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Microcap & Penny Stocks : OILEX (OLEX)
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To: Steven Taylor who wrote (3318)5/20/1998 10:27:00 AM
From: Steve  Read Replies (2) of 4276
 
Steven,

Your attitude has been one of sarcasm and a demonstrated lack of knowledge. Oilex production will increase as more wells are re-entered. If you can't find current production numbers that is your problem not Oilex's I suggest you contact the company and stop asking questions that have been adequately answered.

The purpose of swabbing is to reduce lifting costs, to shift the producer's break even point so that formerly unprofitable production can be and remain profitable. There is a degree of complexity involved in determining the frequency of swabbing required at each well and the appropriate and most efficient routing schedule. Swabbing will not ressurrect a dead or depleted well but it will very likely extend the life of a well currently producing oil with a pump jack. Production or lifting costs can be as low as $2 a barrel with swabbing.

If you are currently using pump jacks on your properties then I suggest you consider using swabbing and in turn increase your profitability.
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