Replies to post #37489 on $tacks Upon $tacks Of Moolah (STAX)

[joepcf]

Guys I had no clue on OMOG when I posted before and now they have news.

B: OMDA Oil And Gas, Inc. Implements Restructuring Plan ( CCNMatthews )

OIL CITY, LOUISIANA, Oct 9, 2003 (CCNMatthews via COMTEX) -- Recent Progress In
Restructuring Plan Reported

OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG),
announced today the implementation of certain significant objectives in the
ongoing restructuring of the Company's financial and corporate organizational
strategy.

"Much of the restructuring effort has been specifically designed to increase
stockholder information and value," said Adam Barnett, Chairman of the Company,
"such as designing a new corporate web site that will provide various,
meaningful updates including the unaudited quarterly financial statements of the
Company and photos of the Company's properties and equipment, continuing to
restructure the Company's remaining debt, planning additional press releases
regarding important developments as they occur, and refreshing the Company's
corporate governance procedures."

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition
company. Currently the Company owns participation interests in 355 oil and gas
wells in Louisiana and Texas. Of the Company's 35 leases, 16 currently have at
least one producing well with an aggregate of over 100 currently producing
wells.

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, the impact of
competitive products, the ability to meet customer demand, the ability to manage
growth, acquisitions of technology, equipment, or human resources, the effect of
economic and business conditions, and the ability to attract and retain skilled
personnel. 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.
Adam Barnett
Chairman
[phone]