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

To: MarcG who wrote (1725)	12/12/1997 3:57:00 PM
From: Ngo, Elizabeth	Read Replies (3) \| Respond to of 4736

Dear fellow investors: I spoke with Dr. Eblings this morning: 1. There are findings in the fourth and fifth wells in Nebraska. They are eight for eight so far, still a perfect record. 2. New release will be after X-mas. 3. Deloitte & Touches branch in Dallas is doing their accounting 4. Namx has global rights to the EM sounder technology. They will be changing name in January so there will not be any misconceptions that they only have rights in North America. 5. As an advisor for OPEC, DR. Stams is very well connected. Apparently, OPEC is interested in using Em sounder technology. 6. He intended to make this company into a billion dollar company in five years. Have a nice weekend to everyone and espcially to you, Martin. Take care.

To: MarcG who wrote (1725)	12/12/1997 4:32:00 PM
From: alchemy	Respond to of 4736

Marc, I would definitely say to all new NAMX investors, take delivery of your certs and keep as much of this stock out of the hands of the MM's. They crucified us this summer. I believe many took delivery of their shares during the mandatory exchange from IMMM to NAMX. When I wrote that UPR would probably not strike a deal for a while, I was way off. How sweet it can be to be so wrong. Good news ahead. Apparently the Niobara payzone is proving to be 18 ft. deeper than originally projected. This is the formation that is similar to the Austin Chalk. As Mike Currie suggested they are Fracturing it. Drilling costs are working out to about $115K per well. Their bilevel wells are succeeding. The new information indicates that the total reserves may be as high as 32.6 bcf. Originally, the field was pegged at 12.3 bcf The field was originally an undeveloped AMOCO lease of 200K acres. Dr. Stamm surveyed the property with the EMSounder and "high-graded" the 25K acres that indicated positive for hydrocarbons. They secured exclusive lease rights and drilled. Needless to say, their sensing results are correlating very well with the actual drilling results. I suspect that the success in Nebraska may have gotten the attention of UPR who seem to have come back to the table very quickly. BTW, my estimate yesterday of $50K a day could be as high as $150Ka day with a field life expectancy of between 8 to 12 years. This field is turning into an asset worth somewhere between $90mm and 100mm +. The global news as reported by Engo is potentially even better. Do your due diligence. Invest wisely. As Ron Reagan would say, Trust, but verify. have a good weekend, marty, le naif