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OMOG.... OIL AND GAS
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[QUOTE]Originally posted by LeeroyDollar: [QB] If this PR was true I don't think he is selling. HOUSTON, TX, Jul 20, 2006 (MARKET WIRE via COMTEX) -- OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG), announces that it has entered into a lock-up agreement with its Chairman, Adam Barnett. Mr. Barnett has officially signed a lock-up agreement regarding all his personally owned and controlled shares of OMDA Oil & Gas, Inc. This agreement states that he may not "offer, sell, contract to sell, transfer, assign, contract to assign, gift, grant any option, warrant to purchase, or right to acquire; announce the intention to sell, pledge, exchange, contract to exchange, or otherwise dispose or contract to dispose of any of the Shares on the open market or in a transaction or series of transactions which will result in the Shares being available for sale on the open market." This agreement is effective until May 31st 2007. Adam Barnett, Chairman, stated, "I decided to enter into this agreement in an effort to be as open with the shareholders as possible. I have recently begun announcing my share purchases and this is a continuation of that type of communication." Barnett went on to say, "Due to the fact that I have not exercised my right to sell 1% of my company stock since the beginning of the year and that I also do not wish to sell any shares in the immediate future, this lock-up arrangement seemed to make perfect sense for the company and for me personally." [/QB][/QUOTE]
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