NAMX -- North American Expl.-- Que Sera Sera! Message Board

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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!

NAMX 0.0001000

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Mar 7 3:00 PM EST

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To: M. M. Jones who wrote (1596)	11/27/1997 10:39:00 AM
From: Sidney Reilly	Read Replies (1) of 4736

MM, I think they have been moving towards exploration and not "fee for service" for a long time. It certainly is more profitable to get leases and use the technology to drill wells we have a major interest in. The stonewalling by UPR has been a problem for us. That is why IMO NAE has went after other projects (wisely) and let them be a '98 project when the plant is near or actually operating. The #1 issue is revenue. Everything else is secondary to that. I think the direction they are going now is good. The change has been the best course. The 100 million shares out figure is a lot. We need to know for sure of course. It is possible to generate the income to make that a non-issue as they aquire new leases and get established fields producing. It will probobly be a steady climb instead of a fast run as before. Have to go to the get together so more later. cya, Bob

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