OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Marty Rubin who wrote (751)	1/23/1997 11:50:00 PM
From: Nanlin Chiang	of 4276

Hi Marty, About where the 200 BPD come from: about 100 barrels come from 16 wells in Bledeger Lease, and I would guess that the rest 100 come from Big Foot fields. Will ask next time. I am sorry but were you wondering why OLEX did not pay cash for the recent acquisitions of 28 wells? Not sure, will ask too. Maybe paying the salary of field personels? Operation expenses? All I know is that those 16 Bledeger wells are producing so much gas while pumping oil, so OLEX decide to capture those gas and sell them to UPR for money, which I think is good resource management. Could you elaborate what you meant by "a trick" from UPR and investors diversifying? PHone number: OLEX (713)629-5998, Howard and Bronson (212)867-6160 further, if you give OLEX your fax number, they claim that they will fax you periodic information. fax # (713)629-5773. Thanks again and good luck investing! Nanlin

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