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To: jmhollen who wrote (132226)	5/4/2004 11:16:28 AM
From: dkgross	Read Replies (1) \| Respond to of 150070

nice, john. I missed getting in on this one ;(

To: jmhollen who wrote (132226)	5/4/2004 12:00:56 PM
From: E.B.	Read Replies (1) \| Respond to of 150070

OMOG - News OMDA Oil and Gas, Inc. Announces Stock Repurchase Plan; Company to Repurchase Shares of Common Stock as Part of Continuing Restructuring Plan MIAMI, May 4, 2004 (BUSINESS WIRE) -- OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), today announced that it will repurchase shares of its common stock, par value $0.00001 per share ("Common Stock"), through open market purchases. The initial phase of the repurchase will commence on Wednesday, May 12, 2004, on which date the Company intends to purchase a minimum of 10,000,000 shares of Common Stock. All Common Stock repurchased will be retired and cancelled by the Company, which will decrease both the issued and outstanding and the authorized number of shares of the Company's Common Stock. "We feel that the stock repurchase plan is a very visible way to show our stockholders that we believe in the Company and its future," said Adam Barnett, Chairman of the Company. The Company intends to repurchase up to an aggregate maximum (including the shares repurchased on May 12th) of 100,000,000 shares of Common Stock during the next quarter. All repurchased shares of Common Stock will be retired and cancelled. The Company expects to publish the results of the repurchase plan from time-to-time. In addition, the Company is in final negotiations with a permanent service operator and expects to make an announcement within the coming weeks. Once a permanent service operator is hired, the Company's interim operator will continue to work with the new service operator to ensure continuity of the Company's production interests. 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. 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. OMDA Oil and Gas, Inc.Adam Barnett, 305-609-2345Email: omoilandgas@aol.comWeb site: www.omogoil.com Customize your Business Wire news & multimedia to match your needs.Get breaking news from companies and organizations worldwide.Logon for FREE today at www.BusinessWire.com. Copyright (C) 2004 Business Wire. All rights reserved.