OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Eric Maggard who wrote (649)	12/21/1996 2:39:00 PM
From: Yiqun Xie	of 4276

Eric: Thanks for sharing the valuable information with us. We all appreciate your excellent work. I have a few more questions. Did you ask them if the 4 oil retrieval systems are fully working now? do they include the cost of purchase of the system into $2.50/barrel lifting cost? How many systems are they going to have to reach 1000 barrel/day target? Since it cost the company $100K to $125K to buy a system, it's a big overhead cost to have more than six systems even if they reach 1000 barrel/day target. If the problem of system breaking down remains unsolved, their actual cost is higher. I am very confident of the stock goes to $1.5+ if they can actually reach 1000 barrel/day target at the end of March. But before I got the answers of the above questions and know exactly how much they are producing now, I am still cautious. Remember the last "correction" after it surged above $0.70. I thought it would double bottomed at $0.50, but it went as low as $0.25! I am not sure if the stock could hold above $0.40 on Monday. Eric, could you post the phone number of Allen Burditt (again if you already did that)? I will call him and post the result if nobody can answer my questions. By the way, which days in next week will the market close? Yiqun

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