Articles About Finance And Refinancing

Omni Oil & Gas, Inc. Announces Sale of Interest in Oil Field

DALLAS (BusinessWire EON) June 27, 2007 -- Under the terms of the Agreement, Omni will sell 50% of the Red River Bull Bayou Unit to BSI, a Dallas, Texas and Ventura, California-based energy investment fund, in exchange for cash consideration of $1,000,000 plus Omni's share of the first $950,000 of field expenditures for the Unit's redevelopment. It is anticipated that 200 to 400 barrels of oil per day (bopd) will be acquired from the initial phase of redevelopment.

"Having BSI as a working partner greatly advances Omni toward its goal of aggressive growth through development of its core asset base," stated Jim Renfro, Omni President and CEO. "With BSI's significant contribution of capital and technical resources, we expect a very successful partnership in this as well as many more transactions."

The RRBB Field Unit covers approximately 7,300 acres of land and is a former secondary recovery project operated by Sun Oil Company (now Anadarko). The Unit has accumulated oil production of 25 million barrels of oil and third-party engineering reports indicate that at minimum an additional 2.5 million barrels of oil can be recovered.

Omni projects that the proceeds from the transaction will provide sufficient working capital for the Company through the point of self-sustaining cash flow from oil production at RRBB, as well as from additional oil field developments currently underway.

About Omni Oil & Gas, Inc.:

Omni Oil & Gas, Inc. (www.omnioil.com) specializes in the purchase, rework and enhancement of properties in proven oil and gas fields. This business methodology offers lower potential risk and higher potential returns, often in shorter time periods, than through traditional means of oil and gas exploration. To date, Omni has assembled, and is reworking, a portfolio of eleven oil and gas fields throughout Texas, Louisiana and Oklahoma with over 100 wells producing, or capable of producing, and net proven future oil and gas reserves valued at over $60 million.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

International Commercial Loans Fast And Easy - Commercial Mortgage Loan
International Commercial Lender

It Is In Your Best Interest To Do The Math On Your Credit Card Interest
If you begin foaming at the mouth once a month when you receive your credit card statement, join the millions of Americans that are foaming along with you. There is a growing outrage at the seemingly endless journey towards eliminating the balance on your credit card and that is due primarily to the extravagant interest rates charged by credit card companies.

RaboPlus Lifts Interest Paid On Online Savings Accounts to a High 8 Per Cent PA
Online bank, RaboPlus, from Australia's safest bank, is lifting the promotional interest rate paid on its online at call savings deposits from 7.80 per cent to 8 cent per annum effective from June 6, 2008 for all Australian investors.

Why Second Mortgage?
Second Mortgage Overview?

Making The Most Of Current Mortgage Rates
If you are on the market for a mortgage you will soon find out, if you haven?t already, that the current mortgage rate is only current for that day and sometimes even for just for that hour.

Bankers First Mortgage, Inc. Opens New Full Service Branch in Historic Downtown Bethlehem
Bankers First Mortgage, Inc. has begun servicing the complete spectrum of mortgage needs of Bethlehem and the Greater Lehigh Valley. George Hanzimanolis, Company President and President of the National Association of Mortgage Brokers(NAMB), a professional organization of 25,000, announced the opening of the newest of 7 offices with a focus on service, support, customer care and most importantly - Integrity. As the President of NAMB, Hanzimanolis is recognized by his peers, the US Congress and the PA State Legislature as a leading authority on broker integrity, state licensing, professional continuing education and consumer protection.

Your Debt Consolidation Loan Tips
If you have exhausted all other options when it comes to relieving debt, consider a debt consolidation loan. The best way to think of this type of financing is as a combination of several different debts or loans into one payment. The most common type of debt that needs consolidation is credit card debt, and a card debt consolidation has several advantages.

Mortgage Refinancing: how it can help you
When people talk about refinancing their mortgage, they are usually talking about swapping their old mortgage at a high interest rate with a new mortgage at a lower interest rate. With rates lower on 15 and 30 year fixed rate mortgages by around a whole half a percent, many families have been taking advantage of rate refinancing. A half of a percent, or 50 basis points(.50), may not sound too significant, but when compounded out over a year, or many years for that matter, you can be looking at a savings of several thousand dollars or several tens of thousands of dollars. So you many want to inquire with you loan holder about refinancing if current rates are lower than the rate that is on your loan documentation.

Vacation Finance Grows Team and Begins North Carolina Lending
America's First Second-Home Lender, specializing in Condo Hotel and Fractional vacation home loans adds Lance Ferenc as Vice President - Sales and begins North Carolina Lending Program

Budgeting For Interest Rate Rises
On Wednesday April 4, the Reserve Bank of Australia (RBA) decided leave the official cash rate on hold at 6.25%, saving homeowners the much anticipated 0.25% increase in variable mortgage rates. Many analysts are tipping the RBA is waiting on official March inflation rates before deciding on any increase and believe an increase is likely in May.

Investing Wisely With A High Interest Savings Account
People with money typically know how to make their money work for them. Great areas of investment they utilize are savings accounts. Savings accounts can be a good, low-maintenance option to help maximize your money. By exercising a little bit of patience for the long haul, a high interest savings account can be an answer to creating high yields with minimal effort and little risk.

How To Get The Credit Card You Want
Credit cards are reasonably easy to get these days. In fact, you really do not have to do much in order to read about what offers are available - they automatically come to your door, or in your emails. These offers, however, may not be something you need, or want. Here are some tips as to how to evaluate a credit card offer and end up with the credit card you want.

Finding a Cheap Secured Loan
In a time when everything seems expensive, it might seem impossible to find a cheap secured loan.Interest rates continue to climb, and prices everywhere continue to go up.

Home Mortgage Quotes Online - How Do They Compare To a Quote From a Broker in The Real World?
Online home mortgage quotes are very similar to the quotes given by mortgage brokers in "the real world," except lower. With the reduced cost due to a simplified application process and reduce overhead for office space and personnel, online mortgage lenders can offer financing with no fees or lower interest rates.