posted
Posted by: spiras In reply to: popcorn202 who wrote msg# 18542 Date:10/18/2006 2:50:12 PM Post #of 18558
FWIW - just got an e-mail from the company:
"XXXXX,
Now thats better , no threats etc. I want you to promise me that if the company concludes these dealings you will email me and say something nice. Yes the company sees the PPS and yes it will react. We are not sitting on our ....here.
XXXXXXXX*XXXXX.net.il wrote: Below is the result of your feedback form. It was submitted
NAME: XXXXXX XXXXXXX
SUBJECT: Share Price
MESSAGE: Dale,
Are you aware of the current BIGN share price?
All I can tell you is that it will take the company a fortune to get the share price back up if this goes down any further.
It's time for updating shareholders. We are long overdue. This is both unfair and unwise.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Biogenerics Limited is a diversified investment venture capital firm and our shares are quoted on (NQB:BIGN); our principal business is focused on exploiting and distributing domestic oil and gas reserves. The domestic fuel market is presently estimated to exceed $10 billion.
Sparked by the Company’s recent strategic milestones with Tyche Energy and its Charing Cross gas reserves with Hydro Slotter Corp. and its enhanced oil recovery techniques, along with a number of other opportunities that possess the potential to generate immediate revenue in this arena, our goal is to maximize investment value in the short term and enhance shareholders’ equity in the long-term.
“Increasing the production of existing oil and gas wells represents an enormous opportunity,” stated Gary Kelley, President and CEO of Biogenerics. “By applying HSC’s technology to suitable existing wells, Biogenerics will improve its bottom line, while eliminating the risks of exploration and the costs of installing new well infrastructures. Hydrojet Slotting is a quantum leap forward in the protection of homeland energy security and safety in the 21st century.”
Additionally, increasing market awareness of significant activity in oil and gas coupled with government’s clear commitment to utilize domestic as the only viable alternative energy source, clearly position Biogenerics as an undervalued investment opportunity among a peer group with growing P/E ratios.
The fundamental element underlying all of our pursuits is a forward-looking idea that has a passion to drive business forward. In line with the Company’s sole focus in domestic fuel, the Board of Directors will hold a Special Meeting to consider: changing the name of the company to clearly reflect its positioning in the oil and gas industry. The results of this meeting, of course, will require shareholder approval.
Registrar and Transfer Agent: Capital Transfer Agency http://www.capitaltransferagency.com/ 390 Bay Street Suite 2020 Toronto, ON M5H 2Y2 Tel: 416-350-5007 Fax: 416-350-5008
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: lowtrade Date:10/3/2006 1:07:16 PM Post #of 3995
BIGN
Where do I start?
I guess first with a good work! Your seeing a very sneaky hold by someone. Next I'll say to play now; you have to know the company PR story & future execution posibilities. I say that because by looking at the chart & TA only, I'd say the stock has hit a bottom and the next move should be a supported rally.
As you say starting back the 25th, the DMI & CMF started looking strange, as you pointed out by watching the tic by tic. DMI-, +, and ADX all head down together, while CMF buying pressure shows strong buying. The thing there is the volume is very weak.
All this tells me traders have gone away, but someone is accumulating in dribbles. The 100 share trades, which you can't see in the charts is saying M&Ms are involved in keeping the volume low, by not allowing the PPs to lower and more dumping from the longs will not happen.
At the same time the 5,10,20 MA lines are tight, at the stall price, saying run very soon. Today the ADX reached 12 saying a big move coming.
Put all this together. Someone is holding the price, DMI calling for strong move, CMF showing accumulation at stall bottom and 5,10,20 MA confirming a move soon.
Looks to me like a trickle adding of shares in low volume and when who ever is accumulation at bottom is being sneaky ( I'd say M&Ms, but volume to low for them to play. On the other hand only M&Ms could pull the price up with 100 share buys high) So logic says we have an insider working with an M&M, and soon something big will be PR'd by the company and a strong breakout up, will be the sneaky play you found, by watching the tic by tic.
I'd do what the big guys are doing and start to add some on at this level. I wouldn't go whole hog because this is guessing, but if you know the company and know why the PPs has been falling constantly and of a possible hoped for execution event, that would be the cherry on the theory.
I thing there is a suprise in the trading you brought and the suprise will occur when the sneaky accumulators have enough shares. Looks like a back room deal at the stocks lowest volume & price level and the guys in the room are working the play to come. The herd is easy to control when it's small! You can move it any direction you want and as it moves more will join the run. Volume and price will be EMOTION driven and all the shares in the back room will come out.
The concern and reason I said don't buy whole hog, is the ADX at 12 indicates a strong move, the 5,10,20 MA tight indicates it will be soon, but unless my guess of the back room dealings is correct, the stock could move strong down, not up! Because the charts & TA are not calling for a move up, only my eval of the cheating big guys does.
High risk, high return, play coming, on suprise PR. IMO
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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I've done a "complete" listing off all the assets of BIGN by exhaustively picking apart the entire collection of PRs listed on BIGNs web sight. I did this because I just got tired of the misinformation that seems to get perpetuated on the board. So, I just sat down and worked up a list for everybody to scrutinize. Hope it helps everybody. It sure gives me a better picture of the current company I've bought so much stock of.
Preleminary notes:
Due to incomplete data, it is unclear what ownership position BIGN currently holds in properties owned by Tyche. The reasons for this are that it appears that BIGN has been selling off (or deeding) its Tyche ownership, but there is no way to ascertain from the press releases the exact "who what or when" of this selling/deeding. Here is my working list delineating the changes in Tyche ownership: PR release 11/01/04 - BIGN buys 50% of "certain assets" of the company that eventually changed its name to Tyche followed by the PR release 12/13/05 - BIGN spins off 10% of the 37.5% ownership it held in Tyche Energy, Inc. Evidently, sometime between 11/01/04 and 12/13/15, BIGN disposed of but did not disclose the "sale/transfer/deeding over" of 12.5% of Tyche because it stated that it owned 50% on 11/01/04 and also stated that it owned 37.5% on 12/13/05. To bring their current position down to the 27.5% figure I use below in conjunction with my references to Tyche, bear in mind that they spun off 10% as stock to BIGN shareholders. And, I could be wrong in my conclusions. It might not be 27.5%.
Regarding Hydroslotter, after this full review of all the documents on BIGN's web page, I do not think that the information that was posted on the web that the Hydroslotter relationship will run out after the four wells at Grimes have been done is accurate. Please refer to the article with the following release date: 2005.01.14. Further, the most logical reading of the poorly worded PR dated 2006.08.09 seems to indicate that the relationship with Hydro- slotter is not limited to the current wells being done at Grimes.
Also, please note that I skipped all the references to the acqui- sition of the East Tesas LOIs due to the circumstances we currently suffer under: ie... that the deal is simply a work in progress at this time. In fact, this hilights a particular slant I have taken here: I treat, to the greatest extent possible, only known deals and events as truly existing. A reading of the known deals and events is lengthy, so it is not any kind of a drawback, IMHO, to have omitted the East Texas LOI deals at this time. If and when it materializes, it can be added with accuracy.
Finally, please bear in mind that this was really hard to put together because the PRs BIGN has issued are just a mixed up mess. All kinds of things change from one PR to the next and no expla- nation is given. So, I encourage anybody and everybody to edit this list and correct any mistakes I've made. I am 100% sure of only one thing, now that I've done this exercise, and that is that there is a great need for a THOROUGH business report from BIGN. So, please don't bust my chops if I got some of the details wrong.
(1)27.5% of a 10% GORR (gross over- 2004.10.20 - "Acquisition of riding royalty interest) on oil and gas interest" &petroleum and natural gas 2004.11.01 - "Oil and gasproduced from a 1,600 acre acquisition completed" pooled spacing unit on Lake Erie. STATUS: Producing 400 BOPD
(2)27.5% of a second producing well 2004.10.20 - "Acquisition ofthat was mentioned but never oil and gas interest" & described. 2004.11.01 - "Oil and gas STATUS: Producing but daily acquisition completed" amount unknown
(3)27.5% of 65.00% non-operated WI 2004.10.20 - "Acquisition of before payout and 27.5% of oil and gas interest" &48.75% WI after payout in the 2004.12.10 - "Biogenerics LtdHarwich 1-1-18-IV WCR gas well details acquisition of oil located in Harwich Township, and gas assets..." & Kent County, Ontario. 2005.02.15 - "Reports on STATUS: Producing 465 MCFD (??) completion of well site preparation" & 2005.11.14 - "Biogenerics Announces Charring Cross Natural Gas Project Update" & 2006.03.21 - "Tyche Energy Inc. Commences Production at Charring Cross Property"
(4)27.5% of 3 additional shut-in 2004.10.20 - "Acquisition ofoil and gas wells, mentioned oil and gas interest" & but never described. 2004.11.01 - "Oil and gas STATUS:SHUT-IN acquisition completed"
(5)27.5% of a 50% WI in over 2004.10.20 - "Acquisition of15,000 acres of producing and oil and gas interest" &nonproducing crown exploration 2004.11.01 - "Oil and gas licenses on Lake Erie. acquisition completed" STATUS:Not producing
(6)27.5% ownership of over 2,000 2004.10.20 - "Acquisition ofkilometers of seismic data and oil and gas interest" &extensive aeromagnetic and 2004.11.01 - "Oil and gasgravity survey data covering acquisition completed"oil and gas exploration fairways in Lambton, Kent and Essex Counties, Ontario STATUS: N/A
(7)Formed a joint venture with 2005.01.14 - "Biogenericsprivately-held, Toronto-based forms joint venture"Hydro Slotter Corporation wherein Biogenerics receives 50% of the profits derived from utilizing the company's hydroslotting technology. STATUS: N/A
(8)18.33% ownership in unspecified 2005.02.15 - "Reports on WI in the the Mosa 6-13-III gas completion of well sitewell located in the Silurian preparation" & Grimsby sand stone formation in 2005.03.29 - "JV partner southwestern Ontario. Tyche Energy formsNOTE: Completion was pending agreement withfor this well & it was announced Torque Energy Inc." &that it was to be hydroslotted, 2005.04.08 - "JV Partner but there was no final report. Tyche Energy completes Also, 1/3 of the 27.5% was given second agreement" & to Torque Energy to for explor- 2005.07.19 - "Biogenerics ation & development, so the WI JV Partner Tyche Energyis reduced to 18.33% Reports on Completion STATUS: Unknown Operations at Well No. 1 in Mosa Township and Commencement of Hydro Slotting Process"
(9)Unspecified "wholly-owned subsid- 2005.02.15 - "Reports oniaries", info on which was completion of well sitepromised but never released. preparation" STATUS: Unknown
(10)27.5% ownership in over 4000 2005.03.04 - "Commencement acres of petroleum and natural of drilling operations"gas leases within the fairway on the expanding Silurian Grimsby sandstone gas play in south-western Ontario. STATUS: Unknown
(11)80% WI until cost recovered, 2005.07.26 - "Biogenerics then 40% WI thereafter Strategic Partner Hydro-(Grimes #1??) Slotter Corporation STATUS: 14,400 MCFD Completes California Well to Meter Site" & 2005.10.11 - "Biogenerics Announces Update on Hydroslotter"
(12)Agreements on four additional 2005.08.23 - "Biogenerics gas wells in California Signs Agreement to Tap NOTE: Reports that this is Four Additional Gas Wellsevidence that the relationship in California" & between Hydroslotter & BIGN 2005.01.14 - "Biogenericsexpires after Grimes are not forms joint venture"true. A careful reading of this agreement reveals that BIGN has agreed to employ Hydroslotter technology; this is not an agreement signed between Hydroslotter & BIGN. STATUS: Grimes #2 completedGrimes #3 & #4 in progressGrimes #5 uncertain
(13)27.5% of 1.95% GORI (gross 2005.09.19 - "Biogenerics overriding royalty interest) Completes Acquisition ofin the Talisman Romney Rubicon Petroleum" &8-194-TRS horizontal oil well, 2004.11.01 - "Oil and gasthe longest horizontal well acquisition completed"drilled in North America to date. STATUS: 400 BOPD
(14)27.5% interest in over 5,996 2005.09.19 - "Biogenericsgross acres of non-producing Completes Acquisition ofinterests/exploration licenses Rubicon Petroleum" &on Lake Erie, thru the purchase 2004.11.01 - "Oil and gasof the petroleum and natural acquisition completed" &gas assets of Rubicon Petroleum. 2005.12.01 - "Biogenerics'Tyche now holds a 50 percent WI JV Partner Tyche Energyin 2,560 acres of exploration Adds State-of-the-Artlicenses immediately offsetting 'N2Vision' Seismic Data the Romney 8-194-TRS well, and Technology to Lake BIGN owns 27.5% of this 50%. Erie, Ontario Oil Field STATUS: Undeveloped Project"
(15)Biogenerics has financing 2005.10.18 - "Biogenerics agreement with an institutional Announces Financing Plan investor (Royal Petroleum) in for the Hydroslotterplace for hydroslotting at 8.5% Roll Out" & interest as needed and secured 2005.10.20 - "Biogenericsby current production. Limited Prepares for DualNOTE: This agreement was SECURED Listing in UK & Reiteratesby existing production!!! Impact of Recently Announ- STATUS: Unclear ced Royal Petroleum Finan- cing Commitment"
(16)Memorandum of Agreement with 2005.12.01 - "Biogenerics'Productive Geoscience pursuant JV Partner Tyche Energyto which they will apply the Adds State-of-the-Artthey will apply its proprietary 'N2Vision' Seismic DataN2Vision seismic interpretation and Technology to Laketechnology to evaluate the Erie, Ontario Oil Fieldpetroleum and natural gas Project"potential of selected offshore Lake Erie lands in which Tyche owns an interest. STATUS: In Process??
(17)27.5% in an unspcified ORI 2005.12.01 - "Biogenerics'(overriding royalty interest) JV Partner Tyche Energy that Tyche owns in 1,260 acres Adds State-of-the-Artof producing offshore Lake Erie 'N2Vision' Seismic Datalands located in Romney Technology to LakeTownship, Kent County, Ontario. Ontario Oil Field STATUS: Unknown Project"
(18)27.5% interest in the 19,000 2005.12.01 - "Biogenerics'plus acres of exploration lands JV Partner Tyche Energyin Ontario and Northeast, BC. Adds State-of-the-Artto which Tyche currently holds 'N2Vision' Seismic Datavarying working interests. Technology to Lake STATUS: Undeveloped Ontario Oil Field Project"
(19)BIGN announces it owns 37.5% 2005.12.13 - "Biogenericsof Tyche & that it will spin Provides Business Summaryoff 10% to current share- of Tyche Energy Spin-Off"holders, leaving 27.5% owner-ship position in Tyche. STATUS: Completed
(20)Biogenerics Limited signs a 2006.02.27 - "BiogenericsLOI with Productive Geoscience Limited: Independent Con-and Tyche Energy whereby PG tractor Retained to Pro-and Tyche will provide vide Geological, Geophy-geological, geophysical and sical and Managementmanagement expertise to Expertise"explore and develop petroleum and natural gas projects in Canada and the United States for between 3 and 10 years. STATUS: In Effect
(21)Ophelia 1 comes online, Grimes 2006.05.18 "Biogenerics property, California; BIGN Limited Announces 2nd ownership interest unspecified. Grimes Well is Online" STATUS: 1,450 MCFD
(22)BIGN investst in N-C02 gas 2006-07-20 - "Biogenericsinjection production stimula- Limited Comes to Agree-tion technology agreement; ment with N-C02 Technologydetails of agreement Company"unspecified. STATUS: In Effect
(23)BIGN is listed on the Frankfurt 2006.08.02 - "BiogenericsExchange in Frankfurt, Germany. Limited Listed on The symbol assigned to the Frankfurt Stock Exchange"Company is as follows:D9G ISIN: US09063F1012 WKN: A0HG80. STATUS: Done
(24)Hydroslotter Corp. reports that 2006.08.09 - "Biogenerics the drilling and rigging equip- Provides Update on Hydro-ment is currently working on slotting Progress in wells No. 3 and No. 4 and that Grimes California Site"the Hydroslotting process to complete well No. 3 is in progress. Upon completion of well No. 3, the crew will proceed immediately to well No. 4 and initial results from the wells are expected in approximately 2 weeks. Regarding additional wells to be slotted, Biogenerics will evaluate its position to continue on with other wells located nearby.STATUS: Still waiting
(25)BIGN and WW Oil & Gas Inc sign 2006.09,19 - "BiogenericsLOI to share a 50% interest in Partner WW Oil & Gas In properties located in Ward Process of Acquiring OilCounty & in Borden County and Gas Assets From East Texas. WW Oil & Gas Inc. has Texas Oil Properties"committed to commence work on afirst well for re-completion in early September. The Ward County property includes multiple wells for recompletion. STATUS: Pending
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: patiencepays0 Date:10/13/2006 12:39:23 AM Post #of 18146
Hey guys, I recieved an email from Bign today stating that the East deal is still on, and that they are working on many deals.
This is a tough tough time for O/G stocks on a whole, then add in that the big boards are peaking at all time highs. Not fun, but what is one to do.
All I know is that I would like to believe that we are on the verge of some great results over the next several weeks.
Patiencepays0
Posted by: Pennimon Date:10/15/2006 1:25:30 PM Post #of 839
Newsflash: BIGN poised to become Royal Petroleum! - for safeties sake let me say this is just my humble opinion. BIGN aquisition pr meets Royals asset base perfectly, plus royal has been announcing BIGN purchases as theirs....so logical we now become Royal Petroleum.....trades at 2.80
again just my humble opinion.
TYLER, Texas, Oct. 3, 2006 (PRIMEZONE) -- Biogenerics Limited (Pink Sheets:BIGN) announced that its subsidiary WW Oil & Gas Inc. has completed the purchase of 32 oil wells located in Oklahoma. WW Oil & Gas Inc. acquires 2 oil-producing wells and an additional 30 wells for re-completion. The assets were purchased with cash and shares.
CALGARY, Alberta, Oct. 11, 2006 (PRIMEZONE) -- Royal Petroleum Corp. (Other OTC:RYLP.PK - News) announced that the company has completed a transaction acquiring 32 oil wells in Oklahoma. Royal Petroleum in the purchase takes possession of two wells that are currently producing and on line. The company intends to re-work the additional 30 wells, bringing them into completion on a two-wells-per-month production schedule
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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We are at Options Expiration (oe) and that is when commercials and hedge funds may want to change direction of the crude oil futures market.
Geopolitics is still a major risk in the Middle East. It could drive oil back to $70 in any given "bad news" week.
BIGN has had trouble closing the deal with Royal. But the fall in pps per share seems to be more related to the doubling of the A/S = "halfing" of the pps. IF BIGN would just announce the East Texas deal with Royal as being closed and publish that the 400MM BIGN shares going to Royal are restricted for 1 or 2 years, then everyone would be much more positive. Add in a crude bottom and NG seasonal rally and we should be over .05 pps.
I'm not saying I would not lighten up my position in BIGN at some point down the road, but there is a bright future for now, IMHO. Sentiment is low and bashers are effective in this setting. If my boat were not loaded already, I know what I would be doing this week. Buying...oh, how counter intuitive
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: eatmenasdaq Date:10/16/2006 2:56:27 PM Post #of 18369
Here is an idea nobody has thought of yet. How about a divvy of Royal Pete. They did it with tyche to get the shareholder base, why not Royal Pete. I bet we see one very soon. Any takers. You would have own bign to get the divvy, thats what happen with Tyche. HMMMMMMMMMMMM. Some how that would screw the shorters right?
A little info on Royal Petroleum...
Dave Haggarty (President)
Royal Petroleum Corp. Bankers Hall West Suite 1000 888 - 3rd St. West Calgary, AB T2P 5C5 Telephone: 1-403-444-6896 Fax: 1-403-668-6001
Transfer Agent: Capital Transfer Agency
390 Bay Street Suite 2020 Toronto, ON M5H 2Y2 Tel: 416-350-5007 Fax: 416-350-5008
Authorized Capital: 50,000,000 common shares
State of Incorporation: Nevada
Issued and Outstanding: 5,300,000
CUSIP Number: 78065B 10 3
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: Billiam_2 Date:10/20/2006 7:24:42 PM Post #of 18709
I e-mailed Mr.Rick DeRosa and questioned him regarding Royal Petroleum and their claim to the E.Texas LOI. He answered me and was quite sincere and informative. He said That Royal Petroleum was a privately held company and they were helping alot of companies with aquistions. He basically inferred that the E.Texas LOI was a done deal and a joint partnership. He said that Mr.Lancaster et.al were working hard to achieve all of their stated goals, however, trying to work out the details to please everyone was problematic because of all of the different companies involved. This led me to think there is more going on here than just the E.Texas LOI regarding BIGN. If I get his permission I will post the letter in its entirty. Billiam
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Thanks JUICE for the update. Loaded back up this wk at .0140. Been trying to add shares at .01 but can't get a fill. A major run for sure ?? when. May be a little more down side or today may have been the double dip bottom. GLTA
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 10.17.2006 (3) days ago, when the stock price was 0.0150. Since then BIGN has fallen -13.33% .
BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is the previous close ( 0.0125 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.
We hope that you acted quickly and already bought this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.
Data provided by: End of Day Data
Candlestick Analysis Today’s Candlestick Patterns: White Spinning Top
Today a White Spinning Top was formed. This represents complete indecision between the bulls and the bears. For more about this candlestick click here.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I did a cut and paste from Tyler, Texas Yellow Pages. BIGN ls listed in the Phone Book and Here is the areal view of their location in the city.... Some more info 4 what thats worth!
quote:Originally posted by Hitman: Ready for this stock to move up Now.
you're not alone Hitman.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: largecent Date:10/24/2006 5:04:44 PM Post #of 18877
Did they ever release a dollar figure
to how much each well would cost to slot?
Posted by: Billiam_2 In reply to: largecent who wrote msg# 18868 Date: 10/24/2006 6:12:26 PM Post #
Largecent, 150K was the number reported by the company. That is what makes Grimes so appealing. A new well could cost 1-1.5M and be a dry hold. Exactly what happened to WWNG in New Mexico. Although in their case they did strike oil but the hole keep colasping in on them and they plugged it. Would have been nice if WWNG had PR'd it. Discovered through DD on this board. Most everyone here bought for Grimes and now we sit in a quagmire of LOI waiting games. End result FRUSTRATION, IN-FIGHTING,SELLING AND A PRICE PER SHARE TO MATCH. I first bought this stock at .98/s before we had any wells. Even after the 10:1 split we should be at .098. Add to that 3 producing wells, probably 5 (grimes 3&4) and we should be at .25/s. Fear, mistrust, and a total lack of communication have reduced us to where we are today. Billiam
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
This looks very ready right now. .01 be a great entry price, imo.
Will be bouncing soon. Might struggle with the .016 but won't really bump its head until .018.
Hate that it is a pink. Last financials says 281M O/S, as of 12/31/05, lot could have happened to that O/S in 10 months.
Signaled with volume on 10/18, should be going soon if there isn't any dilution.
Good luck, I rarely play pinks.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
The sector is in a kiss me good by mode. Bounce a little when we get to low or news. Till some world event curbs production it's poor pickings for a while IMO.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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posted
Bashed the sector to soon. Inventories down for the month. Prob most holding out for cheaper prices. Record inventories back next month IMO. Should see a little bounce till then. Long on BIGN .GLTA
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Closing at .02 sure made my account look good today LOL. Needs some news/update to get the volume.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Helped mine also. If the sector ever heats back up we'll see some real green.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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Posted by: shermann7 In reply to: USC-Trader who wrote msg# 19365 Date:11/3/2006 8:19:14 AM Post #of 19388
Here is some of my DD:
There are currently two wells operating in Grimes with two more scheduled to come online soon. The first well was a test well that was only slotted 10 feet, and produced 400+ MCFD. The second well was slotted 150 feet, and produced 1450 MCFD. Since the second well was completed, the flow rate has actually increased to over 1600 MCFD. The projections for the next two wells are in the ball park of 1450 MCFD. Hydroslotting is a lot cheaper than drilling. There are 180 wells that BIGN has targeted in Grimes. BIGN has full geologics on these formerly producing wells. They were capped after approx 30% was used. The Hydroslotting technology costs around 150,000 per well vs. 750,000 to 1,000,000 dollars for drilling, and there will be no dry wells or low producers. BIGN pays 100,000 dollars for one connection to the gas lines which will combine 5 wells or cost 20,000 per well. Everything indicates that BIGN is frugal in terms of how their money is spent. I would anticipate that after these two wells are done, future wells will be done in larger groups. Maybe 5 wells at a time using one connection to the gas lines.
BIGN has (3) different well rework technologies. The demand for these will be huge. In addition, it will allow them to pick up other small companies without this technology for less than they are worth to BIGN. The three technologies are Hydroslotting, N2Vision, and N-CO2. It is amazing that this small company has three different technologies in itself!!!
There are currently (2) different Letters of intent to purchase other companies/Assets. There were (3) but the Quitman LOI was dismissed as BIGN felt it was not worth it. The first one is the Big one, and will increase the value of BIGN a lot. It includes Drilling equipment which is important, and diversifies BIGN into Oil as well as Natural Gas. My estimates put the Book Value of BIGN over .10 a share with this purchase alone. The PR for this should be out by the end of the week. A link to the PR: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B046F3338%2D6182%2D4148% 2D8790%2DC9FC1568DE4....
More on the E. Texas LOI - It is nice to note that the A/S has been increased from 400 Million to 800 Million shares. The E. Texas LOI is much bigger than BIGN, and I am sure restricted shares are part of the puchase. It is also good to note that the owner of the E. Texas company will be placed on the Board of Directors of BIGN. There are 70 employees of this company and lots of equipment. BIGN needs the equipment and experience, and the E. Texas company needs the rework expertise of BIGN. In addition, we own 40% of WWNG (oil and gas division) as a joint venture. This company has been very active, and this will provide income without having to do the work!!! WWNG website for info: http://www.wwenergyinc.com/
There have been some delays.
The first major delay was in the beginning of the year when the torrential rains came in Grimes, and the county was declared a national disaster area. Obviously, this meant no drilling for a while. It also meant a rise in the water tables, and some extra water in the wells. This problem has been addressed, and there has been little rain since then.
The second major delay was CEO Lancansters Health Problems in July and August. He returned to BIGN August 15th, and has been busy concluding the first LOI.
There was a third major delay with the drilling of the next two wells. Apparently, the rig from Schlumberger broke down. They now have an operational rig on site.
The Tyche Dividend (1 share of Tyche for each 30 shares of BIGN) was concluded in June. This gives Tyche enough shareholders to go public, and they will be trading under the symbol TYEG. There is much speculation that Tyche will be brought public as an OTC-BB fully reporting company and BIGN will be merged with it. That means we will no longer be a Pinkie.
James Lancaster was appointed CEO in the spring, and has stated that the E. Texas LOI is the top priority. The Rumor is that some of his compensation is tied to the completion of the E. Texas LOI. I have found him to be honest and forthcoming. We just have to remember that it takes time to acquire a much larger company. Some people think he has been with BIGN since 2002, but that is not true.
Just some thoughts here. I feel that BIGN is about to be hitting on all cylinders, and we will see a string of signifigant announcements over the next 45 days. My honest opinion is that we will be worth .10 to .25 Book Value by the end of the year!!!
Good Luck to All.
Shermann
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Thanks JUICE for the update. Time to add shares. One of the few safe plays on this board IMO.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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This came in before noon but I just saw it. I asked about the OK wells several days prior to the last PR release from WWNG, the reply is below. I believe the '2' that is mentioned are the 2 wells that are already in production. I didn't ask about the LOIs but they mentioned them.
----
The LOI's are still on and management is working on news to update on all current business. I thought it would have been ready earlier. I would hope to see it out soon . James is going over details with BOD. Oklahoma details will be in there . You know from the last press they had 2 already and were preceding with the next 2. We will clarify our part with WW Oil and Gas rig purchase too.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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TYLER, Texas, Nov 17, 2006 (PrimeZone Media Network via COMTEX) -- The Board of Directors of Biogenerics Limited (Pink Sheets:BIGN) is pleased to issue this current update on the progress of the Company's business. Name Change of Company -- The Company anticipates changing its operational name in order to identify the Company more readily with the oil/gas industry. The Board projects this name change to occur during the first quarter of 2007. The potential new names for the Company are being considered at this time and a final name will be chosen in the near future. At that time, the Company will release a press release regarding this name change.
Authorized and Outstanding Common Shares of the Company -- As of the above date, the Company has approx. 376,500,000 outstanding shares of common stock and has authorized shares of common stock approved by the State of Nevada in the amount of 800,000,000. This increase in authorized shares was made in order to have shares available for the Company's future business needs which may include, but not be limited to, Joint Ventures, Asset Purchases, Management Compensation and any other necessary business transactions the Company's Board of Directors feels is necessary to carry on the Company's business.
East Texas Oil Field -- The Company has obtained in principal, a funding commitment to conclude this transaction, which is subject to and contingent upon the funder performing a satisfactory site and field inspection of the East Texas Oil Field. This will include interviewing personnel at the operations, obtaining commitments from Key Personnel to continue with the new operations in their current positions, auditing the existence of all active wells including past production reports in order to substantiate the monthly production of the field, inventory of all equipment and inventories for operations of the field and any other item they may feel necessary to complete this transaction with the Company and its joint venture partners. The Company has obtained assistance from Royal Petroleum Corporation in this transaction in order to obtain the financial strength to conclude this potential business transaction. At this time, the Company is endeavoring to push this transaction to close before this current calendar year end.
If successful, the Company will receive, as its part of the Joint Venture transaction an operational facility located in Central, Louisiana, that involves 30 working and active wells that will produce over 3500 bbls/oil/month which will be free and clear of all debt. This field has a Geologist Report showing its current value being in excess of $13 million. This project will produce an annual net income in excess of $1,800,000. In addition, the Company will receive a cash position of $4 million for further investment in the oil and gas industry via "Farm-outs" and direct working interest investments.
In summary, if concluded this joint venture transaction will place over $17 million of economic asset value into BIGN with no debt and a joint venture association with the operating company of the East Texas Oil Field for future business associations.
While the primary focus is completing the East Texas Oil Field Joint Venture transaction, the Board of Directors is also giving careful consideration to the following issues:
-- Restructuring the business agreements with Joint Venture partner Hydroslotter Corp., the NC-02 technology and considering alternative well renewal technologies to better serve the companies future requirements both technically and economically.
-- Expansion of current operations in New Mexico and Oklahoma as the company may determine to be viable.
-- Continued re-organizing of the virtual I.R Department providing more accessibility to company business activity while maintaining an open line of communication to shareholders.
-- The Company has received a notification from the Pink Sheets organization regarding new requirements and the Company will endeavor to meet the highest standards for future reporting and compliance.
These decisions will be tailored around the expected conclusion of the East Texas Oil Field Joint Venture transaction.
Summary -- The Company is entering into a new era in its business growth and development. In doing so, many changes are needed in order for the Company to take advantage of and to exploit the many business opportunities it has available to it.
The Company would like to thank its shareholders for their patience and understanding during this period of change and growth, which brings with it uncertainties and daily decisions to make for the benefit of all concerned. Your Company is worth your respect and is only as good as its shareholders say it is no matter how successful management is in performing its duties.
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 Inc and Hydroslotter Corp.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
CONTACT: Biogenerics Limited Corporate Inquiries James Lancaster, CEO (903)-561-2446 Investor Relations www.bignltd.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Do you see this as a long or short.I have been in this one since Oct. Energy sector is so hard to predict.
Posts: 395 | From: south dakota | Registered: Nov 2006
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Posted by: miner49r In reply to: None Date:11/17/2006 9:37:28 PM Post #of 20399
Very Happy with the News!!!
"In summary, if concluded this joint venture transaction will place over $17 million of economic asset value into BIGN with no debt and a joint venture association with the operating company of the East Texas Oil Field for future business associations."
Add this $17 million to a lowballed approximation of a yearly $3 million pure profit from Grimes (and not including any other monies from any of our other joint ventures like wwng, etc. ) and we have about a $20 million dollar asset value for BIGN!!!
Right now we have a market cap of about $5 million (.0135 pps x 376,500,000 o/s).
Do the math...we should be trading AT LEAST 4 TIMES the current pps value and then that would only be at book value (the lowballed net asset value of this company)!!!
Currently, I think we should be trading between 10-20 cents!!! I think Arch came up with a current pps of 17 cents...I Agree!
Posts: 201 | From: Cornwall | Registered: Feb 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Posted by: cooljoegz Date:11/28/2006 9:58:58 PM Post #of 20853
NEWS - Royal Petroleum Corp. 11/28/2006
You guys don't post much in Royal's Board since it's new so I figure I'll let you guys know here. And Royal Pet is a JV of BIGN....
GO BIGN!!!
Royal Petroleum Corp. Acquires Oil Leases in Hildago County, New Mexico
CALGARY, Alberta, Nov. 28, 2006 (PRIME NEWSWIRE) -- Royal Petroleum Corp. (Other OTC:RYLP) announced that the company has completed a transaction acquiring oil leases in Hildago County, New Mexico. Currently there have been 28 petroleum-exploration wells drilled, including a 14,585 foot Humble Oil test along the Alamo-Hueco anticline.
The acquisition is in close proximity to one of the only major pipelines in the area making it strategic for producing oil and gas holdings. The leases are geographically situated in the Pedragosa Basin Complex, which is potentially one of the largest natural gas bearing areas. The largest part of this basin lies south in Mexico and is largely unexplored by our Southern neighbors.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
Posted by: texasboston In reply to: None Date:12/5/2006 1:12:40 AM Post #of 21279
Gentlemen,
I haven't posted in awhile, however, I have been adding to my position. I have found that when talking with management and keeping a positive note, information is much more "read between the lines" when I keep a positive outlook with the BOD. I recieve email reply's of a positive note in which you see what they are saying even they are not stating it directly. They do not have to disclose anything (pinks) however, if you have been in the game (longs) we will shortly be rewarded. This company (in my opinion) truely wants to be an assimilator of small to mid size oil leases and then grow to something much bigger down the road. The recapture of oil leases in the 30-50 wells is where the money is and they know it. We have for sure bottomed out, however, when this deal is done and in my opinion before 07 we will be an a completely different O/G company. The fact that so many people are upset about a lack of news is frustrating to me...do any of you know how long it takes to assimilate leases, personel and financing. I had a conversation with a BOD that stated when oil went from 78 to 55 in six weeks that they had to provide a business plan for oil based on price per barrel from $40 to 90. The instabilty of the oil markets play a huge factor in this deal. Just think if they had bought the East texas deal at $75 a can instead of $63 today's price...the land owner would either lose or make milions...so it just makes since that the sellers would want to see a three month average of oil prices after spikes. Five months is nothing for a company to try to buy/merge/partner with another company that is 10+ times their size. Apply the same rules of LOI with a company on the Dow or NAS and as you know they can take forever. One of the biggest differnce's is that they don't tell us about it untill it is done. Grimes in my opinion is not the main focus now as I believe that they are having issue with the JV venture Hydrolsotter. Oil is where the money is and Grimes if stable and grows with the addition of flow wells will provide a income stream the help facilitate cash revenues. We all know that the projection of 160 wells was crazy as we are currently at three -to five (not sure). If this was their main focus we would be tapping these at a much faster rate. Oil is the cash cow with the company and the price will just continue to increase as time passes. BIGN is at the place right now where they are trying to go from a pinky to a higher listing...and this aquistion is just one of a step ladder (IMO) of deals that all build on each other. We can't expect this company to overnight be huge, the O/G business does not work that way, we are dealing with independent owners of wells, family leases, mineral rights that have been owned for years and when you boil it down, alot of the time its a BOD meeting with some local guy in a small town who in his mind has to sell out the the family to be rich...its not like this is a technology company gobbling a small telco in a big city. Posts on the board that discuss concerns with the direction of the company are fine, but is has become a repetitive barrage of saying the same thing. In think that we all understand that PR's in which date stamps are giving are not met, we understand that Grimes is not producing the wells that we had been told, we understand the LOI was supposed to be completed months ago..if you are share holder and you keep living in the past and speaking negative of the direction that the company stated and has not fullfilled does this help the situation. No.If I was new to this board I would be hesitant to buy stock in this company due to the % of negative posts to positive. Post a negative post..once maybe twice but 10-15 times..you are only hurting yourself and other longs. The stock price has already adjusted it self for those failures, as I bought alot of shares at .06. That damage to the PPS has already felt that. So I urge the current shareholders to re-read the last PR and see what direction the company is going and add positive information regardin the direction of company as of 12\05-06. The names that I see fighting with each other have been around for along time, we only hurt our positions by dwelling on the failures of the past and not by reading and understanding what the new direction of this company is. We are going to close this transaction and see a dramatic increase in PPS and this will be a building block for the next phase of our company. Lets stop the bickering and support our company or sell your shares and invest in another stock. This is not a make a 10 bagger in a day stock...this is a the making of a new O/G company.
Wishing all a blessed holiday season!
Texasboston
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Biogenerics Limited Shareholders to Receive Special Dividend From Subsidiary WW Oil And Gas Inc.
PrimeZone "PrimeZone "
TYLER, Texas, Dec. 11, 2006 (PRIME NEWSWIRE) -- Biogenerics Limited (Pink Sheets:BIGN) announced that its shareholders will be receiving a special dividend gifting from its subsidiary, WW Oil and Gas Inc. Biogenerics' shareholders who hold shares as of January 2, 2007 will be eligible for the special dividend. The shares will be payable on January 30, 2007. This special dividend represents 10% of WW Oil and Gas Inc. The dividend will be mailed out to Biogenerics shareholders of record without any action(s) required by eligible recipients.
Website: http:/www.bignltd.com
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 Inc. and Hydroslotter Corp.
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 several exploitation projects encompassing four oil and gas leases in the San Juan Basin area of New Mexico and Oklahoma. Comprehensive drill 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.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
CONTACT: Biogenerics Limited Corporate Inquiries James Lancaster, CEO 903-561-2446 Investor Relations www.bignltd.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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