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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 (2173)	1/15/1998 6:02:00 PM
From: cAPSLOCK	Read Replies (1) \| Respond to of 4736

As we expected... the reason for our price rise: North American Exploration Corp. Reports Western Nebraska Gas Field SEATTLE--(BUSINESS WIRE)--Jan. 15, 1998--North American Exploration Corp. (OTCBB:NAMX - news) announced a gas field in the Niobrara Chalk and the D Sands formation reservoirs on its exclusive 25,000- acre lease in western Nebraska. Proven and probable natural gas reserves were estimated by the company's reservoir engineers at more than 58.50BCF of natural gas. As further drilling is done the estimates of proven and probable reserves may be revised upward or downward depending on the actual drilling results. The company has completed three wells and is in the process of completing the six wells that it drilled in December 1997. NAMX has located 14 additional well sites on the structure and will commence drilling in February 1998. An additional 23 drill sites are being considered on the structure for drilling later this year. The value of the field was estimated at $129,870,000 by Geophysik, GmbH exploration director Dr. Erhard Kohler using the Financial Times, January NTMEX price of $2.22 per MMBTU. As these reservoirs represent approximately 10 percent of the exclusive lease NAMX said that the lease could yield more than $200 million over the next seven to 10 years. The natural gas is being sold to KN Energy (NYSE:KNE - news) under contract for the life of the field. Production began in early January 1998. North American Exploration is a remote sensing technology company with interest in oil and gas exploration and production. It is the exclusive worldwide licensee of EM Sounder (GPR) technology. NOTE: This news release, other than historical financial 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 (2173)	1/15/1998 6:13:00 PM
From: Gerald Underwood	Read Replies (2) \| Respond to of 4736

Bob, Have you tried Internet Trader program at papyrus.com Has intraday delayed charts that you can custom program with wide list of indicators. Like the news. Regards, Gerry