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Strategies & Market Trends : Turn Around sub and penny stocks under a $1.00

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From: Tadsamillionaire	5/18/2007 1:48:19 PM
	of 53

Powder River Announces Share Buy Back Program Powder River Basin Gas Corp. (OTCBB: PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it is starting a program to re-purchase outstanding shares from the open market. The Company did not specify the number of shares or the total value of the buy back plan. Repurchases will be made in the open market and through private transactions at the discretion of management. Powder River Basin Gas Corp. intends to work within the designated rules laid out by the authorities. Thus, there is a maximum amount of shares that can be purchased in any given day. The Company intends to work the share buy back program within these parameters. Powder River has not specified any particular timeline for this initiative, but intends to carry this share buy back program at least through the next two years. "I'm pleased to announce this share buy back program, as it is the opinion of myself and Powder River's advisors that our shares are considerably undervalued. This is a Company with positive cash flows that is continuing to grow and expand into the oil and gas market through our production development and working interest marketing program. I strongly believe that this program will be in the best interests of all Powder River investors and shareholders," stated Powder River Basin Gas Corp. CEO Brian Fox. Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties. Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

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