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

To: cAPSLOCK who wrote (2201)	1/16/1998 6:01:00 PM
From: M. M. Jones	Read Replies (3) \| Respond to of 4736

Here's another news release. biz.yahoo.com Friday January 16, 4:49 pm Eastern Time North American Exploration producing Nebraska gas SEATTLE, Jan 16 (Reuters) - North American Exploration Corp(OTC BB:NAMX - news) said it is selling natural gas from the three wells completed on the company's lease in Western Nebraska to KN Energy Inc (NYSE:KNE - news). Production began early this month, the company said in a statement. Officials did not have production volumes available. The company said it has completed three wells and is in the process of completing the six wells that it drilled in December 1997. North American has located 14 additional well sites on the structure and will start drilling in February, it continued. An additional 23 drill sites are being considered on the structure for drilling later this year. It said proven in probable reserves in the Niobrara Chalk and the D Sands formation reservoirs tapped by the wells are estimated at more than 58.5 billion cubic feet of gas. ------------------------- Regards, M.M.

To: cAPSLOCK who wrote (2201)	1/17/1998 9:02:00 AM
From: alchemy	Read Replies (3) \| Respond to of 4736

Hello Tilde Scroll-lock: This company has been a jigsaw puzzle since March. We have had to take the jumbled pieces of it and laboriously attempt to fit them together. The news blackout in the summer certainly didn't help things. Over the past three months, the pieces seemed to come together. The technology demonstrated that it can find a commercial site that may generate $200mm over ten years. Management has clearly shown that they know how to convert a field into a moneymaker and how to protect the interests of the shareholders. We have a tool that countries or governments can use to affordably "high-grade" large areas in a timely manner. Major domestic and foreign agreements are being finalized. The EPS should be the final piece that makes this company palatable to a large population of investors who won't touch this company without financials in hand. When the Q/1 financials are released in April, I suspect that we will see a lot of serious money come into NAMX. My guess is that after the Q/2 finanicals, we will begin seing the institutional investors who are chartered to invest in stocks less than $5.00. Until then, this company belongs to the individual investors and day-traders. We will probably see the volatility that we saw in August only I'm hoping this time it keeps ratcheting up after selloffs. marty