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

To: M. M. Jones who wrote (2642)	2/12/1998 11:16:00 AM
From: M. M. Jones	Read Replies (2) \| Respond to of 4736

I just spoke with a KNE spokesperson. That person confirmed KNE is metering gas at one well. Does not know if they are metering more than one well. Does not know how well the gas is coming out. Yes they do have a contract for the life of the field, but the contract has many conditions and KNE will not be prevented from getting out of the contract if the wells do not perform well. NAMX has not always checked with KNE before mentioning them in a press release. When that happens, KNE has trouble getting in touch with NAMX re those press releases because they have only two or three people in the office, and those people are gone all the time. Conversations with Elias have not been very satisfactory. KNE is a billion dollar company and this is a very small piece of their business. The person I spoke with said that is all KNE is willing to say. I won't mention this person's name, just the information given. Anyone who wants to check it out will have to call the company themselves. Yes they are metering gas from one well. Yes they have a contract. M.M.

To: M. M. Jones who wrote (2642)	2/12/1998 1:54:00 PM
From: per strandberg	Read Replies (1) \| Respond to of 4736

MM, I started looking for Herr Doktor Kohler when I had read the release. I didn't find him. Geophysik is big and spread around. His name may be K”hler. I didn't really try hard, as what the release stated is that Kohler estimates the value of the field based on a published price. Unfortunately, it never stated that Kohler had done any work on estimating the extension of the field. Multiplying a gas volume by a price is simple, just what Marty is trying to do. If you can find somebody to say that Kohler estimated the reserves, I'll try to get a confirmation. Regards ps