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Microcap & Penny Stocks : OILEX (OLEX)

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To: Larry Sallee who wrote (2219)	1/5/1998 3:34:00 PM
From: Prudent Investor	of 4276

I do not know of another company with oil property in Jefferson County, but I do know of several individuals who have had experience with investments in oil wells that Mr. Burditt has drilled in Jefferson County. I believe that these wells were situated on property very close to the property on which the "Wilson Leases" are based. You might contact Ralph Grills (Denver, Colorado), Alfred Peeper, Thomas Alexander et al. (Jefferson County, Texas), Gene Hochevar (Oklahoma City, Oklahoma). I believe that you will find what they have to say very instructive regarding the "reserves" in this area.

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