One more Pink for the road.
ON FIRE IN PRE-MARKET
This has been penny stock week..... :o
A thread already here on this stock.
Why not make comments here. ???
I called thier 'pr' and someone named 'Ron' returned my phone call.
He said outstanding shares were around 185Million, couldn't tell me float (but said it was around 25% of that).
ALSO, the other shocking thing was, he said he could sell me shares for 1 cent each (company is trying to raise money), but they would be locked up for 1 year?
What to make of that??
Also, he said they had filed with the SEC, but I couldn't find any of the filings?
BIOGENERICS LTD (Other OTC:BIGN.PK) Delayed quote data
Last Trade: 0.032
Trade Time: 11:16AM ET
Change: 0.008 (33.33%)
Prev Close: 0.024
Open: 0.025
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 0.024 - 0.034
52wk Range: 0.01 - 0.25
Volume: 3,594,138
Avg Vol (3m): 2,761,270
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
The calmness before storm ??? ;D :o :o :o :o :o
This was posted on IHUB BIGN board along with a few other group boards. I don't have any other info on it.
http://www.investorshub.com/boards/read_msg.asp?message_id=8437291
BIGN Stock Play for Monday, 355 Groups Notified
I just received notice that BIGN was selected as a stock pick and 355 groups were just notified of the play scheduled for Monday. The people who sent the letter do have shares of BIGN and one year ago were compensated for a one month promo of BIGN.
This happened on Nov 9, 05:
::)
10M shares @ 0.0275 = $275,000! Not your average penny gambler. Something big is about to happen IMO. We only traded 1M shares all day with most between 0.026 and 0.027. Then 5M @ 0.0275 goes through right before close and another 5M @ 0.0275 goes through 16 minutes after the close.
we will see next week >:D
While I like the BIG potential in this stock also after reading PR's/etc.....I'm thinking the group alert deal was from one entity named "355 Club Association" and, as things often go, it has grown to 355 groups being alerted. ;D That's what it looks like to me at this point.
Anyway, I'm in...if we get an update soon on their progress, it could really be BIG....but, as always...that's an "if". ;D
I think this 'alert' post on another board started the whole thing...you'll see what I mean, and how it probably grew into '355' alerts. But one good update would be worth more than 1000 alerts anyway. ;D
"http://finance.groups.yahoo.com/group/SHAKERZANDMOVERZ/message/19842
actually a safe entry is at 0.036 thats the trigger price for this stock to run...then we will run....so i see if we have big momentum i could enter earlier as i said on the last post...i have already a positon at 0.295 average. But i watch and double my shares maybe...
Resistance at 0.035 after blue sky. When a stock triggers i learned at greatstockpix.com where i was member for 6 months. It s very safe but more with Nasdaq stocks where you can put stop losses. But the theory works also for OTCBB stocks.
Summarize:
1- when stock reaches 0.031 run to 0.035 (0.035 resistence)
2- if we break 0.035 up to the moon = Triggerprice 0.036
on a weekly chart of bign we can see a lot of things that are positive:
1. fast stochastics seems to move up from 50
2. this week we have a candle that looks like a hammer
3. MACD is getting positve
next week we should move over 0.030
Found on the web:
http://themicrocapspeculator.blogspot.com/
Reader request: Biogenerics
Reader Gil asks that I take a look at Biogenerics (BIGN.PK). I normally don't discuss stocks this speculative, but I welcomed reader requests so I want to live up to my side of the bargain. Biogenerics is a development-stage company that intends to use "hydroslotter" technology to revitalize old, shut-in oil and gas wells. The hydroslotter technology is owned by the company's joint venture partner, Hydroslotter Corporation. A description of the technology is available here, if you scroll down to page 3. As I understand the joint venture, Biogenerics is to receive 40% of the cash flow from revitalized wells after the costs of the procedure are recouped.
Here's the rub: there is an enormous disparity between what the company says it will make and the value the market is placing on those prospects. Biogenerics press releases predict wild profits. The company claims it will earn $43.2M in 2006, using what it calls conservative estimates of production and natural gas prices. Once the 120 initially targeted wells are "slotted", the company expects over $87M in annual cash flow.
The market doesn't agree. Biogenerics has 224,326,710 shares outstanding, giving it a market cap of roughly $6.95M at yesterday's closing price of .031. There is no substantial cash or debt on the balance sheet, so the enterprise value is about the same amount.
Who do you believe, a press release or the market? If the company really is going to make over $40M next year, why hasn't the price rocketed or the company been swamped with suitors? There are a lot of smart folks in the oil and gas business (along with plenty of hucksters). They are all passing on this "once-in-a-lifetime" type opportunity, and I am inclined to pass as well. This stock is a lottery ticket. If it pays out it will sure be a nice one, but the odds are not good.
BIGN Party..... 8)
Looking at the chart, is this a Pennant continuation pattern
Do we have any pattern guru's around?
I see even eliteG has said "The calm before the storm !"
Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.
great stuff hawkeye.. totally agree that BIGN is consolidating for a massive move.
We may not even need a news release to set it off but it wouldn't hurt. The potential in this release: http://biz.yahoo.com/pz/051014/87892.html is truly incredible.
I encourage everyone to call BIGN (Ron Sherman 1-866-471-5928) and bug the hell out of him(ask him what his favorite color is and see that he is consistent the next day :D). Ask about everything under the sun. I found out from him that the private offering has now moved to .02 cents.. I just cant see how they can justify this offering without maintaining the price above at least 2.5 cents(since shares are restricted ~ 1 year).
I asked Ron what he thought the bottleneck was for the 4 wells to become operational in California and he told me that qualified people for hydroslotting was currently the issue. He told me one well is currently producing and may have a lifespan of over 10 years. There may be more info on this on the website.
I doubt most everything in the markets so perhaps Ron will say anything to make someone buy into the company he represents. Investor relations right? he wants the relations to be good.. but in this case the TA signals an accumulation bottom(inverse H&S,imo) and is currently consolidating after a strong move(and consolidating high up after the strong move = support)
This stock breaks .035 and I would be surprised if we dont touch .05 that very day and .08 the following day. I see support @ .025-.02 ~30%away. So as you see I believe the risk reward is manageable and very worth it considering this is a pink penny. I also think even higher prices are doable.
Yep, I'm big on BIGN. :D
nice day >:D
Yes. Let the monster out of the cage! For a friday not bad:) Watch next week !
BIGN PARTY! :o :o :o
any TA news from BIGN?
hi,
resitance at .03 . would like to see it break through this resistance but it looks to be drifting to the downside. support at .024 . would like to see it go lower than this . jmho.
any ideas?
thanks
maxi
hi,
support at .024 . would like to see it go lower than this . jmho.
any ideas?
Quote
i meant wouldn't like to see it go below .024
maxi ;D
I'm sitting on a rather large holding. Have lots of faith in EliteG's analysis of the potential. At one time Elite said he'd be out if it closed below .022. I miss his daily analysis. :'( Can't wait til he starts his Infinite Compound #2! ;D
seems like major resistance at .028, if it closes at or over this, then can we expect further trend?
elr
it seems to work out pretty well today; double than average volume. I think when volume comes back - we can break out? other opinions and smarter TA?
goodluck
Nice finish yesterday. Elite granted us humble followers an update on his Infinite Compound thread yesterday. ;D
Here's the link: http://www.3stocksonfire.org/trading/index.php?topic=1374.msg35328#msg35328
Saw this posted today at another MB:
November 29, 2005
New York, Nov 29, 2005 (M2 PRESSWIRE via COMTEX) --
Stockprofiler.us Trader Alerts for Monday include:
Biogenerics Ltd. (Pink: BIGN)
Biogenerics, Ltd. (the "Company") (Pink Sheets:BIGN) Recently
announced that Tyche Energy, Inc. ("Tyche"), one of its joint venture
partners, has advised the Company that fabrication of sour gas
treatment equipment scheduled for installation at its Charring Cross
Natural Gas project has been completed. The treatment skid will now be
shipped from the supplier's plant in Elk City, Oklahoma to the Harwich
1-1-18-IV WCR well site located in Harwich Township, Kent County, Ontario
The companies that are discussed in this opinion have not approved the
statements made in this opinion. This opinion contains forward-looking
statements that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. Stockprofiler.US
affiliates has not been compensated for services rendered;
Stockprofiler.US affiliates is not a licensed broker, broker dealer,
market maker, investment banker, investment advisor, analyst or
underwriter.
Please consult a broker before purchasing or selling any securities
mentioned herein. To view full disclaimers, go to
www.stockprofiler.us) (disclaimers).
That release was a regurgitation of the November 14 news:
Biogenerics Announces Charring Cross Natural Gas Project Update
11/14/2005 10:30:18 AM
TORONTO, Nov 14, 2005 (PRIMEZONE via COMTEX) -- Biogenerics, Ltd. (the "Company") (Pink Sheets:BIGN) announced today that Tyche Energy, Inc. ("Tyche"), one of its joint venture partners, has advised the Company that fabrication of sour gas treatment equipment scheduled for installation at its Charring Cross Natural Gas project has been completed. The treatment skid will now be shipped from the supplier's plant in Elk City, Oklahoma to the Harwich 1-1-18-IV WCR well site located in Harwich Township, Kent County, Ontario.
Once installation has been completed, the treatment facility will deliver sweet gas to a custody transfer meter via a 2.6 kilometer pipeline that will tie into a local Union Gas Limited distribution line. The Harwich 1-1-18-IV WCR well flowed gas at a stabilized rate of 465 MCF per day (MCFD) during a production test and is expected to commence production into the sales line at an initial rate of 200 MCFD. Tyche expects to complete construction of the subject pipeline and facility in December 2005, with production revenue commencing in January 2006. Ontario natural gas producers are currently receiving wellhead prices of $10.32 per MCF (1MCF=1,000 cubic feet of gas).
Tyche owns a 70% working interest in the Charring Cross project before payout of facilities and tie-in costs and a 52.5% working interest after payout of such costs.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Biogenerics Limited
Biogenerics Limited
Investor Relations
Dale Boyd
905-714-0058
www.bignltd.com
(C) 2005 PRIMEZONE, All rights reserved.
Hey ... we have a little "mini move" going on! :) We're at .031. Come on BIGN!
Yeah, nice action going on these past two days. Let's hope it keeps going!
OK ... we're lookin' good with the best close in many days. Let's hope the action this afternoon brings on the run we've all been waiting for. >:D
Quote from: ket1390 on November 19, 2005, 12:34:39 AM
Yes. Let the monster out of the cage! For a friday not bad:) Watch next week !
BIGN PARTY! :o :o :o
Is it Party time yet?
I got this party invitation from ket1390 ;D
Had so many other things to take care of the last 2 days it has been hard to be with you all here @ 3SOF.
I made a small buy today.I think EliteG "The Stock Wizard" finished with the rise spell he had to put on it. ;)
Welcome back, SETRAVIS. Let's get this BIGN party started! >:D
News!
2005-11-30 12:21:37
Biogenerics Limited Joint Venture Partner Hydroslotter Corporation Begins Work On Four Additional Gas Wells
>
TORONTO, Nov. 30, 2005 (PRIMEZONE) -- Biogenerics Limited (Pink Sheets:BIGN)
confirms that its joint venture partner Hydroslotter Corporation is now prepared
to begin the process of working over four additional gas wells on the Grimes,
California property.
On October 11, 2005, Biognerics Limited announced it had re-opened a well in
this same area that had been shut in for the past twenty-four years. In the
month of September, this well produced 14.4 million cubic feet of natural gas
(14,400MCF, which was sold for an average of $10.00 per MCF. Grimes continues to
produce strongly with low water production.
The four wells which are now targeted were chosen from a basket of 11 nearby
wells. The main geological and geophysical work on the target wells is
completed. Additionally, Biogenerics project managers have met with the rig
company and Schlumberger to establish the objectives and processes to be
initialized.
It is anticipated that a final technical review meeting will be held by
mid-December 2005 at which time a firm date or the workovers will be decided.
The workovers are tentatively scheduled back-to-back from January 8th to January
22nd, 2006. Each workover will require three days, with two days of slotting and
one day in between to re-rig the drilling apparatus.
Paul Smith, senior VP of Biogenerics Limited stated that, "Each of the four
wells identified should produce as well, if not exceed the production rate, of
the first Grimes well."
Smith further states, "In addition to the anticipated production from these
re-works, it will demonstrate the company's organization and flexibility to
manage multiple workovers successfully."
Hydroslotter is equally excited about the potential that their technology
provides. There continues to be hundreds of thousands of shut in wells that
indicate the same potential as the four wells in this program.
Biogenerics is a diversified investment venture capital firm focused on
exploiting and distributing domestic oil and gas reserves. Biogenerics has oil
and gas assets acquired from Rubicon Petroleum. Biogenerics also has joint
venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy
Inc.
About Hydroslotter Corporation
Hydroslotter Corporation's proprietary technology deemed "hydroslotting"
increases oil and gas production and extends the commercial productivity of oil
and gas wells by 300 to 600 percent.
Thanks for the news, Julia. She seems to be holding steady today ... come on, BIGN!
See today's news at http://www.3stocksonfire.org/trading/index.php?topic=3837.msg35894#msg35894
Biogenerics Limited Announces Acquisition of Additional Johnson Anticline Acreage in the Highly Prospective San Juan Basin
Friday December 2, 5:12 pm ET
FARMINGTON, N.M., Dec. 2, 2005 (PRIMEZONE) -- Biogenerics Limited, (Other OTC:BIGN.PK - News) announced today that subsidiary company, WW Oil & Gas, Inc., has completed the acquisition of an additional 320 acre leasehold interest in the Johnson Anticline structure of the oil and gas rich San Juan Basin. The new acquisition doubles the 320 acres currently held to a total of 640 acres under control as part of the Company's Johnson Anticline oil and gas exploitation project.
The newly leased property contains a well drilled circa 1975 that encountered oil in five (5) separate formations from depths of 2,000 to 6,000 feet. In 1975 the price of oil was between $8 and $9 a barrel. With the price of San Juan Basin Sweet Crude now at nearly $60 per barrel, management believes that at least two (2) of the shallow formations (the Mesaverde and the Gallup formations) could potentially be capable of commercial production.
On an adjoining lease located on the flank of the Johnson Anticline structure, a well was completed in the shallow sands of the Mesaverde formation. That well had an initial flow rate of 119 BOPD with no artificial stimulation, and produced over twenty-seven thousand barrels of oil (27,000 + BO) during its production span. Therefore, it is management's belief that the new leasehold acreage, which is positioned directly over the Johnson Anticline, appears to contain a large proved, but underdeveloped oil reserve in the Mesaverde formation.
The Johnson Anticline is located approximately two miles south of the Rio Puerco Field, a field that produces from natural fractures in the Gallup Sandstone. Another abandoned well which is located directly over the Johnson Anticline encountered severe lost circulation in an oil bearing sand in the Gallup. Due to this event, it is very likely that the sands in this region contain natural fractures, so that prolific production may be possible from the Gallup formation. In 1984, when the Rio Puerco Field was discovered, the Denver Post reported flow rates of between 50 to 320 barrels of oil an hour from nearby wells.
Three (3) miles south of the Johnson Anticline on the Media Dome structure, there has been historic oil production from the Mesaverde, Gallup and Entrada formations, with the Entrada producing over one million barrels of oil (1,000,000 + BO). The Entrada accumulation covered an area of approximately 141 acres (Oil and Gas Fields of the Four Corners Area, Vol. II, pgx. 410-412). Based on seismic data, the top of the Johnson Anticline structure covers 600 acres, so there could be over four million barrels of recoverable Entrada oil (4,000,000 + BO) on the top of Johnson Anticline.
Standard spacing for oil wells in New Mexico is 40 acres. The leases that WW Oil & Gas has the right to drill and earn have room for up to sixteen (16) oil wells. Drilling is planned as soon as the new lease becomes effective, a well is permitted, and the necessary rig is available to commence drilling.
WW Oil & Gas may drill and earn interests in roughly half of the land directly over the Johnson Anticline structure and has the opportunity to develop proved reserves.
news are out AH, chart:
bign weekly....
;D :
http://www.twintrader.com/profile/bign/index.htm
Action looks to me like folks have been playing the channel btwn .028 and .032 these past few days. I'm thinking January 8-22 we'll be seeing some real action.
We have some news! ;)Biogenerics and WW Oil & Gas Receive Green Light to Commence Drilling Right Angle Play
12/6/2005 9:19:05 AM
FARMINGTON, N.M., Dec 6, 2005 (PRIMEZONE via COMTEX) -- Biogenerics Limited (Pink Sheets:BIGN) and its subsidiary company, WW Oil & Gas, Inc., today announced the receipt of final permitting from the Bureau of Land Management (BLM) to commence drilling on the Company's "Right Angle" oil and gas exploitation project. Commenting on the news, Paul Smith, Biogenerics Senior VP of Engineering, stated, "The timing for these approvals couldn't have come at a better time as we are presently in final negotiations with our funding partners on this project. With final permitting now in hand, we are now ready to hit the ground running on this highly promising prospect, as soon as drilling funds are made available to move forward."
The Company's Right Angle oil and gas exploitation play is located in the highly prospective San Juan Basin of Northwest New Mexico, with a primary objective of entering the Jurassic Entrada Sandstone formation. During the late 70's, the first well to discover oil in the Jurassic Entrada sand dune led to over 2,000 square miles of seismic data encompassing 200 + sand dunes in the Entrada. According to Vincelette and Chittum in their AAPG paper entitled "Exploration for Oil Accumulations in the Entrada Sandstone, San Juan Basin, New Mexico," that first well, which is located within one mile of the Company's leasehold interest, encountered a 24-foot zone of oil saturated Entrada Sandstone.
Standard spacing for oil wells in New Mexico is 40 acres. The Right Angle leasehold interest that Biogenerics and WW Oil & Gas control and hold an earn-out option to has room for up to twelve (12) wells.
Additional information available at: http://www.bignltd.com.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About WW Oil & Gas Inc.
WW Oil & Gas Inc., a subsidiary company of Biogenerics is in the business of acquiring leases and oil and gas related assets. Such acquisitions are for the purpose of development, exploration, and exploitation. Currently, there are 3 leases under agreement for exploitation. Comprehensive drilling programs are being developed for full exploitation of these properties.
About Hydroslotter Corporation
Hydroslotter Corporation's proprietary technology deemed "hydroslotting" increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Biogenerics Limited
Biogenerics Limited
Dale Boyd
Investor Relations
(905) 714-9422
www.bignltd.com
(C) 2005 PRIMEZONE, All rights reserved.
Lots of news lately but still a general decline of pps over the last 5 days.
Not to worry, Kublakhan. The price seems to be fluctuating within the range of .026 to .032 most recently. I think investors are playing the "channel," to make some money while waiting for results, i.e., oil and profits. Most of the news to date has been about obtaining financing, land, and permits ... all setting up for the promise of ROI. I'm hoping patience will pay off with this one. :)
Another PR from BIGN today. I hope this part is true:
"We have literally been
inundated with requests for information from parties in control of oil and gas properties having either capped, abandoned or shut in wells that could be brought back online to commercial production with our Hydroslotter enhancement technology."
QuoteTORONTO, Dec. 7, 2005 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) today announced plans for the development of a new Client Management division to coordinate and manage joint venture oil and gas opportunities for both non-affiliated energy companies and third party land owners.
Recent success and news regarding the Company's highly effective Hydroslotter recovery enhancement technology, which can improve production rates from 300% to 600%, has prompted a high level of interest from numerous third party oil and gas asset holders interested in teaming up with Biogenerics Limited to launch new petroleum exploitation projects.
Biogenerics Executive VP, Paul Smith, stated, ``We have literally been inundated with requests for information from parties in control of oil and gas properties having either capped, abandoned or shut in wells that could be brought back online to commercial production with our Hydroslotter enhancement technology. With so many new opportunities to review, the establishment of a Client Management division is now a must to properly evaluate and determine which projects we will be moving forward with, and most importantly, which can add the most value to Biogenerics. We look forward to reporting on a number of new joint venture projects in the near future as that news becomes available to release.''
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Hydroslotter Corporation
Hydroslotter Corporation's proprietary technology deemed ``hydroslotting'' increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%.
Forward-Looking Statements:
This press release contains ``forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
Contact:
Biogenerics Limited
Dale Boyd
Investor Relations
(905) 714-9422
www.bignltd.com
Did someone call off the BIGN Party, without sending me an RSVP?
I'm still waiting for the party to get started :)
Maybe this news will help for next week..came out after hours today.
2005-12-09 16:31:11
Biogenerics Ltd. Announces Spin-Off of Tyche Energy Division and Stock Gift
TORONTO, Dec. 9, 2005 (PRIMEZONE) -- Biogenerics Limited (Pink Sheets:BIGN) and
Tyche Energy, Inc., jointly announced today their plans to spin-off Biogenerics'
subsidiary company, Tyche Energy, Inc.
In a special meeting held today, the board of directors of Biogenerics
unanimously passed a resolution to issue and gift up to 10% of the outstanding
common shares of Tyche to shareholders of Biogenerics Limited.
Biogenerics shareholders of record as of the close of business on Tuesday,
December 20, 2005 will qualify for the pro rata gift of Tyche Energy shares.
Biogenerics' board of directors plan to hold a subsequent meeting to finalize
the gift date, and confirm the number of shares to be gifted per each share of
Biogenerics stock held as of the record date.
Tyche Energy, which Biogenerics currently holds an ownership position of 37.5%,
is a London, Ontario based oil and gas P & E company operating exploration
projects in and around the Appalachian Basin of Ontario, Canada. Tyche Energy is
developing its nearly 20,000 acre portfolio of varying working interest property
rights in conjunction with several partner companies including Veteran
Resources, Inc., and Talisman Energy, Inc., (TLM) presently an $18.5 billion
market cap company trading on the New York Stock Exchange.
In addition to its present and scheduled exploration projects, Tyche Energy
recently signed a Memorandum of Understanding (MOU) with Productive Geoscience
to add a state-of-the-art seismic petroleum resource detection technology named
N2Vision to its service portfolio.
My take on it....With the news that Julia has posted, that came out after market close.
May be the Party starts Monday. ???
Flag, Pennant (Continuation) Pattern
Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.
Even though flags and pennants are common formations, identification guidelines should not be taken lightly. It is important that flags and pennants are preceded by a sharp advance or decline. Without a sharp move, the reliability of the formation becomes questionable and trading could carry added risk. Look for volume confirmation on the initial move, consolidation and resumption to augment the robustness of pattern identification.
Duration: Flags and pennants are short-term patterns that can last from 1 to 12 weeks. There is some debate on the timeframe and some consider 8 weeks to be pushing the limits for a reliable pattern. Ideally, these patterns will form between 1 and 4 weeks. Once a flag becomes more than 12 weeks old, it would be classified as a rectangle. A pennant more than 12 weeks old would turn into a symmetrical triangle. The reliability of patterns that fall between 8 and 12 weeks is debatable.
I liked this part ;D:
Stock Gift
In a special meeting held today, the board of directors of Biogenerics
unanimously passed a resolution to issue and gift up to 10% of the outstanding
common shares of Tyche to shareholders of Biogenerics Limited.
Biogenerics shareholders of record as of the close of business on Tuesday,
December 20, 2005 will qualify for the pro rata gift of Tyche Energy shares.
Biogenerics' board of directors plan to hold a subsequent meeting to finalize
the gift date, and confirm the number of shares to be gifted per each share of
Biogenerics stock held as of the record date.
NEWS:
No news yet today from biogenerix (could be the first decemberday without news)
the volume is getting better again (everybody wants a gift! from xmas-biogenerics)... but apparently is hard to break 0.03 - let's wait for the party...?
any thoughts?
is there somebody who knows something about the share structure of BIGN? how many? float?
its very surprising to see BIGN practically unchanged with over 10,000,000 volume (300,000$) today?
have a great evening (and a belgian beer ;))
a bedtime story about all this drilling on:
http://money.cnn.com/2005/12/09/news/economy/newoil_oldfield_biz20/index.htm
santé!
More news after hours yesterday.
Biogenerics Provides Business Summary of Tyche Energy Spin-Off
12/13/2005 4:05:17 PM
TORONTO, Dec 13, 2005 (PRIMEZONE via COMTEX) -- Biogenerics Limited (Pink Sheets:BIGN) announced today a more detailed summary of the current business plus oil and gas leasehold interest base of Tyche Energy, Inc., a subsidiary division the Company recently announced plans to spin-off, resulting in up to 10% of Tyche Energy's shares being gifted on a pro rata basis to Biogenerics shareholders.
In a special directors meeting held last Friday, Biogenerics' board unanimously passed a resolution to gift up to 10% of the outstanding common shares of Tyche Energy to Biogenerics shareholders of record as of the close of business, December 20, 2005.
Biogenerics currently holds an ownership stake of 37.5% in the London, Ontario-based junior oil and gas exploration company, and Biogenerics management will continue to comprise a portion of Tyche Energy's board of directors. In an effort to better educate the marketplace on Tyche Energy's current business and petroleum leasehold interest base, Biogenerics management team is making available the following business summary of Tyche Energy and its management team.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil and gas reserves in its core area and through the acquisition of under exploited properties, reserves and companies that will complement its growth objectives. Tyche Energy's primary long-term goals are to develop a high-level of sustainable production which can be directly marketed to the expanding Eastern North American market and resulting in a high-degree of profitability and cash flow.
Development Projects
Substantially all of Tyche Energy's exploration, development and production activities are conducted jointly with JV oil and gas operators. The following summary provides information regarding the areas in which Tyche Energy operates pursuant to such agreements;
Sombra 7-6-VI Agreement: Tyche Energy holds a 38.48% working interest in 100 acres located in the West Becher prospect area of Sombra Township, Lambton County. The project is operated by Kinderhook Resources, Inc.
West Becher Agreement: Tyche Energy holds a 48.97% working interest in 1,117 acres of certain undeveloped lands in the West Becher prospect area in Sombra Township, Lambton County. The project is operated by Tyche Energy, Inc.
Romney Lake Erie Agreement: Tyche Energy holds a 0.195% gross overriding royalty interest in 1,550 acres located on Lake Erie in Romney Township, Kent County. The project is operated by Talisman Energy, Inc.
Mosa Joint Operating Agreement: Tyche Energy holds a 66.67% working interest in 2,230 acres of certain undeveloped lands located in Mosa Township, Middlesex County. The project is operated by Tyche Energy, Inc. The remaining working interest in the Mosa lands is held by Torque Energy Inc. (TSX).
Dunwich Joint Operating Agreement: Tyche Energy holds a 66.67% working interest in 5,960 acres of certain undeveloped lands located in Dunwich Township, Elgin County. The project is operated by Tyche Energy, Inc. The remaining working interest in the Mosa lands is held by Torque Energy (TSX).
Charring Cross Agreement: Tyche Energy holds a 100% working interest BPO and a 75% working interest APO in 178 acres on certain lands located in Harwich Township, Kent County. The project is operated by Tyche Energy, Inc. The remaining working interest in the Harwich lands is held by Wellhead Workers Inc.
Kent Lake Erie Agreement: Tyche Energy holds a 50.00% working interest in 5,900 acres of certain exploration licenses and leases located in the Romney Lake Erie and Clearville Lake Erie prospect areas in Romney and Orford Township, Kent County. The project is operated by Veteran Resources Inc.
Caribou Sikanni Agreement: Tyche Energy holds a 10.00% working interest in 2,560 acres of certain exploration licenses located in the Caribou Sikanni area of northeastern BC. The project is operated by Veteran Resources, Inc.
Management Team
Mr. Rowe, Chairman and Chief Executive Officer, is an experienced oil and gas executive with over 25 years of industry experience. He was a founder and President of E. P. Rowe Oil Limited, a private Ontario-based oil and gas company credited with discovering the Dover 7-5-V East Pool in 1983. From 1983 to 1986, Mr. Rowe served as Vice President of Exploration for Paladin Petroleum Corporation, a public Ontario oil and gas company. In 1986, E. P. Rowe Oil Limited merged with Paladin Petroleum Corporation to form PPC Oil & Gas Corp. ("PPC") and was listed on the TSE. Mr. Rowe served as President and CEO of PPC from 1987 to 1990. In 1991, PPC merged with Paragon Petroleum Corporation. Mr. Rowe served as Vice President of Eastern Operations for Paragon from 1991 to November 1994. Mr. Rowe is a former President of the Ontario Petroleum Institute (the "Institute") and is currently a Director and Chairman of the Forward Planning Committee of the Institute.
Jean Claude Bonhomme, Executive Vice President. Mr. Bonhomme is an experienced oil and gas executive having over 25 years' experience in the Ontario oil and gas industry. He was the founder and President of Tipperary Resources Ltd. an independent oil and gas producer and predecessor of Paladin Petroleum Corporation. Paladin Petroleum Corporation, which was formed in 1983, amalgamated with several public and private oil and gas companies to form PPC Oil & Gas Corporation. Mr. Bonhomme served as President of PPC until 1987. Mr. Bonhomme has been involved in numerous public companies since 1987 including Explorers Alliance Inc. and is currently President, Bonclau Holdings Inc.
Mr. Ian Colquhoun, PhD. Vice President of Exploration is an exploration Geologist with over 10 years of expertise in the Ontario oil and gas industry. Mr. Colquhoun received his BSc. and MSc. in geology from Brock University where he published theses on the Trenton Group carbonates of southwestern Ontario. Mr. Colquhoun is also the author of several confidential reports on the Alberta oil sands pursuant to agreements between AOSTRA, the University of Western Ontario, Imperial Resources Ltd. and Amoco Petroleum Ltd. He began his career in Ontario with Pembina Resources in 1995 and has been employed as a consultant by several large and intermediate exploration companies in Ontario, including Resource Professionals Inc., Icon Petroleum Inc., Daybreak Energy Corporation, Cobra Oil & Gas Corp., and Rowe Energy Corporation. Most recently Mr. Colquhoun served as Exploration Manager -- Ontario for Veteran Resources Inc. (Calgary Alberta). Mr. Colquhoun is a member of the Association of Professional Geoscientists of Ontario ("APGO"), the American Association of Petroleum Geologists, and the Ontario Petroleum Institute.
Management Objectives Going Forward
Tyche Energy has built a solid operating base with its producing properties in Kent and Lambton County. Cash flow from production when combined with other financing activities is expected to provide the capital to maximize Tyche Energy's un-developed land potential and to explore other high-return opportunities in Elgin, Middlesex, Lambton, Kent and Essex Counties.
Tyche Energy plans to participate in the drilling of up to 10 exploration and development wells in 2005 - 2006. Exploration targets will include both Silurian and Ordovician age reservoirs having the potential to add both oil and natural gas production and reserves. Tyche Energy also plans to expand its current lease inventory on exploration prospects within its core areas utilizing management's technical expertise and its significant inventory of geological and geophysical data. In addition, management plans to acquire additional seismic and geophysical exploration programs to support further exploration and development drilling targets.
Tyche Energy's management team has reviewed several acquisition opportunities and will continue to pursue both property and corporate acquisition opportunities to add reserves and shareholder value over the coming months.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Biogenerics Limited
Biogenerics Limited
Dale Boyd
Investor Relations
(905) 714-9422
www.bignltd.com
(C) 2005 PRIMEZONE, All rights reserved.
Yes! this one is climbing nicely. Hope people are in before it runs some more.
Anyone know why this stock has decided to move down substantially? There's been nothing but good news.
Are people still holding this dog? The bid moves lower each day. It's down to .02 currently.
Will the stock gift make up for the nearly 33% loss this past week? >:(
I've been holding this stock since 11-21-05 and it has bounced from where it is now up to .03 . It seems it can never make it over .03 but I'm going to hold. With all the news release it has been giving you would think it would move better.
Also this might be a pump and dump stock. With all the volume it gets it wouldn't take much of a move for a pumper to make money if he is buying at the low and selling at the high with a big amount of shares. If the news was real I would think it would move the price higher instead of staying in the range it's been staying but I'm going to hold. I have been in stocks before like this and decided to sell and price went up not long after I sold and kick myself in the butt afterwards. I've learned sometimes you've got to be patient but also got to use wisdom to cut losses.
I will hold this stock unless it drops down to triple digits
Good luck to all holding :)
THIS WAS POSTED ON INVESTORS HUB
Posted by: Ajor1
In reply to: None Date:12/14/2005 11:49:43 AM
Post #of 739
Hydroslotter and BIGN:
Guys/gals I have almost continuously been doing research on this company, as you should have guessed. Other than my mistake of misunderstanding a drilling rig for a workover rig, my info has been fairly accurate.
Also, a new workover rig costs about $1.3 mil. A used refurbished one maybe $0.5 to $0.8 mil. Prices on these rigs is way up. They used to be about $80K used.
I am certain a Russian was back in Russia due to Visa problems for the last 1.5 months and will be back shortly to help with the 2 Grimes wells with Schumberger's workover rig and then 4 more Grimes wells using Hydroslotter's own used an refurb rig that they will be getting after the holidays. These 6 wells (4 we knew about, plus 2 more) should all be done by the begining of Feb 2006.
The hydroslotter technology did come from Russia. It was developed around the time of the Soviet collapse and the Russians who brought it here were not successful in bring in it to fruition.
I'm told the hydoslotting is working extremely well (no surprise there). There is a lot of interest in the hydroslotting.
Skip Taylor is President of CEO of Hydroslotter.
Jean-claude Bonhomme is chairmen of the board.
Jean-claude brought the hydroslotter tech to Skip Taylor's attention.
Less than 20 Hydroslotter shareholders. They are holding their equity aggressively.
Grimes well #1 doing +/- 25 MCF about 400 MCF per day. Expect a news release on the well valuation in the week/s ahead.
Don't expect more than 60 wells hydroslotted in 2006 and about 180-200 in 2007 which averages about 120 wells per year (IR was a bit aggressive with the estimates).
This assumes one crew working at most 10 wells per month (remember, Hydroslotter Inc is just getting started too). Hydroslotting is not exclusive to BIGN, as I understand things. It would be safer to assume two crews workig to do easily 10 wells per month.
BIGN is growing. How fast will it grow? The limitation is money up to 60 wells in 2006. After 60 it is not clear to me what the limitations are. I guess more wells could be drilled in a perfect world, but 60 wells in 2006 and 180-200 wells in 2007 is probably the accurate number.
Bottom line: BIGN is growing and should continue to grow revenues. Things are going great, but not there is aggressive IR going on for BIGN- some of the time-lines as most of us suspected- are too aggressive. As long as BIGN can give Hydroslotter money to drill recomplete wells, things are great between them.
I still find this a fascinating story. And think there is potentially real value in this pink sheet. Only time will tell how things unfold. But expect them slower than you first believed.
If your info does not agree with my info, than it is my belief that you did not ask the right questions and re-ask them as efficiently as you could have.
I stand behind all I've said here. My info is current and of good quality, IMO.
Of course, I won't devulge my source/s at this time.
BIGN: $0.027b
Ajor1
Thanks for the post, margeri. I too am holding long. Bought a bunch in the .028-.032 range. Am down about 30% right now. EliteG indicated potential and bought in, though it appears he has disappeared from this site for the rest of the year. Key support @ .02 and resistance was @ .035 as of Elite's last update, though the resistance level appears to have dropped some these last two weeks, to about .03-.031. Good luck to us all.
It appears to be breaking down. .017 now. What's going on? :P
also holding tight here, waiting for news about these first Wells in Januari.
GLTY
hello,
something very weird today @ bign; i hope somebody can explain me
- average volume is 4,546,440
- today: volume: 62,595 (that about 1000 dollarz)
and minus 21%
are that MM games?
Here is the chart:
I hope somebody can give some comments
thx
Should be an interesting next two days after todays volume. I don't believe I've ever seen it that low since I've been watching BIGN. :-\
So far not bad in the New year. volume is low on the pullbacks. higher in the run ups. this is a good sign, now just stuck between .015 support and .024 resist
Hope this stock begins to do something, getting tired of holding it. Penny stocks they drive me crasy, but I guess that's what's fun of trying to trade them and hope for that big one that could put a big cha-ching in you're account.
Goodluck to all holding :)
Maybe the BIGN Party we have been waiting on, is ready to start.
Give us some more volume that will make us full of confidence.
It's about time this stock begins to go.
nice early morning gap that was filled. so lets see if we can get back over the 50dma
from 0.025 to 0.028
slow but steady
soon there will be some updates on the drilling projects...
buy the rumor,?
Update on the drilling projects this week!
There can be sell-off on the news. I hope hype picks up the stock first to the levels everyone in 3SOF is waiting for.
Dhiraj
Quote from: joozt on January 08, 2006, 12:00:18 PM
Update on the drilling projects this week!
Zero volume today! We need some kind of news to get this moving again.
I think the zero volume for today had a lot to do with the spread. From the open to mid-afternoon, it was .0175 x .03, and for the rest of the afternoon it was .0175 x .025.
I don't think it's much of an incentive to buy when there is a 30 to 42 percent spread between the bid and the ask, which can make for quite a hefty loss if you decide to get out.
If you want to find out what the current quote for the stock is (delayed), click http://www.pinksheets.com/quote/quote.jsp?symbol=bign
Any TA or thoughts on this stock appreciated.
- Dhiraj
I'm still hanging in too. Probably should have sold for small gain when the gettin' was good. Waiting for some news to recover some loss.
big(n) addicts:
FROM RB (i know...)
The news will be that that BIGN is going to become fully reporting. Tyche shares will begin to trade on OTCBB. You will receive 1 Tyche share for every 38 BIGN shares owned. Then, BIGN will merge with Tyche and you will receive another pro-rata share of Tyche for your BIGN share balance. Tyche is supposed to have 40 million shares outstanding after the final conversion.
sounds like pumping, but this will be the thruth!
the BIG BIGN party could be worth the waiting! and YOU can still join at a discount, BIGN @ 0.017!!!
NEWS out:
Dividend
it is 1 Tyche for 30 BIGN
:D ;)
So when does the party start? :'(
2006-01-20 12:01:55
Tyche Energy Inc. Share Dividends to be Paid
>TORONTO, Jan. 20, 2006 (PRIMEZONE) -- Biogenerics Limited (Pink Sheets:BIGN)
announced today it plans for their shareholders to be paid 1 (one) Tyche Energy
Inc. restricted share for every 30 (thirty) Biogenerics Ltd. shares held. Shares
are payable March 24, 2006 to shareholders on record December 20, 2005.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the
Appalachian Basin and owns interests in a number of petroleum and natural gas
leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In
addition to its main operating focus, the Company is actively exploring projects
in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil
and gas reserves in its core area and through the acquisition of under exploited
properties, reserves and companies that will complement its growth objectives.
Tyche Energy's primary long-term goals are to develop a high-level of
sustainable production which can be directly marketed to the expanding Eastern
North American market and resulting in a high-degree of profitability and cash
flow.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on
exploiting and distributing domestic oil and gas reserves. Biogenerics also has
joint venture activities with Tyche Energy, Hydroslotter Corporation and WW
Energy Inc.
Anybody knows what this means for shareholders?
Just a weekly update, this Monday shows good volume already, and a nice % increase as well. not sure how many are still holding but I still have mine from last November, I guess im an investor in this one now
I'm still in from November too. Starting to look good again. :D
Quote from: setravis on January 03, 2006, 03:25:29 PM
Maybe the BIGN Party we have been waiting on, is ready to start.
BIOGENERICS LTD (Other OTC:BIGN.PK) Delayed quote data
Last Trade: 0.028
Trade Time: 10:02AM ET
Change: 0.008 (40.00%)
Prev Close: 0.02
Open: 0.021
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 0.021 - 0.029
52wk Range: 0.01 - 0.25
Volume: 1,762,210
Avg Vol (3m): 2,706,960
Market Cap: 6.22M
P/E (ttm): N/A
EPS (ttm): -0.001
Div & Yield: N/A (N/A)
Anybody has any idea what caused this move?
I have found no news, lets go with someone in the know is loading up because this one will move soon. I like that scenario..
Hmmmm ... do I sell at .03 and break even or hold out for the possible gain?
Technically I would be up if I sold at .03 providing the tyche energy shares are worth something.
I got out at .029 (my entry was .3) with a minimal loss.
I just don't have any patience for pinks anymore (too unpredictable) and I'm pretty happy just to get my money back.
Anybody find any details on Tyche Energy Inc. restricted value ? I will try to contact IR & get some feedback. :)
elr
JANUARY 8th
Quote from: joozt on January 08, 2006, 12:00:18 PM
Update on the drilling projects this week!
Quote from: joozt on January 30, 2006, 03:33:18 PM
i more like the profit that will come with the OIL news this week!
I would like to see some positive news regarding drilling projects but I've been seeing a lot of BIGN pumping on other boards lately. Today might've just been the pump - and tomorrow the dump. I think OneStockMind was smart. We'll see...
News out on BIGN! This should make it move!!!;D
Biogenerics Limited: Tyche Energy Finishes Construction of the Charring Cross Production Facility
February 21, 2006 16:05:09 (ET)
TORONTO, Feb 21, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announces that Tyche Energy Inc. ("Tyche") advises it has completed construction of the production facilities and sales gas pipeline at its Charring Cross property located in Harwich Township, Kent County, Ontario. The production facilities process sour gas from the RPI#7 Harwich 1-1-18-IV WCR well and deliver sweet gas via a 2.1 kilometer sales gas pipeline to a meter site tied into the Union Gas Limited pipeline system.
The RPI#7 well reached a stabilized flow rate of 465 MCFD during the initial production test. Production will commence at a rate of approximately 100 MCFD and will be increased gradually to a daily rate of 200 MCF. Independent industry price forecasts project the price of gas to average between CDN$11.65 and $12.67/MCF in 2006.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil and gas reserves in its core area and through the acquisition of under exploited properties, reserves and companies that will complement its growth objectives. Tyche Energy's primary long-term goals are to develop a high-level of sustainable production which can be directly marketed to the expanding Eastern North American market and resulting in a high-degree of profitability and cash flow.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Biogenerics Limited
Biogenerics Limited
Dale Boyd, Investor Relations
(905) 714-9422
www.bignltd.com
(C) 2006 PRIMEZONE, All rights reserved.
Tuesday, February 21 2006 4:05 PM, EST
Biogenerics Limited: Tyche Energy Finishes Construction of the Charring Cross Production Facility
>TORONTO, Feb. 21, 2006 (PRIMEZONE) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announces that Tyche Energy Inc. ("Tyche") advises it has completed construction of the production facilities and sales gas pipeline at its Charring Cross property located in Harwich Township, Kent County, Ontario. The production facilities process sour gas from the RPI#7 Harwich 1-1-18-IV WCR well and deliver sweet gas via a 2.1 kilometer sales gas pipeline to a meter site tied into the Union Gas Limited pipeline system.
The RPI#7 well reached a stabilized flow rate of 465 MCFD during the initial production test. Production will commence at a rate of approximately 100 MCFD and will be increased gradually to a daily rate of 200 MCF. Independent industry price forecasts project the price of gas to average between CDN$11.65 and $12.67/MCF in 2006.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil and gas reserves in its core area and through the acquisition of under exploited properties, reserves and companies that will complement its growth objectives. Tyche Energy's primary long-term goals are to develop a high-level of sustainable production which can be directly marketed to the expanding Eastern North American market and resulting in a high-degree of profitability and cash flow.
More News! Biogenerics Limited: Independent Contractor Retained to Provide Geological, Geophysical and Management Expertise
Monday February 27, 10:02 am ET
TORONTO, Feb. 27, 2006 (PRIMEZONE) -- Biogenerics Limited (the Company) (OTC BB:BIGN.OB - News) announces that it has signed a Letter of Intent (``LOI'') with Productive Geoscience (``PG'') and Tyche Energy Inc. (``Tyche'') whereby PG and Tyche will provide geological, geophysical and management expertise to explore and develop petroleum and natural gas projects in Canada and the United States.ADVERTISEMENT
The LOI pertains to Biogenerics projects in the states of Arizona, New Mexico, Louisiana, Texas, Arkansas, Oklahoma, Kansas, Colorado, Montana, Utah, California, and all existing and future Tyche projects in Canada for a period of between three (3) and ten (10) years.
Tyche will provide its geological and management expertise for all projects developed within the U.S. Tyche is a Canadian oil and gas exploration company whose senior management has an aggregate of over 75 years of exploration and management experience within the upstream North American oil and gas industry.
PG will provide Biogenerics and Tyche with exclusive use of its proprietary N2Vision technology to assist in exploring the hydrocarbon potential of oil and gas projects in Canada and the United States. The core of the N2Vision technology is a multilayer feed-forward neural network (MFFN) algorithm for pattern recognition. The algorithm is trained to directly recognize hydrocarbons by automatically establishing non-liner relationships between all attributes of the seismic field and data from existing wells. Since 1986, hundreds of exploration wells (mostly wildcats) drilled on locations evaluated with N2Vision technology, have established a predictive success ratio greater than 85%. N2Vision has been utilized for the exploration of key oil and gas fields owned by LUKOIL, YUKOS, SURGUTNEFTEGAS, and TATNEFT. Major customers of N2Vison include Tatneft (NYSE:TNT - News) and Surgutneftegas.
Pursuant to the terms of the LOI, Tyche and PG will earn sliding scale GORR of between three (3%) and five (5%) percent on all successful wells drilled on projects in the U.S. The LOI is the first step to entering into a formal agreement pursuant to which Biogenerics, Tyche, and PG will jointly explore and develop oil and gas projects in Canada and the U.S.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil and gas reserves in its core area and through the acquisition of under exploited properties, reserves and companies that will complement its growth objectives. Tyche Energy's primary long-term goals are to develop a high-level of sustainable production which can be directly marketed to the expanding Eastern North American market and resulting in a high-degree of profitability and cash flow.
Forward-Looking Statements
This press release contains ``forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
Contact:
Biogenerics Limited
Investor Relations
Dale Boyd
(905) 714-9422
www.bignltd.com
--------------------------------------------------------------------------------
Source: Biogenerics Limited
This is taking off right now ... but I'm not sure why.
today's chart. Comparative significant volume happened in that move from previous days.
http://www.pinksheets.com/quote/finance.jsp?symbol=BIGN
BIGN: Q4/05 shows first Net Income profit!
From the 2005 annual and the Q3/05 quarterly reports filed on pinksheets.com.
Income for the full year was $316,124 and for the 9 months ending Q3 was $178,573. Therefore Q4/05 income was $137,551.
Net Income for the full year was $(237,580) and for the 9 months ending Q3 was $(254,301). This means there was an overall decrease in losses for Q4/05, therefore Q4/05 Net Income was $16,721.
The Grimes #1 well coming online in September made BIGN profitable for the first time in Q4/05! Every new well from here on will add directly to the profits! I can't wait to hear the news on Grimes #2 which should be any day which will be followed by Grimes #3, #4...
I have read that they are finally in the process of slotting wells, and that a PR on this and their progress should be out by wed....this is from a shareholder who has visited the site the last week or so. Alot of people have been watching this stock, waiting for some real data to come in, and some have started buying in the last few days. Anyway, if this is all as stated, all should at least monitor BIGN closely....they supposedly have alot of wells to slot, and now that they have started, the progression should move very quickly, and the PR's may do the same....it just may be what we all thought it might be....a BIG mover...we'll see soon enough. ;D
Hey, run. I've been following the IHub BIGN site too. Been holding since last November. Sold off some since then just to reduce risk exposure, as this one has been disappointing since then. Am hoping patience will pay ... Current sitting on 224k shares @ ave .029. GLTA
Same here. It was elite's pick in Nov. I am in @ 0.295. Story remains same: break 0.034 barrier with sustained high volume and you see classic G pattern.
End of last week, some movement with higher volume happened, but yesterday and today, everything seems to be back at same place. ( anemic volume with price pressure downward).
Waiting.
- Dhiraj
With the news: No action: ???
Tyche Energy Inc. Commences Production at Charring Cross Property
March 21, 2006 15:00:17 (ET)
TORONTO, Mar 21, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (the "Company") (Pink Sheets:BIGN) announced that Tyche Energy Inc. ("Tyche") advises it has commenced production at its Charring Cross property located in Harwich Township, Kent County Ontario. The RPI#7, Harwich 1-1-18-IV WCR well was placed on stream at an initial production rate of 72 MCFD at 154 psi flowing wellhead pressure. Daily production rates will be increased over the next week to a targeted daily production rate of 200 MCF.
Tyche holds a 65.00% working interest ("WI") before payout ("BPO") and a 48.75% WI after payout ("APO") of pipeline and facilities construction costs. Natural gas wellhead prices have fallen from recent highs of over CDN$16.00/MCF in October 2005 to CDN$7.83/MCF in March 2006. The latest independent industry price forecasts project gas prices to average between CDN$11.65 (Sproule & Associates) and $12.67/MCF (GLJA) in 2006.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Tyche Energy, Inc.
Tyche Energy operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Elgin, Middlesex, Lambton, Kent, and Essex Counties, Ontario. In addition to its main operating focus, the Company is actively exploring projects in the Appalachian and Michigan Basins.
Tyche Energy's strategy is to grow through exploration and development of oil and gas reserves in its core area and through the acquisition of under exploited properties, reserves and companies that will complement its growth objectives. Tyche Energy's primary long-term goals are to develop a high-level of sustainable production which can be directly marketed to the expanding Eastern North American market and resulting in a high-degree of profitability and cash flow.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Biogenerics Limited
Biogenerics Limited
Dale Boyd, Investor Relations
(905) 714-9422
www.bignltd.com
(C) 2006 PRIMEZONE, All rights reserved.
This friday is March 24th - the day the Tyche Energy share dividend is to be awarded.
Anyone know what the symbol for Tyche Energy Inc. is?
Any speculation as to what the valuation of each share will be?
How long will it take to get the dividend?
How will the shareholders know, if they got the shares? Any notification or stock symbol? No idea of what is going on with this stock.
I have never seen a share like this.. News trickling out like their natural gas pumping. But no interest in market or from investors. Stuck after news at .0215.
Even tomorrow if news is that British Petroleum is buying them for billions of dollars or Natural gas price has risen to 100$, damn stock price will still be stuck there.... BIGN is of its own kind.
FRUSTRATED. Nothing else.
TORONTO, Mar 28, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited's (Pink Sheets:BIGN) strategic alliance partner, Hydroslotter Corporation, is pleased to announce that it has completed its preliminary valuation of the initial Grimes well, which revealed a commercially viable source of natural gas. Accordingly, Hydroslotter Corporation is endeavoring to link the Grimes source to commercial pipelines by April 1st, 2006. Please be advised that the flow rates for the initial Grimes well will be announced shortly hereafter.
Hydroslotter Corporation has also outlined its goal to commence slotting two other wells this week at its Grimes property in an effort to further increase natural gas production. Stemming from the prolific production of natural gas in the Grimes region from years past, Biogenerics and Hydroslotter Corporation have an excellent opportunity to increase natural gas reserves in California and other areas of operation across the United States.
In regard to the update on the stock dividend previously announced, which specified assigning one (1) share of Tyche Energy Inc. to every thirty (30) shares of Biogenerics held by our shareholders as of record December 20, 2005, and payable on March 24, 2006, those shareholders should be receiving their shares within the next two (2) to three (3) weeks depending on the current mailing addresses provided and mailing times.
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy Inc. and Hydroslotter Corporation.
About Hydroslotter Corporation
Hydroslotter Corporation's, proprietary technology deemed "hydroslotting" increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%. Hydroslotter technology is cost effective and for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high.
Forward Looking Statements
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results of Biogenerics Limited may achieve could differ materially from any forward-looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Biogenerics Limited
Biogenerics Limited
Dale Boyd, Investor Relations
(905) 714-9422
www.bignltd.com
(C) 2006 PRIMEZONE, All rights reserved.
QuoteIn regard to the update on the stock dividend previously announced, which specified assigning one (1) share of Tyche Energy Inc. to every thirty (30) shares of Biogenerics held by our shareholders as of record December 20, 2005, and payable on March 24, 2006, those shareholders should be receiving their shares within the next two (2) to three (3) weeks depending on the current mailing addresses provided and mailing times.
What? They're going to mail them?
News, but nothing exciting
QuoteBiogenerics Announces Location of New Head Office
Wednesday April 5, 10:30 am ET
TORONTO, April 5, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announced today the location of its new head office, which will be relocated to 1520 Rice Road, Suite 200, Tyler, Texas, 75703. Not only is the Tyler head office an indicator of Biogenerics growing presence in the oil and gas industry, it also a reflection of the company's growth strategy which focuses on the employment of its strategic partners proprietary technology, such as Hydroslotter Corporation's enhanced oil recovery techniques in existing wells.
The state of Texas currently produces more than three times the natural gas than any other state and its continued energy production remains crucial to the success of the U.S. government's domestic energy mandate. Accordingly, Biogenerics move to Tyler will place the company in a prime position to increase oil and gas production in state of Texas as well as a platform to expand into other surrounding states with the goal of facilitating the U.S. government's domestic energy directive.
About Biogenerics Limited:
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy and Hydroslotter Corporation.
About Hydroslotter Corporation:
Hydroslotter Corporation's proprietary technology deemed ``hydroslotting'' increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%. Hydroslotter's technology is cost effective and for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high.
Contact:
Biogenerics Limited
Investor Relations
Dale Boyd
(905) 714-9422
www.bignltd.com
Huh? I don't get it. Why would paying the dividend on the original date have resulted in dilution?
Bleh, I don't care. I just want my dividend and the share price to get back up around .03 again so I can minimize my losses.
QuoteBiogenerics Announces New Record Date for Special Dividend
Wednesday May 3, 4:15 pm ET
TYLER, Texas, May 3, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News), regarding the previously announced dividend and subsequent discussions with the NASD, announces that certain components of the Tyche transactions could not be completed in time to meet the 10-day notification requirement under SEC Rule 10b-17 and still maintain the record date for the Special Dividend previously announced as December 20, 2005. If Biogenerics were to maintain the record date of December 20, 2005 certain closing transactions not completed at this time would have caused substantial shareholders dilution if closed after the ex-dividend date.
Biogenerics has informed the NASD that it would delay the record date for a short period of time in order to complete all aspects of the Tyche transaction before the special dividend payout to insure its objective of long-term shareholder value. Biogenerics accounting advisors have now determined that all components of the Tyche transaction have been completed in its entirety to comply with all aspects of SEC Rule 10b-17. The new record date for the Special Dividend will be on May 19, 2006 with a payment date of June 2, 2006.
Biogenerics CEO Gary Kelley stated, ``While Biogenerics understands that its shareholders are anxious for this transaction and special dividend to conclude, Biogenerics did not feel by keeping the record date of December 20,2005 and declaring the dividend would have provided short-term satisfaction to most shareholders; the same shareholders would have been deeply affected long term by having certain closing conditions conclude post dividend, decreasing long-term shareholder value and/or increased dilution.'' Biogenerics is confident that this short-term postponement of the record date has benefited shareholders long-term value for both Biogenerics shareholders and future holders of the Tyche common stock.
For further information: http://www.bignltd.com
My wish might be coming true. Up 30% to .026 8)
Finally, BIGN.PK is heating up!
Tomorrow green? Some after hours news.
BIGN Biogenerics Limited Announces 2nd Grimes Well is Online
PrimeZone Media Network - May 8, 2006 4:05 PM (EDT)
TYLER, Texas, May 8, 2006 (PRIMEZONE via COMTEX) -- Biogenerics, Limited (Pink Sheets:BIGN) is pleased to announce that Ophelia 1 is the second of four gas wells to go online from its Grimes property in California. After its initial serge, production reports indicate that, after three weeks in operation, current flow rates for Ophelia 1 have stabilized at 1,450 mcfd.
Ophelia 1's initial yields represent a significant success for Biogenerics and their strategic alliance partner, Hydroslotter Corporation, in returning the Grimes region productive prominence. Numerous wells in the Grimes region were shut in nearly two decades ago with production from Ophelia 1 ceasing in 1989.
Biogenerics Limited is also pleased to announce that Mr. James Lancaster of Tyler, Texas has joined the board as Director and CEO. Mr. Lancaster brings 30 years of experience in various business ventures, primarily oil and gas.
"I have always been excited at the potentials of the Hydroslotting technology," stated the newly appointed CEO of Biogenerics Limited, "However, without the rigorous effort put forth by our excellent staff of professionals, it would have been extremely difficult to get Ophelia 1 online in such a stringent timeframe. On an additional note, we are also looking forward to getting the two remaining wells in the Grimes gathering system online in the very near future."
About Biogenerics Limited:
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy and Hydroslotter Corporation
About Hydroslotter Corporation:
Hydroslotter Corporation's proprietary technology deemed "hydroslotting", increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%. Hydroslotter's technology is cost effective and for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high.
Website: http://www.bignltd.com
HEY ;D 1450mcfd....great numbers finally!!!! I have thought of selling this many times, and even had orders in to sell that didn't kick out. Thank God for that!!! ;D This BIGNews should just be the beginning, hopefully of what they planned to start happening several months ago. Perhaps, what everyone saw then as enormous potential will now come to fruition. I may buy more myself...this could go to DA MOON....and, of course, it might not. ;D
Here's some news released this morning.
Biogenerics' Head Office Now Fully Operational
Wednesday May 17, 11:00 am ET
TYLER, Texas, May 17, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announced today that its head office in Tyler, Texas is up and running and now fully operational. The company also stated that newly appointed Director Mr. James Lancaster is currently, with due diligence, evaluating several projects in the oil and gas sector. Pertinent information regarding these projects will be passed on as soon as it is made available.
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Biogenerics Limited, because of previous delays, also confirms that the record date of May 19, 2006 for the Tyche Special Dividend is on schedule and will follow with the payment date of June 2, 2006 as mentioned in the May 3, 2006 press release.
About Biogenerics Limited:
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy and Hydroslotter Corporation.
About Hydroslotter Corporation:
Hydroslotter Corporation's proprietary technology deemed ``hydroslotting'' increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%. Hydroslotter's technology is cost effective and for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high.
Website: http://www.bignltd.com
Forward-Looking Statements
This press release contains ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Source: http://biz.yahoo.com/pz/060517/99298.html
More news out today. Looks encoraging, but they don't definitavely say anything.
Biogenerics New CEO Updates on Grimes Project and Future Plans
Thursday May 18, 2:02 pm ET
TYLER, Texas, May 18, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announced that newly appointed CEO James Lancaster has submitted a recent assessment of the company's progress with Hydroslotter Corp. in the Grimes and some of his visions for the company's future.
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As reported earlier, joint venture partner Hydroslotter has completed slotting on a second well, Ophelia 1, with current flow rates of 1450 mcfd. Hydroslotter encountered significant delays due to excessive weather conditions in the Grimes region. Biogenerics is pleased to say that these conditions have cleared and complications have been resolved. The company is now continuing with two other wells.
Management has been informed that the two wells slated to be worked on should yield close to the same flow rates as Ophelia 1. On average these wells have a flow expectancy of approximately 10-15 years. It is expected that these wells will be completed in a 2-3 week period. Biogenerics has targeted several other potentially lucrative wells in the Grimes region to be slotted in the near future.
As the company's head office is now fully operational, it is considering the possibility of changing the company name to better reflect the market it is focusing on. ``We appreciate the name submissions from our shareholders and we will make a decision soon. It is my goal to continue to pursue economically sound acquisitions in the oil and gas sectors and to ensure that these projects are completed in a timely manner. I am thrilled to join the company at such an exciting time and I will endeavor to provide firm leadership doing my best to keep our shareholders up to date regarding company progress,'' stated Lancaster.
About Biogenerics Limited:
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy and Hydroslotter Corporation.
About Hydroslotter Corporation:
Hydroslotter Corporation's, proprietary technology, deemed ``hydroslotting,'' increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%. Hydroslotter's technology is cost effective and for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high.
Website: http://www.bignltd.com
Forward-Looking Statements
This press release contains ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
More encouraging news out. Am I the only one still in this?
Biogenerics Outlines Acquisition Program
Tuesday May 23, 9:00 am ET
TYLER, Texas, May 23, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announces it has entered into a Letter of Intent to purchase the assets, operations and all oil/gas leases from an East Texas operator and drilling company which has been in the oil industry for over 30 years. The agreement is expected to be signed within 72 hours.
After proper due diligence is performed, Biogenerics will have three options available regarding this transaction:
1) The company can purchase the assets, operations, personnel,
existing mineral leases and existing 250 producing wells
in the East Texas Oil Field.
2) Biogenerics can elect to invest with this company in
150 re-work wells in the East Texas Oil Field.
3) The company can also elect to invest collectively in 12
wells to be drilled in West Texas. This company currently
employs 70 people, has its own rework rigs and drilling
rig, plus several years of experience in oil field
operations and management.
ADVERTISEMENT
Biogenerics management is gearing up to purchase the entire operations of this company, which includes the wells mentioned in options (2) and (3). If the company's due diligence proves this transaction to be viable, then the result will be that Biogenerics has purchased proven reserves of 10.4 million bbls of oil which has historically graded out at the 42 gravity level, plus the opportunity to prove up and own another 15 million bbls of oil reserves. The daily production of existing wells in the East Texas Oil Field being acquired is estimated at 275 bbls/day. This will be a major step for the company and will place it as a major operator in the oil industry in the State of Texas and surrounding areas.
The company anticipates this deal should close within the next 120 days. Financing for the transaction is being researched with commitments for financing being obtained from three lending and investment sources.
Newly-elected CEO James Lancaster was instrumental in bringing this opportunity to the company. He stated, ``My first direction for the company was to place it into a position to be a major player in the oil industry and to supply it with the tools and personnel to do so. This opportunity, if realized, will do just that. Not only will it provide us with a well known name in the industry as an operating company, but the experienced personnel that come with this transaction will add to our ability to be a major player in the oil industry.''
The current owner of the company being purchased has agreed that if this transaction closes, he will become a member of the Board of Directors of Biogenerics for a period of two years in order to help guide the company in its quest to be a major oil industry company. ``We welcome this opportunity and hopefully will find in our due diligence procedures that Biogenerics can take advantage of.'' Lancaster further stated that ``Management is looking at other lease and investment opportunities at this time. These include a 600 acre lease in Texas, 6 gas wells in West Texas, 110 acre lease in East Texas and other opportunities as they present themselves.''
Website: http://www.bignltd.com
Forward-Looking Statements
This press release contains ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
No i'm still holdign this one :)...finally starting to go higher..hopefully will continue over the short term.
gl
julia
More news out. This one's starting to heat up!
Biogenerics Ltd. Negotiating to Purchase Existing Oil Lease Near Quitman, Texas
Wednesday May 24, 9:02 am ET
TYLER, Texas, May 24, 2006 (PRIMEZONE) -- Due to the positive reception of yesterday's announcement by Biogenerics Ltd. (Other OTC:BIGN.PK - News), James Lancaster, CEO, commented, ``It appears the market has recognized the potential this company and its positioning in the oil industry. Other opportunities are being presented to management, which are being evaluated for consideration and management is actively negotiating with possible lender/investor groups to provide Biogenerics with sufficient capital to take advantage of the selected opportunities that may arise.''
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He further added, ``The Company is issuing an LOI for the purchase of an existing oil lease near Quitman, Texas. The field and opportunity was presented to the company by the geophysical engineering firm that is being retained to do the due diligence on the acquisition that was the subject of the company's press release yesterday.''
Lancaster further noted, ``This opportunity requires an investment by the company of approximately $1.5 million for purchase of the lease, improvements to the lease, reworking existing wells, drilling of injection wells and drilling of new wells to remove the reserves estimated, and is projected by the engineering firm to be an opportunity to return 634,800 recoverable barrels of oil over the life of the lease. Based on engineering projections, the potential internal rate of return to the company's investment discounted to present value at 10% of 47.21% with a payout of 3.04 years. The life of the lease is estimated at 19.25 years.''
Lancaster concluded by stating, ``These are the kinds of business opportunities that will become available to Biogenerics on conclusion of the purchase of the drilling and operating company announced earlier yesterday. Details will be released as they become available.'' For further information: http://www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
Forward-Looking Statements
This press release contains ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
More News! The CEO told us to expect this, but it's nice to see he's put his money where his mouth is, so to speak.
Biogenerics Limited Completes Letter of Intent With Texas Oil Company and Expands Assets Within the L.O.I.
Thursday May 25, 3:32 pm ET
TYLER, Texas, May 25, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announces that James Lancaster, CEO, has confirmed the execution of the Letter of Intent by all parties, that pertains to the purchase of assets, leases, contracts, agreements and oil reserves, of the East Texas operator.
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Lancaster stated, ``This transaction will bring to the company a presence in the oil industry that is highly respected -- an operation with a substantial positive cash flow, ownership in over 200 currently producing wells generating over 7,300 bbls/month of crude oil, leases with an estimated 21.84 million bbls/oil in proven reserves, drilling sites for 12 new wells, with a potential for a substantial reserve position in oil and gas. Further, 125 well sites to rework and capitalize the oil production from in the existing field, and equally important, a fully operating exploration/drilling company with a highly regarded reputation in the industry in Texas which will allow the company to do its own drilling, rework and management of wells.''
Lancaster continued, ``This is the foundation stone being laid for the Company to gather and amass substantial holdings in the oil/gas industry. Today, it is difficult to get a drilling company to perform new well services in less than nine months. This acquisition gives our Company the ability to do its own drilling procedures without reliance upon any other party. That is a definite plus in this industry today.''
The Letter of Intent requires the Company to clear its due diligence on the purchase within 30 days from the above date, enter into final agreements and close the transaction within 60 days of today's date. The Company has already held meetings with its lenders and investment firms and expects it will complete the financing of this acquisition within the time frame of the Letter of Intent. Lancaster concluded by saying, ``Even though my 30 years of business experience was not totally in the oil industry, the contacts I have made in the East Texas oil industry have made this opportunity available to the Company. Hopefully, we will see this transaction come to fruition and the results of the positive cash flow from this operation will impact the Company's financial reporting by the last quarter of this calendar year.''
i like this kind of stocks :) will be looking to it
Quote from: setravis on November 29, 2005, 06:15:49 PM
Quote from: ket1390 on November 19, 2005, 12:34:39 AM
Yes. Let the monster out of the cage! For a friday not bad:) Watch next week !
BIGN PARTY! :o :o :o
Is it Party time yet?
I got this party invitation from ket1390 ;D
Had so many other things to take care of the last 2 days it has been hard to be with you all here @ 3SOF.
I made a small buy today.I think EliteG "The Stock Wizard" finished with the rise spell he had to put on it. ;)
As EliteG said, the calm before the storm.
Took just a little time for the storm to arrive.
And as others stated ....The BIGN Party!
Volume: 23,805,459
Avg Vol (3m): 4,559,660
Formed a double bottom reversal pattern, and then move somewhat nicely
from the pattern.
Double Bottom (Reversal) Pattern
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in between.
Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.
It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.
Seeing as how this stock doubled last week, what do you all think or expect it to do in the comming week?
Looking better and better!
Biogenerics Board of Directors Approves Third L.O.I. to Purchase Oil and Gas Properties
Tuesday May 30, 8:30 am ET
TYLER, Texas, May 30, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announces that it is issuing a Letter of Intent to purchase the operating wells known as the Wood and Camp County Properties. Currently the properties produce a combination of crude oil, natural gas and condensate.
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This prospect will allow the company to purchase the existing working interest in 32 operating wells. The deal includes sites for 4 additional producing wells, plus a plan to rework existing well sites. The total project is estimated to cost the Company $5.5 million and is expected to bring an asset valued by the Registered Professional Engineering firm of $12.5 million.
The Board of Directors feels this project is certainly worth management efforts to determine its viability. Incorporated with the other potential purchase which was the subject of the Company's latest press release, Biogenerics endeavors to add critical mass that is synergistic to the Board's business plan. James Lancaster, CEO, stated that, ``This acquisition will enhance the operations of the other company and add value to oil assets. With the ability to spread operating cost over a larger base of revenues, BIGN continues on its path of amassing oil and gas assets under its control.''
He concluded by stating,``When these acquisitions are completed, the company will settle into a business mode of exploiting its own leases to develop their best potential for future oil and gas revenues. Much has been done in a short period of time and I am pleased with the efforts of management realizing the significance this can bring to Biogenerics Limited and look forward to seeing it come to pass.''
Website: http://www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy and Hydroslotter Corporation.
News:
Biogenerics Limited Announces WW Oil & Gas Signs Letter of Intent to Acquire Significant Oil and Gas Assets
Thursday June 1, 8:30 am ET
TYLER, Texas, June 1, 2006 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announced today that its 50% owned subsidiary, WW Oil and Gas, has authorized management to issue a Letter of Intent (LOI) for the purchase of 1,000 acres of oil/gas lease land. The lease land will include 48 producing gas wells generating 1,200 mcf/day of gas averaging 25 bbls/oil per day in condensate quality.
The transaction includes a 35-mile pipeline with all right-of-ways which connects to a major trunk line for the sale of the operation's daily gas production. The pipeline is also used to collect, on a fee basis, gas from six other producing gas fields in the area.
James Lancaster, Biogenerics' CEO stated, ``The monthly revenue stream is estimated to be over $270,000 per month from this property. Upon completion, the deal will provide the personnel to manage, drill and rework the other well sites on these properties which will in turn maximize the production revenue of future explorations projects.''
is this gettin ready again or what...broke downtrend line connecting highs for the past 4 months...also broke and closed above 20, 50 and 200 MA.
now what? we'll see the next few days...volume should get stronger...and pps should continue to appreciate. ;)