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

To: M. M. Jones who wrote (1592)	11/27/1997 9:38:00 AM
From: M. M. Jones	Read Replies (1) \| Respond to of 4736

So far, I have learned that NAMX is not mentioned anywhere in the current issue of the Oil and Gas Journal, and NAMX was not listed on the official program of the IPAA conference. (I have a copy of the program.) Two months ago NAMX was expecting to "present" at this conference, and the Oil and Gas Journal had scheduled an interview with Michael Stamm, Ph.D., Chairman of NAMX. This information was given to me several times by NAMX spokesmen. Am I correct that we have never seen the results from the independent analysis of the Rother wells, promised so many times for the last several months? Have the deals with UPR withered away, like the IPAA presentations and the Oil and Gas Journal coverage? WHY??? This morning I received a copy of Anne Rhode's article, and the following seems to have been the main emphasis at the conference. I wonder how NAMX is doing in the areas of "information technology, people, and judgment": "Directional drilling and 3D seismic have revolutionized the oil industry. But because those and other technologies are now available to everyone, said West, it is how a company uses technology that can give it an advantage. "During the IT panel discussion on the evolution of information technology and its impact on the oil and gas industry, Gibson echoed West's assertion. "Competitive advantage is no longer access to the tools," said Gibson, "it's access to judgment." "Producers are looking to IT as an important means of enhancing that judgment by putting the right information in the hands of the right people. And Gibson thinks independents have an advantage when it comes to employing IT for competitive advantage. "Compared with major oil companies, independents are "unencumbered by legacy systems," said Gibson. He would like to see independents take advantage of this by investing more in people and leveraging technology. "Outlook "Edward McCracken, former chairman and chief executive officer of Silicon Graphics Computer Systems, Redwood City, Calif., told the audience that, despite recent advances in computer technology, the information age is a post-2000 phenomenon. "We're at this inflection point," said McCracken, "going from the industrial age to the information age." M.M.