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Microcap & Penny Stocks : OILEX (OLEX) -- Ignore unavailable to you. Want to Upgrade?

To: baron-marney who wrote (2032)	12/17/1997 12:46:00 PM
From: ROY SENDELE	Respond to of 4276

Baron, Thank you. roy

To: baron-marney who wrote (2032)	12/17/1997 1:15:00 PM
From: OFW	Read Replies (1) \| Respond to of 4276

BARON: Now that the company has issued yet another press release concerning production when may we expect answers to all of the critical questions which have been posted on this thread since November 21, 1997? Offie

To: baron-marney who wrote (2032)	12/17/1997 3:41:00 PM
From: Larry Sallee	Respond to of 4276

Baron this is great news- a lot of the if's about Big Foot are now melting away and the whole Team with Oilex is to be congratulated on finding this field in the first place and now bringing it into production. Each new well will now reinforce the notion that there is a lot of undiscovered oil left in these Texas fields. Looks like well #1 is still choked down-at 96 bbls/day this is already above my projections and it looks like we have some more to add as they open up the choke a bit. I think there are at least 60 to 70 more well sites to develop and with the knowledge gained on these first 4 wells, it won't be difficult to locate the best spot for each one. There is so much to say about the other fields and prospects but right now all I want is to hear that oil talking. PS Baron did you check out the wellhead price of gas for each one thousand (M)CF, I think it is just under $2/MCF. IMHO Larry