Omega Ventures Group Inc. Subsidiary Western Gas Corporation Announces Start of Work on Well in Goliad County, Texas.Energy Editors/Business Editors SALT LAKE CITY--(BUSINESS WIRE)--March 3, 2004 Publicly traded Omega Ventures Group Inc. (Nasdaq:OMGV.OB)Subsidiary Western Gas Corporation announces start of work on well in Goliad County, Texas Goliad County is a county located in the U.S. state of Texas. As of 2000, the population is 6,928. Its county seat is Goliad6. Goliad is named for the Mexican Municipality of Goliad, which in turn is named for Father Miguel Hidalgo; "Goliad" is an anagram of Hidalgo, . The operator (P.B. Energy Partners Ltd.) has informed Western Gas Corporation of the following: RE: MANAHUILLA CREEK PROSPECT We are pleased to provide the following update of our Manahuilla Creek Prospect in Goliad County, Texas as follows: 1. All the funds have been submitted from the recent cash call from the partners ($600,000.00). 2. Site preparation including construction of 300 feet of gravel roadbed road·bed n. 1. a. The foundation upon which the ties, rails, and ballast of a railroad are laid. b. A layer of ballast directly under the ties. 2. The foundation and surface of a road. , pressure testing of the saltwater disposal well, and creation of a containment pit is underway. 3. A turnkey drilling contact with EDDE EDDE Aerodrome Erfurt, Germany DRILLING has been signed and EDDE has confirmed that drilling should commence immediately following completion of their current project, which is expected to be around March 10, 2004. Additionally, we are please to report that EDDE is sending a recently constructed, brand new drill rig with their most competent drilling crew, experienced in handling over-pressured drilling and completion program. 4. While the turnkey price is slightly higher (10%) than our original AFE (Apple File Exchange) An earlier Macintosh utility that converted data files between Mac and PC formats. It also included a file translator between IBM's DCA format and MacWrite. cost we feel that given the potential of the discovery the reduced exposure to risk far outweighs the cost of a turnkey contract. 5. At the recent NAPE nape (nap) the back of the neck. nape n. The back of the neck. nape the back of the neck. Called also nucha. Conference in Houston we were fortunate to meet Tom Ewing, perhaps the foremost authority of the Yegua Trend along the Gulf Coast. Tom was kind enough to provide us with the enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. map showing the location of a number of very large gas fields along the same trend within which our Manahuilla Creek anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. is located. Significantly this map(1) provides further validation of the potential magnitude of our play. (1) The map can be viewed on our website at: http://www.westerngascorporation.com//pdf/MannMapMarch.pdf Western purchased a 2.5% Participation Interest and a net revenue interest of 1.875% of 75% of the well upon completion. The cost was $7,500.00 and two cash calls for a further $15,000.00 in total. P.B. Energy expects drilling to a depth of 6,800 feet on this prospect. Further updates will be published as work progresses. By the Board of Directors Omega Ventures Group Inc. Investor Relations Investor relations The process by which the corporation communicates with its investors. - Roger Reynolds American composer and teacher at the University of California at San Diego Roger Reynolds was born July 18, 1934 in Detroit, Michigan. He received an undergraduate degree in engineering physics from the University of Michigan and was a founding member ONCE Group with Robert Ashley. Suite 1600 - 136 East South Temple Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , 84111 Tel: 801-363-2599 ContactUs@OmegaVenturesGroup.com www.OmegaVenturesGroup.com The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such works as "may", "will", "believes", "anticipates", "estimate", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Omega Ventures Group, Inc. |
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