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[december]

OMDA Oil and Gas, Inc. Adds Law Firm, Files Amended Petition in
Multi-Million Dollar Lawsuit Against Former Management and Gives
Operational Update
Wednesday July 6, 2005 10:19 am ET

HOUSTON, July 6, 2005 (PRIMEZONE) -- OMDA Oil and Gas, Inc. (OMOG),
an oil and gas production company (Other OTC:OMOG.PK - News),
through its Chairman, Adam Barnett, announced that on advice of
Corporate Counsel Martin Nathan, the Law Firm of Zimmerman, Axelrad,
Meyer, Stern & Wise has been engaged as lead counsel in the suit
originally filed by the Company on March 29th 2005, against former
Management and other affiliated parties. The Company is seeking
return of assets plus actual damages in the amount of at least $36.5
million and Exemplary damages and Declaratory Judgment. Primary
assets the Company is seeking return of include, but are not limited
to: OMDA Oil & Gas Management, Inc., OMDA Oil & Gas Services, Inc.
and SHWJ Oil and Gas. Current OMDA Management is seeking any and all
converted or misappropriated assets along with appropriate damages
to be returned to the rightful hands of OMOG shareholders.

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Adam Barnett stated, ``Our counsel has done an unbelievable job of
unraveling the web of deception it appears that former management
has woven with the millions of dollars of viable oil and gas assets
that have passed through OMDA during their tenure. With the
continuously increasing price of oil and gas, the value of these
assets has increased significantly and justify the increased cost of
engaging the highly respected Zimmerman, Axelrad firm, well-known
for its expertise in litigation of issues similar to those involved
here, which in turn will hopefully expedite the favorable outcome I
feel the shareholders deserve. Nathan will continue to assist in the
discovery phase of the litigation, but will be able to devote more
time and attention to OMDA's drilling projects and prospective
acquisitions.'' Barnett went on to say, ``I strongly recommend any
shareholder or prospective shareholder to spend some time looking at
the filings on our legal update section of our website, particularly
this most recent filing. It should demonstrate how strong a case we
really have in repatriating what we believe could be tens of
millions of dollars of assets as well as cash damages.''

On July 1, 2005 a Second Amended Petition was filed by Zimmerman
Axelrad on behalf of OMDA in the District Court Of Harris County,
Texas, 215th Judicial District. Cause No. 2005-23020, captioned Omda
Oil And Gas, Inc., Plaintiff vs. Joe Lanza, Morgan Wilbur, III, And
Richard I Michael, Trustee of ``007 Trust'', Monte Anderson, Tom
Neely And David Taylor, Defendants. A copy of this newly filed
petition along with the previously filed petitions and a copy of the
executed trust agreement establishing ownership by OMDA of the three
above mentioned companies can be found at OMDA's website at
http://www.omogoil.com/legal_updates.html

Operational Update on Active Properties

Young Oil Project (20% Working Interest) -- The first two wells have
been drilled to total depth. A third well going specifically after
natural gas was preparing to be ``spudded'' last week when a problem
with the rig developed. The operator informed us that the rig should
be operational some time today with total depth reached later in the
week. After a two week delay in getting an acidizing crew on
location, the Gilreath No. 1, which was the first well drilled with
good oil shows, is now still being swabbed. Results should be
available shortly. The Second well, the Pryor No. 1, while showing
oil does not appear commercial and will probably be plugged. With
these developments, and barring any further delays, the balance of
the six wells are now projected to be drilled over the next three to
four weeks.

Patroon Prospect (15% Working Interest) -- The operator has informed
the company that site preparation is being completed, and barring
any unforeseen circumstances the rig is scheduled to be on location
by the third week of July. This well is a deeper 6,000 ft. lower
risk wildcat which should take around ten days to reach total depth.
If successful, the company has as many as nine additional offset
locations.

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc and its wholly owned subsidiaries: OMDA Oil &
Gas Management, Inc., 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, as well as 100%
gross interest in an undeveloped 1,116 acre, horizontal play in the
Panola Field, Panola County, Texas. Current projects include a 15%
working interest in an 800-plus acre play in Shelby County, TX and a
Carried back-in working interest of at least 7.5% up to 37.5% in a
12 well workover play in the Concorde Dome Field in Andersen County,
TX. The company is also currently in partnership with Young Oil
Corp, the largest Oil and Gas producer in Tennessee, on 46,000 acres
in North Central Tennessee with an initial 20% interest in a six
well program and a first right of refusal on any other prospects on
the Young leases.

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, the impact of competitive products, the ability
to meet customer demand, the ability to manage growth, acquisitions
of technology, equipment, or human resources, the effect of economic
and business conditions, and the ability to attract and retain
skilled personnel. 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
[e-mail]
www.omogoil.com

Source: OMDA Oil and Gas, Inc.


http://biz.yahoo.com/pz/050706/81256.html



MARCH 15th 2006 UPDATE..

NEWS DUE OUT



http://www.omogoil.com/investori.html



ONLY 3 Market Makers to .0065

http://www.pinksheets.com/quote/quote.jsp?symbol=omog


AND # 7 Under top Stocks on Pinksheets . com


" AT LEAST 36.5 MILLION...


DIVIDE THAT BY 1.7 Billion shares.

= .022 RIGHT OFF THE BAT.

Just on the Lawsuit on the LOW END>

http://www.omogoil.com/investori.html

http://www.omogoil.com/omog28.pdf


OMDA Oil and Gas, Inc. Provides Legal Update
- parties to lawsuit attend mediation proceeding

As previously announced, OMDA Oil & Gas, Inc. has been involved in
an ongoing
lawsuit against former management. The original suit, filed March
29th 2005 ,
sought the return of significant assets including numerous producing
and
non-producing wells, as well as actual monetary damages.
Adam Barnett and legal counsel from the firm Zimmerman, Axelrad,
Meyer, Stern &
Wise attended a mediation hearing yesterday, March 14th. This
mediation was an
attempt to settle the above referenced lawsuit before the trial date
next month.
Adam Barnett, Chairman, stated, " I could not be more pleased that
this lawsuit is
now reaching the settlement stage. I was very happy with the
mediation yesterday
and the fine job that our legal counsel did in representing us
throughout the
proceeding." Barnett went on to say, " While I can not comment on
the fine points
concerning the events yesterday, I feel confident that the
shareholders of OMDA Oil
& Gas, Inc. will be very pleased with the outcome. I hope to have
all finalized paperwork
resulting from the mediation soon, and I look very forward to
announcing
all details in a formal press release in the weeks to come.



http://www.omogoil.com/news.html

http://www.omogoil.com/news_070605.html

"
Current OMDA Management is seeking any and all converted or
misappropriated assets along with appropriate damages to be returned
to the rightful hands of OMOG shareholders.
"