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Microcap & Penny Stocks : OILEX (OLEX)

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To: Larry Sallee who wrote (2930)3/9/1998 2:49:00 PM
From: OFW  Read Replies (1) of 4276
 
Larry: I know that I have been critical in the past of the "management" of Oilex and that we have agreed to disagree on that issue.

But regarding the production and properties issue. I would agree with you to some extent. If Oilex could start presenting real production and plans for future development then I'd take another look at the company.

A few questions that might help us analyze past, present and future production:

1. Omar said on this thread that we should give them until the end of January to show Big Foot production. It's now several weeks later and Omar is no where to be seen and there have been no new data on Big Foot production. Any information from the company on production in Big Foot would be of interest.

2. There's been hints lately of the company wanting to develop West Virginia. Hopefully, the company could share with us it's plans for development of the Greenbriar and Pocahantos Counties properties in West Virginia.

3. Finally, I think any update on the current status of, and future development plans for, the following properties would be of great interest to all:

A. Jackson County lease.
B. Luling Field in Caldwell County.
C. Walker Queen Field in Pecos County.
D. Revilo Unit in Scurry County.
E. Wilson leases in Jefferson County, Texas.
F. Holdings in Rio Blanco County, Colorado.
G. Holdings in Carbon and San Juan Counties, Utah.
H. Holdings in Mississippi.

Larry, I think you are correct that we would be better off if there was more discussion of production and development plans. Hopefully, the company can shed some light on the holdings above.

Offie
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