NuTek, Oil Company, currently at 1 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Allyson who wrote (79)	5/29/1997 10:41:00 PM
From: Ed Ajootian	of 95

Allyson, Figured I'd put your press release on the board here to see if it will rally the troops: SANTA ANA, Calif., May 29 /PRNewswire/ -- NuTek, Inc. (OTC BULLETIN BOARD: NUTK) disclosed today that it knows of no material reason for recent weakness in its stock price. Unusually rainy weather has hindered completion efforts on the Davidson 96-1 Limited partnership well drilled in the Big Foot field. The well shows good presence of hydrocarbons through core samples and a sophisticated logging suite conducted by Western Atlas. Logs also indicate numerous well re-entry opportunities exist in 24 additional wells owned in the Big Foot field. Additionally, the company plans to drill another well on this same acreage. Drilling on the second well will begin following completion of the first well. The company will continue to pursue numerous acquisition opportunities which it has identified for purchase this calendar year. It is currently examining trading activity generated through 7 new market makers which have been trading NuTek stock throughout the first half of 1997. SOURCE NuTek, Inc. CO: NuTek, Inc. ST: California IN: OIL SU: 05/29/97 13:21 EDT prnewswire.com ************************************************************* I never have bought the stock even though I've been following it, for several years now. This is usually when I jump in though, when there's blood running in the streets but there's good news about to come out. Now the next thing you gotta do is become an SEC reporting company. Any plans for that, and if so can you give us a goal date? I'll be calling you.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next