Replies to post #14542 on OMDA Oil and Gas, Inc. (OOAG)

[DonLeopoldo]

150 producing wells means that there are 150 producing wells.

The total number of wells I don't know.

But I've read there are 160 producing. Though it seems that some of them are beeing technically audited so that they can improve production.

The audits will give you more precise numbers within days if you're patient. I've been patient for 2 years, and also since a little over a month ago.

I can wait a few more days or weeks, while we get other news and data about the BioDiesel CA$H JV, which will be a huge news.

[Sheepdog]

NOT 150 wells owned.

From the May 18th PR and restated for those who are making these misleading statements:

"OMDA Oil and Gas, Inc. currently owns an outright 20% working interest in 150 producing wells in Caddo Parrish, Louisiana...OMDA also owns a minimum of 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX."

Thus, the equivalent ownership is about 34 wells of marginal producing capacity.

I would be very suspicious of the statement "150 producing wells", implying all of the wells are currently producing 100% of the time, and suspect, as these are stripper wells, this REALLY means the 150 well "field" as a whole is producing SOME oil.

I also expect we will find out how much oil is being produced after AEB has milked the PR's to death.