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Microcap & Penny Stocks : OILEX (OLEX)
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To: Marty Rubin who wrote (3121)3/27/1998 3:55:00 PM
From: Steve  Read Replies (3) of 4276
 
Oilex has drilled 4 infield wells at Bigfoot in Frio County. Your point being?? Since these wells have been drilled and flow rates determined on 2 of 4 Oilex feels that though swabbing will continue they will concentrate on further development at Big Foot and similar structures elsewhere where the distance between wells can be reduced without damaging future production and revenue is greater since lifting costs are essentially zero. There is great potential here. In 1998 we should see yearly production topping 100,000 barrels. 1999 is even more promising.
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