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b/c there was no reason to buy the stock, trial was delayed and a lot gave up. i dont think it over yet for this one. chart is nearing a double bottom also.
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Pray for something, anything, sat on this one for too long, lost my a__ to the point not even worth selling out. At this point all it does is add another red light to my christmas tree.
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Logical, OMOG even when oil was at an all time high, this stock did not do anything but slowly drop. Something has to be up in order for this to be in the green that many % points
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OMOG ran back in the spring when oil was on its way up. These stocks run, long before they reach their highs. Smart money knows long before everyone, what sectors to rotate in. Don't be surprised to see life in OMOG for the next couple of days. I saw a big rotation today out of airlines and retail, in to Energy and Tech.
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OMOG OMDA Oil and Gas, Inc. Announces Settlement in Young Oil Lawsuit Market Wire - November 30, 2006 7:00 AM (EDT)
HOUSTON, TX, Nov 30, 2006 (MARKET WIRE via COMTEX) -- OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG) announces that it has reached a settlement agreement in the Young Oil lawsuit on terms that are satisfactory to all parties.
"I am pleased to have this lawsuit behind us now," stated Chairman, Adam Barnett. "This settlement will allow the company to concentrate on operations and growth. It will also allow us to focus our litigation efforts exclusively on the Lanza et al case. As always, we will report to our shareholders as additional developments arise."
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX.
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, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. 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.
Contact: OMDA Oil and Gas, Inc. Investor Relations 800-621-0113 IR*omogoil.com www.omogoil.com
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Well .... Ive been holding shares for a long time waiting for the gr8 news.... but it didnt work out.... They are not going to reveal the settlement...... So OMOG is now just the usual penny stock..... may go up may go down .... the BIG option to make lots because of a settlement are down the drain....
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OMDA Oil and Gas, Inc. Announces Appointment of New Board Member
Jan 10, 2007 07:01:02 (ET)
HOUSTON, TX, Jan 10, 2007 (MARKET WIRE via COMTEX) -- OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG) is pleased to announce that it has recently appointed a new member to the Board of Directors.
OMDA has appointed Patrick Kolling as the newest member of its Board of Directors. Mr. Kolling currently resides in St. Cloud, Minnesota with his wife of 33 years, and their three children. Patrick graduated from Moorhead University with a BA degree in Business Administration. Mr. Kolling has owned two successful companies in the financial services industry, and has spent the past five years directing his financial expertise into the legal arena.
Adam Barnett, Chairman, stated, "I am pleased to have such a fine business man as Mr. Kolling join the OMDA team. With his extensive business, financial, and legal knowledge, he will be a true asset to the company." Mr. Barnett went on to say, "This is just the first of many personnel additions for OMDA in 2007. We anticipate adding more board members and consultants, as well as an in-house attorney who will focus on up coming acquisitions and day-to-day SEC issues."
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I still have mine, been holding the bag since a year ago, give me a reason to buy more. More of a reason than they just increased the payroll/overhead. give us another Press release related to WTF do you guys do all day????!!!!OMDA, COMMUNICATE MORE OFTEN WITH YOUR SHAREHOLDERS!
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
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