Biogenerics Issues Correction to Cubic Feet Per Day on Recently Reported Results on Target Well in Northern California; Initial Production at 800 Thousand Cubic Feet Per Day versus Previously Reported 800 Million Cubic Feet Per Day.
TORONTO -- With Gas at $7 Per Cubic Thousand Feet Production Could Generate $5,600 in Gross Revenue Per Day or $2,044,000 Per Year
Biogenerics Limited (OTC OTC
See over-the-counter market (OTC). :BIGN), today announced that is partner, Hydroslotter Corporation reported that several open flow tests on its target well in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern have determined conclusively that initial production will exceed 800 thousand cubic feet per day (MCFD MCFD Ministry of Children and Family Development (British Columbia, Canada)
MCFD thousand cubic feet per day
MCFD million cubic feet per day
MCFD Malta College of Family Doctors
MCFD Multiple Coagulation Factor Deficiency ). With gas prices at approximately U.S. $7 per cubic thousand feet, the initial production would garner gross revenues in excess of $5,600 per day or $2,044,000 per year.
Looking Forward Statements:
This press release contains "forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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.