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Author Topic: BIGN post forward split looking great
mosbyone
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BIGN was tarding around $1 before the 9 for 1 forward split lots of upside here imho.
Check out the chart:
http://stockcharts.com/def/servlet/SC.web?c=BIGN,uu[h,a]daclyyay[dc][pb5!b10!f][vc60][iUb8!La7,12,4]&pref=G

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Anything I say about a stock is in my opinion only! Do your own DD before buying any stock.

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BullzeBob
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Looks like people want this thing higher...bouncing now off of lows from split.
Current HOD .14, and appears to be winding up to go higher.

Should consolidate today, and move higher next week.

Fwiw...Only 1 MM left @ .15 and @ .20 - very little resistance.

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BullzeBob
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B I G N - - NEWS OUT AFTER-HOURS....very positive!
...Technical stuff, but involves acquisition of mining interests, aside from the juicy headlines.

THE NEWS:

Press Release Source: Biogenerics Inc.

Biogenerics Joint Venture Partner Completes Drilling of Well and Production Testing
Friday May 13, 5:11 pm ET
Will Commence Utilizing HydroSlotter Technology
Company Concurrently Announces that Tyche Acquired Producing and Undeveloped Assets from Rubicon Petroleum



TORONTO--(BUSINESS WIRE)--May 13, 2005--Biogenerics Inc. (the "Company"), (OTC:BIGN - News) Biogenerics announces that Tyche Energy Inc. ("Tyche") has advised that drilling operations at the Tyche well #1 have been completed. The well reached a total depth of 2,032 feet and encountered the Grimsby formation at a depth of 1,841 feet.
The subject well encountered a 16.4 foot interval within the Devonian Dundee formation that tested 10 - 15 barrels of oil per day. The well is currently being plugged back to allow for a completion and production testing of the indicated oil zone. Tyche will complete the subject well utilizing a proprietary technology owned by Hydroslotter Corporation. Abrasive Hydrojet Perforating Technology ("AHPT") is a patented technology developed in Russia that has been used successfully in re-completing damaged oil and gas wells in Russia, Vietnam and the United States. AHPT provides significantly greater depth of penetration and corresponding enhancement of near well bore permeability when compared to conventional perforating technologies. This will be the first field test of AHPT in Canada and the first time it has been used as a primary completion technology.

Biogeneriics' partner, Tyche also announces that it has completed the purchase of producing and non producing assets from Rubicon Petroleum Inc. The subject assets are located in Southwestern Ontario and North East BC and are comprised of varying interests in both producing and non producing lands. The Producing assets include a 38.48% working interest in one (1) producing gas well, and a 1.96% gross overriding royalty in one (1) producing oil well with net daily production to the company of approximately 3.5 BOED The undeveloped assets are comprised of a fifty percent (50%) working interest in approximately 10,000 acres of exploration licenses located within the prolific Trenton/Black River oil play, and a ten percent working interest (10% WI) in two Crown P&NG licenses located in the Caribou-Sikanni Area of North East BC.

Tyche reported that follow-up exploration work carried out over the company's 6,000 acre lease block in Dunwich Township, Ontario have confirmed the results of the initial survey and an exploratory drilling location has been chosen for a well that will test the Silurian Grimsby formation. The Grimsby is expected to be gas bearing at this location. Recent discoveries in the Grimsby formation have proven reserves of up to 2.0 BCF of gas per well.

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Ka-Ching
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BIGN - lovin' this stock.

Check out this momentum today! - Obviously not done, even after news release Friday - BROKE THRU 52 WEEK HIGH! - wants more, looking for .20
MOvin' strong now after forward-split!

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BullzeBob
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BIGN - new HOD and new 52 WEEK HIGH !
Hit .20 after holding up strongly during lunch.
Great news on Friday, and moving up on forward-split momentum...

Watch for push thru .20....MMs keep backing off ask - good luck!

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BullzeBob
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Another day, and holding up very nicely!
Ask getting hit @ .19...even though buying has slowed, and BIGN is consolidating today.

Very positive that it's maintaining this area -
Watch for break of .20 when it regains momentum.

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BullzeBob
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Our lil' BIGN looking very good - took a breather yesterday, and held up nicely in the high teens.

Getting more buys today, with a high of .19 so far - with Ask THINNING now. Momentum is resuming, and we should see a test and/or break of .20.

Could very EASILY exceed that level, as resistance is WEAK for this stock, and the pps is recovering now from a forward-split.

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BullzeBob
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BIGN NEWS! READ THROUGH! - Watch for break of .20 soon also!

May 18, 2005 04:30 PM US Eastern Timezone

Biogenerics Commences HydroSlotting Drilling Program in Grimes, California Location; Company Continues to Utilize HydroSlotter Proprietary Technology to Reach Maximum Well Potential

TORONTO--(BUSINESS WIRE)--May 18, 2005--Biogenerics Limited (NQB::BIGN) today announced that Hydroslotter Corporation has completed analysis of an initial target well in Grimes, California and the Joint Venture will commence, utilizing the hydroslotting proprietary technology to maximize well potential.

The target well is located in the West Grimes Gas Field, in the Sacramento Basin, in Colusa County, California. It is a shut-in well that was originally drilled in 1986 and encountered potential gas pay in one of many intervals in the Forbes Formation. A total of 380 MMCF gas was originally extracted from only one zone (avg. 300 MCFD). Geologically, the West Grimes gas field is one of a number of deep-marine depositional environments in the Forbes Sandstone Formation.

Biogenerics is focusing on five different behind-pipe potential pay zones. The analysis has shown that several of these behind-pipe zones have large quantities of additional gas. Numerous wells in this immediate area have produced out of these other Forbes Formation zones at very prolific flow rates (up to 4,000 MCFD), have yielded excellent per well reserves (up to 5 BCF per well), and have long productive well lives.

One exciting aspect of the hydroslotting technology is that it is one of the only technologies that works increasingly effectively to increase pressure. The Forbes Formation is overpressured to a 0.6 or 0.7 gradient, instead of 0.5 which would be natural for this depth, which should show strong technological results for this program. In addition, 99% of all chemical treatments that are applied to this Formation without anything else have failed. Experience has shown that hydro-fracture treatments are ineffective. Successful implementation of hydroslotting will prove that hydroslotting offers major benefits that are exclusive from all other technologies and will offer many benefits in all high-pressure formations. In the future this aspect may lend itself effectively to deep trek formations.

"The Andreotti well is an example of our strategy of focusing on low-risk exploration activities with concentrated efforts on technology, which we contend, will generate production levels not available in today's market," stated Gary Kelley, Chief Executive Officer. "Biogenerics has minimized the up-front capital needed for this hydroslotting program with the possibility of increased cash flow. This provides a sound basis for the Company's continued growth as a profitable and successful energy producer."

"Additionally, we have started our hydroslotting drilling program in the 'dry' season, typically from April to November, and have avoided the contingency costs of the considerably more expensive 'wet weather' conditions," Kelley concluded.

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BullzeBob
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BIGN has performed very well since
it first garnered attention @ around .13 - and holding up very strongly, giving all a chance to exit if they so chose.

The recent developments have been very positive, and the fact that it's holding so well in the high teens, indicates that those in are expecting higher returns later.

Good hold, imo - I believe we'll soon see a break of .20, with little resistance afterwards.

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