The combined entities have refined their collective focus to move forward solely with the Omni business plan of aggressive leasing and acquisition of additional oil and gas assets intended for exploration and production.
Dallas, TX (PRWEB) April 4, 2007 -- Omni Oil & Gas, Inc. (OMOI.PK), www.omnioil.com, announced today that it had previously executed a merger with Midwest Sports Collectibles, Inc., a publicly traded company, listed on the Pink Sheets and headquartered in Chicago, Illinois. Omni completed its merger with Midwest on or about July 1, 2006. As a result of the merger, Midwest underwent a name change to Omni Oil & Gas, Inc.
Omni is in the business of oil and gas exploration and production. The Company 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.
Gordon H. Johnson, Chairman of Omni’s Board of Directors stated, “This merger provides Omni with the ability to successfully move our business forward in a two-fold manner. It affords the Company the ability to secure additional investment capital through the public markets, as well as to utilize another avenue of acquisition currency, in order to fund Omni’s aggressive development and growth strategy.”
About Omni Oil & Gas, Inc.:
Omni Oil & Gas, Inc. (www.omnioil.com) is a fast-growing, early stage, oil and gas development company with offices in Texas and Colorado. The Company specializes in the purchase, rework and enhancement of properties in proven oil and gas fields that offer lower risk and higher potential returns, in a shorter time period, than through traditional exploration.
About Midwest Sports Collectibles, Inc.:
Midwest Sports Collectibles, Inc., an Illinois corporation, was in the business of buying and selling sports and non-sports collectibles. Select items were purchased from private individuals, through public auctions and estate sales. Sales of these collectible items were made through live and Internet auctions, as well as directly to individual collectors.
For more information, contact:
Andrew Zelman
InfusionCapital
407-566-1090
www.infusioncapital.com
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