Biogenerics Inc Announces That 2021877 Ontario Inc. Will File Articles of Amendment to Change the Name of the Company to Tyche Energy Inc.TORONTO -- Biogenerics Inc. (the Company), (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BIGN) announces that 2021877 Ontario Inc. will file Articles of Amendment to change the name of the company to Tyche Energy Inc. Tyche Energy Inc. has advised the Company that it plans to drill an exploratory well on a new Silurian sandstone play in Southwestern Ontario Southwestern Ontario is a region of the Canadian province of Ontario, centred on the city of London. It extends north to south from the Bruce Peninsula on Lake Huron to the Lake Erie shoreline, and east to south-west roughly from Kitchener to Windsor. . Recent developments in this play have led to the discovery and development of a significant gas reservoir gas reservoir In geology, a naturally occurring storage area, characteristically a folded rock formation, that traps and holds natural gas. The reservoir rock must be permeable and porous to contain the gas, and it has to be capped by impervious rock in order to form an exceeding 10 bcf recoverable sweet gas reserves. Flow rates from wells completed within the "type" reservoir had initial flow rates in the 2 to 4 mmcf/d range. Drilling of the previously announced development well at the Charring Cross project has been deferred and negotiations are under way to pool lands necessary to create a production spacing unit for the RPI RPI - Rockwell Protocol Interface #7 Harwich 1-1-18-IV WCR WCR Women's Council of Realtors (since 1938; Chicago, Illinois) WCR Warren Commission Report WCR Working Capital Requirement (finance) WCR Wheelchair Ramp WCR West Coast Repository WCR Whole-Carcass-Rinse well. This well tested gas at a stabilized rate of 465 mcf/d from a shallow Devonian reservoir. Construction of a sales gas pipeline at the Charring Cross project is nearing completion. Engineering design and sourcing of sweetening facility necessary to deliver pipeline quality sales gas is currently under review. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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. |
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