Mid America Oil & Gas Featured as Larry Oakley's Weekly Stock Pick.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 8, 2002 Mid America Oil & Gas Inc. (Pink Sheets:MAOG) is featured in "Larry Oakley's Weekly Stock Pick" editorial column at www.WallStreetCorner.com. Oakley says: "I have looked at many oil & gas companies, but have covered very few. MAOG is an exception. I interviewed CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Peter Mongeau & am impressed. I like his conservative approach. Best of all, I like the large gross profit the company's shallow wells provide -- MAOG sells its oil for about $27/barrel & its production costs to get it out & ship it come to only about $9.00/barrel. "Because MAOG is at an early point in its history, it is isolated from those oil & gas companies that have been subject to downward share price pressure. Just three examples (as I write this 10/2/2002) that are trading near their 52-week lows are: Frontier Oil Frontier Oil NYSE: FTO, begun in 1949 as Wainoco Oil, is an energy company with its headquarters located in Houston, TX and its subsidiary company, Frontier Refining & Marketing, Inc., located in Denver, CO. (NYSE NYSE See: New York Stock Exchange :FTO Noun 1. FTO - a political movement that uses terror as a weapon to achieve its goals foreign terrorist organization, terrorist group, terrorist organization ) @ 12.42 (52-week: 11.47-22.75); Wiser Oil Co. (NYSE:WZR) @ 3.00 (52-week: 3.00-6.85); & Beta Oil & Gas Inc. (Nasdaq NM:BETA) @ 1.35 (52-week: 1.11-6.52)." He concluded: "I like MAOG's approach -- in my opinion, it should result in solid long-term growth, & getting in at this early time represents an opportunity to take advantage of MAOG's greatest growth." About WallStreetCorner: www.WallStreetCorner.com was formed three years ago by Larry Oakley as a venue for his Conservative Speculator Speculator A person who trades (i.e. derivatives, commodities, bonds, equities or currencies) with a higher-than-average risk, in return for a higher-than-average profit potential. newsletter, published since 1987. WallStreetCorner, including Oakley's "Weekly Stock Pick," "Opinion," and "Mid-Week Comment" editorial columns, is now regularly read by investors in 61 countries. About Mid America Oil & Gas: MAOG has 600 acres in Medina County Medina County is the name of several counties in the United States:
Forward-looking Statements in this release are 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks. |
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