MIAMI--(BUSINESS WIRE)--April 21, 2004--OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), today announced that it has terminated its Operating Agreement with SHWJ Oil & Gas Company ("SHWJ"), a subsidiary of Wooldridge Production, both of which are controlled by Anthony Joseph Lanza.
As part of the Company's restructuring efforts that commenced in the third quarter of 2003, after systematically reevaluating the performance of SHWJ, their responsiveness to the Company's requests, and the value that SHWJ has brought to the Company and its stockholders over the past 12 months, the Company has decided to terminate its contract with SHWJ.

As of the effective date of the termination, April 16, 2004, SHWJ has been advised to cease all operations on the Company's leases, wells, and properties. The Company is in the process of interviewing replacement operators. Interim service operations will likely be handled by one of the Company's other operators. The Company expects to engage a permanent operator in the next few months.

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. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas.

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