NuTek, Oil Company, currently at 1 Message Board

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Microcap & Penny Stocks : NuTek, Oil Company, currently at 1

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To: pat mcvay who wrote (72)	3/24/1997 1:11:00 PM
From: Allyson	of 95

Pat, Currently the infield well Nutek, Inc. is drilling is in the finishing process the well was drilled to approx. 3600 ft.. Hopefully this week we will have more difinitive answers as to bbls. per day. We know that it is a working well. As to # of stripper wells approx. 200. With the price of oil being up around the $25+ range aquiring new leases has been difficult, as the lease owners want too much for what they have. Nutek has chosen to diversify at this point. The Non-Mag aquisition should be done soon. We are also testing a new pump that in conjuntion with the "Bailer Pump" will allow us further diversification in well aquisition and cash flow. Although not much has been "out there" Nutek, Inc. has been in an aggressive growth mode. If you want more info call me at the office and I'll get you out a package with more detail. Allyson (714)955-1411 or E-mail me @ Nutek@Dcafe.com

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