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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
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To: stanley new who wrote (356)8/25/1997 11:10:00 PM
From: Geoffrey   of 866
 
Indo Pacific should buy Olex - BB. Olex's last transaction sheds light on Indo-Pacific's true value.

Olex a bulletin Board micro cap oil stock (phone # 713-629-5998) just acquired royalty rights on 35.9 million acres in Australia. The company trades around 38 cents a share and the market cap is something like $10 million. Heck for $10 million in Indo stock, Guidi could acquire Olex and have expanded his acreage by 500% in one fell swoop. This makes me feel like we should get an industry figure to find out what the value of exploration acreage is actually worth.
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