OMDA Oil and Gas, Inc. Announces Change of Field Service Operator
MIAMI, Apr 21, 2004 (BUSINESS WIRE) -- OMDA Oil and Gas, Inc., an oil and gas
production company (OTC.PK:OMOG), today announced that it has terminated its
Operating Agreement with SHWJ Oil & Gas Company ("SHWJ"), a subsidiary of
Wooldridge Production, both of which are controlled by Anthony Joseph Lanza.
As part of the Company's restructuring efforts that commenced in the third
quarter of 2003, after systematically reevaluating the performance of SHWJ,
their responsiveness to the Company's requests, and the value that SHWJ has
brought to the Company and its stockholders over the past 12 months, the Company
has decided to terminate its contract with SHWJ.
As of the effective date of the termination, April 16, 2004, SHWJ has been
advised to cease all operations on the Company's leases, wells, and properties.
The Company is in the process of interviewing replacement operators. Interim
service operations will likely be handled by one of the Company's other
operators. The Company expects to engage a permanent operator in the next few
months.
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.
SOURCE: OMDA Oil and Gas, Inc.
CONTACT: OMDA Oil and Gas, Inc.
Adam Barnett, 305-609-2345
Email: omoilandgas@aol.com
Web site: www.omogoil.com
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