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

To: Sidney Reilly who wrote (1803)	12/17/1997 4:41:00 PM
From: Hendrik	Read Replies (2) \| Respond to of 4736

BusinessWire, Wednesday, December 17, 1997 at 16:36 SEATTLE--(BUSINESS WIRE)--Dec. 17, 1997--North American Exploration Corp.'s (OTC/BB:NAMX) December 1997 Six Well (Well Numbers NX97334A through F) Drilling Program on its exclusive western Nebraska lease was completed Wednesday. The results are five successful tests to the Niobrara Formation and one successful test to the Niobrara Formation and the D Sands for a total of six successful gas wells. Casing has been set on all six wells, and completion will begin in January 1998 for hookup to the K/N Energy gas pipeline. The company estimates a minimum of 23 billion cubic feet of natural gas in the structure's reservoir. Drilling logs from the six wells will be sent immediately to H.J. Gruy & Associates, Houston, for an independent reservoir analysis. The results will be announced upon completion of the report in late January 1998. To date, nine natural gas wells have been drilled on the structure, three have been completed and are awaiting connection to the KN Energy Inc. pipeline. "With this successful activity, NAMX has taken a quantum leap toward validating its EM Sounder technology," stated Michael E. Stamm, chairman and CEO of NAMX. A minimum of 23 drilling sites have been located on the company's exclusive lease. To date, nine have been drilled, and 14 more will commence drilling on or before Feb. 27, 1998. North American Exploration is a remote sensing technology company with interest in oil and gas exploration and production. It is the exclusive licensee of EM Sounder (GPR) in North America. NAMX anticipates becoming a full (12g) reporting company during the first quarter of 1998. This news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties, including planned construction and drilling activity, expected production efforts, volumes, budgeted capital expenditures and other risks and uncertainties. Actual results may vary materially.

To: Sidney Reilly who wrote (1803)	12/17/1997 4:42:00 PM
From: alan w	Respond to of 4736

Hi Bob, I first saw it on DBC. So I went to Yahoo to watch. After the bid dropped to 0.125, I kept reloading every 10 seconds or so. It sure looked like one sell of 1,043,000+- shares. I don't know, but even if don't get the news until 1-98, I am still excited. thanks alan w