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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 (1870)	12/18/1997 9:14:00 PM
From: alan w	Read Replies (1) \| Respond to of 4736

Bob, Sounds good to me.....but: I think that the 23bcf is the total (low side) reserves. It will take many wells and several years to get that gas out of the ground. But I like positive thinking. Have a good night alan w

To: Sidney Reilly who wrote (1870)	12/18/1997 10:19:00 PM
From: Ngo, Elizabeth	Read Replies (2) \| Respond to of 4736

Dear Bob: Isn't that amazing for just the Nebraska field. Perhaps, you should wait for a new release next week to add on to your estimation of the present share value. I am certain that it will be your best Christmas present yet. I don't think the majority of NAMX shareholders understand what they have yet. They have a lottery ticket in their hand at these level. Hold on to it.

To: Sidney Reilly who wrote (1870)	12/22/1997 12:41:00 AM
From: CVJ	Read Replies (2) \| Respond to of 4736

Bob, this may be a dumb question, but why aren't the 110,000,000 restricted shares included in your calculation? They may be restricted, but they are still issued (assuming the # is correct). If we use $66,470,000/172,000,000 the share value changes from $1.07 to $0.386 per share. Subtracting expenses and sharing what's left with Patroclas or whomever, may get the value down closer to the current price of the stock. I'm not trying to argue or criticize, just trying to learn and understand. I don't have enough of this stock to be ruined if it goes to 0.00, nor will I be wealthy if it goes to $10 (now, $100 is another story <ggg> ). Chas