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

To: alchemy who wrote (2127)	1/13/1998 9:49:00 PM
From: Y-fall	Read Replies (1) \| Respond to of 4736

Hi all: Anyone know if the stock price will break out soon?

To: alchemy who wrote (2127)	1/13/1998 11:15:00 PM
From: Deep Digm	Respond to of 4736

Dear Martin, You wrote; >>"I could not find any worldwide totals for gas production"<< I "vaguely" remember a report early in my involvement with this stock by an "H. Montgomery". It was incredibly detailed as well as lengthy and I seem to remember it contained that kind of information. I believe it was used to hypothesize on the impact EM Sounder "could" have on these figures "IF" it proved viable. I may have this confused with something else, perhaps someone else remembers it and can confirm this either way. Perhaps there's even a copy floating around. Martin thanks for your contiued efforts in enlightening others, like myself, with less time and research abilities than you about our investment. It is "GREATLY" appreciated. All the best in the coming New Year- especially NAMX :)) Deep Digm

To: alchemy who wrote (2127)	1/14/1998 3:11:00 AM
From: Michael T Currie	Respond to of 4736

> Some of them are developing nations that desperately need cheap fuel (Phillipines, Ghana and Angola). The EMSounder may help these countries attain cheap power which is the driver of any developing economy. Other countries on the list such as China and Malaysia are desperately seeking oil to maintain double digit growth. I believe China is shooting for five years of 20% growth in their GDP. They'll need a lot of oil to make that happen Marty, Unfortunately (for NAMX), the prospectivity for Phillipines, Ghana, Angola, and to a certain extent, Malaysia, is pretty well restricted to the offshore areas. China is a different matter. They have huge, basically unexplored sedimentary basins, particularly in the western (remote) portion of the country. The concept of 'cheap fuel' is a difficult one. What company is going to sell their production at below market rates if they don't have to? Transportation of crude is relatively inexpensive. Natural gas is a possibility, but the cost of infrastructure is often prohibitive. Developing countries simply do not have the capital to build pipelines, install compressors, erect power plants and build a power grid. It is a slow process. By the way, I work on offshore Angola. BP is presently dealing with the gas issue. What do we do with the associated gas generated during crude production? Flaring is environmentally unsound (Angola would allow this, but BP will not do it - we do have a conscience <g>). We are more than 100 miles offshore, so a pipeline would be tremendously expensive. There is no existing infrastructure, so what do you do with the gas even if you can get it to shore? Right, I'll stop. This is a huge problem for any oil company working in a 3rd world country. It is a sad fact of life that the people of the countries from which production is taken do not benefit they way they should. Their governments have to take the committment to reinvest the proceeds in economic expansion. All too often, this does not happen. Mike