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Microcap & Penny Stocks : OILEX (OLEX)

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To: Steven Taylor who wrote (3732)7/23/1998 1:46:00 PM
From: CHRISTINE  Read Replies (2) of 4276
 
Hi Steven, called the TA this morning. As of today the current Shares
Outstanding 13,164,790. Restricted 3,376,654 . I haven't heard anything from Mr Yarmak. Waiting along with everyone else. The assets
are there, there is proven oil reserves, The swabbing method has been
tested with satisfactory results. While other methods may be used down
the road, for now this is one way of keeping lifting cost down. Hopefully once the infield drilling continues, there will be a few
wells producing 60 to 150 bpd. Bigfoot has this potential. Do you or
anyone else have information regarding current tax credits for marginal wells?

Christine
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