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Microcap & Penny Stocks : OILEX (OLEX)
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To: J Navarro who wrote (3397)6/7/1998 6:14:00 PM
From: Steve  Read Replies (1) of 4276
 
That is production from all counties/fields/leases. Specifically, Thompson 1 and 2 are producing 40 barrels a day. Beidigger is producing 15-20 barrels a day. The rest of the 600 wells are producing on average 200 barrels a day. I believe that only about 250 wells have been re-entered to date so increases in production can be expected as the remaining 350 wells are re-entered this year and placed on the swabbing schedule/route.
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