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Microcap & Penny Stocks : OILEX (OLEX)
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To: OFW who wrote (3019)3/23/1998 7:06:00 PM
From: Steve  Read Replies (2) of 4276
 
I think there are about 6 swabbers that are out on a regular basis as production stands at about 200 to 300 barrels a day. This does not include the potential from the 4 new Big Foot wells where production is expected to be upto 1600 barrels a day from all four wells combined. Lifting costs and other royalty interests still leave Oilex a good profit even at $12 a barrel.
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