Five and Under

[Rager]

Morning all, fwiw OMDA ..News...
OMDA - OMDA Oil and Gas, Inc. Announces Successful Completion of Two Wells In Corsicana
Jump to first matched term

PALM SPRINGS, Calif., April 8 /PRNewswire-FirstCall/ -- OMDA Oil and Gas, Inc. (OTC: OMDA) (formerly Original Media Inc.) announced the start of production of two wells in the Cerf Lease in Corsicana County, Texas.

The Cerf lease now has two commercially producing oil wells at a depth of 2,200 feet, known as the Pecan Gap. The Cerf #2 well has current production showing over 50 barrels per day; a dramatic increase from the less than 1 barrel per day production prior to the recompletion. The Cerf #1 well is set at 70 barrels per day production volume. Both wells have a show of gas, which will be tested within the next ten days. The 120 barrels per day is flush production, which cannot be construed as settled production. The management hopes to have at least six months of over 100 barrels a day production, which is normal for the area.

OMDA further announced that they are in the process of acquiring another 170-acre lease in Milam County, Texas, which currently has 5 wells. The last well drilled next to this lease came in at over 30 barrels a day.

The Company will also be completing two new wells on the Culpepper Lease, in Milam County and will be putting the wells on pump by the end of the week, weather permitting.

Commenting on the progress the Company is experiencing, Mr. Monte Anderson, Chief Executive Officer, stated, "The Company expects to have 25 wells on pump by the end of April 2002, and is encouraged by the overall success rate of the newly completed wells. We are pleased with the apparent growth the Company has achieved this year and are confident of its future performance."

OMDA Oil and Gas, Inc. also announced that the Company suggests all shareholders take physical delivery of their shares if possible. This is based on the high volume of stock that has traded in recent months.

Note: Any statements released by OMDA Oil and Gas, Inc. that are forward- looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risks and uncertainties that may affect the company's business prospects and performance. These include, but are not limited to, economic, competitive, governmental, technological, and other factors discussed in timelines.

For further information, please contact OMDA Oil and Gas, Inc., Investor Relations, [phone], or fax, [phone].

MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X86323973

SOURCE OMDA Oil and Gas, Inc.

/CONTACT: OMDA Oil and Gas, Inc., Investor Relations, [phone], or
fax, [phone]/

(OMDA)