OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Eric Maggard who wrote (744)	1/23/1997 9:51:00 PM
From: Larry Sallee	of 4276

Eric -I think we will see much more than 200bbls a day by the end if this month- with the kinks worked out we may see 400 to 600- and even with 24million shares we should be well into $3 territory very soon- "buy" the way the fact that OLEX has a huge proven reserve and now low debt makes this very interesting. Any drilling success this Spring or Summer could pop the top off this stock. This is not wildcat stuff only going where others in the structure have been successful. I hope some of you are following WWW. Lasser.com to see that there is new production coming in in Scurry co. White River Dome (3%forOLEX) will be on early Spring and we have yet to have Walker Queen field come in with numbers. Xeric should move on the West Va. property and OLEXC has 12% royalties on what could be a super coal gas play in an area that is being developed now- check out Pokohauntas( how ever it is spelled) coal gas on the WWW. Larry

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