OMDA Oil and Gas, Inc. (OOAG)

[grapeman]

Seems to make sence. At 20% and 47% should be nice residual income on production. But if they are minority owners and probably can't change the compnay operating the wells, and if Lanza's company is operating,, then you can't trust the numbers. Question is-- then who would buy it when you can't trust the numbers. 150 wells is nice,,, but ho many are producing. IF this compnay ever wants to be real,, they will have to make all this public.

Fill me in what is the 504 in BDGR? Is that wells?


<<Best I can tell Lanza's 30% interest in Concorde dome to add to the 7.5% interest they already had. And 20% interest in 150 wells in LA. Down from 47% of 355 wells. I'm guessing in addition to that this years 504 in BDGR.

I would expect interest in the 150 well would and should be sold. They would be because Omda's managment would rather have cash than wells, they should be because they are likely being operated and partially owned by Lanza or his interests and why subject yourself to a business arrangement with someone you don't trust.

If they are sold the normal routine is the terms will not be announced and no one will ever know what happened to the money. >>