posted
Fully vested here and holding. Low keyed PR. Maybe insiders want more shares before the big run. Hope it's the slow steady climb to 1.05 like it's last run. Feel fairly safe holding this growth gem. Surplus this wk Gas down .30/gal. Any disruption we blow. GLTA
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May 10, 2006 (M2 PRESSWIRE via COMTEX) -- Biogenerics, Limited (OTCPK:BIGN), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscriber's cutting edge research tools, and second to none customer service.
Biogenerics, Limited a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves, yesterday afternoon announced that Ophelia 1 is the second of four gas wells to go online from its Grimes property in California.
After its initial serge, production reports indicate that, after three weeks in operation, current flow rates for Ophelia 1 have stabilized at 1,450 mcfd
Ophelia 1's initial yields represent a significant success for Biogenerics and their strategic alliance partner, Hydroslotter Corporation, in returning the Grimes region productive prominence. Numerous wells in the Grimes region were shut in nearly two decades ago with production from Ophelia 1 ceasing in 1989.
Biogenerics Limited is also pleased to announce that Mr. James Lancaster of Tyler, Texas has joined the board as Director and CEO. Mr. Lancaster brings 30 years of experience in various business ventures, primarily oil and gas.
''I have always been excited at the potentials of the Hydroslotting technology,'' stated the newly appointed CEO of Biogenerics Limited, ''However, without the rigorous effort put forth by our excellent staff of professionals, it would have been extremely difficult to get Ophelia 1 online in such a stringent timeframe.
On an additional note, we are also looking forward to getting the two remaining wells in the Grimes gathering system online in the very near future.''
Following the announcement, shares of Biogenerics, Limited traded up nearly 10% on volume of over 10 times the daily average, as investor's sentiment seems to have changed.
Biogenerics looks stronger then ever as the company moves forward quicker then expected as their staff works hard in hopes of a brighter future. Currently trading at $0.028, this company traded on a fairly wide range from between $0.027 and $0.036 and I feel that as we get closer to drilling things should improve as this company once traded at $0.25. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
-------------------- The difference between genius and stupidity is that genius has its limits
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Since I have been home sick I decided to read the pr's and dd on this creature. I have learned a lot.
I think their revenues are already way beyond what I thought. I figured off of the 4 wells now under development but did not realize there was an original well that was not part of the 4.
quote: TORONTO, Jul 07, 2005 (BUSINESS WIRE) --
Biogenerics Limited (OTC:BIGN), today announced that is partner, Hydroslotter Corporation reported that several open flow tests on its target well in Northern California have determined conclusively that initial production will exceed 800 thousand cubic feet per day (MCFD). With gas prices at approximately U.S. $7 per cubic thousand feet, the initial production would garner gross revenues in excess of $5,600 per day or $2,044,000 per year.
So you can revise revenues up about 2 million placing them around 6.5 million imo. We now have 3 in production and 2 more real soon. 5 wells at avg 3 million per year is 15 million in revenue. I think we own 40%.
We also own 38% of tyche energy that recently completed their own well.
quote: Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announced that Tyche Energy Inc. ("Tyche") advises it has commenced production at its Charring Cross property located in Harwich Township, Kent County Ontario. The RPI#7, Harwich 1-1-18-IV WCR well was placed on stream at an initial production rate of 72 MCFD at 154 psi flowing wellhead pressure. Daily production rates will be increased over the next week to a targeted daily production rate of 200 MCF.
Tyche holds a 65.00% working interest ("WI") before payout ("BPO") and a 48.75% WI after payout ("APO") of pipeline and facilities construction costs. Natural gas wellhead prices have fallen from recent highs of over CDN$16.00/MCF in October 2005 to CDN$7.83/MCF in March 2006. The latest independent industry price forecasts project gas prices to average between CDN$11.65 (Sproule & Associates) and $12.67/MCF (GLJA) in 2006.
200 MCFD = 510K per year of which we get about 100K.
On another note an old pr revealed we entered into a finance agreement at 8.5% so the company would not have to dilute shares.
quote: TORONTO, Oct 18, 2005 (PRIMEZONE via COMTEX) --
Biogenerics Limited (Pink Sheets:BIGN): The company is pleased to announce that it has secured an agreement with an institutional investor Royal Petroleum. Royal Petroleum purchases and finances producing oil and gas wells. Biogenerics has financing in place for hydroslotting at 8.5% interest as needed and secured by our current production.
Biogenerics plans to primarily fund the hydroslotting expansion with its current cashflow. This is possible since the costs for slotting are returned in an average of 45 days from production. Having Royal Petroleum behind us eliminates the need for any financings which may cause dilution of equity.
Hopefully growth can come without major dilution.
On another note is growth potential. Progress in the oil industry is usually about 2 years out. So exploration and data collection is key. Tyche energy entered into a surveying agreement with a company that is 85 % successful at finding oil.
quote: The LOI pertains to Biogenerics projects in the states of Arizona, New Mexico, Louisiana, Texas, Arkansas, Oklahoma, Kansas, Colorado, Montana, Utah, California, and all existing and future Tyche projects in Canada for a period of between three (3) and ten (10) years.
Tyche will provide its geological and management expertise for all projects developed within the U.S. Tyche is a Canadian oil and gas exploration company whose senior management has an aggregate of over 75 years of exploration and management experience within the upstream North American oil and gas industry.
PG will provide Biogenerics and Tyche with exclusive use of its proprietary N2Vision technology to assist in exploring the hydrocarbon potential of oil and gas projects in Canada and the United States. The core of the N2Vision technology is a multilayer feed-forward neural network (MFFN) algorithm for pattern recognition. The algorithm is trained to directly recognize hydrocarbons by automatically establishing non-liner relationships between all attributes of the seismic field and data from existing wells. Since 1986, hundreds of exploration wells (mostly wildcats) drilled on locations evaluated with N2Vision technology, have established a predictive success ratio greater than 85%. N2Vision has been utilized for the exploration of key oil and gas fields owned by LUKOIL, YUKOS, SURGUTNEFTEGAS, and TATNEFT. Major customers of N2Vison include Tatneft (NYSE:TNT) and Surgutneftegas.
Originally the forecast for 5 wells was 2500 mmcfd or 2.5 million cfd.
quote: We expect each of our five wells to be tied into the same meter site and expect combined flow at 2,500,000 MCF
They have reached this with 2 wells. The first was stabilized in June or July at 1000 mcfd and the last one was 1450 mcfd
quote:Initial results of our recent drilling exceeded 1,000 mcf per day. This represents concrete evidence that the hydroslotter technology is tapping on, what was believed to be, barren and abandoned wells.
After its initial serge, production reports indicate that, after three weeks in operation, current flow rates for Ophelia 1 have stabilized at 1,450 mcfd.
so 2500 mcfd on two wells instead of five. About double expected.
So, even though the price of gas is down, their immediate production is up. Hope it can be sustained.
Also of note, gas prices are expected to rise modestly from now until 2010 when we will have reached peak production, 2007 forecast going from 6.62 to 9.00 was given by one analyst.
We will be able to raise production to keep costs low until 2010, but after that our available capacity will recede and prices could soar.
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quote:EIA’s Short-Term Natural Gas Outlook: According to the agency’s Short-Term Energy Outlook, released May 9, 2006, the Energy Information Administration (EIA) expects that total U.S. natural gas consumption in 2006 will fall by about 240 Bcf, or 1.1 percent below 2005 levels, owing largely to the reduced heating demand during the unusually warm early months of the year. However, the decrease in 2006 is expected to be offset by a 700 Bcf increase in 2007, when total natural gas consumption is expected to amount to about 22.5 Tcf. The largest year-on-year increase is projected to occur in the residential sector (325.4 Bcf), followed by the industrial sector (201.7 Bcf), and the electric power sector (139.8 Bcf). Domestic dry natural gas production is projected to increase by 0.8 and 1.6 percent in 2006 and 2007, respectively, while liquefied natural gas (LNG) imports also are expected to increase, growing to 740 Bcf in 2006 and 970 Bcf in 2007. The expected decline in consumption of natural gas during 2006 will lead to a 9.9-percent decrease in the average annual Henry Hub spot price, which averaged $9.00 per Mcf in 2005 and is expected to average $8.11 per Mcf in 2006 and $9.17 per Mcf in 2007. Concerns about potential future supply tightness and continuing pressure from high crude oil prices will likely lead to higher natural gas spot prices next winter, with the Henry Hub spot price projected to increase to just under $11.00 per Mcf. Natural gas inventories in underground storage are projected to reach about 3,444 Bcf by the beginning of the 2006-2007 heating season (November 1, 2006), which is 250 Bcf or 7.8 percent higher than the natural gas stocks at the onset of the 2005-2006 heating season.
Since the original well started production when the price was 10.00 and averages this year expected in the 8.11 range,
I think we can say average may be for 5 wells at 1000+ plus 1450 X 4 /5 = 1360 mmcf per well or a total of 6800 mmcf.
6800 X 8.11 = 55148.00 per day X .4 (our cut) =
22059.00 per day
661,776 per month
7,941,312 per year.
about 50% of that is profit
4 mill profit / 303 mill OS = eps .0132 X 20 PE =========
.26 per share.
On paper a true ten bagger on these five wells alone.
When is everyone going to buy buy buy until this pays for my summer vacation!!!!!!!!!!! Imagine where it will be after the 20th well and the 40th and the 1000th and I will probably sell the day before it takes off.
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posted
Remember to get the spin off divvy you have to buy by next friday. Some divvy's look kinda stupid but this is a spin off of an oil company. Might be worth having.
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Remember to get the spin off divvy you have to buy by next friday. Some divvy's look kinda stupid but this is a spin off of an oil company. Might be worth having.
The spin off company (Tyche Energy) currently own three revenue producing projects I know of.
Mosa #1 was drilled and tested in July with oil during drilling of 12-15 barrels/Day. No final results were ever pr'd. 15 BD would be worth 383K per year, I don't know their pct ownership. It sounded as if they would drill more wells in the area.
48% of one gas well at charring cross ,
some royalties on another group, plus they get 3-5 % of all successful wells completed for BIGN.
BIGN currently has property to be explored in several regions.
So the spin off will be a company with enough revenues to make it worth having. Certainly enough revenues to fund some other operations.
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1. They had 1 million in cash in Oct with more coming in.
2. A war chest of properties set for hydroslotting.
Oct 20, 2005 10:30:10 AM
TORONTO, Oct 20, 2005 (PRIMEZONE via COMTEX) --
Biogenerics Limited (Pink Sheets:BIGN) is pleased to announce that it is currently finalizing arrangements, and expects to soon commence trading BIGN in Europe via an exchange listing in the United Kingdom. Biogeneric's Paul Smith stated, "Over the past few months, the Company has developed a strong following among European investors, and we are instituting this dual listing to enable folks in the EU to invest in BIGN more efficiently and to hold positions in their home currencies. Having become accustomed to paying the equivalent of $5 to $6 dollars a gallon for gasoline, Europeans are especially attuned to the looming energy crisis facing the U.S., and see excellent value in burgeoning companies like ours that utilize cutting edge technology to economically extend dormant, shut-in U.S. energy resources."
In addition, Biogeneric's management reiterated the impact of this Tuesday's Press Release whereby Royal Petroleum has agreed to provide traditional debt-based financing for Biogeneric's upcoming schedule of oil and gas re-completion projects. Terms announced for the financing include an 8.5% credit facility to support wellhead completion expenses for hydroslotting, secured by current cash flow of the Company's existing portfolio of producing oil & gas properties. Biogeneric's Paul Smith stated, "This is tremendous news for the company and for our shareholders. The Company already has well over $1 million in reserve cash on its balance sheet to support our current hydroslotting schedule, which we knew was going to allow us to leverage our growth without raising additional equity financing and diluting our capital structure. The credit facility we have now put in place with Royal Petroleum is going to allow the Company to step to the plate with an even more aggressive re-completion schedule on a non-dilutive basis, and provides the catalyst for us to hyper-grow the Company's resource production and income streams. Over the past 6 months, we have been aggressively locating and securing additional dormant energy properties that fit the hydroslotter criteria for re-development. Now that the company has secured an almost inexhaustible 'war chest' to bring the remainder of our existing, as well as target properties into production, our growth will now only be limited by how quickly we are able secure new properties, move hydroslotter equipment to the sites, and commence re-completion operations."
Biogenerics estimates their breakeven on a $200,000 hydro-slotted re-completion to be in the 30 to 60 day range based on several projects like the recently announced Grimes, CA gas well that flowed 14,400 mcf (1 mcf = 1,000 cubic feet) in its first month. At recent gas prices of $10 per mcf, this well produces approximately $140,000 in cash flow per month, of which 40% or nearly $60,000 per month (after payback of hydro-slotting cash outlay) is realized by Biogenerics after royalty payments and expenses.
Prior to the Royal Petroleum announcement, the company's strategy suggested re-completing, and bringing on line 10 new wells per month in 2006. In 2007 the Company expects to double that rate to hydroslotting 20 wells per month.
Based on $10 per mcf gas, and upon each of the forecasted 120 wells completed in 2006 averaging a production rate of 500 mcf/day, in conjunction with alternate wells coming on stream in 2005, the Company is forecasting a daily cash flow run rate of US $240,000 at year-end 2006. This would put the company on an annualized run rate of $87.6 million.
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As of March 21 this jv was still good to go.
quote: Tyche Energy Inc. Commences Production at Charring Cross Property TORONTO, March 21, 2006 (PRIMEZONE) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announced that Tyche Energy Inc. ("Tyche") advises it has commenced production at its Charring Cross property located in Harwich Township, Kent County Ontario. The RPI#7, Harwich 1-1-18-IV WCR well was placed on stream at an initial production rate of 72 MCFD at 154 psi flowing wellhead pressure. Daily production rates will be increased over the next week to a targeted daily production rate of 200 MCF.
Tyche holds a 65.00% working interest ("WI") before payout ("BPO") and a 48.75% WI after payout ("APO") of pipeline and facilities construction costs. Natural gas wellhead prices have fallen from recent highs of over CDN$16.00/MCF in October 2005 to CDN$7.83/MCF in March 2006. The latest independent industry price forecasts project gas prices to average between CDN$11.65 (Sproule & Associates) and $12.67/MCF (GLJA) in 2006.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
posted
WW Energy Announces Oil and Gas Drilling Plans for 2006 FARMINGTON, N.M., Feb. 15, 2006 (PRIMEZONE) -- WW Energy Inc. (Pink Sheets:WWNG) subsidiary, WW Oil & Gas Inc., today announced that comprehensive drill programs are being developed for full exploitation of its oil and gas properties located in the San Juan Basin. The San Juan Basin is the third largest gas producing area in the United States. It is estimated there are approximately 43,000 producing wells in the area with an additional 5,000 new wells per year coming on stream over the next 10 years.
President Olin Glover commented as follows on the company's plans:
"Since going public, we are on track with our business plan. In 2006, we're aiming at major milestones for both subsidiaries. On the oil and gas side we expect to initiate a number of drilling programs this year. Our current acreage identifies undeveloped proven reserves and we intend on putting our ten years of drilling and completion experience in this area of the San Juan Basin to good use."
WW Oil & Gas Inc. intends to continue the acquisition of oil and gas properties and plans aggressive exploitation of its current acreage.
The first lease (The "Right Angle" Project), in the San Juan Basin in Northwest New Mexico, has a primary objective of entering the Jurassic Entrada Sandstone. In the late 1970s, the first oil discovery in the Jurassic Entrada sand dune led to over 2000 miles of seismic data encompassing over 200+ sand dunes in the Entrada. According to Vincelette and Chittum in their AAPG paper entitled "Exploration for Oil Accumulations in the Entrada Sandstone, San Juan Basin, New Mexico," the first well encountered 24 feet of oil that saturated the Entrada Sandstone, even though it was not located on the top of the dune. The nearest Entrada oil production is 5 miles south in Media field, which has produced more than 1.1 million barrels of oil from an accumulation that covers 160 acres of sand dune. The Gallup Sandstone is also known as an oil bearing zone.
The second and third exploitation projects (The "Johnson Anticline" Projects) in the San Juan Basin in Northwest New Mexico will test each of the following zones: the Menefee Member of the Mesaverde, the Gallup Sandstone, the fractured Mancos Shale, the Dakota Sandstone, and the Entrada Sandstone at 6,000 feet. In the late 1970s, oil was discovered in the Entrada Sandstone, the Menefee Member of the Mesaverde, the Gallup Sandstone, the Mancos Shale, and the Dakota Sandstone. In the early 1980s, fractures in the Gallup were discovered when a nearby well was drilled, and it was tested at a flow rate of 320 barrels of oil an hour.
The San Juan Basin is in Colorado and New Mexico and is also referred to as part of the Four Corners Area, which includes the San Juan Basin, the Paradox Basin, and the Black Mesa Basin. San Juan Basin oil and gas wells generate $325 million annually in federal royalties, half of which goes to New Mexico. New Mexico's petroleum industry is the largest civilian employer in the state, with over 23,000 jobs directly related to oil and gas production, refining, processing, marketing, transportation, and field services. New Mexico ranks 4th in oil reserves and 2nd in gas reserves in the United States (reserves are the amount of oil and gas in the ground waiting to be produced). New Mexico ranks 6th in oil production and 2nd in gas production in the United States.
ConocoPhillips, Shell Oil, XTO Energy, and British Petroleum are among those companies active in the San Juan Basin.
Farmington, New Mexico, where the headquarters of WW Energy is located, is the service center for the San Juan Basin area of northwest New Mexico, southwest Colorado, southeast Utah, and northeast Arizona.
About WW Energy, Inc.
WW Energy Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas related assets through two wholly owned subsidiaries.
WW Oil & Gas Inc., established in 2005, is in the business of acquiring leases and oil- and gas-related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has rights to three oil and gas exploitation projects in the San Juan Basin area of New Mexico. Comprehensive drill programs are being developed for full exploitation of these projects.
WW Trucking Inc., formed in 1999, is a leading oil and gas services company for the oil field services industry in Utah, Colorado, New Mexico and Arizona (The Four Corners Area). The existing business operations are in transporting fresh production water for oil drilling/exploration and waste water for disposal. They also provide services for heavy hauling of drilling and well equipment needed in the oil and gas production and exploration industry.
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results of WW Energy Inc. may achieve could differ materially from any forward-looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.
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They are almost through their first project. WWNG was up on expectations.
90% of the wells are successful.
quote:FARMINGTON, N.M., March 30, 2006 (PRIMEZONE) -- WW Energy, Inc. (Pink Sheets:WWNG) and its subsidiary company, WW Oil & Gas, Inc., today announced a drilling update on the Company's "Right Angle" oil and gas exploitation project in the San Juan Basin.
Director Hamlin K. Elrod commented as follows:
"Everything is going well. We are now past 4,100 feet, through the Gallup Formation, and on our way to the Dakota Formation. We estimate we'll get there sometime this weekend."
The Company's Right Angle oil and gas exploitation project is located in the highly prolific San Juan Basin of northwest New Mexico, with a primary objective of the Jurassic Entrada Sandstone Formation.
In the San Juan Basin, over 90% of the cretaceous development wells are successful. Several of the nearby Entrada fields have produced over a million barrels of oil. Testing in those Entrada fields indicate the capacity to produce as much as 20,000 BPD.
About WW Energy, Inc.:
WW Energy, Inc. is a holding company that was created to acquire oil and gas service companies as well as oil and gas related assets through two wholly owned subsidiaries.
WW Oil & Gas, Inc., established in 2005, is in the business of acquiring leases and oil and gas related assets. Such acquisitions are for the purposes of development, exploration, and exploitation. The company currently has two exploitation projects encompassing four oil and gas leases in the San Juan Basin area of New Mexico. Comprehensive drilling programs are being developed for full exploitation of these projects. ConocoPhillips, XTO Energy, and British Petroleum are among those companies active in the San Juan Basin.
posted
I would think they are through drilling since that pr is 6 weeks old. Probably waiting for results.
I was also noticing the wording of another pr about Utah. "or capeable of some production",
would these be set for hydroslotting.
quote: Olin Glover, CEO of WW Energy Inc. commented, "Utah has approximately 7,630 oil and gas wells that are currently in production or capable of some production in the Uinta Basin, which we are targeting. We hope to be able to make an announcement regarding an acquisition in Utah soon."
posted
I'm bullish on the fact that this company has the spare cash, financing and potential to do exploration because of the money hydroslotting gives them. So many exploration companies dont really have the capabilities or cash to to finance them. Look at aipn. I made money on them way back when they were in russian boonies. They had nothing nada ziltch compared to this company.
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The cash should only get better with the two new wells coming online. Last I heard they had well over 1 million and that was months ago with their well still producing. Wouldn't surprise me that has doubled.
A million in cash would let them rework 5 new wells. If they do as well this just keeps growing.
How many otc or pinks have a couple million in cash?
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Im not a research guy but I love oil theres always a market and its a dwindling commodity. Not much downside on this stock as long as they get their trickles from every oil well they touch. I remember reading somewhere that its not too expensive to hydroslot a well. That 2 million should go a long way.
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If each produces a million a year it is a good deal. Great return on investment.
Since they sort of wait for production from one to finance the next 2 or 3 this will ramp up with each new well. Going from 1 every 2 months to 1 a month to one a week.
That is my hope. By the time they have 30 wells they will be so cash positive they can really make an impact.
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This is the kind of stock you make your bones in. Be careful if you pump and dump you might get left out in the cold in these low levels. I couldnt get one of my big blocks in on an aon and they just bypassed me.
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