posted October 18, 2004 11:10            

No news, volume up... Something coming or it's the oil price!?!?!?

The big ride seems to be on the way!!

posted October 19, 2004 13:55            

Now at .016!!!!

posted October 19, 2004 13:57            

Found this on another board that may explain wht this one is flying!!

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****NEW INVESTORS - A MUST READ****

The post below is the most important ever made about OMOG. It was made early Sunday, Oct 17th, and has since drifted off the first page so I repeat it here. It will go down as "The Perfect Storm - Part Two".

For those of you familiar with the HealthSouth story, I need say no more. For those of you not familar with that story you will be glad you are here for OMOG which is destined to repeat it's history. It was up well over 60% today following this post and OMOG has lots of upside left.

By: tchauncy
17 Oct 2004, 12:28 PM EDT
Msg. 176137 of 176200
(This msg. is a reply to 176115 by hamvestor.)
Jump to msg. #
ham - Can you think of any other reason than short selling, that the stock has stayed in such a tight range over the past three months, while the volume has been more than double to total number of shares outstanding. And during this time the price of oil has risen 18 a barrel and gas 2 a mcf? I bought my second million shares of this stock on May 5 and paid .008. A higher price than what it could have been bought on the opening Friday morning.

And more shares being issued is not valid. I continuously check with the TA. No new shares have or are being issued. I made a post here several months ago right after I had my first conversation with Adam Barnett about a deal I made with him. Here is the deal.

I told Barnett that since he has publicly stated after he wrested control of the company from Lanza that he was not going to issue new shares at anything resembling these prices, And in fact was going to try to reduce shares. At that time he had recently retired over 200 million shares to the treasury, bringing the total outstanding from slightly over a billion to under 800 million. Since that first discussion he did reduce the capitalization another 10 million shares. If he stuck with this, I would make him a deal he shouldn’t refuse.

As long as he didn't issue any new shares, I would do two things for him and the company and would not ask or accept any cash, stock, warrants, options, converts or any other type of compensation from the company. I would personally in the open market buy a major position in the stock along with a couple of dozen of my strongest friends and I would contribute my 30 years of Oil and Gas experience along with Oil and Gas contacts that would make this company a significant industry player over the next couple of years. He came to Houston, visited with me and some of my investors and contacts and agreed to my deal. He has kept up his end of the deal, and I have kept up mine.

I must admit, I never dreamed that we would have been able to buy as many shares as we have, particularly with the price of oil and gas rising so much. But we have and we could not be happier for it. We didn't know at that time that such a large short would appear to make it possible, but it has. Now in hindsight, I can understand why.

As I posted a couple of weeks ago. Since this is a pinky, it has something available that no registered stock has. It has the ability of issuing up to one million dollars of immediately free trade stock every twelve months at any price under Rule 504. For a dozen years under Lanza, he took advantage of this each year, usually in August, it appears that this is what he did.

He would pay some tout to pump the stock for example to .003 and at which time a group of his hedge fund or MM friends would start shorting the hell out of the stock. Lets say a billion shares over the ensuing year. Then when the twelve months were up, these hedgies/MM's would come to Lanza with a million dollar check in hand and Lanza would issue them a billion shares at .001. They would take these share, cover their short with it and walk away with a slick two million dollar profit. Lanza would take the cash and put a little in the company, but take most of it for "compensation". Then it would start all over again for the next twelve months. The hedgies and MM's loved this deal and so did Lanza. That is why Lanza rarely held any significant amount of shares historically in the company.

But something happened right after last years August 504. Barnett took over control of the company by buying a controlling interest in the market and threw Lanza out in September. This unfriendly change of control was never really publicly announced as such, but was discussed on this board at that time. So the hedgies and MM's must have just assumed that Barnett was just one of Lanza's people so they just starting building their "annual" short in the stock. Fully expecting to be able to come back this August and do their annual 504 with the company and cover their short. This was confirmed to me when Barnett told me, as I posted here at that time, that his phone was "ringing off the hook" beginning late this past August by people who wanted to do a million 504. While at my suggestion he did not outright reject their offer, he has just cordially just "put them off". So, human nature being what it is, they just kept shorting more, assuming that he was going to "let them out of the trap". After all, who ever heard of a pinky turning down a million dollars? (Now you know why playing in the "pinks" can be hazardous to your financial well-being if you don't know what you are doing. :-)

Why would they continue to short more? Because the buying was still strong and steady as the price of oil and gas increased. If they didn't short more, the stock price would start increasing and if enough momentum were allowed to build up, it could "get away" on the upside and the number of shares they would get from the 504 would be less as the price increases. So they got hooked into a "catch 22". Now they are probably beginning to think they may have a serious problem. If this buying continues and Barnett doesn't do the 504 at one hell of a discount to market soon, they could start getting "bought in" big time. And since they probably know that 90% of all the sales that are being made right now are being made by them, I suspect that they are not sleeping very well lately.

Well, if any of them are reading this board. Here is a rude awakening. Barnett has no intention of doing any 504 at any prices less than several multiples of this price. Why it is such a serious problem for them, the higher the stock goes the less shares would be issued should Barnett decide at some level to do it. (And BTW, at the right price, I would recommend he actually do one) Remember, it is the dollar amount that is limited (one million max). Not the share amount. At a penny, it would be 100 million shares. At a nickel it would be 20 million shares, at a dime only 10 million shares. So you can see why Barnett is not in any hurry. But obviously the short by now is in the several hundreds of millions of shares and getting larger each day. IMO, with the size of the short that I believe is in place, there really is only one way out and that is to buy their way out in the open market. The million dollars worth that they could get from a 504 is just a pittance unless they can get the stock to tank very big. That isn't going to happen. Since this is an unregistered pinky, there is no conventional registration available even if the company wanted to do one that would allow issuance of over a million dollars worth of free trade stock.

In all my 31 years investing, including the ten years I was a MM, I can't remember seeing anything like what is happening here. I have seen dozens of short squeezes that made stocks move ten fold or more, but usually they only have a legitimate 23-30% short. I can't comprehend that the one here is any less than double and could be triple that percentage and all happened without the stock hardly moving from its current small $6 million market cap.

posted October 29, 2004 15:15            

MMs are in a very bad short position on this one. Todays run only covered about 2% of the short position...

posted October 29, 2004 15:50            

HAHAHAHAHAHAHHAHAHAAHAHAHAHAHAHAHAHA!

posted November 01, 2004 09:58            

This one is going up and up again.

027. Wow!

I bought this one when it was 0045...sure wish I'd have held longer...LOL

posted November 01, 2004 10:55            

Alot of people will be kicking themselves for not getting in on this free ride!!

posted November 01, 2004 17:29            

Sadly,...I have been following it since April of this year.

posted November 03, 2004 14:10            

Where this one could stop!!??

posted November 03, 2004 14:13            

quote:

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Originally posted by joz017:
3.6 cents.
Another 52 week high.... Quarter results yet to come in the next weeks. Oil price still rising, profits are here.. Do your DD and see for yourself!

Where this one could stop!!??

Nothing but good things coming ahead for OMOG in the next year!

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And don't forget the MMs are in a very bad short position!!!

posted November 04, 2004 13:52            

MIAMI--(BUSINESS WIRE)--Nov. 4, 2004--OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), through its chairman, Adam Barnett, today has issued an update as to the status of its formerly announced Sept. 7th Letter of Intent to acquire an undivided 70% working interest in this hydrocarbon rich, developmental oil and gas play. At the time of our initial announcement of this project, we were informed by Harold Smith, CEO of S&H Resources of Longview TX, the operating company, that he expected to be able to deliver clear title opinion and reserve engineering evaluations to OMDA in approximately two to three weeks. Therefore we informed our shareholders of this by stating; "The acquisition is expected to close within a few weeks". Since almost two months have passed since we made this announcement and we have not yet consummated the deal, the Company felt that it would be prudent to give an update as to the status of the closing of this deal.

Smith has been keeping us informed as to the reasons for the delay in his delivering the required information which in no way has had anything to do with OMDA. The Company has been prepared to close on this exciting prospect for the past six weeks. Smith has explained that the reasons for the delay in being able to deliver the information that OMDA has required has been a combination of events. The primary reason for the delay is the quantum leap in drilling interest in this hot area due to record high oil and gas prices. Due to the complexity of properly putting together a horizontal drilling program of up to ten drilling prospects on this total lease which is made up of some 15 subleases, all interest holders, to include in excess of 350 royalty interest holders, must be properly identified and verified. In the horizontal wells that we will be drilling, where "laterals" can exceed 2,000 ft. on the horizontal, it is imperative that we have no surprises on ownership of a penetrated lease after a well is drilled and completed. OMDA has insisted that S& H have this "title work" verified and delivered, with opinion, by a reputable Oil and Gas Attorney. Under normal circumstances prior to the leap in Oil and Gas prices and activity in the area, this normal procedure should have only taken a week or two. But, due to the increased activity in the area, and the limited number of qualified "area knowledgeable" Oil and Gas attorneys, this project had been "stacked in the queue" .

We have now been informed that this project is being actively "worked" and should expect to be delivered to OMDA some time next week. Since the delay has been exclusively caused, not by the company, but by S & H, there has been a positive by-product of the delay for the Company. Smith has agreed to a Company request to "sweeten" the terms of the originally negotiated deal with OMDA.

Adam Barnett, Chairman, stated, "We have been shown several other projects over the past two months, but none with the upside potential of this exciting play. While there is no assurance that the wells we intend to drill on this prospect will even be commercially successful, we have been provided with information that three "horizontal" Fredricksburg Lime wells drilled on leases south of our intended lease have successfully been completed with production rates of 130 to 400 barrels of oil per day and gas rates of 200 to 500 mcf per day. Needless to say, that should we be successful with wells anywhere near these levels, this field alone can be a "company maker". Barnett went on to say, "Additional reasons for our excitement in this prospect are two fold. One; its relatively low risk, in that while we are budgeting the approximately $750,000 per well to drill completely 'new' wells for the horizontal program, we still have ownership of the original 51 shut-in, once all commercial, wells on the lease. These old wells were shut in years ago, not due to cessation of the wells delivering oil and gas, but due to economics of the time. With current prices, and modern technology, there is every reason to believe that for minimal costs, they also could be brought back into production. And Two, there are two shallower hydrocarbon bearing zones on these leases which have never been tested and also have commercial potential. "

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.

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc and it's wholly owned subsidiary's, OMDA Oil & Gas Management, Inc and Texas OMDA Drilling & Operating, Inc 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.

--------------------------------------------------------------------------------
Contact:
OMDA Oil and Gas, Inc.
Adam Barnett, 305-609-2345
omoilandgas@aol.com
www.omogoil.com

posted November 05, 2004 03:39            

quote:

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Originally posted by sunny:
Good morning!!

This one is going up and up again.

027. Wow!

I bought this one when it was 0045...sure wish I'd have held longer...LOL

Oh well.

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posted November 08, 2004 18:36            

Anyone think that this is a good time to
get in this one, or has it had its run?

posted November 09, 2004 14:01            

Could it be related to lower oil prices?

" Oil prices slid more than a dollar to 7-week lows on Tuesday as growing signs of ample supply eases concerns over fuel stocks for the northern winter.

U.S. light crude dropped $1.29 to $47.90 a barrel, way below the all-time peak of $55.67 struck on Oct. 25."

http://story.news.yahoo.com/news?tmpl=story2&u=/nm/bs_nm/markets_stocks_dc

posted November 18, 2004 16:16            

it wont let me post the site, but the site is *************

[This message has been edited by roadrunnerv8383 (edited November 18, 2004).]

posted November 18, 2004 17:59            

I usually post about OMOG on another board but I feel like under a penny will be a good buy. We could possibly see that if there is no phenominal news released.

If it can close past .015 then it looks good but otherwise we'll be trading sideways or dropping is what I'm seeing. The downtrend was confirmed on November 11th.

Hope I don't sound to anti-OMOG but I did talk highly about it when it was trading at .0040-80 and I mentioned a breakout would occur if it past .0084. BOOM.

Good luck and just wait & watch this one.

quote:

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Originally posted by roadrunnerv8383:
it still wont let me post the site even without the .com part. oh well anyway what do you guys think about omog?

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