OMDA Oil and Gas Soars on News of New Oil Field Operator
by Tom Bustamante
Staff Reporter

NEW YORK--April 29, 2004--(WSNC) - OMDA Oil and Gas, Inc. (OTC.PK:OMOG) stock has been climbing on news that it has contracted Thrash Oil Field Specialty Company to act as the Company's interim operator.

OMDA Oil and Gas was trading up 36% to $.0052 per share, on volume of 54 million as of 12:15pm EST. (join our FREE WSNC Oil and Gas Newsletter)

Adam Barnett, the Chairman of OMDA Oil and Gas commented, "Company management intends to work closely with Thrash to achieve the most cost efficient production that will translate to maximum long-term income. The Company's strategic plan calls for increased focus on its natural gas production, which costs less to produce, requires less in-field maintenance, and produces more income per dollar invested."

"Thrash will continue to work on the Company's leases and does not expect to have any significant downtime as a result of the termination the Operating Agreement with SHWJ Oil & Gas, Inc."

The company also stated, "As the Company has progressed through its strategic restructuring plan, the Company has remained focused on its commitment to increase stockholder value. During the past nine months, the Company has not issued any additional shares of capital stock, including as a result of the conversion of any convertible debt or equity securities. On the contrary, during that same period of time, the Company has reduced the number of issued and outstanding shares of its common stock by approximately 20% to 799,952,715 shares."