereafter. OMDA will provide updates either by press releases, or on the company website at the following address: http://www.omogoil.com/projects.html . Also at this web location, the Company has posted additional information on this play. Adam Barnett, Chairman, stated. “While there is no guarantee that the Glireath #1 will be a commercial producer, the reports I have received from Young are quite encouraging. It is a pleasure to work with an operator that can ‘get down to business’ so quickly.” For a Patroon update Barnett said, “The operator at Texas Land & Petroleum has informed me that an agreement was reached last week with the surface owner, International Paper Co., to allow surface preparation to commence. We expect timber removal, road and site preparation to begin this week, and a drilling rig to be moved on shortly after site preparation is completed.” About Young Oil corp. Privately owned Young Oil Corp. is the leading producer and most successful drilling operator in the Appalachian Basin. It is also the largest producer of crude oil in Tennessee by almost twice over the next largest producer. Anthony Young, CEO, has been honored as Tennessee Oil Man of the Year. Mike Branstetter, also of Young Oil Corp, has recently been elected to the Board of Directors of the Tennessee Oil & Gas Association (TOGA). Along with hundreds of other successes, last September Young brought in one of the largest wells ever in Tennessee. The Lucy Newberry #11, located seven miles NE of Livingston TN, almost had a blow out. Initially, Young Oil let it flow at 700 barrels per day choked back through the “blow out preventor” and then through three lines, open flowed at 72 barrels per hour, or approximately 1,728 barrels per day from the Trenton formation. The well was choked back to 200 BOD and from September through December TOGA reports for last year show cumulative production for this well at just under 24,000 barrels. While this well is certainly an anomaly, 80-100 barrel a day oil wells are not uncommon and average oil and gas wells could be expected to produce 20-30 barrels of oil and 70-90mcf of gas per day. Young’s overall success ratio in these fields runs at approximately 80%. About OMDA Oil and Gas, Inc. OMDA Oil and Gas, Inc and its wholly owned subsidiary's, OMDA Oil & Gas Management, Inc and Texas OMDA Drilling & Operating, Inc and OMDA Oil & Gas, Inc. (Texas) are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current projects include a 15% working interest in an 800+ acre play in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well workover play in the Concorde Dome Field in Andersen County TX, and is currently partnered up with Young Oil Corp, the largest Oil and Gas producer in Tennessee on 46,000 acres in North Central Tennessee, with an initial 20% interest in a six well program and a first right of refusal on any other prospects on the Young leases. 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.
Contact: OMDA Oil and Gas, Inc. Investor Relations, 800-621-0113 IR@omogoil.com www.omogoil.com
AOL USERS: <a href="http://www.smallcapquarterly.com/cgi-bin/s.pl?r=1&l=3&e=lovell=:hmfh.com">One-Click Unsubscribe Link Here</a>
Posted by popsgotee on :
I'm liking the interest generating here...would like to see this head toward .037 again. I've been in and out of this one over the last year, moves nice especially on news like above.
Posted by Spinoff on :
Yep and more to come I've heard. Can't wait!!! I'm tryin' ta load up, but funds haven't gone thru yet. GO OMOG!!!
Posted by Spinoff on :
Welp I'm still waiting for more funds, but this guy isn't....GO OMOG!!!
Posted by Gootopia on :
I noticed the end of day had a .14 purchase.... was this a glitz or what?? I was refreshing my portfolio screen and OMOG came up at .14 and my profit was astronomical !!!! When I checked a Yahoo chart there is a volumn for the end of day up at .14 also.
My eyes were seeing $$$$$$$$$$$$$$ after that one!! LMAO !!!
Posted by CAPTNEMOS on :
STILL MOVING
Posted by CAPTNEMOS on :
Im taking my profit,im out all the way,will reenter for range of .007-.0085 if possible again
Posted by CAPTNEMOS on :
anyon else get in and mke money?
Posted by Spinoff on :
Yep...I've been in for some time now, and also part of the yahoo board with the hard core OMOGr's....this Baby should have news coming! GO OMOG!!!
Posted by hlniv on :
OMOG turning here on .012. I'm in .0127.
Posted by CAPTNEMOS on :
Yea time for reentry,
Posted by Spinoff on :
Yep I got more on this swing...should be some more news coming. I'd pay attention to this part of the last PR. "Patroon Prospect (15% Working Interest) -- The operator has informed the company that site preparation is being completed, and barring any unforeseen circumstances the rig is scheduled to be on location by the third week of July. This well is a deeper 6,000 ft. lower risk wildcat which should take around ten days to reach total depth. If successful, the company has as many as nine additional offset locations."
This one should be tasty "IF" the geographic projections are correct.
Posted by hlniv on :
I think today's candle confirms the reversal. Looking for legs up on this one soon!
Posted by marketguru on :
08:23 ET HOUSTON--(Business Wire)--Jun 13, 2005--
OMDA Oil and Gas, Inc. (OMOG), an oil and gas production company (OTC.PK:OMOG.u), through its Chairman, Adam Barnett, announced today encouraging results upon reaching total depth of 1,800 ft in the Gilreath #1, the first attempt in its long term development Oil & Gas play with Young Oil Corp of Knob Lick, KY. The well has been temporarily capped and the drilling rig has been moved off. A crew should be moved in this week to stimulate, test and hopefully complete the well as a commercial producer. Young Oil Corp, the Operator, has informed the Company with the following: "The Gilreath #1 has been drilled to a total vertical depth of 1800'. There were good oil shows in the Sunnybrook formation at 910' and in the first break of the Knox formation at 1760'. After drilling was completed and let stand 8 hrs, there was 122' of free oil standing in the bore hole." Wells in this area normally require stimulation, or at least acidizing, before any significant oil starts showing in the bore hole. The fact that this well has such a large un-stimulated oil column is an extremely encouraging sign that it should be a commercial success. Final results should be known in the next several days and will be reported at that time. Also at that time, we should be able to give an update on our second well, the Pryor #1. The 46,000 acres that Young has under lease are located in North Central Tennessee in Overton, Pickett, Fentress, Morgan, Scott and Clay counties. OMDA, through its OMDA Oil & Gas, Inc. (Texas) subsidiary has purchased a 20% Gross (15% net) working interest in the first six wells under the agreement and has a "First right of refusal" to participate in both Oil & Gas wells to be drilled on the balance of the 46,000 acres. While covering multiple zones, virtually all the production in this area comes from zones shallower than 2,000 ft. As mentioned above, drilling operations have already commenced. All six wells are expected to be drilled over the next 30 days testing multiple zones to depths up to 2,000 ft, with successful wells to be completed shortly thereafter. OMDA will provide updates either by press releases, or on the company website at the following address: http://www.omogoil.com/projects.html . Also at this web location, the Company has posted additional information on this play. Adam Barnett, Chairman, stated, "While there is no guarantee that the Glireath #1 will be a commercial producer, the reports I have received from Young are quite encouraging. It is a pleasure to work with an operator that can 'get down to business' so quickly." For a Patroon update Barnett said, "The operator at Texas Land & Petroleum has informed me that an agreement was reached last week with the surface owner, International Paper Co., to allow surface preparation to commence. We expect timber removal, road and site preparation to begin this week, and a drilling rig to be moved on shortly after site preparation is completed."
About Young Oil corp.
Privately owned Young Oil Corp. is the leading producer and most successful drilling operator in the Appalachian Basin. It is also the largest producer of crude oil in Tennessee by almost twice over the next largest producer. Anthony Young, CEO, has been honored as Tennessee Oil Man of the Year. Mike Branstetter, also of Young Oil Corp, has recently been elected to the Board of Directors of the Tennessee Oil & Gas Association (TOGA). Along with hundreds of other successes, last September Young brought in one of the largest wells ever in Tennessee. The Lucy Newberry #11, located seven miles NE of Livingston TN, almost had a blow out. Initially, Young Oil let it flow at 700 barrels per day choked back through the "blow out preventor" and then through three lines, open flowed at 72 barrels per hour, or approximately 1,728 barrels per day from the Trenton formation. The well was choked back to 200 BOD and from September through December TOGA reports for last year show cumulative production for this well at just under 24,000 barrels. While this well is certainly an anomaly, 80-100 barrel a day oil wells are not uncommon and average oil and gas wells could be expected to produce 20-30 barrels of oil and 70-90mcf of gas per day. Young's overall success ratio in these fields runs at approximately 80%.
Posted by hlniv on :
Hmmm.. hadn't seen that little news piece.. Maybe this will hit tomorrow and give the PPS a nice little surge...
Posted by hlniv on :
Well, well, well... this continues its slow reversal. Closed at HOD last two sessions, currently sitting at .0137 with a reversal confirmed. Let's see some volume now!
And btw, I just realized that my last post was a little off, seeing that the news story is dated June 13, not July 13...
Posted by marketguru on :
lets continue the upward momo
Posted by hlniv on :
This one's getting some attention after hours. A lot of good players are on it. American Bulls posted a confirm BUY signal. Watch out for this one tomorrow & Friday.... Anyone buying under .0165 area will be rewarded nicely. I'm seeing a cup formation on the upswing with a top in the .035 range. After a .0165 break, she flies. My opinion only, of course, take a look at the charts for yourself, make up your own mind.
The momo hasn't even started yet, imo...
Posted by databig on :
i got a email from them lastnite , from what i read , everything looks good,
Posted by hlniv on :
An e-mail from who? OMDA O&G? If so, can you post it?
Posted by Spinoff on :
Here ya go Enjoy folks!!!
Letter from the Chairman July 14, 2005
Dear Shareholders,
It has been almost three months since my last letter to you. In that time the company has made very significant strides in enhancing it's value. At that time Management made certain commitments to all shareholders and I feel we are currently ahead of schedule delivering upon these commitments. We hope everyone has seen first hand what improvements have occurred in our Company, both in fundamentals and in share price. Let me state, we have no intention of slowing down. Through press releases and web site updates we have focused and delivered on providing a more transparent company. Probably one of the most transparent of all public non-reporting Oil and Gas companies. We have a long way to go until the quality of information meets all of our expectations, but we are getting closer each month.
We couldn't have asked developments in the Oil and Gas Industry or performance of our stock price to have cooperated with us more over the last few months. Oil and gas prices are at record high's and our stock price, though still only about 40% of its twelve month high, is approximately 300% higher than the May lows at the time of my last letter. Even if the industry wasn't as hot as it has been, it surely hasn’t hurt that we have delivered on key promises which has contributed to both stockholder morale and the credibility of the company.
COMPANY CAPITALIZATION AND FINANCIAL CONDITION Total shares outstanding remain unchanged at 1,378,500,419 with no foreseeable need or intention to create additional shares. We have no long term debt and our cash position which stood at approximately $700,000 at the time of my last letter, still stands in excess of $400,000. This in spite of adding three new projects in two states giving us access to just under 50,000 drilling acres. This includes having fully prepaid for seven wells that will be drilled in the next month or two. Also included is the expenditure of considerable cash retaining two outstanding Law Firms in our quest to recapture what appears could be some 400 Oil and Gas wells, acreage and equipment which was wrongfully misappropriated by former Management. Due to current Management’s large share holdings, we have and will continue to take no salary or compensation from the company but rely instead, as do all shareholders, on capital appreciation of our equity for our efforts.
DRILLING OPERATIONS (Detailed Information on the Company Website)
Young Oil Project On June 7 the Company initiated a long term relationship with Young Oil Company, the largest Oil and Gas producer by twice over the second largest in Tennessee’s Appalachian area. At that time we pre-paid for a 20% interest in an initial six well shallow (under 2,000 ft) oil and gas program to be drilled and completed by early August. Three of the wells will be primarily targeting Oil and three Gas. In this agreement Young has given a “First Right of Refusal” for OMDA to participate in any future wells to be drilled on Young’s currently owned 46,000 acres. Young’s history of drilling in this area has shown that the Oil prospects tend to be more like mini-wildcats with a lower commercial success ratio of 50-60 percent, but with initial potential success rates testing as much as 1,700 barrels of oil per day as their Lucy Newberry #11 tested last September. The gas prospects tend to more developmental in nature with commercial success ratios in excess of 90%, and have had initial production rates of up to 500 mcf per day.
Patroon Prospect, Shelby County Texas. On April 26, your company signed a Participation Agreement with Texas Land & Petroleum Company, LLC, (TLPC) of Wylie, TX to acquire a 15% working interest in their Patroon Field Prospect, Mooringsport test, Shelby County Texas (James Rowe, Abstract 585). Shortly thereafter we fully paid for our interest in the first well. While not a wildcat per se, as no wells have been drilled directly on the lease, the prospect is up-dip to a Northeast, Southwest fault line and directly offsets a well that was drilled and completed in 1948 by Humble Oil. The Humble #1-C Pickering well was tested in two of three Upper Glen Rose/Mooringsport zones totaling 60’ of pay, and completed in one with 28’ of pay. The lower zone at 5272’-5290 tested at 1,758 mcf/d and 135 barrels of oil per day (bpod). Since the nearest gas line was a hundred miles away at that time, this zone was never produced. The next Mooringsport up the hole at 5,164’-5192’ tested at 1,204 mcf/d and 109 bopd and was completed and produced for approximately 18 months, totaling around 15,000 barrels of oil while flaring the gas. The well was subsequently abandoned due to the very low price of oil and lack of gas value in 1950. On May 27, TLPC pulled a drilling permit on the initial 81 acres of this 800 acre prospect. Initially it was anticipated to take the well down to the 5,300 ft. level and just test the three Mooringsport levels. However, after further discussion with the Geologist and Petroleum Engineer, the Partners in the well are now considering taking the hole down to the 6,000 ft. level and check out interesting “kicks” around the Ferry Lake marker which showed in the old Humble well.
As I mentioned above, our lease currently covers 800+ acres and will, if successful, support 5-6 wells on 160 ac. spacing units, and 8-10 on 80 ac. Units. TEC Engineering Group, Inc. estimates recoverable gas reserves per 80 ac. unit of 1.226 Billion Cubic Feet, and oil of 36,000 barrels. Should TEC's estimates be correct, the gross potential on the 800 acres at the current price of Gas and Oil could exceed $100 million over the life of the project. TLPC has just informed me that site preparation is completed and the Drilling Rig Contractor has been scheduled to spud the first well the third week of July. Due to the depth of this well, it could take up to two weeks to reach total depth on this exciting prospect.
Concord Dome, Anderson County Texas On May 23, Your company signed an agreement in settlement with Barnabas Capital Corporation, Hoactzin Partners and Tengasco, Inc. regarding a 12 well re-completion program in the Concord Dome Field, near Palestine TX. The settlement agreement gives us a fully carried working interest in the above program. This was an early victory in our legal quest to repatriate the some 400 wells I mentioned above. Depending on the outcome of the lawsuit, your company’s interest can be as much as 37.5%, but under no circumstances will it be below 7.5%. While we have no requirement to provide any capital toward this initial program, we also negotiated a right of refusal to participate up to 37.5 % in any additional wells, over and above the initial twelve, on a “heads up” basis with the operator.
To date, the above partners have spent some $1.2 million on this project and expect the field to begin production in a matter of weeks.
Panola County Fredericksburg Prospect. This 1113 acre play in Panola County is a seven to nine well horizontal prospect that your company paid for and has full control over. Your company was lucky and purchased this property some nine months ago while the price of oil was some $25 a barrel lower. Needless to say the value has increased significantly since that time. Engineering evaluation of this prospect shows that expected future recoverable reserves of between 2.25-3.6 million barrels of oil and gas equivalents. At $50 a barrel the ultimate potential of this field is between $125 million and $180 million. While the probability of commercial success is high since some 51 out of 51 successful vertical wells were completed in the Fredericksberg years ago, the costs are also quite high. Drilling and completing could exceed $800,000 per well. For this reason, and since we are under no timing pressure to drill right now, we have elected to keep this “on the shelf” for the time being. While we may ultimately drill this prospect ourselves, there is also a good chance we may decide to farm this out for a retained interest to larger oil companies who are more in tuned to a project of this size.
LEGAL UPDATE
I cannot tell you how many times I have heard and read comments from both shareholders and prospective shareholders that they “don’t care” about investing in a company who is “Suing” for Oil & Gas rather than Drilling for Oil & Gas. As basically not a very litigious person, I would normally agree with those comments. I am not crazy about spending shareholders cash on lawyers and court costs that should be put in the ground. But excuse me because I am going to yell now. PAY ATTENTION TO THIS LAW SUIT AGAINST PRIOR MANAGEMENT. This is serious and there are tens of millions of dollars of assets involved. I am confident that we are going to prevail and I mean soon! As you can tell from the above, this suit is not distracting us from building the company with new prospects. But I assure you that in my opinion it would take morethen ten million dollars worth of drilling and a whole lot of luck to even come close to what the shareholders stand to gain from a successful outcome of this suit for the few hundred thousand legal dollars it is costing your company to mount. We have posted the downloadable legal pleadings to date on the Company website under the “legal update” link. Please take a few minutes to read these.
As I mentioned above, we have already reaped rewards of this suit with the settlement of the Concord Dome project. Our investigators have already identified something approaching 400 wells, acreage and equipment involved in other areas. The amazing thing about Concord Dome is that it was resolved much earlier than we had considered possible without litigation. At the time we commenced our litigation, we were not aware that the additional drilling prospects for new wells would be part of what we could recover. After initial discussions between the operator’s counsel and ours, the operator came forward, explained how he had acquired them and who he had acquired them from. The operator understood that should we prevail in our suit, they could lose all that they had invested, and while the suit was pending, they would be unable to prudently spend what they needed to make the project viable. After reviewing documents and background of the parties, we reached a mutually acceptable and potentially very valuable settlement for all parties thereto.
Our Corporate Counsel, both General and Securities, have done an unbelievable job in investigating the facts and uncovering multiple layers of what appears to be deep fraud, breach of fiduciary duties, corruption and conversion by prior management and consultants. As evidence mounted, I agreed with our General Corporate Counsel, Martin Nathan, that we should bring in a highly respected and well known law firm that specializes in this type of case in order to increase the potential to bring this to a quick conclusion. I did so by engaging the 30 lawyer Houston Law Firm of Zimmerman, Axelrad, Meyer, Stern & Wise. In the short time they have been on board, they have responded to defendants’ motions and production requests and have submitted our production requests to defendants. They have examined the documents interplead into the registry of the court by a former attorney and have discovered numerous documents which I believe establish that we own the assets misappropriated by the defendants and which substantiate our expectation of recovery of millions of dollars, both for actual damages as well as punitive damages.
In closing, I hope that some of your questions and concerns have been addressed and I am leaving you with a better sense of the magnitude of what your Company is in the process of achieving. We are truly in special times and are very well positioned for success in a big way. I don't think anyone can argue with the strides we've made in the last year, and particularly in the recent quarters. If we can project out these past quarters’ results a year from now with the same growth, it should leave one very bullish about the company's future, it's mark in the industry and the potential for very positive stock gains.
Adam Barnett Chairman Omda Oil & Gas, Inc and subsidiaries
Posted by hlniv on :
Thanks!
Posted by databig on :
sorry hlniv i dont know how to post the message or i would have , i should have said it was from the chairman
Posted by brokerage on :
watch this. making another move
Posted by brokerage on :
i don't understand how tnog's market cap is more then this company. OMOG is working on many different oil plays, they own propertys, lease propertys, and are not selling shares.
Posted by Spinoff on :
yep mm games as usual, but I can't wait for a tangible PR just drippin with the slippery stuff....I'd have ta think it'd be soon...C'MON OMyOGod!!! Posted by Spinoff on :
AmeriBulls should give us a Buy Confirmed tom. Here's to setting a new high Posted by CAPTNEMOS on :
Nice post spinoff,shes just begining,.03c before you know it,And looks like tnog is loosing steam so this i thinkis the next big oil play,for most companies i havedd in this sector,this is the only one i feel is a bargain for pps(should be at least .022 and is starting to get recognized more everyday,good luck to all
Posted by brokerage on :
OMOG IS MOVING. THE 50 day and 200 day crossed just like TNOG right before their run.
Posted by brokerage on :
broke the 100 day average for volume.
Posted by Spinoff on :
yep looking good today Posted by brokerage on :
hopefully we get some more volume into close. there is a pending 35 plus million doller lawsuit the company is suing the former owners for. Another company already agreed to settle with OMOG thinking that they would prevail in the case. not mention numerous projects this is a great oil play
Posted by MsKay on :
OMDA Oil & Gas - Shareholder Newsletter In issue two of our newsletter, we covered part one of our question and answer session with Chairman Barnett. Part two is listed below. If you have any questions that you would like to have considered for upcoming lists, please submit them to IR@Omogoil.com. Q. Will OMOG do a reverse split in the future? A.B. As you know, OMOG has not participated in a reverse split since 2002. Since my gaining control of the company, there has been no mention of a need for this type of roll back. As I stated in my April shareholder letter, “At .0001 in that summer of 2003 it would have been easier to do a reverse split than to put in all the hard work and sacrifice in our crusade to protect the shareholder assets from Lanza's grip.” We have seen a huge share price gain in the past twelve months, and I believe that a reverse split is not needed at the current time or in the future with the potential successes of our current projects. Q. What is OMDA currently doing in its pursuit to make the transition to OTCBB? A.B. To make the transition from pink sheets to the OTCBB, a company has to overcome many hurdles, the main one being becoming fully reporting. My main focus over the past year has been equally divided between three main priorities: resolving the corporate disarray left by prior management, acquiring assets and growing revenue streams, and creating a truly transparent pink sheet company. I, along with many consultants and attorneys, have spent countless hours trying to secure accurate financial records of the past few years. I am very proud of all this work and the results so far, for I truly believe we have transformed OMDA from a small pink sheet company with no shareholder communication into one of the most communicative pink sheet companies currently traded. We have added websites, newsletters, project updates, and shareholder letters. Rest assured, we will update the investing public as soon as financial information can be announced without jeopardizing any legal procedures. Along with these updates, we will work to reach our goal of becoming fully-reporting. Q. Are there any other projects that OMDA is currently looking into for acquisition or ownership? A.B. I take my duties as chairman very seriously. I, as a long-time investor, understand the need for fighting complacency. While I strongly believe that our current projects and our lawsuit against Lanza could provide OMDA with strong asset growth for years to come, I know we must always be on the look out for new and even more rewarding projects. We have added four strong holdings (including the concord dome settlement) in less than a year, and I am committed to future partnerships and acquisitions when they make operational and fiscal sense. Again, as letters of intent are signed, they will be announced with press releases and other means of communication. Continued on Page 2 Volume 1 Issue 4 CHAIRMAN ADAM BARNETT ANSWERS YOUR QUESTIONS ( PART TWO) 08/15/2005 WEEKLY SHAREHOLDER NEWSLETTER Quick Facts: Stock Symbol: OMOG YTD High: $0.018 YTD Low: $0.0045 Outstanding Shares: 1,378,500,419 Transfer Agent: Signature Stock Transfer 972-612-4120 Contact Info: IR@OMOGOIL.COM 800-621-0113 WWW.OMOGOIL.COM Young Oil Project Update: The final three gas wells are finished drilling, and are currently shut in awaiting stimulation and flow testing. Young informs OMDA this week that the third party crew that will do these processes is scheduled to begin Aug. 18 or 19th. The Results will be published as soon as they are available. You may access all project updates directly on our website at: http://www.omogoil.com/p rojects.html Weekly Shareholder Newsletter Adam Barnett was in Houston on a business related matter over the weekend, so a local shareholder hosted a last minute Barbecue Saturday with him as Guest of Honor. Though most individuals had less than a weeks notice, some 28 shareholders and prospective shareholders attended, including eight who flew in from out of town. Adam wanted to express his sincere gratitude to all who attended as well as the host shareholder. Page 2 ADAM BARNETT ATTENDS SHAREHOLDER BAR-B-Q Continued from page 1 Q. As projects start to produce revenues and profits increase, will there be dividends for the shareholders? A.B. My mantra has always been “I must increase shareholder value.” To do this, I will focus on the things I have outlined above. I want to turn our current projects into the most profitable entities possible. I also want to settle the current lawsuit and secure the owed assets to the company. Once these things are completed, I believe that the stock price will reflect these positive events. I do wish to reward all the shareholders who have maintained loyalty to OMDA, but I know that profits should go first and foremost to continuing the growth of the company by acquiring additional land and leases. Having said this, I will keep a keen ear open to all dividend and shareholder reward programs as opportunities present themselves. Look for part three of this question and answer session with Adam Barnett in the upcoming weekly newsletters.
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