CORRECTION FROM SOURCE: OMDA Oil and Gas, Inc Announces Sooner Than Expected Gas Production Results.Energy Editors/Business Editors OIL CITY, La.--(BUSINESS WIRE)--Nov. 25, 2003 Specialized service company hired to work Omda's primary gas producing leases ahead of schedule. OMDA OMDA O Melhor Dos Animes OMDA Operation Management and Development Agreement (India) OMDA Ontario Mirror Dinghy Association (Canada) OMDA Operations Maintenance and Development Agreement Oil and Gas, Inc., an oil and gas production company (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .PK:OMOG), announced today that the specialized service company they had recently retained, Thrash thrash - To move wildly or violently, without accomplishing anything useful. Paging or swapping systems that are overloaded waste most of their time moving data into and out of core (rather than performing useful computation) and are therefore said to thrash. Oil Field Specialty Company ("Thrash"), a specialized gas production service company has been turning on wells during this last week at a very fast pace. The company's two largest leases being focused on so far are the Muslow Four Star and Muslow M&M, in Oil City, Louisiana Oil City is a town in Caddo Parish, Louisiana, United States. The population was 1,219 at the 2000 census. The town was represented in the Louisiana House of Representatives from 1988 until 2006 by the Democrat Roy McArthur "Hoppy" Hopkins (born 1943), a former Oil City . Gas production under Thrash commenced earlier last week and will continue for approximately 90 days. Following the completion of well service on the two Muslow leases, the Company intends to have Thrash focus on certain additional leases in which the Company has an interest. The preliminary figures so far are approximately 100,000 cubic feet of new gas production per day. "We're finding that we're turning on wells faster than anticipated," stated Sammy Thrash, President of Thrash. " We're also looking forward to working on the rest of Omda's leases as soon as we finish with the ones we have started on." Adam Barnett, Chairman of the Company, couldn't be more pleased with these recent results." I expected big things from Thrash but these figures after one week are amazing. The new gas production since last week alone eclipses the entire revenue to the Company from all sources during any single month for our 2nd quarter of this year. I eagerly anticipate seeing what the revenues could grow to for the rest of the 4th quarter which ends January 31st of 2004." Photos of several of the lease sites and equipment are now available on our web site under the "Projects" link. This release includes forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the 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 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. About OMDA Oil and Gas, Inc. OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas. Of the Company's 35 leases, 16 currently have at least one producing well with an aggregate of over 100 currently producing wells. |
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