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Microcap & Penny Stocks : Nerox Energy (OTC:NROX) -- Ignore unavailable to you. Want to Upgrade?

To: YOYO who wrote (24)	2/10/1998 3:25:00 AM
From: Terry Lyon	Read Replies (1) \| Respond to of 64

Hi YOYO, I am not an expert in gas valuations but recently read that recent gas price was $2.31 per MMBTU and 23 BCF is worth about $53M (using figures seen on NAMX thread). The problems I don't believe that these reserves have been verified by an independent third party and they may only be able to retrieve a small part of the 23 BCF, as I understand it. Also the cost to obtain the gas may be very high depending upon drilling depth, etc. I like NROX but it is still to early for me to buy as still a long way from profitable - IMHO. Terry

To: YOYO who wrote (24)	2/17/1998 7:40:00 AM
From: Scott Kelly	Read Replies (1) \| Respond to of 64

For Immediate Release: Nerox Energy Corporation in negotiations to purchase oil and gas wells and leases from Park & Park Oil Company, Inc. Irvine California (February 17, 1998) -- Nerox Energy Corporation (OTCBB:NROX) announced today that it is in negotiations to purchase several oil and gas wells and leases from Gulfstream Oil & Gas Company, which is owned by Park & Park Oil Company, Inc. The purchases will be subject to Nerox Energy conducting due diligence on the leases and the completion of its current round of financing. Park & Park Oil Company, Inc. a closely held corporation founded in 1972 has drilled, completed and recompleted over 300 wells in Southwest Arkansas, Louisiana and East Texas. "This provides an additional source of diversification and revenue stream to Nerox Energy.", Commented Jack Utter, Chairman and President of Nerox. "Park & Park will retain a 5% ownership, will handle completion or recompletion, provide all labor and material and will operate and manage the wells and leases. Nerox will make the investment in the wells and will retain a significant working interest and net revenue interest." Nerox Energy Corp. is an emerging growth, fully integrated energy company with interests in oil and natural gas, coal and power plant development. The company's current primary focus is targeted on the development and marketing of the largest accessible high grade bituminous coal reserves in Alaska. The company's Jonesville Coal Mine is strategically located, offering ready access to both Pacific Rim and domestic markets. Financial Statements in this press release other than historical facts are "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earning, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.