Wednesday, May 03, 2006 9:19:49 AM
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Biogenerics Ltd (BIGN) shares closed at $0.0181 on Tuesday. The investment venture capital company, which engages in the exploitation and distribution of oil and gas reserves in the United States, announced on April 5th the location of its new head office, which will be relocated to 1520 Rice Road, Suite 200, Tyler, Texas, 75703. Not only is the Tyler head office an indicator of Biogenerics growing presence in the oil and gas industry, it also a reflection of the company's growth strategy which focuses on the employment of its strategic partners proprietary technology, such as Hydroslotter Corporation's enhanced oil recovery techniques in existing wells. The state of Texas currently produces more than three times the natural gas than any other state and its continued energy production remains crucial to the success of the U.S. government's domestic energy mandate. Accordingly, Biogenerics move to Tyler will place the company in a prime position to increase oil and gas production in state of Texas as well as a platform to expand into other surrounding states with the goal of facilitating the U.S. government's domestic energy directive. For more information please visit www.bignltd.com.
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