3StocksOnFire — US Stock Trading Community · 451+ trades · 257% returns · 15,000 members · Main Site · Trader's Guide · Articles · Video Analyses
3 Stocks On Fire
3StocksOnFire Community Forum
Home Message Boards Trader's Guide Articles Video Analysis About Us Search Register

BIGN.PK

Started by saffeysite1, May 25, 2005, 12:00:54 AM

Previous topic - Next topic

gmarc66

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

runforthedoor


   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

somebody041

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.
ADVERTISEMENT


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





somebody041

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.
ADVERTISEMENT


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.

somebody041

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.



gmarc66

No i'm still holdign this one :)...finally starting to go higher..hopefully will continue over the short term.

gl

julia

somebody041

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.''
ADVERTISEMENT



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.

somebody041

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.
ADVERTISEMENT


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.''

lovethebag


i like this kind of stocks :) will be looking to it

setravis

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.



"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

somebody041

Seeing as how this stock doubled last week, what do you all think or expect it to do in the comming week?

somebody041

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.
ADVERTISEMENT


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.


somebody041

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.''


vic666

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.  ;)

Long term investments are short-term investments that have gone wrong.