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

To: francis terry who wrote (2251)	1/4/1998 5:59:00 PM
From: Larry Sallee	Read Replies (2) \| Respond to of 4276

Francis- there are a lot of ways to go in this market and methods too- I respect all of them and if they work for you, cool. Tell me what your charts say now about Olex ? I think that is what this string is for- we share what we know and everyone has the right to add- hopefull this will lead to a better understanding by everyone. I will take a look at AWLT-thanks. I will give you a heads up on a possible Cheveron move and it could have a positive effect on Oilex long term. Cheveron is in the final planning stage for an undersea pipeline hopping from island to island from the New Guinea gas fields to Australia in the Torris Strait. There has been hints they also plan to buy natural gas to be compressed for LP and build a fleet of LP tankers to sell to Japan. Lp would cost around $4+ per thousand Cu. Ft about twice the wellhead price but it is clean burning and helps cut the greenhouse gas from oil or coal fired plants. All of this is going to come into the picture in the next two years. Japan needs clean energy and Australia has a lot of it and closer!!!! To check this out look for Torres Strait North of Queensland and South of New Guinea. There is a new Aborigional Lands Territory there and Australia is hoping to use this for regional developmant& employment. Look for the deeper water and you will, most likely, be able to spot the island the tankers will pull near for fill up;)I think this will make an Asian and South Sea market open up after they sell some to Australia. Just my opinion- Larry