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[SIDOL]

ISIN: US67087W1045 ======> US-Symbol: OMOG


OMDA Oil and Gas, Inc. Announces Completion Attempt Underway on Natural Gas Wells

Houston--(BUSINESS WIRE)—September 7, 2005

OMDA Oil and Gas, Inc. (OTC.PK:OMOGhttp://finance.yahoo.com/q?s=OMOG.PK ), an oil and gas production company announces, as anticipated in yesterday`s newsletter, that the service and completion rig and crew have now arrived on location at the Young Oil Project in Tennessee. This rig and crew will begin operations this week on the first three drilled and logged gas wells. Results from analysis of ``cuttings`` during drilling and subsequent electronic logging have indicated commercial quantities of natural gas in up to three zones in two of the wells and two zones in the third well. The common zones in all three are the Fort Payne and the Monteagle. The logs indicate that there is a combined excess of 40 feet of primary pay thickness in each well. Completion attempts in these two zones will be conducted in the traditional manner, which will involve cleaning and stimulating the wells with acid, testing the wells, and ultimately tying them into the recently completed area pipeline. Additionally, two of the wells show large sections of a natural gas-bearing shale. This type of shale would historically indicate a ``tight`` non-commercial zone; however, due to high natural gas prices, these types of zones have recently proven successful and have been commercially exploited using relatively expensive modern ``fracing`` techniques. Once the Fort Payne and Monteagle are fully tested, the partners are considering completion attempts in the immensely thick shale layer of the wells.

It is currently anticipated that the rig and crew will stimulate and attempt completion in the two primary zones of each of the three wells. This process will be completed over the next week to 10 days. As each well is completed, results will be published either in the company`s weekly newsletter or by press release. More information about the 46,000-acre Young Oil Project including pictures and videos can be found on the Company website in both the ``Projects`` and ``Investor Information`` sections. The web address is http://www.omogoil.com.

The company also announces a preliminary joint venture update. The company is actively pursuing additional joint venture opportunities with several oil and gas companies in the United States and Canada. OMDA Oil and Gas has spent the past several months in meetings and negotiations bringing these potential partnerships to near fruition. These joint ventures will include partnerships in producing and non-producing wells. OMDA will also have right of first refusal on some of these companies` top prospects, as well as any subsequent acreage that may be added at a later date.

Adam Barnett, chairman of OMDA Oil and Gas, stated, ``With the completion rigs at the Young Oil well sites and with the huge potential of our other projects, I could not be more excited about OMDA`s future. I believe that some of OMDA`s most exciting current projects center around their heavy natural gas exposure. These include the above-mentioned Young Oil Project, as well as our extremely exciting Patroon prospect. Patroon`s third party Reservoir Engineering Reserve reports indicate that 80 percent% of the massive potentially recoverable reserves are gas. We are scheduled to begin drilling the Patroon project over the next few weeks. Natural gas prospects have been considered almost the industry`s `step child` in regards to investor thinking. This attitude is rapidly changing; however, as importing natural gas from places such as the Mid-East grows more and more expensive. It is also important to understand the potential of gas prices in the face of impending shortages due to the fact that there is no natural gas equivalent of the `Strategic Petroleum Reserve.` These price rises can currently be witnessed by the recent anomaly of a reversal of BTU equivalent pricing of natural gas versus oil. Oil has historically traded as high as a 30 percent premium to natural gas using the traditional 6,000 BTU of gas to one barrel of oil formula. At the current pricing of $12 per thousand BTU (or MCF approximate equivalent), gas is now valued at $72 per barrel of oil equivalent.``

Barnett went on to say, ``As I have stated many times, we can not become complacent. We must always explore other deals and investigate possible joint ventures. The management teams of the prospective joint ventures mentioned above have already shown bold interest in working with OMDA on some of our current projects. We are also enthusiastic about participating in these companies` endeavors, which could include several producing wells in the Texas area.`` Barnett added, ``I believe the time-line for the launch of at least one of these joint ventures could be as soon as late next month. We are currently performing the necessary due diligence concerning their current and future projects, while allowing them to fully understand the vast opportunity here at OMDA. We are very excited about diversifying our revenue streams and harvesting these untapped oil and gas opportunities. Even though these partnerships are in the preliminary stages, I felt it important to share their progress with our shareholders. It is important to understand that OMDA is consistently searching for beneficial and profitable projects, and we believe that these opportunities, combined with our own projects, will make the next few months the most exciting and productive in the company`s history.``

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc and it`s wholly owned subsidiary`s, OMDA Oil & Gas Management, Inc and Texas OMDA Drilling & Operating, Inc are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 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 effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact:
OMDA Oil and Gas, Inc.
Investor Relations, 800-621-0113
[e-mail]
www.omogoil.com

[geriull]

Schaut euch das mal einer an!

wieder neue nachrichten... erste produktion geht los!
weitere 2 gas"brunnen" folgen!
noch diese woche sollen neue news kommen!

Houston--(BUSINESS WIRE)—September 30, 2005

OMDA Oil and Gas, Inc. (OTC.PK:OMOG), an oil and gas production company, through its Chairman, Adam Barnett, announces an update on its Young Oil Project. The operator has informed the company that the Gernt Estates #15 well has been tested and dually completed in the Fort Payne and Monteagle formations. These are the traditional zones in the area. The well is now being stubbed into the transport line and is expected to begin producing at an initial daily rate of 40 mcf in the next few days. Based on historical information about this area and thickness of the pay zones, Young expects this rate to initially increase as the well ``cleans`` itself by producing. They also expect ultimate recoverable reserves of 250 million cf from this well alone. Natural gas wells in this area tend to be very long lived with some producing over 20 years. If the well just maintains this level and does not show an increase, OMOG should receive its initial investment back on its 20% interest (15% net) in some eight months with an additional five to seven times return on investment over the life of the well. These estimates are based on current natural gas prices.

As mentioned in our Sept. 7th announcement, this was the first of three gas wells drilled and awaiting completion with Young in this first phase. Two of the three wells also have large sections of Natural Gas bearing shale. The Gernt Estates #15 is one of those two wells. Completions in the shale require a more aggressive ``fracing`` technique, which carries an additional cost beyond the original ``turnkey`` arrangement. Young and others have only recently begun experimenting with shale completions in other area wells, but they have reported very encouraging preliminary results. Due to the large thickness of the shale, it is very likely that a completion attempt will be made on this well; however, no firm decision has been made at this time. Should shale completions be successful, then a significant increase in both daily production and recoverable reserves would be expected. The second well is scheduled to be tested next week. The last remaining well will be stimulated next week and tested the following week. Results will be announced when they are received.

Patroon, Shelby County TX Update
Prior to Hurricane Rita`s arrival last week, OMDA was notified by Texas Land & Producing (TLP) that its long awaited date for rig arrival on this exciting natural gas prospect was about to come to an end. At that time, OMDA was informed that the rig was to be ``Over Hole`` by this weekend; however, the eye path of Rita went straight through the western counties of Texas including Shelby County. Trees and power lines are down throughout the area. Due to the heavily wooded nature of the area, power may remain out for another month in most of these counties. TLP has informed management that outside power is not required to drill the well; however, access to the area and crew availability would delay the spud date, but for no more than two weeks. TLP is planning to survey the area today and will report their findings to us as soon as possible. OMDA will announce these findings, along with the new expected spud date, next week either in a press release or in the company`s weekly newsletter. These weekly newsletters can be accessed on the company website at http://www.omogoil.com .

Adam Barnett, Chairman of OMDA Oil & Gas, stated, ``I know the seemingly endless drilling and production delays have frustrated us all, but with the successful completion of this first Young well and imminent spudding of Patroon, it now appears our patience will be greatly rewarded. When we first committed and paid for our participation in these known natural gas prospects, the price of natural gas was in the $6-7 per mcf range. As of the close yesterday, the price of natural gas has more than doubled to $14.20 btu (mcf) and $15.00 btu (mcf) on the November and January contracts respectively.`` Barnett went on to say, ``Regarding the Young deal, management was able to negotiate a written right of first refusal on any prospects in Young`s inventory of over 46,000 acres. Much of this acreage is natural gas in nature. It is unlikely that Young would have granted us this right of refusal to ``cherry pick`` prospects had they known that the price of natural gas would have advanced anywhere near the current level. Rest assured that management will aggressively pursue our ``Rights`` in these gas prone areas, which represent billions of cubic feet of low risk and pipeline accessible shallow natural gas.``

Barnett further stated, ``I want to give a reminder to our shareholders about the potential in our Patroon project. As can be seen by reviewing the extensive Patroon material on the Company website, this is also primarily a natural gas play. We currently own a paid up 15% interest in the first of some 9-10 prospective wells on this 800 acre play. TEC Engineering Group, Inc., a third party petroleum reservoir engineering company, estimates recoverable gas reserves per 80 ac. unit of 1.226 billion cubic feet in this area. It also estimates the oil reserves at 36,000 barrels. These numbers, based on current prices, would equate to over $20 million gross per well.``

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc and it`s wholly owned subsidiary`s, OMDA Oil & Gas Management, Inc and Texas OMDA Drilling & Operating, Inc are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 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 effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact:
OMDA Oil and Gas, Inc.
Investor Relations, 800-621-0113
[e-mail]
www.omogoil.com

[geriull]

Ich sag nur eines OMDA geht ab 2. Brunnen geht in betrieb!!!

OMDA Oil and Gas, Inc. Announces Commercial Completion of Second Tennessee Natural Gas Well


Houston--(BUSINESS WIRE)—October 5, 2005

OMDA Oil and Gas, Inc. (OTC.PK:OMOG), an oil and gas production company, through its Chairman, Adam Barnett, announces an update on its Young Oil Project. The operator has informed the company that the Gernt Estates number 16, the second of three recently drilled wells, has been tested and dually completed in the Fort Payne and Monteagle formations. These are the traditional zones in the area. As with the Gernt number 15 announced last week, this well is also being stubbed into the transport line and is expected to begin production by the end of this week. This well, unlike the Gernt number 15, is wet with oil mist. This oil mist indicates that conventional open flow testing would not give meaningful results. This well; however, does have considerably more shut-in pressure than the number 15 well. It also possesses similar thickness to the Monteagle and Fort Payne formations. The number 16 re-pressurizes faster than the number 15; therefore Young is confident that it will exceed initial recovery rates of the number 15 after the well is cleaned-up and in production for a few weeks. For the sake of clarity, the company states that the oil in this well is only a small mist. This is of little concern, due the fact that this is a natural gas well and not an oil well. OMDA expects to be able to announce the actual production levels from this well after it has flowed for a few weeks.

A short video of this well can be viewed on the company`s website at http://www.omogoil.com/investori.html . You may view this video by clicking on the ``Young Oil Venture Video`` link.

As in the case of the number 15 well, engineering reports estimate ultimate recoverable reserves of 250 million cf from each well. Natural gas wells in this area tend to be very long lived with some producing over 20 years. If the well just maintains this level and does not show an increase, OMOG should receive its initial investment back on its 20% interest (15% net) in approximately eight months with an additional five to seven times return on investment over the life of the well. These estimates are based on current natural gas prices.

As mentioned in our Sept. 30th announcement, this is the second of three gas wells. All three have now been drilled to total depth in this initial program with Young. This well contains a large section of natural gas bearing shale. As mentioned in the number 15 release, completions in the shale require a more aggressive ``fracing`` technique. This technique carries an additional cost beyond the original ``turnkey`` arrangement. Young and others have only recently begun experimenting with shale completions in other area wells, but they have reported very encouraging preliminary results. Due to the large thickness of the shale, it is very likely that a completion attempt will be made on this well; however, no firm decision has been made at this time. The last of the three wells is set for acidizing this week and should be tested next week. Results will be announced as soon as they are available.

Adam Barnett, Chairman, stated, ``I am happy to see that we are now getting such favorable results from our Young Oil project. This is truly an exciting time in the history of OMDA, especially with natural gas prices continuing to rise. I am most pleased with these well`s prospective rate of production. With just one well having the ability to cover our initial investment, I feel that the Young Oil Project holds vast potential for our company and our shareholders. I am anxious for the well to be connected to the transport line and to begin production this week. I believe this will signify OMDA`s transformation from just a holding company with land-leases to a company with viable producing wells. It has been a long haul for our shareholders with many frustrating delays and I appreciate their patience. I am eager to share all updates with our investors and will continue to announce them through press releases and our weekly newsletters.``

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc and it`s wholly owned subsidiary`s, OMDA Oil & Gas Management, Inc and Texas OMDA Drilling & Operating, Inc are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 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 effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact:
OMDA Oil and Gas, Inc.
Investor Relations, 800-621-0113
[e-mail]
www.omogoil.com

[Papasimon]

Ist meine Lieblingsaktie...da wird noch eininges passieren...

Watch out...ich habe sie im Depot!!!

[hainholz]

[posting]18.179.732 von Papasimon am 07.10.05 14:12:22[/posting]auch nicht schlecht,aber nur in USA handelbar,oder?

schau dir mal Lakes OIL an,ist so das gleiche Kaliber

[Illuminat85]

schade dass man die nur in amiland handeln kann.