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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Jan 2 9:30 AM EST

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To: CVJ who wrote (245)7/24/1997 1:00:00 PM
From: cAPSLOCK   of 4736
 
I have come out of hiding to comment on this 'Press Release'.

Heres my comment: What a load of crap. :)

Here's why:

--The test program also concluded that there was an absence of hydrocarbons in wells drilled where they were not indicated using EM-Sounder technology.--

Why would they know anything about dry holes?? The drilled *TWO* holes right?? Which wells (plural) are dry?

--(OTC:NAMX) is the exclusive license holder for the EM Sounder technology in North America and today it announces the successful conclusion of the EM-Sounder Test Program. --

Well at least we know the CONCLUSION was successful. Glad to know they can stop drilling and do so successfully. :)

-- It appears as if EM-Sounder technology offers a degree of predictability in determining the presence of oil and gas.--

When I waved a forked stick over the ground and then drill I will be able to say the exact same thing. The words 'a degree' are key here.

--It is believed that the use of the EM-Sounder technology will significantly lower the per barrel cost of hydrocarbon exploration. --

Who believes this?? Why?? Based on what results?? Oh yeah. 'A degree of success'.

--North American Exploration Corporation is proceeding with a 50 oil and gas well exploration program using EM-Sounder technology. --

Theres our '50 wells' again with UPR?? Well seems as if NO is the answer to that question. Seems they want to pay for it themselves.

--Funding for this program should be available now that the EM-Sounder test program has been successfully concluded. --

And my taxes *should* be going down since there is a republican congress. And nobody *should* be starving since there is food for everyone. And there *should* be a cure for AIDS...

I tell you what. There *SHOULD* be a REAL press release with at least -ONE- bit of straight forward plain information in it. This one really says nothing. Says it with flair too. There's a word for saying nothing with flair.

Hype.

seriously,
cAPSLOCK (going back into official 'not paying attention mode' untill another significant event. :)
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