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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Nov 14 9:30 AM EST
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To: Terry Lyon who wrote (2813)3/1/1998 10:56:00 PM
From: M. M. Jones  Read Replies (1) of 4736
 
Dear Terry,

Unfortunately, there are no knowledgeable posters about NAMX on this thread. (There are people who have technical knowledge of the oil and gas industry, and whenever we get a morsel for them to comment on, they do.) I have learned the hard way that to rely on second hand knowledge from NAMX (or anywhere else) is totally inadequate. The only way to get knowledge about the company is to ask them directly, and they are not giving out facts and figures at this point in time.

I have been told by a seemingly responsible, reliable poster here who talks a lot about due diligence that he himself called Stephen P. Eschbeck, who is the Investor Relations director at KNE, and Mr. Eschbeck told him three NAMX wells were being metered. However, when I called Mr. Eschbeck two or three weeks later, he was quite definite: Only one well is being metered, that's all he knows has ever been metered, and KNE's agreement with NAMX is actually only a tiny part of their total business so he cannot give me much more information than that.

Possibly the reason for the lack of knowledgeable posts is the lack of information forthcoming from the company.

Sincerely,

M.M.
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