OMOG..me thinks nice news comin..We are pleased to announce the successful completion of all three wells, which
have tested commercial flows at our Young Oil Project in Tennessee. We would have
preferred to wait a few more days and get accurate numbers out in a press release, but
we felt we owed it to the shareholders to let them know all information as soon as possible.
We are very impressed with the amount of gas production that we have and look
forward to making that detailed update next week.
OMDA Oil & Gas
Special Bul letin
09/22/2005
SHAREHOLDER BULLETIN
Quick Facts:
Stock Symbol: OMOG
YTD High: $0.018
YTD Low: $0.0045
Outstanding Shares:
1,378,500,419
Transfer Agent:
Signature Stock Transfer
972-612-4120
Contact Info:
IR@OMOGOIL.COM
800-621-0113
WWW.OMOGOIL.COM
SINGAPORE (Reuters) - U.S. crude oil prices extended early gains to trade $1 higher on Thursday as
six Texas refineries shut down head of powerful Hurricane Rita, which is expected to reach the U.S.
coast this weekend.
U.S. light, sweet crude on the New York Mercantile Exchange (NYMEX) hit an intra-day peak of
$67.80 a barrel, before easing to trade 85 cents higher at $67.65 a barrel by 0554 GMT.
The refinery closures, coupled with the continued loss of four other plants in the wake of Hurricane
Katrina less than a month ago, took about 14 percent of U.S. refining capacity offline, fanning fears
about tightening fuel supplies.
Rita, now making its way across the Gulf of Mexico as a maximum Category 5 hurricane with winds
up to 175 mph (281 kph), also put a halt on production recovery efforts in the region, where more
than half of oil output remained shut after Katrina.
Oil Up $1 As Rita Heads For Refineries
This Newsletter may include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties regarding
various aspects of the OMDA. 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 letter.
OMDA Oil & Gas Offers Updates on Natural Gas Wells
In Tennessee
We are pleased to announce the successful completion of all three wells, which
have tested commercial flows at our Young Oil Project in Tennessee. We would have
preferred to wait a few more days and get accurate numbers out in a press release, but
we felt we owed it to the shareholders to let them know all information as soon as possible.
We are very impressed with the amount of gas production that we have and look
forward to making that detailed update next week.
We wish the best to everyone affected by either hurricane Katrina or Hurricane
Rita, and hope they get some relief in the near future. We were very fortunate that none
of our properties sustained damage in Katrina, and we feel Rita will miss all of our current
projects as well. We will announce in next week's production numbers update if the
storm did any damage or if we will experience any setbacks. We remain very optimistic
and pray for all of those that have been or will be affected by these tragedies.
