SOURCE: Omda Oil and Gas Inc.

October 30, 2007 07:00 ET

OMDA Oil and Gas, Inc. Announces Removal of Keith Houser Lawsuit to Federal Court

HOUSTON, TX--(Marketwire - October 30, 2007) - OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG) announces the removal from state court to federal court of the lawsuit that Adam Barnett, Chairman, is currently prosecuting against Keith Houser, Kim Jacobs, and BioTech Medics, Inc. OMDA is not a party to that litigation, but takes any implications regarding alleged wrongdoing of its officers and directors seriously, regardless of the fact that they may be groundless. Although Mr. Houser has vocalized his claims about Mr. Barnett's Chairmanship of OMDA to a variety of outlets, including the Internet, government agencies, and the news media, OMDA prefers to let the judicial system take its course and refers all inquiries to the public record in the litigation, which is pending in Texas and speaks for itself. The following link to the United States District Court -- Northern District of Texas Electronic Case Filing (ECF) System allows registered users to view and print documents in the Public Access to Court Electronic Records (PACER) system: https://ecf.txnd.uscourts.gov/cgi-bin/ShowIndex.pl.

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX.

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, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. 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.

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