Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Prudent Investor who wrote (2309)	1/8/1998 12:01:00 PM
From: Ditchdigger	Respond to of 4276

Hello PI, the reason I've asked about the fundementals(or lack there of) is, it is difficult to try and play the swings of a Reg S calamity, if there aren't some underlying fundementals. If not careful one can get"stuck" at the bottom of the swing,and if there are no sound fundementals,it's a hard hole to get out of,short of cutting and running..DD PS: I don't have any fax capabilities. Anything you can paste here?TIA

To: Prudent Investor who wrote (2309)	1/8/1998 12:34:00 PM
From: Eric Maggard	Read Replies (1) \| Respond to of 4276

I tried to flame you, but couldn't keep a straight face and bring myself around to complete it. :-) DD, about the Fundamentals: IMO, they are in suspect, because many of the leases were acquired relatively cheaply based on the amount of reserves that they claim. They have been talking about big production coming on anytime now, but they do not have it. I am curious about how many swabbers they currently have and how many more they have on order. I know they ordered 6 or so more in the spring. Do they have them yet? How many more do they have on order? Is that all that is keeping them from producing more? Is drilling new wells the answer? Will that increase production on the current wells? What are the current wells in Big Foot producing? Lots of questions. Eric