Replies to post #120312 on $tacks Upon $tacks Of Moolah (STAX)

[sublime]

OMOG.. OMDA Oil and Gas, Inc. Announces 52% Increase in Quarterly Production Revenues
Business Wire - May 20, 2004 08:30

MIAMI, May 20, 2004 (BUSINESS WIRE) -- OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), today announced that gross revenue for all oil and gas production wells contained on leases in which the Company participates totaled $386,995.04 for the first quarter of 2004, which represents a 52% increase over fourth quarter 2003 revenues.

"We are very pleased with the first quarter revenues, which are a direct result of the combination of improved efficiency and rising oil and gas prices," said Adam Barnett, Chairman of the Company. "We are committed to continuing to improve our operational efficiency while we activate more wells to sustain our long-term growth."

The Company also recently announced its online newsletter, which will be sent via email to subscribers. The newsletter is free and may be subscribed for at the Company's web site, www.omogoil.com. Subscribers will receive important updates about the Company in a timely manner.

In addition, the Company today announced that it is continuing to implement its stock repurchase plan, which was initiated on May 12, 2004 when the Company purchased ten million shares of its common stock through open market purchases. Those shares are currently being canceled by the Company's transfer agent, Signature Stock Transfer. The repurchase plan will continue for the remainder of the second quarter during which the Company intends to repurchase an aggregate maximum of up to 100 million shares of its common stock.

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.

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.

SOURCE: OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc.
Adam Barnett, 305-992-0151
[e-mail]
www.omogoil.com

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