OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: straight life who wrote (971)	5/2/1997 3:05:00 PM
From: Eric Maggard	of 4276

Hi Taichi, They did include production figures in a round about sort of way. They stated that they are expecting revs of $12.5Mil for the year. I broke it down and how much production they would have to have each Q in order to get close to that. Quarter Barrels/day Days Price Revs. 1Q 300 90 $20 $540k 2Q 1000 90 $20 $1.8 Mil 3Q 2000 90 $20 $3.6 Mil 4Q 3000 90 $20 $5.4 Mil This would give about $12 Mil for the year. Now the question is can they increase production like that. I am not so sure they could looking at the past performance of the company. We will have to see. They also stated in their pr that they would be going after NASDAQ listing immediately after the audit is done. Does anyone know how they are going to get their stock above $3? I think a reverse split will be the only way. Remember all this year there will be new shares coming available for sale from the acquisitions last year. IMO, that is why I think we are seeing the selling now. Eric

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