.<font color=red size=2> OMOG News
OMDA Oil and Gas, Inc. Announces Chairman Adam Barnett's Recent Stock Purchases
Jul 12, 2006
HOUSTON, TX, Jul 12, 2006 (MARKET WIRE via COMTEX) -- OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG), announced today that its Chairman Adam Barnett has recently purchased the company's common shares in the open market.
Mr. Barnett has purchased over eight million shares of OMOG since Thursday, July 6th, 2006. These shares are in addition to the 10 million announced in the prior week. This brings the total purchased by Mr. Barnett over the last two and half weeks to over 18 million shares. All shares were bought for personal investment purposes.
Adam Barnett, Chairman, stated, "As promised, I am releasing this additional announcement in an effort to be as open with the shareholders as possible. I bought these shares as a personal investment in our company in part due to my excitement over the potential developments outlined in yesterday's newsletter. I will continue to inform the public, either through additional press releases or company newsletters, of any additional purchases or any future personal retirement of company shares.
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, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, 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
SOURCE: OMDA Oil and Gas, Inc.
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