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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Raptech who wrote (1539)	11/21/1997 1:30:00 PM
From: alchemy	Read Replies (1) \| Respond to of 4736

If anyone subscribes to the OTC Financial Network, please post whatever they have to say about NAMX. There are rumors of some coverage in an upcoming newsletter. Thanks. marty

To: Raptech who wrote (1539)	11/23/1997 12:46:00 PM
From: alchemy	Read Replies (1) \| Respond to of 4736

Hello Raptech and Phil: Regarding your comments on the Permian Basin and Rap's observations: "EM Sounder couldn't hardly miss in this area, as they don't seem to be having much difficulty finding pay dirt. I had a business in this area, to which I traveled monthly, many years ago. When you got off the plane the air reaked with the smell of oil and natural gas. I guess if you owned the rigs it was the sweet smell of success . To me it was repugnent. Now if it was a NAMX smell I may feel different!" I have learned from a source that the Permian Basin has a geological structure that doesn't fit the paradigm for the EMSounder. Here is a bit of the information regarding the area.. "...the Permian Basin is on the wrong side of theTexas Fault and features a large salt water overlay. The technology is not applicable in the area." The EMSounder could be used to survey an area on the other side of the fault line that does not have the water overlay. I thought that I'd include another snippet that details some of the activity for just one of the oil companies that are active in the area. It confirms your observations about the area. "The most productive structural feature in the Permian Basin is the Central Basin Platform in which the Company controls over 158,000 net acres of mineral interests. This area is about 170 miles long and 50 miles wide trending northwest from west Texas to southeast New Mexico. Over 20 different formations, ranging in depth from 2,000 feet to over 12,000 feet, produce oil and gas on the Central Basin Platform. The largest consolidated block of acreage in this basin in which the Company has an interest is the Waddell Ranch, located 40 miles west of Midland, Texas. The Company operates over 1,300 wells on the Waddell Ranch resulting in average net production of 5 MBbls of oil per day and 22 MMCF of gas per day during 1995" Wow. I wonder what the networth of the Waddell's is today? I bet their Visa card limit is a wee bit over $10,000.00. marty