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I'm in! Nice Play
RIGH--JEDM SSSQQQQQQQQQQQQQQQUUEEEEEEESSSEEEEEEEEEEEEEEEE
SQUEEEZZZZEEEEEEEEEEEEEEEEEEEEE
HOUSTON, TX--(Marketwire - 05/27/10) - OMDA Oil and Gas, Inc. (Pinksheets:OOAG - News) wishes to offer the first in a series of updates on the Concord Dome project. Due diligence on this prospect is ongoing with data being collected from several sources. OMDA is releasing the information as it is being received. Further updates are expected to be reported to the company over the next few weeks which will be released to the public.
The Concord Dome is a reference to an area of about 160 acres in Anderson County, Texas with 18 leases housing a number of existing and currently producing oil wells. Third party reports estimate the long term potential of the existing wells on Concord Dome to yield over 1 million barrels of oil. Surrounding the Concord Dome is a vast area of land in the hundreds of acres which may be available for acquisition by OMDA, and is projected to have as abundant an oil supply as Concord Dome itself.
Accurate revenue projections data is still being compiled but preliminary estimates at current oil prices could place OMDA's revenue share over time in the tens of millions of dollars. The company will provide a more detailed breakdown as those reports come in.
Overall production to date has been below reasonable expectations due to several factors. One of those factors was the capping of some of the lesser producing wells in order to make better use of available resources and place focus on the greater producing ones. Perhaps the biggest issue which hampered production was the former lawsuit. With the lawsuit having reached a resolution, production on the existing wells can now be accelerated and increased significantly.
Within the next several weeks OMDA plans on sending one or more members of its management team onsite to meet with the company's drilling partners, tour the facilities, walk every lease and get a firsthand look at the progress to date, as well plans for future drilling. During that visit, detailed pictures and video will be taken of the property, wells, equipment, tank batteries, etc. and placed on the company's website as promised for the benefit of all current and prospective shareholders.
OMDA expects to release the next Concord Dome Update within 7 to 10 days. In that stage 2 report the company will provide more detailed information and a more specific breakdown, including engineering report findings which are forthcoming and will be passed on to the public.
"Concord Dome is a very important and potentially very profitable project for OMDA for many years to come," said Adam Barnett, Chairman and President of OMDA Oil and Gas Inc. "Over the next couple of weeks as we continue to gather and release more details, our shareholders will get a more complete picture of the prospect and a much better understanding of its long term potential. Up until now this prospect has not been drilled to anywhere near its potential. Our plans are to work closely with our partners and get the maximum production we can from Concord Dome for the next decade and beyond. We are also considering acquiring some of the surrounding acreage in order to continue to bring more wells online and ultimately harvest much more oil than just the 1,000,000 barrels that are recoverable right now."
In another development, OMDA Oil & Gas, Inc. and its Board of Directors are exploring a Joint Venture opportunity that they feel will be very lucrative and provide an additional revenue stream for the company. This would be an all cash deal. The company should have enough research and negotiations accomplished to share an extensive update on this opportunity next week.
OMDA is also announcing that the reduction of the authorized shares from 10 billion to 250 million has been completed. The new authorized shares limit is now in force and has been submitted to http://www.pinksheets.com/ to be posted to OMDA's company information section.
Mr. Barnett commented, "Once the lawsuit was resolved the first order of business was to completely change the company's share structure. After lowering the authorized shares and canceling the preferred shares we have not only given our shareholders a direct say-so in all major decisions, but we have also put them into a position to receive benefit much more as the company moves forward with oil and gas production."
About OMDA Oil and Gas, Inc.
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http://mailing.exclusiv-news.de/go/AQ0NL61-1UQCHGU-1UNZXW2-1EE0115W-U.php
Shorters will give us a nice boost after $0.10+!
http://cashflowstock.blogspot.com/
Monster Play
OOAG IMPORTANT NEWS
OMDA Oil and Gas, Inc. Has Retained a CPA Auditing Firm to Bring the Company to Fully Audited Status
HOUSTON, TX, May 25, 2010 (MARKETWIRE via COMTEX) -- OMDA Oil and Gas, Inc. (PINKSHEETS: OOAG) is pleased to announce that it has retained the CPA firm of De Joya & Griffith and Company LLC www.dejoyagriffith.com to audit the company's financials. De Joya & Griffith were selected for several reasons including their specialization in public company audits and their expertise with the oil and gas industry. Initial retainer fees have already been paid in cash, as will all subsequent payments. OMDA will not be using stock of any kind to pay for these auditing services, or any other future services rendered. OMDA is operating on a cash basis and is unable to issue new stock without a proxy and a majority vote of its shareholders.
OMDA has made previous attempts over the years to be properly audited, including hiring and paying another CPA firm at one time, but several factors together with the recently resolved lawsuit have severely hindered those efforts. Among those factors were incomplete and/or nonexistent information which was never turned over to OMDA from previous management. Until the resolution of the lawsuit OMDA's books were essentially impossible to properly audit.
"This is a monumental announcement for OMDA and for all of our shareholders," stated Adam Barnett, Chairman and President of OMDA Oil and Gas. "For several years it has been our objective to become a fully audited company and now we are able to take this big step towards realizing that goal. With the lawsuit behind us and a clear picture of OMDA's true assets we are finally able to undertake this task." Mr. Barnett also said, "Among the criterion I had in mind when selecting an auditing firm, it was important that they agree to provide weekly status updates on the progress of the audit in order for me to pass that on to our shareholders. Each shareholder has a stake in the company and I want them to be fully informed every step of the way. We expect this audit to be completed by year end or sooner, at which time we anticipate being able to transition off of the Pink Sheets and onto the Bulletin Board."
OMDA management has also reiterated its promise to release a more detailed Concord Dome update within the next few days. When asked about this project, Mr. Barnett commented, "There are many stages of compiling the massive amount of information for a detailed and accurate Concord Dome update. The first stage will be released this week. Many more substantial updates will follow and include reports, revenue numbers, timeframe for paying back investors, etc. and will be forthcoming before mid-June. With the various partners we have in these wells gathering complete and detailed information is very complex and time consuming, but I want to ensure that we answer every possible question about what we own and the history of that ownership. The history of the prospect is very extensive. Drilling has taken place many times during our ownership of the program and production has been on and off and has endured many changes over the last seven years. The thorough and extensive report on Concorde will include a detailed history, and will leave no stone unturned." Mr. Barnett also said, "I want to thank each of our shareholders and express my appreciation for their patience during this long process. We are committed to making OMDA a strong and transparent company in every way possible."
About De Joya Griffith & Company, LLC
De Joya Griffith & Company, LLC, a full service accounting firm based in Henderson, Nevada offers a wide range of audit, tax and business services that include preparation of audited financial statements, tax compliance, and various consulting services for individuals and business entities.
De Joya Griffith & Company specializes in serving both public companies under the Securities and Exchange Commission rules as well as privately held companies. Professional affiliations with organizations like Russell Bedford International and the American Institute of Certified Public Accountants (AICPA) allow the Firm to provide a wide range of services utilizing international, local and global resources.
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.
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
877-441 OMDA(6632)
IR@omogoil.com
www.omogoil.com
SOURCE: OMDA Oil and Gas, Inc.
CONTACT: mailto:IR@omogoil.com
http://www.omogoil.com/
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Equipment
Energy and Utilities:Oil and Gas
Chemicals:Petrochemicals
Professional Services:Accounting, Audit and Tax
Energy and Utilities:Pipelines
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=ooag
OOAG IMPORTANT NEWS
VERY NICE NEWS! See you on OTCBB
(OTC: USOG) Fully Integrates Newest Acquisition
NEW YORK, NY -- (Marketwire)
05/20/10
United States Oil and Gas Corp. (PINKSHEETS: USOG) announced yesterday that they have completed the audit of their newest acquisition, United Oil & Gas.
The American Recovery and Reinvestment Act of 2009 established a 30 percent tax credit for investments in improvements in residential energy efficiency. The credit applies to the purchase and installation of high efficiency residential appliances. This applies to propane as well, which is one of United States Oil and Gas main revenue streams. This credit should help propane gain a more solid market share going forward and open the doors to new clients.
For more information please visit www.stocksource.us/focus-stock.html.
Other active stocks are LUX Energy Corp (OTCBB: LUXE), Cannon Exploration Inc (PINKSHEETS: CNEX) and Quest Software (NASDAQ: QSFT).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.
Contact:
Eric Jensen
www.ionewswire.com
516.942.4910
LGAL Move UP, Patent
I'm in! L2 Please
BUY OUT LGTT FYI: News hits tommorrow-GMT time undtermined 12-May-10 12:22 am Since the company was offering the buyback and released news. Pinkerton has now tendered thier offer and pre fed the negotiations and insisted to speed up the process. It is likely that the offer will stand at .04 per share limit with = or - .01 per cent counter offer. News about the buyout is expected to be released tommorrow with GMT time undetermined due to last minute negotiations. the board held a meeting this evening to discuss the finalization process. Pinkerton plans to expand it's security forc protection service with the military primarily in Afghanistan.
HUGE Alert: LGTT is getting a buyout offer from Pinkerton Security 12-May-10 12:03 am I have been trading now for over 20 years, i rarely come across some info that may or may not come from insider sources.....this came across my desk passed on by another broker friend of mine...just to let you know that this is a rumor, but I hold it to be substantial. Thanks and happy trading all.
http://messages.finance.yahoo.com/mb/LGTT.PK
LGTT FYI: News hits tommorrow-GMT time undtermined 12-May-10 12:22 am Since the company was offering the buyback and released news. Pinkerton has now tendered thier offer and pre fed the negotiations and insisted to speed up the process. It is likely that the offer will stand at .04 per share limit with = or - .01 per cent counter offer. News about the buyout is expected to be released tommorrow with GMT time undetermined due to last minute negotiations. the board held a meeting this evening to discuss the finalization process. Pinkerton plans to expand it's security forc protection service with the military primarily in Afghanistan.
HUGE Alert: LGTT is getting a buyout offer from Pinkerton Security 12-May-10 12:03 am I have been trading now for over 20 years, i rarely come across some info that may or may not come from insider sources.....this came across my desk passed on by another broker friend of mine...just to let you know that this is a rumor, but I hold it to be substantial. Thanks and happy trading all.
http://messages.finance.yahoo.com/mb/LGTT.PK
LGTT FYI: News hits tommorrow-GMT time undtermined 12-May-10 12:22 am Since the company was offering the buyback and released news. Pinkerton has now tendered thier offer and pre fed the negotiations and insisted to speed up the process. It is likely that the offer will stand at .04 per share limit with = or - .01 per cent counter offer. News about the buyout is expected to be released tommorrow with GMT time undetermined due to last minute negotiations. the board held a meeting this evening to discuss the finalization process. Pinkerton plans to expand it's security forc protection service with the military primarily in Afghanistan.
HUGE Alert: LGTT is getting a buyout offer from Pinkerton Security 12-May-10 12:03 am I have been trading now for over 20 years, i rarely come across some info that may or may not come from insider sources.....this came across my desk passed on by another broker friend of mine...just to let you know that this is a rumor, but I hold it to be substantial. Thanks and happy trading all.
http://messages.finance.yahoo.com/mb/LGTT.PK
Moin, from Bavaria! HYPER HYPER
Nice Buy's - Sell's 6 to 1
LGTT !!!
VQC1: AENDERUNG / CHANGE: ISIN
17/04/2009 15:19:51
FUER FOLGENDE INSTRUMENTE WERDEN ISIN, WKN UND KUERZEL GEAENDERT. GUELTIG
AB: 20.04.2009.
FOR THE FOLLOWING INSTRUMENTS ISIN, WKN AND SHORT CODE WILL CHANGE. VALID
FROM APRIL 20, 2009.
Einstellung Aufnahme
ISIN Kuerzel Name Einst. mit Ablauf: ISIN Kuerzel Name Ab dem:
Anmerkungen
US8761ER1047 VQC1 TARGET DEV.GRP INC. DL-01
17.04.2009 US87620A1043 VQC2 TARGET DEV.GRP 20.04.2009 Tausch 1 : 1
FUER RUECKFRAGEN STEHT IHNEN DIE MARKET SUPERVISION HELPLINE GERNE ZUR
VERFUEGUNG.
PLEASE DO NOT HESITATE TO CONTACT THE MARKET SUPERVISION HELPLINE FOR ANY
QUESTIONS YOU MAY HAVE.
Frankfurt
VQC2 / EUR 0,043
70.000 +0,042
+4.200,00 09:08:53
05.05.10 0,022
0,064 0,0010
0,043 0,043
0,043 70.000
3.010
Made in the USA on the first Site by Amazon !!!!!!!!!!!!!
http://www.amazon.com/
0,0012 Today
HOLY COW .49
Wild Hunt; Review, compares "Lord of Rings, Lord of Flies with Wild Hunt!!!!!!!
http://www.montrealgazette.com/entertainment/movie-guide/Wild+Hunt/2780476/story.html
Thank's
L2 Please