OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Nanlin Chiang who wrote (737)	1/23/1997 2:50:00 PM
From: Steve	of 4276

Hello Nanlin, and ALL, Armed with the recently announced information of OLEX daily production of 200 barrels per day. I approached one of our fund managers at work and asked him for his assistance to value OLEX. Well we plugged in the cash flow that 200 barrels per day would generate ($22.5 - $3 cost of extraction) plus other essential info such as 5.000.000 shares issued and we came up with a valuation of around $3.00. The program we used was created by him in Microsoft EXCEL and only took into account the current earning of a Co., we didn't include any revenue that may be generated out of the gas pipeline link that OLEX have recently signed or any future increases in daily oil production. !!! I'm still holding on to OLEX. ! All comments welcome Stefanos.

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