Diversified Oil and Gas Holdings (DVFI)

[shermann7]

NEWS from Scotttrade - Not new, but Different Words

News for 'BIGN' - (SessionsIR.com: Biogenerics And Tyche Start Oil
Production At Charring Cross)


Biogenerics Ltd (OTC: BIGN) shares decreased by $0.002 on Wednesday. The investment venture capital company, which engages in the exploitation and distribution of oil and gas reserves in the United States, announced on Tuesday that Tyche Energy Incorporated 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% working interest before payout and a 48.75% working interest after payout 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. For more information please visit www.bignltd.com.

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