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Microcap & Penny Stocks : OILEX (OLEX)
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To: Steve who wrote (3136)3/28/1998 10:42:00 AM
From: Eric Maggard  Read Replies (1) of 4276
 
Well Steve,

Since they have had the Jefferson county leases longer than most
everything, if they had potential don't you think they would be
producing something? In your extensive list of oil production per
county this is listed:

JEFFERSON Jan 1997 0
Feb 1997 0
Mar 1997 0
Apr 1997 0
May 1997 0
Jun 1997 0
Jul 1997 0
1997 Total for JEFFERSON

Why does the listing stop in July? Is that when the leases ended?
Do they have the jefferson county leases anymore? If you don't know
could you check with the company for us, or maybe Omar could post
that information.

Also, how come Mitchell only produced 157 for the entire year and
most of that was in January?

Thanks for the production numbers. Out of curiosity, where did you
get them? TIA

Eric

P.S. When people have past convictions (known) for security fraud
you have to suspect their current security dealings. Especially
when it was only a couple of years after the conviction. Suspect
until proven innocent. IMO.
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