OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Steven Taylor who wrote (3324)	5/28/1998 3:05:00 PM
From: Steve	Read Replies (2) of 4276

>>Since I have sold the last of my holdings in this company, for a loss of course I will not be posting here anymore. << You sold out just when production was rising. This is a curious strategy. Your comments generally reflected an unwillingness to do the work to make yourself comfortable with your investment. Your ignorance is not the company's fault. Call Omar at 713-629-5998 and get the scoop on the Big Foot wells. You intimated in a prior post that Oilex was not adding to reserves. This is simply not true. Oilex's analysis and infil drilling program at Big Foot decreased the well spacing by half its former distance effectively doubling proven reserves. Also, your comments were disengenuous at best because Oilex is in the process of opening shut-in wells that were never officially closed (no permit required). Daily production will continue to rise from about 250 barrels a day to about 400 barrels and above before the inevitable decline sets in. If you are too lazy to find out information don't go blaming others. If you are a petroleum engineer you certainly aren't up on the latest technology to reduce lifting costs and increase production.

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