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Microcap & Penny Stocks : OILEX (OLEX)
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To: Larry Sallee who wrote (3109)3/27/1998 3:45:00 PM
From: Marty Rubin  Read Replies (1) of 4276
 
Message 1772959 "The working capital instrument includes a $1.375 million senior secured redeemable high yield debenture and the equipment line of credit provides $1.250 million to purchase 10 additional swabbing units. ...OLEX will utilize the working capital to commence its drilling operations in BIGFOOT FIELD where it recently staked four drill sites as well as remedialization of approximately 80 wells in the LULING FIELD to increase daily production and revenues."
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