posted
Heating up all day.. primed to run hard. 6x1 mm's .15x.16 3 @ .17 then it's clear.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
| IP: Logged |
posted
How about that movement the last couple days Furry? Lovin' this momentum - but not done yet. HOD now @ .193, would not be surprised if it tested/broke .20 today/tomorrow, as people are apparently HOLDING this stock for higher gains, possibly in advance of more release(s) to come soon... Worth watching for that break.
Posts: 489 | From: Florida | Registered: Aug 2004
| IP: Logged |
posted
Watch BIGN here folks - took a breather today and yesterday, and has held up nicely in the high teens.
Getting more buys today @ .19. Momentum is resuming, and we should see a test and/or break of .20 here short-term.
Could very EASILY exceed that level, as resistance has been WEAK for this stock, and the pps is rebounding now from a recent forward-split.Posts: 489 | From: Florida | Registered: Aug 2004
| IP: Logged |
posted
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.
Posts: 489 | From: Florida | Registered: Aug 2004
| IP: Logged |
posted
BIGN has had a nice week or two run. I think if we can hold the .17 area then we can test .20 again soon. The charts show a dip here from friday, but volume can pick us back up and go again. Nice pr lately. More would help and would allow us to maybe break .20
Posts: 399 | Registered: Jan 2005
| IP: Logged |
posted
Congrats to those who got into and held BIGN for break above .20....it has arrived! - should have continued momentum to .30 minimum soon!
Posts: 489 | From: Florida | Registered: Aug 2004
| IP: Logged |
posted
BIGN has resumed its' momentum, and we are seeing nice, steady movement towards .30, with new hod now .23. That .20 break was very significant, and we can look for higher ticks from here-on, imo.
Posts: 489 | From: Florida | Registered: Aug 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
