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BIGN!!!! AT 52 WEEK LOW .011!!!!!!!!!!!!
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[QUOTE]Originally posted by J_U_ICE: [QB] Posted by: Imperial Whazoo I've done a "complete" listing off all the assets of BIGN by exhaustively picking apart the entire collection of PRs listed on BIGNs web sight. I did this because I just got tired of the misinformation that seems to get perpetuated on the board. So, I just sat down and worked up a list for everybody to scrutinize. Hope it helps everybody. It sure gives me a better picture of the current company I've bought so much stock of. Preleminary notes: Due to incomplete data, it is unclear what ownership position BIGN currently holds in properties owned by Tyche. The reasons for this are that it appears that BIGN has been selling off (or deeding) its Tyche ownership, but there is no way to ascertain from the press releases the exact "who what or when" of this selling/deeding. Here is my working list delineating the changes in Tyche ownership: PR release 11/01/04 - BIGN buys 50% of "certain assets" of the company that eventually changed its name to Tyche followed by the PR release 12/13/05 - BIGN spins off 10% of the 37.5% ownership it held in Tyche Energy, Inc. Evidently, sometime between 11/01/04 and 12/13/15, BIGN disposed of but did not disclose the "sale/transfer/deeding over" of 12.5% of Tyche because it stated that it owned 50% on 11/01/04 and also stated that it owned 37.5% on 12/13/05. To bring their current position down to the 27.5% figure I use below in conjunction with my references to Tyche, bear in mind that they spun off 10% as stock to BIGN shareholders. And, I could be wrong in my conclusions. It might not be 27.5%. Regarding Hydroslotter, after this full review of all the documents on BIGN's web page, I do not think that the information that was posted on the web that the Hydroslotter relationship will run out after the four wells at Grimes have been done is accurate. Please refer to the article with the following release date: 2005.01.14. Further, the most logical reading of the poorly worded PR dated 2006.08.09 seems to indicate that the relationship with Hydro- slotter is not limited to the current wells being done at Grimes. Also, please note that I skipped all the references to the acqui- sition of the East Tesas LOIs due to the circumstances we currently suffer under: ie... that the deal is simply a work in progress at this time. In fact, this hilights a particular slant I have taken here: I treat, to the greatest extent possible, only known deals and events as truly existing. A reading of the known deals and events is lengthy, so it is not any kind of a drawback, IMHO, to have omitted the East Texas LOI deals at this time. If and when it materializes, it can be added with accuracy. Finally, please bear in mind that this was really hard to put together because the PRs BIGN has issued are just a mixed up mess. All kinds of things change from one PR to the next and no expla- nation is given. So, I encourage anybody and everybody to edit this list and correct any mistakes I've made. I am 100% sure of only one thing, now that I've done this exercise, and that is that there is a great need for a THOROUGH business report from BIGN. So, please don't bust my chops if I got some of the details wrong. Thanx & good reading Imperial Whazoo Asset Article(s) on [URL=http://www.bignltd.com]www.bignltd.com[/URL] (1)27.5% of a 10% GORR (gross over- 2004.10.20 - "Acquisition of riding royalty interest) on oil and gas interest" &petroleum and natural gas 2004.11.01 - "Oil and gasproduced from a 1,600 acre acquisition completed" pooled spacing unit on Lake Erie. STATUS: Producing 400 BOPD (2)27.5% of a second producing well 2004.10.20 - "Acquisition ofthat was mentioned but never oil and gas interest" & described. 2004.11.01 - "Oil and gas STATUS: Producing but daily acquisition completed" amount unknown (3)27.5% of 65.00% non-operated WI 2004.10.20 - "Acquisition of before payout and 27.5% of oil and gas interest" &48.75% WI after payout in the 2004.12.10 - "Biogenerics LtdHarwich 1-1-18-IV WCR gas well details acquisition of oil located in Harwich Township, and gas assets..." & Kent County, Ontario. 2005.02.15 - "Reports on STATUS: Producing 465 MCFD (??) completion of well site preparation" & 2005.11.14 - "Biogenerics Announces Charring Cross Natural Gas Project Update" & 2006.03.21 - "Tyche Energy Inc. Commences Production at Charring Cross Property" (4)27.5% of 3 additional shut-in 2004.10.20 - "Acquisition ofoil and gas wells, mentioned oil and gas interest" & but never described. 2004.11.01 - "Oil and gas STATUS:SHUT-IN acquisition completed" (5)27.5% of a 50% WI in over 2004.10.20 - "Acquisition of15,000 acres of producing and oil and gas interest" &nonproducing crown exploration 2004.11.01 - "Oil and gas licenses on Lake Erie. acquisition completed" STATUS:Not producing (6)27.5% ownership of over 2,000 2004.10.20 - "Acquisition ofkilometers of seismic data and oil and gas interest" &extensive aeromagnetic and 2004.11.01 - "Oil and gasgravity survey data covering acquisition completed"oil and gas exploration fairways in Lambton, Kent and Essex Counties, Ontario STATUS: N/A (7)Formed a joint venture with 2005.01.14 - "Biogenericsprivately-held, Toronto-based forms joint venture"Hydro Slotter Corporation wherein Biogenerics receives 50% of the profits derived from utilizing the company's hydroslotting technology. STATUS: N/A (8)18.33% ownership in unspecified 2005.02.15 - "Reports on WI in the the Mosa 6-13-III gas completion of well sitewell located in the Silurian preparation" & Grimsby sand stone formation in 2005.03.29 - "JV partner southwestern Ontario. Tyche Energy formsNOTE: Completion was pending agreement withfor this well & it was announced Torque Energy Inc." &that it was to be hydroslotted, 2005.04.08 - "JV Partner but there was no final report. Tyche Energy completes Also, 1/3 of the 27.5% was given second agreement" & to Torque Energy to for explor- 2005.07.19 - "Biogenerics ation & development, so the WI JV Partner Tyche Energyis reduced to 18.33% Reports on Completion STATUS: Unknown Operations at Well No. 1 in Mosa Township and Commencement of Hydro Slotting Process" (9)Unspecified "wholly-owned subsid- 2005.02.15 - "Reports oniaries", info on which was completion of well sitepromised but never released. preparation" STATUS: Unknown (10)27.5% ownership in over 4000 2005.03.04 - "Commencement acres of petroleum and natural of drilling operations"gas leases within the fairway on the expanding Silurian Grimsby sandstone gas play in south-western Ontario. STATUS: Unknown (11)80% WI until cost recovered, 2005.07.26 - "Biogenerics then 40% WI thereafter Strategic Partner Hydro-(Grimes #1??) Slotter Corporation STATUS: 14,400 MCFD Completes California Well to Meter Site" & 2005.10.11 - "Biogenerics Announces Update on Hydroslotter" (12)Agreements on four additional 2005.08.23 - "Biogenerics gas wells in California Signs Agreement to Tap NOTE: Reports that this is Four Additional Gas Wellsevidence that the relationship in California" & between Hydroslotter & BIGN 2005.01.14 - "Biogenericsexpires after Grimes are not forms joint venture"true. A careful reading of this agreement reveals that BIGN has agreed to employ Hydroslotter technology; this is not an agreement signed between Hydroslotter & BIGN. STATUS: Grimes #2 completedGrimes #3 & #4 in progressGrimes #5 uncertain (13)27.5% of 1.95% GORI (gross 2005.09.19 - "Biogenerics overriding royalty interest) Completes Acquisition ofin the Talisman Romney Rubicon Petroleum" &8-194-TRS horizontal oil well, 2004.11.01 - "Oil and gasthe longest horizontal well acquisition completed"drilled in North America to date. STATUS: 400 BOPD (14)27.5% interest in over 5,996 2005.09.19 - "Biogenericsgross acres of non-producing Completes Acquisition ofinterests/exploration licenses Rubicon Petroleum" &on Lake Erie, thru the purchase 2004.11.01 - "Oil and gasof the petroleum and natural acquisition completed" &gas assets of Rubicon Petroleum. 2005.12.01 - "Biogenerics'Tyche now holds a 50 percent WI JV Partner Tyche Energyin 2,560 acres of exploration Adds State-of-the-Artlicenses immediately offsetting 'N2Vision' Seismic Data the Romney 8-194-TRS well, and Technology to Lake BIGN owns 27.5% of this 50%. Erie, Ontario Oil Field STATUS: Undeveloped Project" (15)Biogenerics has financing 2005.10.18 - "Biogenerics agreement with an institutional Announces Financing Plan investor (Royal Petroleum) in for the Hydroslotterplace for hydroslotting at 8.5% Roll Out" & interest as needed and secured 2005.10.20 - "Biogenericsby current production. Limited Prepares for DualNOTE: This agreement was SECURED Listing in UK & Reiteratesby existing production!!! Impact of Recently Announ- STATUS: Unclear ced Royal Petroleum Finan- cing Commitment" (16)Memorandum of Agreement with 2005.12.01 - "Biogenerics'Productive Geoscience pursuant JV Partner Tyche Energyto which they will apply the Adds State-of-the-Artthey will apply its proprietary 'N2Vision' Seismic DataN2Vision seismic interpretation and Technology to Laketechnology to evaluate the Erie, Ontario Oil Fieldpetroleum and natural gas Project"potential of selected offshore Lake Erie lands in which Tyche owns an interest. STATUS: In Process?? (17)27.5% in an unspcified ORI 2005.12.01 - "Biogenerics'(overriding royalty interest) JV Partner Tyche Energy that Tyche owns in 1,260 acres Adds State-of-the-Artof producing offshore Lake Erie 'N2Vision' Seismic Datalands located in Romney Technology to LakeTownship, Kent County, Ontario. Ontario Oil Field STATUS: Unknown Project" (18)27.5% interest in the 19,000 2005.12.01 - "Biogenerics'plus acres of exploration lands JV Partner Tyche Energyin Ontario and Northeast, BC. Adds State-of-the-Artto which Tyche currently holds 'N2Vision' Seismic Datavarying working interests. Technology to Lake STATUS: Undeveloped Ontario Oil Field Project" (19)BIGN announces it owns 37.5% 2005.12.13 - "Biogenericsof Tyche & that it will spin Provides Business Summaryoff 10% to current share- of Tyche Energy Spin-Off"holders, leaving 27.5% owner-ship position in Tyche. STATUS: Completed (20)Biogenerics Limited signs a 2006.02.27 - "BiogenericsLOI with Productive Geoscience Limited: Independent Con-and Tyche Energy whereby PG tractor Retained to Pro-and Tyche will provide vide Geological, Geophy-geological, geophysical and sical and Managementmanagement expertise to Expertise"explore and develop petroleum and natural gas projects in Canada and the United States for between 3 and 10 years. STATUS: In Effect (21)Ophelia 1 comes online, Grimes 2006.05.18 "Biogenerics property, California; BIGN Limited Announces 2nd ownership interest unspecified. Grimes Well is Online" STATUS: 1,450 MCFD (22)BIGN investst in N-C02 gas 2006-07-20 - "Biogenericsinjection production stimula- Limited Comes to Agree-tion technology agreement; ment with N-C02 Technologydetails of agreement Company"unspecified. STATUS: In Effect (23)BIGN is listed on the Frankfurt 2006.08.02 - "BiogenericsExchange in Frankfurt, Germany. Limited Listed on The symbol assigned to the Frankfurt Stock Exchange"Company is as follows:D9G ISIN: US09063F1012 WKN: A0HG80. STATUS: Done (24)Hydroslotter Corp. reports that 2006.08.09 - "Biogenerics the drilling and rigging equip- Provides Update on Hydro-ment is currently working on slotting Progress in wells No. 3 and No. 4 and that Grimes California Site"the Hydroslotting process to complete well No. 3 is in progress. Upon completion of well No. 3, the crew will proceed immediately to well No. 4 and initial results from the wells are expected in approximately 2 weeks. Regarding additional wells to be slotted, Biogenerics will evaluate its position to continue on with other wells located nearby.STATUS: Still waiting (25)BIGN and WW Oil & Gas Inc sign 2006.09,19 - "BiogenericsLOI to share a 50% interest in Partner WW Oil & Gas In properties located in Ward Process of Acquiring OilCounty & in Borden County and Gas Assets From East Texas. WW Oil & Gas Inc. has Texas Oil Properties"committed to commence work on afirst well for re-completion in early September. The Ward County property includes multiple wells for recompletion. STATUS: Pending "Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS." [/QB][/QUOTE]
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