OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Eric Maggard who wrote (842)	2/20/1997 12:19:00 PM
From: Larry Sallee	of 4276

Welcome Eric to the long holder club (LHC):) the way I see this company building a base and moving on new wells- the better I like it too. With the price of oil coming down a bit, the oppertunity to pick up more wells gets better and the income is not hurt that much with the lifting cost at only $2.50 vs $7. These new wells have real potential for a bread and butter year to year income. When they move the new trucks onto the field and rework the wells we could see production up very soon as they have nothing to do to prepare the field and people are in place. Olex has brought the Walker Queen field in from a start in NOV and that is pretty fast. Anyone have any figures or information on this field yet??? Larry

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