OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Ajay who wrote (2270)	1/5/1998 10:52:00 PM
From: Larry Sallee	Read Replies (2) of 4276

Well said Ajay- I too wish they didn't have to go this hard way to get the cash to develop the fields but cash to drill is hard to come by. Remember we have 4 wells- one at least is producing at 96 bbls a day and has been for a while. As the others come on it will really make a difference. Above all this however is the fact that NEW OIL was discovered-this is proving out Big Foot with each new well. Paul Harvey was on the Radio today talking about the new oil rush in old fields and the development of a new/old national oil industry. My question is how many of these companies can you buy stock in that: already have proven new oil and brought in flowing wells under near virgin pressure, room to drill shallow wells in several fields, cash to drill ,have several hundred stripper wells, own HUGE royalty properties that are being developed by Majors like Exxon-Santos>>>> under a dollar??

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